CP Foods is also ranked the third best in the world on the overall score, displaying a strong performance in most of the sustainability areas.
© CP Foods
According to the SSI report, CP Foods stands out as one of the most transparent companies in the index regarding its sustainability reporting and company-wide policies. It praised the company for its transparency and a robust mix of social and environmental commitment with a measureable progress. Being placed as an industry’s leader reflects the company's commitments to producing quality foods from highly responsible sources with a minimal impact on society and the environment.
Dr Sujint Thammasart, DVM, Chief Operating Officer – Aquaculture Business of CP Foods, said the company has committed that all products are made from sustainable and slavery-free sources throughout supply chain. Moreover, the operations are governed by policies, such as CP's human rights policy, employment and labour management policy, sustainable sourcing policy and supplier guiding principle. Particularly, the company has made a statement on slavery and human trafficking to report its progress in human rights works, covering both the company’s operations and supply chains.
The company tops its peers in supply chain stewardship, as a result of commitments toward improving product traceability, responsible sourcing and environment footprint mitigation. Further, it is an industry leader in human rights and working conditions.
The report noted that a grievance management process has made the company standout of its peers. Labour Voices Hotlines has provided a hotline service in Myanmar, Cambodian, and Thai to ensure that all workers, regardless of nationality, can gain access to this hotline channel for voicing grievances, or seeking assistance in a timely manner.
Dr Sujint added that 100 percent of fishmeal sourced and used for Thailand operations has come from sources certified by the IFFO Responsible Supply (IFFO RS), an internationally recognised standard for marine ingredients. The company extended good practices to its overseas aquaculture operations in Vietnam, India and the Philippines. CP Foods also has been in active collaboration with IFFO RS to develop the assessment criteria for responsible multispecies fisheries in South and Southeast Asia.
“It is important to note that the company have never been an operator nor owner of any fishing vessel. However, as one of the world’s biggest shrimp feed producers, we are committed to promoting sustainability in the seafood industry to address various concerns including marine resource degradation, unfair labour practices, human rights violation, and impacts on the community from IUU fishing,” Dr Sujint stressed.
