Charoen Pokphand Foods PCL
Key Information
HQ:
Thailand
Market Cap:
$6.33bn
Primary Market:
Asia
Business Type:
Protein Producer
Waste & Pollution Engagement
Analysis Overview
Risk Assessment Value Chain Coverage Risk Mitigation Circularity Company Engagement
Summary
CPF has developed 'environmentally friendly feed' which reduces the quantity of nitrogen excreted by poultry and pork. The feed reduces nitrogen excretion from pork by 20-30%, and 12-13% for layer hens.
Analysis Breakdown
Risk Assessment
Medium
Coverage of water quality risk assessment
CP Foods discloses that it conducts water-related risk assessments using the WRI Aqueduct Water Risk Atlas, including assessments of water quality at the basin/catchment level for its direct operations.
The company mentions that it has assessed its dependence on ecosystem services and the impact drivers from its business on nature, and it has used ENCORE to assess the level of materiality of each issue. The company has also conducted a biodiversity risk screening for 351 sites in Thailand.
The company has not provided details about which specific sites or regions are located in areas with high and medium water stress from a water quality perspective.
Transparency and disclosure of water quality indicators
The company discloses the BOD and Nitrogen quantities discharged and disaggregates this by Thailand and overseas regions. The company used to disclose this information by country. The company does not disclose this data for water discharged in priority water bodies specifically.
The company mentions one case of non-compliance with wastewater regulation.
The company discloses that its water-related CAPEX increased by 5% in the last financial year, and water-related OPEX increased by 1.5% in the same period. The company anticipates a 1.5% increase in both OPEX and CAPEX moving forward.
Recognition of nutrient pollution risk on biodiversity
The company mentions its dependencies and impacts on water quality and pollution. The company also links this to its management relating to water quality.
The company mentions that the biodiversity risk screening it conducted for 351 of its sites revealed that one swine farm, covering 117 hectares in Chiang Mai, posed a biodiversity risk due to its proximity to key biodiversity areas. However, the company does not explicitly mention how nutrient pollution impacts this area.
Value Chain Coverage
Poor
Inclusion of upstream feed and livestock suppliers in risk assessment
The company states that it undertakes a risk mapping of direct operations to identify potential water-related risks in the specific area covering water scarcity and water pollution.
The company has conducted an assessment using ENCORE to assess the materiality of each risk. In the impacts drivers on nature section, the company mentions that pollution has a "medium" risk impact for its raw agricultural sourcing and "very low" risk for its feed business. The company might be including feed farming in its raw agricultural sourcing category and feed processing in its "feed" category.
Downstream use of manure by animal feed suppliers
The company provides organic fertiliser and soil amendments, which are made from manure and byproducts, to local farmers. However, this does not seem to include farmers who supply feed to the company.
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 discloses that 5.22 million cubic meters of treated wastewater were sent to farmers for agricultural use.
The company uses sludge from wastewater treatment ponds to produce biogas, which generates electricity for some facilities. This practice is limited to specific sites.
It is unclear from the company's disclosure whether it supports contracted livestock farms in biogas capture.
The company does not disclose the % of owned sites with covered lagoons.
Target-setting for water quality
The company discloses its use of WRI and mentions that the tool enables it to identify areas with water stress, allowing it to prioritise water management and conservation efforts accordingly. The company lists some measures, but it is unclear which ones are implemented in which sites.
Support to third-party suppliers
The company has a 'Treated Water Bio-Fertiliser Sharing' project. In this project, treated wastewater is provided to local farmers for irrigation of their crops. The company does not mention whether it supports local farmers with agronomic technical expertise to apply fertiliser, thereby minimising pollution risks.
The company states that it extends support to its feed suppliers by promoting agricultural knowledge and good farming practices. The training covers various topics, including soil nutrient analysis, post-harvest management, and methods to boost productivity. However, the % of farmers engaged is not disclosed.
The company has developed 'environmentally friendly feed' which reduces the quantity of nitrogen excreted by poultry and pork. The feed reduces nitrogen excretion from pork by 20-30%, and 12-13% for layer hens.
Circularity
Poor
Pilot projects around nutrient circularity
The company discloses the treatment of manure and animal waste with anaerobic digestors. However, it does not provide information about the quality of the end product.
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
Poor
Level of company engagement with the coalition
The company did not engage with the investor signatories.
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Workstream Information
Index Waste & Pollution Score:
34/100
Assessed Proteins:
Poultry and eggs, Pork, Aquaculture
Current Stage:
Progress report published
Key Dates
Last Updated:
25 September 2025
Upcoming webinar
2 December 2025
2025/26 Resources
Phase 3 | Investor Briefing Pack Waste & Pollution Engagement