SAP SE (NYSE: SAP) announced Charoen Pokphand Foods Public Company Limited ("CP Foods") has selected multiple SAP solutions to drive further growth, competitive advantage, and to ensure the sustainability of their products for the future.
A leading integrated agro-industrial and food business that is one of the world's largest producers of feed, shrimp, poultry, and pork, CP Foods has operations in 17 countries and exports to more than 50 countries. Catering to more than 4 billion people globally, CP Foods is embarking on its next stage of digital transformation with RISE with SAP, SAP Sustainability Footprint Management, SAP Sustainability Control Tower, and SAP Environment Management, to future-proof its business and to gain strategic insight into the sustainability impact of its products, processes and infrastructure globally. Global Net-Zero Ambitions
In line with CP Foods' goal of becoming the "Sustainable Kitchen of the World', CP Foods is the first food processing company in the world with near- and long-term forests, lands, and agriculture (FLAG) sustainability targets validated by the Science-Based Targets Initiative (SBTi). By implementing SAP sustainability solutions to record, report, and act on real-time sustainability data, drive carbon accounting at both corporate and product level, CP Foods is looking to realize the company's Net Zero goals of reducing 42% of Scope 1 and 2 emissions and 30.3% of Scope 3 by emissions 2030 - and 90% of Scope 1 and 2 emissions and 72% of Scope 3 emissions by 2050.
"Net Zero is the only solution to climate change," noted Prasit Boondoungprasert, Chief Executive Officer of CP Foods. "It is important to us to understand and reduce our impact on the planet, so we create food that is not only safe and nutritious for people but also green and clean for the earth. Feeding our livestock, farming our food, and transporting it to people's plates incurs emissions we have to be able to record and report. With RISE with SAP and SAP sustainability solutions, we will have insight into actual emissions automated in real-time rather than relying on manual averages, allowing us to make quick, informed, and sustainable business decisions for our operations, and for the planet."
SAP will provide a technology foundation that will support CP Foods in complying with forthcoming carbon regulations in various markets, including the EU Carbon Border Adjustment Mechanism (EU C-BAM) and US SEC climate risk disclosures. Key to the reducing CP Foods's greenhouse emission will be a focus on supply chain emissions, with emissions mostly falling under Scope 3. Working with SAP Services, YASH Technologies to harness its sustainability expertise, and building on Amazon Web Services (AWS), CPF will implement SAP sustainability solutions to record and report on its Scope 1 and 2 emissions in Thailand, and select Scope 3 (3.1 and 3.4) for its feed business in Thailand covering both FLAG and non-FLAG emissions. The next phase of implementation will extend in scope to cover operations around the world. Cloud Sustainability
Paul Marriott, President of SAP Asia Pacific & Japan, said, "Sustainability is a huge opportunity for businesses across Asia. Using RISE with SAP and our sustainability solutions, CPF is not only getting ahead of forthcoming emissions regulation, it is also future-proofing its business by using data to make more sustainable decisions. It can use those insights to drive more operational efficiencies, optimise supply chains, and differentiate its business against competitors."