CPF Wins Asia’s Top Sustainability Awards on Human Rights and Supply Chain Transparency

Charoen Pokphand Foods Public Company Limited (CPF)’s Sustainability Report 2020 won two awards from Asia Sustainability Reporting Awards (ASRA) – Gold class in Asia’ Best Workplace Reporting category and Bronze Class in Asia’s Best Supply Chain Reporting category. While the first award recognized CPF’s exemplary care and engagement with employees through respect to human rights principles and international labor standards, the latter reflected the Company’s transparent communications throughout the supply chain for responsible sourcing and mutual growth with its business partners. 

Mr. Prasit Boondoungprasert, chief executive officer of CPF, said that CPF was honored that its sustainability reporting won the ASRA awards for 2 consecutive years, as they mirrored the Company’s strict commitment to human rights principles, fair practices as well as maximum adherence to safety, occupational health and environment standards, as shown through the preventive measures against the novel coronavirus (COVID-19). Thanks to the measures, CPF’s workers have remained safe and sound, able to work and support the country’s food security policy continuously. 

Aside, CPF has emphasized collaboration with business partners, leading them towards the sustainable development path. Support has been thrown to partners across the supply chain to ensure their compliance with international standards and governance practices, in terms of transparent reporting, public accessibility to information and accreditation by a third party.

“These awards echo the reporting transparency of our Sustainability Report and CPF’s leadership in terms of efficient, standardized and accountable business management. This will strengthen trust and confidence that investors and stakeholders have placed on the Company. Fully prepared for changes and challenges, CPF has been able to constitute positive energy that allows the balance in business growth and social and environmental care,” Mr. Prasit said.  

Under the goal towards sustainability, CPF drives its business with three strategic pillars – Food Security, Self-Sufficient Society and Balance of Nature. Marking the new decade, CPF this year sets additional goals to be achieved in 2030: ample food supply to satisfy consumer needs during normal times as well as during times of crisis; emphasis on safe and nutritional food for the well-being of people; firm adherence to human rights principles; and replicating these achievements throughout the supply chain to strengthen employees and suppliers’ capabilities.  

CPF has placed emphasis on suppliers’ mutual growth, the well-being of communities near operating sites, responsible sourcing and mitigation of environmental impacts through the Circular Economy concept. Under the concept, CPF strives for a decrease in greenhouse gas emission, optimization of water usage, and a decrease in food loss and food waste, all of which support the United Nations Sustainable Development Goals (SDGs).  CPF’s operations are currently geared towards all 17 SDGs, to achieve its vision of “Kitchen of the World”. 

ASRA is the region’s most prestigious recognition for sustainability reporting, organized by Singapore-based CSRWorks International Pte Ltd which is a certified training partner of Global Reporting Initiative (GRI). This year, nearly 500 companies from 17 countries submitted their entries to win awards in 19 categories. A number of 102 companies from 14 countries entered the final round.