Charoen Pokphand Foods Public Company Limited (CPF) has been officially selected to join Dow Jones Sustainability Indices (DJSI) – Emerging Markets for two consecutive years emphasizing its vision to become ‘Kitchen of the World’ leader.
Mr. Adirek Sripratak, President and Chief Executive Officer of CPF, said as the leading Thai food and agro-industry conglomerate, CPF has strong intention to step forward on corporate strategy direction for sustainable development throughout supply chain from upstream to downstream manufacturing. This resulted the company to be selected by DJSI for another year in 2016.
CPF was one among 33 companies in food product business (FOA Food Products). The company was selected based on an assessment of the company’s economic, social and environment contributions. The company received higher scores than the industry’s average: with a total 75 points which increased from last year’s 65 points. CPF gained high scores of 80 points (out of 100) across the 12 criteria and has high scores of 90 points across the 4 criteria such as Risk & Crisis Management, sourcing, social investment, and Human Resources Management. CPF got 100 points across the 2 criteria such as Significant Issue and Climate Strategy.
Mr. Adirek noted that the changing of world trade regulations as well as the expectation of world society have prompted leading conglomerate around the world to concentrate more on sustainability. CPF has clear business management policy to serve global trend which ‘sustainability’ has been put in place as one of its core strategy. Particularly, the company’s social responsibility to achieve sustainable growth has focused on three pillars including food security, self-sufficient society and balance of nature. These to ensure the company’s businesses both in Thailand and overseas step toward its roadmap to lay down strong business foundation.
“It is a great honor that CPF was selected by DJSI for the 2nd consecutive year. It stresses our strong commitment and put in place of sustainability in all business aspects to serve global demand. This also convinces that sustainable practices of Thai company able to compete in the international arena well,” said Mr. Adirek.
DJSI is the first global index to track the leading sustainability-driven companies worldwide. Every year, more than 3,000 corporations worldwide apply for the Corporate Sustainability Assessment (CSA) to gain access to the influential listing. The DJSI follows a best-in-class approach, recognizing companies across all industries that outperform their peers in sustainability metrics.