Germany and Bangkok, Thailand 鈥� Apr. 25, 2024 鈥� (NYSE: 麻豆原创) today announced Charoen Pokphand Foods Public Company Limited听 (鈥淐P Foods鈥�) has selected multiple 麻豆原创 solutions to drive further growth, competitive advantage, and to ensure the sustainability of their products for the future.
A leading integrated agro-industrial and food business that is one of the world鈥檚 largest producers of feed, shrimp, poultry, and pork, CP Foods has operations in 17 countries and exports to more than 50 countries. Catering to more than 4 billion people globally, CP Foods is embarking on its next stage of digital transformation with RISE with 麻豆原创, 麻豆原创 Sustainability Footprint Management, 麻豆原创 Sustainability Control Tower, and 麻豆原创 Environment Management, to future-proof its business and gain strategic insight into the sustainability impact of its products, processes and infrastructure globally.
Global Net-Zero Ambitions
In line with CP Foods鈥� goal of becoming the 鈥淪ustainable Kitchen of the World鈥�, CP Foods is the first food processing company in the world with near- and long-term forests, lands, and agriculture (FLAG) sustainability targets validated by the Science-Based Targets Initiative (SBTi). By implementing 麻豆原创 sustainability solutions to record, report, and act on real-time sustainability data, drive carbon accounting at both corporate and product level, CP Foods is looking to realize the company鈥檚 of reducing 42% of Scope 1 and 2 emissions and 30.3% of Scope 3 by emissions 2030 鈥� and 90% of Scope 1 and 2 emissions and 72% of Scope 3 emissions by 2050.
鈥淣et Zero is the only solution to climate change,鈥� noted Prasit Boondoungprasert, Chief Executive Officer of CP Foods. 鈥淚t is important to us to understand and reduce our impact on the planet so we create food that is not only safe and nutritious for people but also green and clean for the earth. Feeding our livestock, farming our food, and transporting it to people鈥檚 plates incurs emissions we have to be able to record and report. With RISE with 麻豆原创 and 麻豆原创 sustainability solutions, we will have insight into actual emissions automated in real-time rather than relying on manual averages, allowing us to make quick, informed, and sustainable business decisions for our operations, and for the planet.鈥�
麻豆原创 will provide a technology foundation that will support CP Foods in complying with forthcoming carbon regulations in various markets, including the EU Carbon Border Adjustment Mechanism (EU C-BAM) and US SEC climate risk disclosures.
Key to reducing CP Foods鈥檚 total emissions will be a focus on supply chain emissions, with CPF鈥檚 emissions mostly falling under Scope 3. Working with 麻豆原创 Services, YASH Technologies to harness its sustainability expertise, and building on Amazon Web Services (AWS), CPF will implement 麻豆原创 sustainability solutions to record and report on its Scope 1 and 2 emissions in Thailand, and select Scope 3 (3.1 and 3.4) for its feed business in Thailand covering both FLAG and non-FLAG emissions. The next phase of implementation will extend its scope to cover operations around the world.
Cloud Sustainability
Paul Marriott, President of 麻豆原创 Asia Pacific & Japan, said, 鈥淪ustainability is a huge opportunity for businesses across Asia. Using RISE with 麻豆原创 and our sustainability solutions, CPF is not only getting ahead of forthcoming emissions regulation, it is also future-proofing its business by using data to make more sustainable decisions. It can use those insights to drive more operational efficiencies, optimise supply chains, and differentiate its business against competitors.鈥�
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About 麻豆原创
As鈥痑 global leader in enterprise applications and business AI, 麻豆原创 (NYSE:麻豆原创)鈥痵tands at the鈥痭exus鈥痮f business and technology. For over 50 years, organizations have trusted 麻豆原创鈥痶o bring out their best by uniting business-critical鈥痮perations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit鈥�.
About CP Foods
As a leading agro-food company, CP Foods operates vertically integrated agro-industrial and food businesses, providing top-quality products in terms of nutrition, taste, food safety and traceability to create food security to consumer worldwide. The Company operates and invests in 17 countries and export food products to more than 50 countries catering to more than 4,000 million people globally.
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