Charoen Pokphand Foods Public Company Limited (CP Foods), an agro-industrial and food conglomerate from Thailand recently announced that it plans to pursue ‘green’ business initiatives under the Bio Circular Green Economy (BCG) model
The company said it is actively seeking to churn out low-carbon products with an aim to reduce greenhouse gas emissions, raise green revenue and turn the company towards the direction of environmental-friendly and sustainable food production.
Kularb Kimsri, vice president, CP Foods Global Standard System, said that the company is committed to developing green products that are certified for ‘Carbon Footprint Label’ and ‘Global Warming Reduction Label’ and analysed for product sustainability under global standards.
To achieve the sustainable production goal, CP Foods said it has assessed the carbon footprints of its products since 2009, applying the life cycle assessment (LCA) best practices under ISO 14040, ISO 14044 and ISO 14067 international standards. The methodology covers life cycle stages like raw material acquisition, transportation, production, distribution, consumption and disposal.
According to CP Foods, more than 790 products have undergone carbon footprint assessment and more than 30 items have received the ‘Global Warming Reduction Label’ from the Thai Greenhouse Gas Management Organisation (Public Organisation) or TGO. These encompass chicken feed, chicken, ducks, pigs and fresh chicken and duck meat as well as pork.
The company credits the success to its efforts in continuous improvement in production efficiency, through the research and development of animal feeds that offer appropriate nutrition for animals in different stages and reduce food loss in the production process, energy efficiency enhancement, adoption of renewable energy, and sustainable packaging.
“CP Foods' focus is on the safety and nutrition of both food products for human and animal feeds. Throughout the supply chain, we have strived to develop sustainable products for emission reduction. That starts from sourcing to an increase in renewable energy ratio, the development of sustainable packaging, and transportation,” Kularb added.
CP Foods reported its revenue from green products (CPF Green Revenue) to be at 33% while the low-carbon products have reduced accumulated emissions by 1.483 million tonnes of carbon dioxide equivalent. Looking forward, CPF targets to raise revenue by green products by 40% before 2030 under the “CPF 2030 Sustainability in Action” strategy. The target is said set in line with the Bio Circular Green Economy (BCG) model.
CP Foods was also rated excellent and granted an award at the Thailand Greenhouse Gas Management Organisation (TGO)’s Low Carbon and Sustainable Business Index (LCSi) 2021, reflecting the production efficiency that has ably reduced emissions, eased global warming and delivered sustainable food products to consumers.