Thaifoods Group PCL

TFG:TB TH6717010008
Key Information
HQ:
Thailand
Market Cap:
$0.87bn
Primary Market:
Asia



Company Information

Company Summary

Thaifoods Group is an integrated food production company. Its business comprises poultry, egg, swine and animal feed in Thailand and Vietnam. Its poultry business involves chicken breeding, chicken meat production and sales, and sale of day-old chicks, live chickens and processed chicken. Its swine business involves pig breeding and the sale of live pigs and pork meat. It also operates several feed mills that produce feed for animals, which is primarily used in the raising of its chickens and pigs but is also sold to third-party customers.
Thaifoods Group

Revenue

Total revenue:

$1.1bn

Revenue by Geography

Revenue by Protein

Revenue by Product Type

Note: This financial breakdown is based on Annual reports released in 2022, containing, in most cases, FY2021.


Disclosures

CDP ScoresLast Reviewed: 11/10/2023

CDP ClimateCDP ForestsCDP Water
-NoNo

Science Based Target InitiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
Has not set SBT--

Coller FAIRR Protein Producer Index

Analysis Overview

Index-Radar-2023
Greenhouse Gas Emissions Deforestation & Biodiversity Water Use & Scarcity Waste & Pollution Antibiotics Animal Welfare Working Conditions Food Safety Sustainability Governance Alternative Proteins

Analysis Breakdown

Risk Score

18/100
High Risk



Greenhouse Gas Emissions

6/100

Scope 1, 2 & 3 Target
5/100
Type of Target
0/3
Strength of Target - Non-SBT
0.25/2
Source(s): Annual Report 2022, page 21; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 21, 28, 33, 34

Innovation on GHG Emission Reduction
0/100
Innovation to Reduce Agriculture Emissions
0/1
Feed Farming Innovation
0/2
Animal Farming Innovation
0/2
Source(s): Annual Report 2022, page 54

Quality of GHG Inventory
19/100
Quality and scope of GHG inventory Completeness
0.94/1.5
Feed & Animal Farming Emissions
0/2
Transparency of GHG Inventory
0/1.5
Source(s): Thaifoods Group Pcl Sustainability Report 2022.pdf, page 34

Emissions Performance
0/100
Overall Emission Performance
0/5
Source(s): Thaifoods Group Pcl Sustainability Report 2022.pdf, page 34

Climate-related Scenario Analysis
5/100
Climate-related Scenarios Analysis Conducted
0/1
Disclosure of Analysis Results on Material Risks
0.25/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Annual Report 2022, page 21; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 34



Deforestation & Biodiversity

9/100

Deforestation/Conversion-free Target - Soy for Animal Feed
0/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0/3.25
Transparency - Progress Against Commitment
0/1.25
Source(s): Annual Report 2022, page 21

Engagement, Monitoring & Traceability - Soy for Animal Feed
18/100
Supplier Engagement
0.9/1.25
Compliance monitoring & Traceability
0/3.25
Feed Innovation
0/0.5
Source(s): Annual Report 2022, page 21, 51, 54; Sustainability Report, page 25; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 7, 21



Water Use & Scarcity

4/100

Water Use & Scarcity in Facilities
13/100
Monitoring Water Consumption & Withdrawals
0.25/0.75
Target to Reduce Water Consumption & Withdrawals
0/1
Disclosure & Performance of Water Risks in Facilities
0.38/3.25
Source(s): Sustainability Report 2022, page 62; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 14, 20, 31, 59, 62

Water Use & Scarcity in Feed Farming
0/100
Supplier Engagement in Water Use in Feed Farming
0/2.5
Disclosure of Water Risks in Feed Farming
0/2.5
Source(s): Sustainability Report 2022, page 25

Water Use & Scarcity in Animal Farming
0/100
Supplier Engagement in Water Use in Animal Farming
0/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): Annual Report 2022, page 17



Waste & Pollution

12/100

Wastewater at Facilities
20/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.5/1.5
Transparency on Water Pollution Risks
0/2
Performance on Wastewater Quality & Volume Discharged
0.5/1.5
Source(s): Annual Report 2022, page 31; Sustainabilty Report 2022, page 20; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 20, 32, 33, 59

Nutrient Management in Feed Farming
0/100
Supplier Engagement in Nutrient Pollution Risks
0/4
Innovation to Improve Nutrient Management in Feed Farming
0/1
Source(s): Sustainability Report 2022, page 25; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 29

Manure Management in Animal Farming
17/100
Disclosure of Pollution Risks from Manure
0.25/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0.6/2.25
Source(s): Sustainability Report 2022, page 31; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 33, 59



Antibiotics

50/100

Policy on Antibiotics Use
100/100
Policy on Antibiotics Use
5/5
Source(s): Annual Report 2022, page 22; Sustainable Finance Framework 2021, page 2, 5, 16

Disclosure of Quantity of Antibiotics Used
0/100
Disclosure of Quantity of Antibiotics Used
0/5
Source(s):



Animal Welfare

8/100

Animal Welfare Policy
5/100
Welfare Policy
0.25/2
Key Welfare Issues
0/3
Source(s): Annual Report 2022, page 24, 45, 55; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 27, 42

Assurance & Certification
20/100
Auditing & Assurance by an Animal Welfare Organisation
1/4
Public Reporting on Welfare
0/1
Source(s): Annual Report 2022, page 24

Performance on Key Material Risks
0/100
Performance on Key Material Welfare Risks by Protein
0/5
Source(s):



Working Conditions

32/100

Human Rights
20/100
Strength of Policy
0.5/1
Due Diligence Process
0.5/3
Evidence of Remediation
0/1
Source(s): Annual Report 2022, page 49, 59, 61, 87; Sustainable Finance Framework 2021, page 5; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 18, 35, 36, 61

Fair Working Conditions
42/100
Policy for Direct Operations
1.6/3
Monitoring & Discosure
0.5/2
Source(s): Annual Report 2022, page 49, 58, 59, 61, 93; Labour and Human Right Policy 2021 (1).pdf; TFG Business Partner Ethics.pdf, page 1, 2; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 18, 24, 35, 57, 59

Safety & Turnover Data
65/100
Committee representation of workers
0.5/2
Disclosure of safety and turnover data
2.75/3
Source(s): Thaifoods Group Pcl Sustainability Report 2021.pdf, page 71; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 42, 43, 61

Freedom of Association
0/100
Strength of Policies
0/3
Disclosure of Collective Bargaining Metrics
0/2
Source(s): Labour and Human Right Policy 2021 (1).pdf, page 2; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 60



Food Safety

20/100

Food Safety System
20/100
Certifications
1/3.5
Performance
0/1.5
Source(s): Annual Report 2022, page 24, 56, 66; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 25

Product Recalls & Market Bans
20/100
Product Recall Systems
0/3
Performance
1/2
Source(s): Thaifoods Group Pcl Sustainability Report 2022.pdf, page 22



Sustainability Governance

23/100

Assessment of a Company's Sustainability Governance
23/100
Board Sustainability
0.88/2
Incentives & Policy Engagement
0/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): Annual Report 2022, page 3, 54, 94, 120, 123, 240, 251; Sustainability Report 2022, page 31, 50; Thaifoods Group Pcl Sustainability Report 2022.pdf, page 14, 23



Alternative Proteins

10/100

Diversification of Products to Alternative Protein Sources
10/100
Existing product portfolio
0.25/2.5
Investing for future growth
0.25/2.5
Source(s): Annual Report 2022, page 50; Asian Agri Biz Article Webpage; Sustainable Finance Framework 2021, page 5

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