CP Foods sets roadmap to achieve Net-Zero target by 2050
THAILAND – Charoen Pokphand Foods Public Company Limited (CP Foods) aims to achieve a Net-Zero target by 2050 by establishing a clear roadmap of Smart Sourcing, Smart Production and Smart Consumption.
The firm embraces innovation and cutting-edge technology to increase efficiency and optimize production costs in a bid to reduce the environmental footprint in sourcing, production, and consumption processes.
Peerapong Krinchai, Executive Vice President – Corporate Engineering at CP Foods, said: “The company has taken proactive strategies to reduce greenhouse gas emissions throughout the value chain, starting from Smart Sourcing, a responsible sourcing of agricultural raw materials.
“Under our policy, we only source deforestation-free materials to protect biodiversity. In the production process, we are transitioning toward a Smart Production, improving productivity and efficiency through automation and digitization. Lastly, Smart Consumption, CP Foods strives to develop low-carbon products”
Within 2030, CP Foods targets to raise revenue from green products by 40% as the current revenue from green products accounted for around 34% of the total revenue in 2022, helping to reduce greenhouse gas emissions by 1.483 million tons of carbon dioxide equivalent per year.
The company has also made significant progress on sustainable packaging commitment to achieve 100% sustainable packaging, all packaging will be recyclable, reusable, or disposable. So far, the implementation has been 99.9% completed.
CP Foods expects to reach a 100% sustainable packaging goal by 2025 for Thai businesses and by 2030 for overseas businesses
In addition, the firm has promoted the use of renewable energy. At present, CP Foods is among the top 5 food companies with the largest percentage of renewable energy used.
Twenty-seven percent of the total energy consumption in CP Foods comes from renewable sources such as biogas, biomass and solar energy.
These green power sources enable the company to reduce total greenhouse gas emissions of 680,000 tons of carbon dioxide equivalent per year, equivalent to planting 73 million trees.
Peerapong added that the company is the first Thai company that announces the target to phase out coal within this year.
Biomass energy from wood chips has been used as a coal-replacement material, reducing GHG emissions by 190,000 tonnes of CO2 equivalent per year.
He noted: “Innovations have played a critical role in the net-zero effort. Biogas provides 70% of the energy used in CP Foods Laying hen complex and 50% used in swine farms.
“Moreover, 65 MW of electricity will be generated from solar power within 2023. The company expects to attain 100 MW generation capacity by 2025.”
Aside from renewable power sources, CP Foods is considering the potential to use “Green Hydrogen” which is the future of energy and clean.
To achieve Net-Zero, CP Foods working committee on climate change has collaborated with Science Based Target Initiatives to launch a roadmap for reducing GHG footprint from operations worldwide, using 2020 as a base year.
For all the latest packaging and printing industry news from Africa and the World, subscribe to our NEWSLETTER, follow us on Twitter and LinkedIn, like us on Facebook, and subscribe to our YouTube channel.
Be the first to leave a comment