The Group's Sustainability Strategy and Goals towards 2030
SUSTAINABILITY MANAGEMENT
In addition to delivering value through quality products and services that meet the expectations of customers and consumers, C.P. Intertrade Co., Ltd., the International Trading Business Group C.P. Group believes that for a business to operate in a sustainable manner, it must be based upon social and environmental responsibility in accordance with the principle of Sufficiency Economy. This is illustrated through our Three-Benefit Principle, which aims to create benefits for the country, the people, and the company. We also apply the C.P. Excellence Management Approach to our business operations to consistently develop the Group’s human resources.
Furthermore, the International Trading Business Group C.P. Group is committed to operating our businesses in a sustainable manner beyond compliance of rules and regulations, and standards of the countries in which we operate. This is achieved by complying with international sustainability guidelines, such as The UN Global Compact, UN Guiding Principles on Business and Human Rights (UNGP), and UN Sustainable Development Goals (SDGs).
In 2016, C.P. Group and C.P. Intertrade Co., Ltd., the International Trading Business Group developed the Sustainability Strategy and the 2020 Goals under the 3Hs Framework, which includes HEART – Commitment to Sustainable Business, HEALTH – Commitment to SustainableSociety, and HOME – Commitment to Sustainable Environment. The Sustainability Strategy is based on the 4 elements which are reflected from the “Three-Benefit Principle,” the core of our businesses and our sustainability foundation. The Principle aims to create benefits toward the country, the people, and the company. The first element is Sufficiency Economy which can be integrated into our whole supply chain. It emphasizes that businesses must acknowledge and understand their own competency, and operate adequately and sufficiently. The second element is the C.P. Excellence Management Approach which aims at transitioning the organization through internal synergy between business, people, and mind. The third element refers to international guidelines related to sustainable business operations, including UN Global Compact, UN Guiding Principles on Business and Human Rights (UNGP), and UN Sustainable Development Goals (SDGs). C.P Group is committed to operating in accordance with such international guidelines, and supporting all of the 17 SDGs. The last element is rules and regulations, and standards of the countries in which we operate. Strict compliance with such rules and regulations, and standards are fundamental to our businesses.
More importantly, the Group focuses on operating our businesses based on good governance, transparency, accountability, and social and environmental responsibility, which is demonstrated throughout our operations. The goal is for long-term sustainability, and the highest benefits for all stakeholders.
Sustainability Strategy Framework 2021-2030
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