CP and Toyota to join forces to study path toward carbon neutrality in Thailand

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Charoen Pokphand Group (CP) and Toyota Motor Corporation (Toyota) will explore collaboration toward carbon neutrality in Thailand. Both companies are willing to welcome any partners who share the same view.

Since its establishment in 1921, CP has been operating with the core value of three benefits: to country, to people, and to organization. CP provides accessibility to high quality products and expands its business in Thailand to a wide range of fields, including retail (such as 7-Eleven), distribution, industrial product, and agriculture & livestock. In the distribution field, CP has been supporting the lives of Thai people by transporting and delivering a variety of products through its wide-ranging operations, considering social, economic and environmental impacts and sustainability practices.

In addition, Toyota’s business in Thailand has garnered the support of a number of stakeholders including Siam Cement Group, an important local partner for Toyota, and has grown along with the development of Thai society through products, tax payment, employment and technology transfer, while overcoming a number of challenges such as the 1997 Asian financial crisis and the 2011 floods.

Akio Toyoda, President and CEO of Toyota, commented, “The two companies, both of which consider the best for Thailand and the Earth, have agreed to proceed with what we can do now, by using each company’s strengths and assets. I believe that taking this crucial step will allow us to be rewarded with the appreciation from the country, and will change the future landscape.” Dhanin Chearavanont, Senior Chairman of C.P. Group, responded, “What President Toyoda and I share is affection and gratitude to Thailand, and both of us very much want to give back to the country. I am delighted that both companies have an opportunity to jointly consider collaboration toward carbon neutrality in Thailand and welcome any companies that share the same carbon neutrality ambitions.”

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