June 13, 2012
Charoen Pokphand Foods to invest in green conversion
Charoen Pokphand Foods Plc (CPF) is planning an investment of THB4 billion (US$127 million) for green conversion efforts in order to convert its 323 operations within the next three to five years.
The move is partly addressed to rising demand by consumers for better food safety and the alleviation of environmental concerns and it is also to comply with global requirements, especially in the EU, which is expected to enforce carbon labelling and footprint requirements in the coming years.
Adirek Sripratak, CPF president and CEO, says 122 units of 37.8% now use green energy, such as cogeneration orbiomass or make products that have a low carbon footprint.
CPF has spent for the first phase a few years ago and will need more funding to make other subsidiaries compliant.
To date, more than 100 individual CPF products have received the carbon footprint label.