Making Today a Better Tomorrow

In 2022, the turmoil caused by the COVID-19 pandemic has started to subside, with countries, including Thailand, slowly returning to normalcy. Since our founding Charoen Pokphand Group has learnt to evolve and prepare for crises of any nature by upholding and embedding the Group’s Six Core Values into our operations. Even amidst the pandemic when social distancing had caused unprecedented changes in consumer behavior, Charoen Pokphand Group was still capable of comprehensively modifying our operational methods and innovating our business to efficiently align with the new normal lifestyle. The Six Core Values are thus the key strategy that empowers the strong and sustainable growth of Charoen Pokphand Group.

For over a century, Charoen Pokphand Group has overcome countless crises of public health, politics, economy, society, and environment. These circumstances have challenged and compelled the Group to adapt with strong determination to drive sustainability in all aspects. Nevertheless, the Group has always acknowledged that the true foundation of sustainability stems from a peaceful nation. Charoen Pokphand Group has been most fortunate to have the opportunity to operate our business under the Royal Benevolence of His Majesty the Kings of Thailand in a land abundant with resources that has been labelled as the “Kitchen of the World”. Therefore, it is the duty of Charoen Pokphand Group and all employees to give back to the country.

Finally, on behalf of Charoen Pokphand Group, I thank all stakeholders for their constant trust and confidence in our business. I also express my appreciation to all executives and employees for their commitment and perseverance in leading Charoen Pokphand Group through crises. These efforts have enabled us to become a world-class company with purpose in order to continue creating values and benefits for the country and the people wherever we operate.

For more than two years, Charoen Pokphand Group together with every business, community and household around the world have lived through numerous impacts of global crisis and disruptions; namely COVID-19, supply chain disruption, geopolitical issue, inflation, global warming, and the rise in global food and energy insecurity. During this time, Charoen Pokphand Group reassessed our priorities. We adjusted and fortified our business toward sustainability by cultivating our new-generation good and talented leaders along with employing innovation and advanced technology to solve business issue, finding new opportunity in crisis and further developing our organization. In the fast-changing global environment, we are strengthening our foundation and establishing readiness for growth in our next century.​

Charoen Pokphand Group remains committed to the six core values which comprises of our three-benefit principle; conducting our business to benefit the country, the people and the company, accepting change, speed-with-quality implementation, leveraging innovation and advanced technology to simplify processes, and operating our business with integrity and honesty. Our six core values enable us to adjust our business strategy and encourage change and development towards business sustainability. We will continue to uphold these values in order to overcome all concurrent economic, social and environmental challenges and accomplish the C.P. Group 2030 Sustainability Framework and Goals. Thus, in each business activity we take into account the relevant stakeholders from all sectors along with consider risks and opportunities, human rights, fundamental freedom, and involvement of employees, SME operators and communities.​

At present, Charoen Pokphand Group places priority to innovation and advanced technology partnership in Thailand and at global level on climate change adaptation, ecosystem and biodiversity protection, human rights and labor protection, responsible supply chain management, energy security, food security, and nutrition equity. We determine to play a part in preventing and solving these issues in order to uplift the quality of life and wellbeing of the people. In 2022, our collective efforts on corporate sustainability among members of the management and employees were recognized by leading global institutions. Charoen Pokphand Group was listed as a member in The Sustainability Yearbook 2022 of S&P Global and was considered as one of the World’s Most Ethical Companies® by Ethisphere.

On behalf of Charoen Pokphand Group, I would like to extend my gratitude to all of our senior management, directors, executives, and colleagues who are the key forces in shaping Charoen Pokphand Group into a stable, strong and sustainable organization that has always prevailed over challenges. It is my sincere hope that our synergy combined with the knowledge and capability of our new-generation good and talented leaders will lead us to achieve sustainability and create a “Better Tomorrow” for the world, the country, the people, societies and communities as we move forward into our next century.

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.