Charoen Pokphand Foods PCL
CPF:TB TH0101A10Z01
Key Information
HQ:
Thailand
Market Cap:
$5.31bn
Primary Markets:
Asia, Europe & Russia
Waste & Pollution Engagement
Analysis Overview
Risk Assessment Value Chain Coverage Risk Mitigation Circularity Company Engagement
Analysis Breakdown
Risk Assessment
Poor
Coverage of water quality risk assessment
The company has conducted a biodiversity risk screening across its operational sites in Thailand. The company discloses any of its operations located within a 2-5 km of a critical biodiversity area must have a biodiversity management plan, whose mitigation steps include "avoidance, minimise, restore, offset and contribution". The company describes the tools used to identify critical areas, but it does not disclose further information about biodiversity risks from pollution.
The company mentions using the WRI Aqueduct tool annually to assess the baseline water stress of its operating areas. In addition to the Aqueduct tool, the company also determines water-related risks considering both water scarcity in areas where operations are located and the business impact of such operations. It´s not clear whether the focus of the risk assessment is only on water scarcity or whether it includes water quality as well.
Transparency and disclosure of water quality indicators
The company discloses the average BOD and Nitrogen values for its livestock business in Thailand. The company also discloses that it had two incidents of non-standard of discharged water in 2022.
Recognition of nutrient pollution risk on biodiversity
The company has included biodiversity in its list of material topics, and it has conducted a biodiversity risk assessment. The company has identified the operations located in areas with critical biodiversity and defines biodiversity risk mitigation plans for these sites. However, the company does not disclose the impact of nutrient pollution in these areas.
The company also mentions that it aims to improve wastewater quality beyond compliance requirements. However, the company does not provide the specific details of the goal. It mentions all the effluents are monitored to ensure that national effluent standards are met.
Value Chain Coverage
Poor
Inclusion of upstream feed and livestock suppliers in risk assessment
The company mentions its feed business is included in its biodiversity risk assessment, but it´s not clear whether this includes feed farms or just feed processing facilities.
Downstream use of manure by animal feed suppliers
The company produces fertiliser from its animal waste and manure. The company mentions fertiliser is used by local communities, but it does not provide additional information on whether it´s used as well by feed suppliers.
Acknowledgment of regulatory risks
The company does not disclose information.
Transparency on non-compliance from suppliers
The company does not disclose information.
Risk Mitigation
Medium
Biogas generation and organic fertilisers from animal waste
The company produces biogas from manure and wastewater from processing facilities. The company mentions it has supported contract farmers in installing biogas systems and using biogas from swine farming. Apart from creating biogas from waste, the company turns manure into fertiliser. The company mentions that it produced 150 tons of organic fertiliser in 2022.
Target-setting for water quality
The company does not disclose information.
Support to third-party suppliers
The company mentions it gives fertiliser to local communities but it does not mention whether it supports local farmers with agronomic technical expertise to apply fertiliser to minimize pollution risks.
The company does not have a plan, but it has developed a feed which improves nutrient absorption and digestion. The company mentions that feed reduces excess nitrogen from swine and chicken excretions by 20-30% and 12-13%, respectively.
Circularity
Poor
Pilot projects around nutrient circularity
The company does not disclose information.
Disclosure of investment in circular solutions
The company does not disclose information.
Targets to increase share of manure under circular initiatives
The company does not disclose information.
Company Engagement
Good
Level of company engagement with the coalition
The company provided a timely response to the investor letter. It did not respond to the engagement questions. The company met with investors within the engagement period and provided feedback on FAIRR´s assessment.
Workstream Information
2023 level
Poor
Index Waste & Pollution Score:
23/100
Assessed Proteins:
Poultry and eggs, Pork, Aquaculture
Last Updated:
28 June 2023
2023/24 Resources
Phase 1 | Key Findings Report Waste & Pollution Engagement