Charoen Pokphand Foods Plc (CPF), the SET-listed flagship of the CP Group, has announced total spending of HB 4 billion to turn all of its 323 operations green within the next three to five years.
The move is partly to address rising demand by consumers for better food safety and alleviate their environmental concerns.
But 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, the president and chief executive, said 122 units or 37.8 percent now use green energy such as co-generation or biomass or make products that have a low carbon footprint.
CPF has spent 3 billion baht in the first phase begun a few years ago and will need another 1 billion to make the other 201 subsidiaries compliant, he said.
