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CP Group hails 2017 as milestone for its sustainable development initiative

CP Group hails 2017 as milestone for its sustainable development initiative

FRIDAY, November 03, 2017

Suphachai Chearavanont, chief executive officer of Charoen Pokphand Group (CP Group), sees this year as a significant milestone for CP Group’s sustainable development initiative.

This was only possible owing to the commitment and continuous improvement of sustainability programmes among CP Group and its subsidiaries, especially its core businesses: Charoen Pokphand Foods PCL (CPF), CP ALL PCL (CP ALL) and True Corporation PCL (TRUE), the CEO said. 
All the three companies have been selected as members of the Dow Jones Sustainability Indices (DJSI). The World Business Council for Sustainable Development (WBCSD), a global advocacy association of over 200 companies focusing on business solutions for sustainable development, also said that CP Group’s sustainability report received a score of 72.2 per cent. The top 10 companies scored at 78-82 per cent.
In addition, CPF and TRUE were selected as members of the FTSE4GOOD Emerging Index by FTSE Russell, while the 2017 Corporate Governance Report, published by the Thai Institute of Directors (IOD) gave CPF and TRUE five out of five stars with Makro receiving four stars.
The CEO of CP Group further explained that the organisation is determined to drive sustainable development in all communities where it operates. It has a vision to provide food for body and mind that creates both shared value and well-being for all to develop sustainable economies, societies and eco-systems. This year, CP Group launched its first Sustainability Report, declaring its 2020 Sustainability Goals to ensure that all its global affiliates operate coherently to achieve the 12 set targets. These targets were set in line with the United Nations Sustainable Development Goal (SDGs). We are confident that CP Group’s sustainability efforts will be an important driving force for positive changes in our business operations in Thailand and around the world.
CP Group’s 13 business groups will operate under the sustainability strategy of ‘Heart-Health-Home’ and strive to meet targets under each strategy by 2020. In the Heart area – Commitment to Sustainable Business, four materiality issues consist of: corporate governance, human rights and labour practices, leadership and human capital development and stakeholder engagement.
In the health area – commitment to sustainable society, four materiality issues consist of social impact, health and well-being, education and innovation. In the home area – commitment to sustainable environment: four materiality issues consist of climate change management, water stewardship, ecosystem and biodiversity protection and responsible supply chain management.
Suphachai concluded by expressing his sincere appreciation to all employees and executives of CP Group of Companies, including all stakeholders of CP Group that helped drive the organization’s sustainability policies into reality. Only with these stakeholders’ support, CP Group is able to carry forth its sustainable development efforts for communities, societies and countries around the world into the future.