CP Foods makes Dow Jones sustainability index for fifth year running

Charoen Pokphand Foods’ stand at the Thaifex – World of Food Asia trade show, held in Bangkok, Thailand last May. Credit: Tom Seaman

Charoen Pokphand Foods (CP Foods), one of Thailand’s largest animal protein producers, has been named to the Dow Jones Sustainability Indices (DJSI) Emerging Markets for the fifth consecutive year, it said.

Prasit Boondoungprasert, CEO of CP Foods

Prasit Boondoungprasert, CEO of CP Foods, said the company was among 17 high profile selected companies in the food products industry group of DJSI.

Some of the achievements highlighted by the CEO included the reduction of plastic packaging by 27,000 metric tons between 2006 – 2019; shifting to renewable energy in feed, farm, and food businesses as a combined 25% of its total energy consumption; projecting to achieve a carbon footprint reduction of 25% between 2015 and 2025; and becoming one of the the first companies in the sector to conduct human rights due diligence to ensure fair labor practices.

“CP Foods believes that a successful business shall not only be able to generate high revenue but altogether the business should adhere to good governance, environmental sustainability, and giving back to our communities,” said Boundongprasert in a release.

A fortnight ago, CP Foods was also ranked 13th in the annual Coller Farm Animal Investment Risk & Return (FAIRR) Protein Producer Index, which charts the world’s most sustainable protein suppliers. Aquaculture firms dominated the top 20, with Norway’s Mowi topping the index for a second consecutive year.