Despite changes in the economy and society triggered by the impacts of the COVID-19 pandemic, CPF remains steadfast in our mission to promote food security for consumers across the globe. The Company also pledges to conduct business in adherence to the Three Benefits to Sustainability Principle, encompassing operating business for the benefit of the country, the people, and the Company. Meanwhile, we also focus on achieving equilibrium in the use of natural resources, while contributing to the protection and preservation of biodiversity, which is the very source of all food production. Furthermore, the Company has concerted efforts with the global community to mitigate climate change and endorse respect for human rights in all sectors. CPF’s business operations are founded on the principles of good corporate governance which serves as a key mechanism for achieving a sustainable global food system.

“Food security” is of utmost importance to CPF. The Company strives to deliver food of the highest quality to consumers and promote access to food both in normal circumstances and in times of crisis while also supporting healthy nutrition. Our efforts are based on the environmental, social and governance (ESG) principles and the United Nations Sustainable Development Goals (SDGs) that correspond with key business issues, including SDG 2 : End hunger by promoting access to food and employment while creating food sources and stability at the community, national and international levels, SDG 6 : Manage water through major watershed conservation projects, efficient water management and development of water conservation technology, and SDG 13 : Tackle climate change by announcing our commitment to the Science - Based Targets initiative (SBTi) to help businesses set climate science-based greenhouse gas reduction targets in accordance with the Paris Agreement which aims to drive organizations towards the Net-Zero Target by 2050. Meanwhile, CPF also ensures that the acquisition of raw materials for food production must comply with the Company’s Anti - Deforestation Policy and Responsible Sourcing Policy.

CPF also regards climate change and global warming as issues of crucial importance. In 2022, the Company successfully eliminated the use of coal in Thailand-based operations (100%) according to the Coal Free 2022 Target. By substituting coal with biomass energy, the consumption proportion of renewable energy accounts for approximately 30% of CPF’s total energy consumption. Accordingly, CPF ranks among top companies in the food industry with the highest proportion of renewable energy consumption. Such action has contributed to the reduction of greenhouse gas emissions by over 600,000 tons CO2 equivalent in our endeavors to accomplish the Net-Zero Target by 2050.

In the past year, CPF continued to focus on being a Food Tech Company, employing a digital business management system and implementing big data to drive the organization according to the Smart Farm – Smart Factory concept. The Company also placed emphasis on applying artificial intelligence (AI) and the Internet of Things (IoT) to manage and assess performances in real time format. As a result of our dedication to research and development, CPF has developed probiotic microorganisms to enhance the animal farming business. These probiotic microorganisms help to boost the animals’ immune system and keep them in good health from the inside out, yielding safe and high-quality products for consumers. Furthermore, CPF has also developed innovation by creating a comprehensive food safety ecosystem and using the DNA Barcode to enable extensive traceability, elevating food safety level and fostering consumer confidence.

CPF’s relentless efforts to adapt to changes have played a vital role in gaining stakeholder trust through various assessments. CPF has maintained our position on the Emerging Markets list of the Dow Jones Sustainability Indices (DJSI) in the FOA Food Products category for the eighth consecutive year, and on the FTSE4Good Emerging Index for the fifth consecutive year. In 2022, CPF has also been included in the Thailand Sustainability Investment (THIS) Index for the eighth consecutive year. Moreover, the Company has received the “Excellent” Award in the 2022 Low Carbon and Sustainable Business (LCSB) from the Thailand Greenhouse Gas Management Organization (Public Organization) as well as other awards and recognitions, such as the Superbrands Thailand 2022 Award, etc.