Charoen Pokphand Foods PLC (CPF) has been recognized in Dow Jones Sustainability Indices (DJSI) Emerging Markets 2018, a globally recognized sustainability index, for four consecutive years.
CPF is among 16 high profile companies in the FOA Food Products industry group selected from 104 companies across the world, reflecting its success in putting its self-developed philosophy of “3 Benefits to Sustainability” into practice.
Mr. Wuthichai Sithipreedanant, Senior Vice President for CSR & Sustainability of CPF, said the continuous improvement in the area of sustainability has helped the company to retain a status in DJSI.
In 2018, the company has an outstanding score on health and nutrition, climate strategy, water related risks, environmental reporting, and social reporting. In addition, it shows significant improvement in the area of operational eco-efficiency, environmental policy & management system and tax strategy.
“Being a regular member of DJSI reflects CPF’s strong commitment to drive a business toward a broad and dynamic context of sustainability. CPF is dedicated to growing business and concurrently creating returns and shared values for stakeholders and the world based on our core philosophy, “3-Benefits for the Country, People, and Company"” he said.
Mr. Wuthichai added that CPF places importance on Health and Nutrition as well as environmental management. It sets target for 2020 as the direction to guide the company towards sustainable journey with measurable and concrete goals.
In 2017, 21% of new product development was healthier and more nutritious products. The company target to achieve 30% by 2020.
On the environmental performance, CPF focuses on four major aspects. The company were able to reduce energy consumption by 12%, GHG Emission per production by 7%, water consumption by 23% and waste disposal to landfill and incineration by 9%. The 2020’s target are to reduce those outputs by 15%, 15%, 25% and 30% respectively.
“The company continues improvement on its governance and transparency. The company is using DJSI to encompass it through sustainable direction. In addition, CPF's sustainability drive under 3 key pillars - “Food Security”, “Self-Sufficiency Society”, and “Balance of Nature”, based on good governance practices and human resource management,” he said.
DJSI is one of the most highly regarded global sustainability indices, developed jointly by S&P Dow Jones Indices and RobecoSAM.
More than 3,500 leading listed companies in 60 industries across the world are invited to participate in RobecoSAM’s Corporate Sustainability Assessment (CSA), which covers economic, social and environmental dimensions.