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CP Foods

OVERALL

Owned
THA
Rating
Praises, some criticism

Agro-Industrial and food conglomerate

Largest agro-industrial and food conglomerate business in Thailand. Vertically integrated business incorporating feed, farm and food businesses. Export to 40 countries in 5 continents. Cooked and processed food is marketed internationally under the CP and Authentic Asia brands.

Company Ownership

Charoen Pokphand Foods PCL   THA     website   email      
  Charoen Pokphand Group Co. Ltd   
   owns 100% of Charoen Pokphand Foods PCL  
THA     website   email   facebook   

Transnational conglomerate

Founded in 1921. Transnational conglomerate operating in agribusiness and food, retail and distribution, and telecommunications through 200 subsidiaries in 18 countries.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Charoen Pokphand Foods PCL
Business Ethics 85/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 85/100 in the Food Products category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
Environment CDP Forests Score of B
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts towards removing commodity-driven deforestation and forest degradation from its direct operations and supply chains. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Forests Score of B.
Source: CDP (2022)
Environment CDP Climate Change Score of B
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of B.
Source: CDP (2022)
Social CDP Water Security Score of B-
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security Score of B-.
Source: CDP (2022)
Social Slave labour
A 6 month investigation by the Guardian found that this company buys fishmeal, which it feeds to its farmed prawns, from some suppliers that own, operate or buy from fishing boats manned with slaves.
Source: The Guardian (2014)
Business Ethics Sustainability claims
This company has a number of sustainability claims on its website in the areas of food security, self-sufficiency and balance of nature.
Source: company website (2015)
Social Modern Slavery disclosure quality
Human Rights Law Centre's 2022 report, "Broken Promises: Two years of corporate reporting under Australia's Modern Slavery Act", examines statements submitted to the Government's Modern Slavery Register by 92 companies sourcing from four sectors with known risks of modern slavery: garments from China, rubber gloves from Malaysia, seafood from Thailand and fresh produce from Australia. Modern slavery statements are analysed to see if they comply with the mandatory reporting requirements, identify or disclose obvious modern slavery risks, and demonstrate effective actions to address risks. This company's modern slavery disclosure statement received a rating in the 41-60% range. The average score was 44% and the highest score was 89%.
Source: Human Rights Law Centre (2022)
Business Ethics FAIRR Protein Producer Index
The Coller FAIRR Protein Producer Index is a comprehensive assessment of how this sector is managing critical sustainability risks factors: GHGs; deforestation and biodiversity; water scarcity; water pollution; antibiotics; animal welfare; working conditions; food safety. This company was rated as medium risk.
Source: FAIRR (2021)
Charoen Pokphand Group Co. Ltd
Environment CDP Climate Change Score of A-
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of A-.
Source: CDP (2022)
Animals Tier 3 in farm animal welfare rankings
The 2021 Business Benchmark on Farm Animal Welfare (BBFAW) report ranks global food companies on how they are managing and reporting their farm animal welfare policies and practices. This company appeared in tier 3, "Established but work to be done", with tier 1 being the best, and tier 6 the worst.
Source: BBFAW (2021)
Environment Supply chain practices in China
This company received a score of 0.8/100 (retrieved 10-Oct-2020) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
Source: IPE (2020)
Social Access to Seeds Index
The Access to Seeds Index evaluates and compares seed companies according to their efforts to improve access to quality seeds of improved varieties for smallholder farmers. This company received a score of 1.32/5.
Source: Access to Seeds Index (2019)
Environment Climate action commitments
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
Source: We Mean Business (2021)
Business Ethics Rural Lives Development Foundation
Established in 1987. Foundation activities include human resource development and career promotion; the development of community and quality of life; and the revitalization and conservation of natural resources and environment.
Source: company website (2015)
Business Ethics Sustainability claims
This company has Shared Values claims on its website in the areas of environment, education, and social.
Source: company website (2015)
Environment 41% in Forest 500 Rankings
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 41%.
Source: Forest 500 (2021)
Business Ethics Seafood Stewardship Index
The Seafood Stewardship Index presents an overall ranking based on the results in five measurement areas: governance; supply chain stewardship; ecosystems; human rights and working conditions; and local communities. This company received a score of 2.32/5.
Source: World Benchmarking Alliance (2020)
Business Ethics 35.2% in Food and Agriculture Benchmark
The 2021 Food and Agriculture Benchmark assessed 350 keystone companies across the entirety of the food system, from farm to fork. It covers three dimensions where transformation is needed: nutrition, environment and social inclusion. This company ranked #59/350, with a total score of 35.2/100.
Source: World Benchmarking Alliance (2021)

> About the Icons

Company Details

Type Public company
Revenue 426 billion THB (2014)
Employees 107,562 (2014)
Subsidiaries Bellisio Foods Inc 

Food manufacturer

Makers of easy meals including their flagship brand Michelina's. In Dec 2016 Thai food giant CP Foods acquired the company from a US private equity firm for US$1bn.


CP Merchandising Co Ltd 

Packaged Asian food

Processed and packaged light food and meals sold under the CP and Authentic Asia labels.

Contact Details

Address Bangkok, Thailand
Website www.cpfworldwide.com/en

Products / Brands

Bellisio
Michelina's Frozen Meals/Pizza

CP Merchandising
Authentic Asia Frozen Meals/Pizza
Meiji Asian


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