CP Foods Public Company Limited (CPF) has announced that the company has been selected as a member of the FTSE 4 Good Emerging Index by FTSE Russell for three consecutive years reflected the company’s management efficiency on Environmental, Social and Governance (ESG) through Corporate Good Governance practices.
Mr. Prasit Boondoungprasert, Chief Executive Officer of CPF, the company gained an outstanding score on climate change resulted from the strong intention through environmental practices and efficient resources management. Moreover, the company also announced its target to reduce greenhouse gas emissions by implementing many activities such as undertaking more renewable energy in the processing lines, which increased from 21% in 2017 to 25% in 2018 for the operation in Thailand.
CPF also has an outstanding performance in Social with the highest score of the industry. This is reflected the company adhered on labour and human rights management throughout its supply chain in line with international standards.
The company’s governance practice showed a significant improvement particularly Good Corporate Governance. It is an important issue with continued development plan to achieve the full score this year.
“CPF is proud to be selected as a member of the FTSE 4 Good Emerging Index for three consecutive years with overall scores were increased at the satisfactory level,” said Mr. Prasit.
Mr. Prasit stressed that the company has engaged forward on self-development management as one of the world’s leading food producers with trading partners in 50 countries worldwide. The business management has also come under corporate governance principle with responsibility in social and environment relevant through good result operation. This is to ensure value creation to all stakeholders that engage to principles of the United Nations Global Compact : Un Global Compact and Sustainable Development Goals : SDGs.
Moreover, CPF is one of 14 leading food companies that has been selected to be a part of the Dow Jones sustainability Index for four consecutive years.
The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Transparent management and clearly-defined ESG criteria make FTSE4Good indices suitable tools to be used by a wide variety of market participants when creating or assessing sustainable investment products. It was launched in 2001 and then the criteria was applied into FTSE Emerging Indexes in 2016 covering 20 emerging countries.