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.

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

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. LRQAs 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

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 committed to sustainability,
the organisation also recognizes the
importance of sustainability reporting and
complying with international standard
and guidelines. Sustainability reporting
is the process whereby companies report
on their non-financial performance.
These reports allow organisations
to demonstrate to stakeholders the

Improving performance,
reducing risk

impact their activities are having on the

environment, society and sustainability,
which are vitally important to its
reputation and contribute to the
overall success of the business.
In recognition of LRQAs reputation,
CPF approached LRQA in2013 to
undertake a Sustainability Report (SR)
verification audit. LRQAs proven track
record of working with high-profile
clients spanning a variety of sectors
and the competency of its project
team - who has participated in Global
Reporting Initiative (GRI) Sustainability
Reporting Guidelines working groups
to produce the GRIs Technical Protocol
(a publication of process guidance
on how to define the content of a
sustainability report) assured CPF
that LRQA has the knowledge and
expertise to help and meet CPFs
requirements and organisational
objectives.
CPF and Sustainability
CPF obtained their first SR verification in
2013. The verification audit that LRQA
provided was executed on the basis of
the sustainability reporting guidelines
GRI-G3.1, provided by the GRI (Global
Reporting Initiative).
In May 2013, GRI launched its fourth
generation Sustainability Reporting
Guidelines (G4). CPF continues to see
the added benefit of sustainability
verification as well as the partnership
with LRQA which has helped the
organisation to demonstrate to their
customers that their management

is fully committed to sustainability

governance continual improvement.
Working with LRQA, the CSR&SD
Committee team embarked on an
operation that focussed on identifying
processes, procedures and associated
documentation areas to work towards
adapting and implementing to the
new reporting guidelines. With its
strong management commitment,
CPF achieved their SR verification
again in 2014 and 2015 through
LRQA. Verification of the CPFs report,
information and data by LRQA will
give CPF the assurance that their report
contains the right material and that
the data systems on which their reports
rely on are robust and reliable. LRQA
also supported by delivering tangible
benefits to CPF via its range of services,
sector specific technical experts and a
client centric approach.
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. LRQAs 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.
Benefits
The fruits of CPF efforts are illustrated
in the companys recognition at both
the national and international levels.
Some of its recent accolades include:

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.

Dow Jones Sustainability Indices: DJSI

2015 - as a membership of Dow Jones
Sustainability Indices for the 2015 DJSI
Emerging Markets Index for the FOA
Food Products industry.
Thailand Sustainability Investment
Award 2015 from the Stock Exchange of
Thailand.
Sustainability Report Award 2015
for Outstanding Report from Thai
Listed Companies Association, The
Office of the Securities and Exchange
Commission, Thaipat Institute, which
was recently held at the Stock Exchange
of Thailand.
29 CSR-DIW Continuous Awards and
1 CSR-DIW Award from the Ministry of
Industry Thailand
Moving Forward
Food quality and safety lies at the heart
of the CPF. The company will continue
to develop innovations to produce
high quality products in a safe manner
to their consumers while keeping in
mind the environmental and social
impacts throughout its value chains to
contribute to the sustainability of its
business and society as a whole.
About LRQA
LRQA is a recognised, world leading
professional assurance services
organisation. We specialise in
management systems compliance and
expert advice across a broad spectrum
of standards, schemes and customised
assurance programmes.
We unlock the power of management
systems to improve organisational
performance and reduce risk through
our extensive range of training and
assessment services.

For more information about LRQAs range of assessment and training services, please
visit www.id.lrqa.com or email enquiries.id@lrqa.com
www.id.lrqa.com
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