Improving performance, reducing risk “The Company recognizes the importance of sustainability and in order to create transparency and reliability of the data information we provided to the public, we engaged LRQA to verify our sustainability report. LRQA’s company background and its global track record ensure us that LRQA had the knowledge and expertise to meet our requirements and organisational objectives.” Mr. Wuthichai Sithipreedanant Senior Vice President Case study Charoen Pokphand Foods Public Company Limited Charoen Pokphand Foods Public Company Limited (CPF) is a leading agro-industrial and food organisation. The company operates in both livestock (swine, broilers, layers, and ducks) and aquaculture (shrimp and fish) industries. The business is further categorized into four main areas as follows: 1) Feed Business 2) Farm Business 3) Food Business 4) Retail and Food Outlets Business CPF has operations and investment in 14 countries, export more than 30 countries across 5 continents and cater to over 3 billion citizens of the world. the process as well as supporting capacity development of its employees, business and communities. Additionally, CPF also recognize the importance of good corporate governance, risk management and compliance with relevant laws and regulations which are the foundation of a secured and sustainable growth of the society as a whole. As such, the organisation proactively stipulates that Corporate Social Responsibility (CSR) is one of the main strategies for operating sustainably. The policy and strategic direction are translated into three pillars: “Food Security, Self-Sufficient Society and Balance of Nature” and operate on the foundation of good corporate governance while nurturing people, providing appropriate benefits to shareholders, paying attention to the health of consumers, as well as considering the security and livelihood of people, business partners, and communities. At the same time, CPF also considers the environmental impacts of operation and take appropriate steps to conserve natural resources that are the sources of the current and future socio-economic prospect Why LRQA? Whilst CPF is committe d to susta inabili ty, the organisation also recognizes the importanc e of sustai nabilit y reporting and complying with international standard and guidelines . Sustain ability reporting is the process whereby companies report on their non-financial performance. These reports allow organisations to demonstrate to stakeholders the Business Drivers With the vision to become “the Kitchen of the world“ CPF recognizes the importance to operate in a socially and environmentally responsible and sustainable manner based on the principles of good corporate governance. The Company continues to provide high quality and safe products and services amid the socio economic and environmental challenges such as an increase in global population, malnutrition and poverty, diminishing labor supplies in the agricultural sector and the ever increasing impacts from climate change. Over the course of its business operations, CPF is committed to advancing research and development and utilizing advanced technology and complying with international standards to increase efficiency along partners
