Soopakij Chearavanont
Chairman CP All Public Company Limited
Soopakin Chearavanont
Chairman CP All Public Company Limited
CP ALL operates the business with a sustainable approach, balancing economic growth with responsible stewardship of society and the environment.
Thailand’s economy in 2024 is projected to experience gradual growth, driven by the tourism sector, government infrastructure investments, and expanding domestic consumption factors that collectively stimulate economic activity and job creation.
The Company closely monitors challenges, trends, and various risk factors that may affect Thailand’s economy, including global economic volatility, geopolitical issues, conflicts between major powers, climate change impacts, extreme weather conditions, and population structural changes. These factors underscore the importance of recognizing both opportunities and risks across economic, social, and environmental dimensions. Under the concept of “Sustainability for All” the Company aligns sustainability initiatives with the United Nations Sustainable Development Goals (SDGs) and Charoen Pokphand Group’s “Three-Benefit Principle.” This approach ensures sustainable business development across all dimensions-environmental, social, governance, and economic.
The Company is committed to champion sustainability through its strategic “2 Reductions, 4 Creations, 1 DNA” framework, with ESG principles serving as the foundational cornerstone of all business operations.
Strategy 2 Reductions-Minimizing Plastic Bag Usage and Energy Consumption.
The Company continues the 7 Go Green policy for 24-hour environmental sustainability, focusing on reducing plastic usage through the Circular Economy concept. Activities include fostering collaboration with customers to reduce plastic bag consumption while optimizing resource efficiency and promoting renewable energy. These efforts aim to achieve carbon neutrality by 2030 and reach net-zero greenhouse gas emissions by 2050.
Strategy 4 Creations-Create Capable People, Create Jobs, Create Careers, and Create Strong Communities.
The Company continues the 7 Go Together policy to promote and create diverse values for society. The strategy can be accomplished by empowering individuals, creating employment opportunities, developing careers, and fostering safe and supportive communities.Through initiatives that promote education, enhance skills, and support SMEs, farmers, and vulnerable groups, the Company serves as a guiding light and a dependable pillar for communities and society, standing by their side with care and resilience.
Strategy 1 DNA Fostering a Consciousness of Doing Good.
In the Governance and Economic Aspects, the Company continues to uphold the 7 Go Right policy, ensuring governance throughout the value chain. The Company respects human rights, upholds good governance, and actively opposes corruption. This commitment is driven through the “24-Hour Goodness DNA” initiative, featuring programs such as “A Hundred Thousand People, A Hundred Thousand Acts of Kindness” and ALL Pride 2024, which promotes diversity and inclusion
The Company prioritizes comprehensive sustainability assessment through the “Double Materiality Assessment” approach. This evaluation analyzes both financial impacts and stakeholder throughout the value chain, including human rights issues, to ensure a thorough understanding of relevant impacts and risks. The Company has strengthened the management of three emerging risk areas: 1) Preparing to integrate Generative AI in e-commerce to meet consumer demands and enhance operational efficiency, 2) Addressing the challenges of an aging society by elevating food safety standards to ensure consumer health and hygiene, and 3) Developing a roadmap to achieve carbon neutrality across the entire supply chain through reduced greenhouse gas emissions, aligned with the goals of Carbon Neutrality by 2030 and Net Zero Emissions by 2050. In addition, the Company’s journey toward achieving net-zero greenhouse gas emissions will undergo a validation process in accordance with the Science Based Targets initiative (SBTi) guidelines.
On this occasion, I would like to express my gratitude to all employees for their support and unwavering commitment to the Company’s core values. The collective efforts in driving positive change across economic, social, and environmental dimensions have been invaluable. Through setting a strong example for society, each employee plays a crucial role in guiding the Company through every challenge. With continued teamwork and unity, I firmly believe we will achieve sustainable success and fulfill our goals with resilience.
Korsak Chairasmisak
Chairman of Executive Committee CP All Public Company Limited
Korsak Chairasmisak
Chairman of Executive Committee CP All Public Company Limited
In 2024, the Company navigated multiple challenges stemming from a volatile global economy and a natural resource crisis triggered by extreme weather conditions, leading to inevitable increase in production costs. Despite these obstacles, our robust strategies and commitment to sustainability enabled us to maintain high standards and achieve remarkable success. This success was recognized through the “Sustainability Excellence” award in the “Highly Commended in Sustainability Awards 2024” category from the Stock Exchange of Thailand, as well as our continued presence in major global sustainability indices. For instances, the Company maintained the membership in the Dow Jones Best-in-Class Emerging Markets Index for the 8th consecutive year (2017-2024) and Dow Jones Best-in-Class World Index for the 7th consecutive year (2018-2024) in the Food & Staples Retailing industry. We also retained our position in the global FTSE4Good Index’s Food Retailers & Wholesalers category for the 7th consecutive year. Further validating our efforts, we received an B rating from the CDP’s climate change management assessment and an A rating from MSCI for ESG performance. These achievements not only validate our commitment to sustainable business development but also motivate us to continue advancing our initiatives.
We are committed to continuously improving our operations to deliver quality products and services, build trust with partners and customers, and enhance our competitiveness for sustainable growth. In terms of the environment, the Company prioritizes plastic waste management, the use of eco-friendly packaging, and promoting participation in environmental conservation, particularly in protecting and restoring ecosystems and biodiversity through increasing green spaces. On the social front, the Company supports and creates diverse values for society by promoting education, developing skills, supporting SMEs, farmers, and vulnerable groups, and serving as a beacon of light and a dependable resource for communities. In governance and economics, the Company respects and promotes universal human rights for all stakeholders while driving the “24-Hour Goodness DNA” initiative.
All these efforts are underpinned by good corporate governance in accordance with the Three-Benefit Principle, the core value of Charoen Pokphand Group benefiting the country, the people, and the organization sustainably.
