In 2022 Charoen Pokphand Group experienced a smooth revival of our business. This was partly due to the decreased severity of COVID-19, the relaxation of travel restrictions in many countries and the Group ’s initiative to adjust our business strategy to better correspond to the global situation and economic, social, and environmental changes.
At present, all countries around the world are facing challenges that are global megatrends. The six global megatrends are 1. inequality, 2. digitalization and energy transition, 3. Climate change, 4. hyperinflation, 5. bipolar world order, and 6. Health and epidemics. Charoen Pokphand Group is among one of the organizations to have modified its strategy and business operations to cope with such challenges in order to increase competitiveness and deliver sustainable values to the country, the people, our employees and all stakeholders.
Besides the 2030 Sustainability Goals covering the social, economic and environmental dimensions of sustainability, the Group has further enhanced our operations by focusing on three highly challenging goals: 1. Becoming a net zero organization by 2050 as well as implementing traceability and sustainable sourcing throughout the value chain, 2. Reducing waste to zero by 2030 and creating innovations to build a circular economy, and 3. Reducing social inequality by emphasizing on the development of the education system to provide all genders and ages with equal access to quality education. Furthermore, the Group has developed easily accessible, quality products and services to improve everyone’s quality of life. We have also utilized the “Platform of Opportunities” to uplift SMEs to enable higher incomes, while promoting the quality of life of farmers to sustainably generate income and make positive contributions to society. The Group firmly believes that social responsibility is required in conducting business. As such, we must deliberate as we define sustainability goals to engage with the global effort to find solutions and reduce impacts on the economy, society and environment, a task that must be carried out by every country and everyone.
The first and foremost goal to become a Net Zero organization is a milestone mission for Charoen Pokphand Group. Accordingly, we have set Science-based Targets that align with the goals of the Paris Agreement. The Group has also increased alternative energy consumption to lower greenhouse gas emissions from operations by applying innovation and technology in the processes of invention, design, production, transportation through to services to reduce impacts from upstream to downstream. More importantly, the Group has formed an alliance with suppliers and partners from various sectors, such as the United Nations Global Compact (UNGC), the World Economic Forum (WEF), and the World Business Council on Sustainable Development (WBCSD), etc., in order to make widespread contributions and achieve sustainable and valuable outcomes.
The second goal to reduce waste to zero by 2030 centers on using resources efficiently in accordance with the principles of circular economy, reducing dependency on natural resources, increasing the proportion of eco-friendly products and packaging, and collaborating with various organizations to deliver food surplus to vulnerable groups.
As for our third goal to reduce social inequality, the Group places value on “Education”. We support the development of the educational system to enable equal access to quality education for all genders and ages. Additionally, the Group aims to create opportunities for SME operators by offering them knowledge and linking domestic and international markets to increase opportunities and generate income. Likewise, we give priority to developing easily accessible products and services of greater quality in order to improve the quality of life for all.
2022 marks another successful year in sustainability for Charoen Pokphand Group. The Group was ranked third in the Industrial Conglomerate sector with the highest score in the environmental dimension by the S&P Global sustainability assessment. We have also received an A- rating for climate change management from the Carbon Disclosure Project (CDP), a non-profit organization focusing on climate change management. These accomplishments underscore the need for the Group to keep driving forwards to make a better difference for our world.
Last but not least, I would like to extend my gratitude to all executives and employees who have dedicated themselves to the best of their ability to drive the Group through yet another significant challenges. I also wish to thank all stakeholders for their collaborative efforts in exploring solutions and creating sustainable benefits for our world. Charoen Pokphand Group alone cannot achieve such objectives, but with the cooperation and connection of everyone, we can all Make a “Better Tomorrow” together.