Mitr Phol Group, the world’s second-largest sugar producer and a pacesetter in sustainable improvement throughout the agro-industrial sector in Thailand, has lately been ranked second globally for sustainable development in the food manufacturing trade in the latest Corporate Sustainability Assessment (CSA) performed by S&P Global.
This marks the fifth consecutive yr that Mitr Phol Group has been included within the rankings, having climbed from 17th of their first evaluation year to second amongst 353 taking part organisations this time round. This vital achievement demonstrates the Group’s dedication to reaching international sustainability requirements, maintaining transparency, and adhering to the identical standards as main companies listed on the Stock Exchange of Thailand (SET) and international enterprises.
A testomony to Mitr Phol Group’s sixty six yr long success, the esteemed rating highlights the organisation’s focus on sustainable improvement that meets international benchmarks while securing international recognition in economic, social, and environmental spheres. This, in turn, helps the sustainability of all their operations.
Buntoeng Vongkusolkit, Chairman of Mitr Phol Group, emphasised the significance of developing sustainability for society, the surroundings, and all associated parties in the modern business landscape. He additional said that, in pursuing organisational sustainability, it is important not solely to focus on enterprise progress but to also prioritise the welfare of all stakeholders, including sugarcane farmers, partners, customers, communities, society, and employees, reports Bangkok Post.
Operating a sustainable business contributes to constructing competitiveness and dealing with surprising modifications. As an agro-industrial enterprise, Mitr Phol Group seeks to profit all stakeholders by promoting sustainable growth, driven by digital know-how and innovation adoption alongside the business worth chain.
Recognising the agricultural sector’s potential to contribute to meals safety and prolong into offering green power and bio-based products that cater to each industrial and consumer needs, the Group has prioritised the event of uncooked materials throughout the value chain. This focus ensures that the cane and sugar produced keep high quality standards for use as bio-based uncooked materials. Subsequently, Mitr Phol Group lately grew to become the primary company in Thailand to obtain Bonsucro EU-RED certification, indicating that its ethanol manufacturing aligns with the European Union’s sustainability necessities.
In line with the United Nations Sustainable Development Goals (SDGs), Mitr Phol Group stays devoted to promoting sustainable improvement in all financial, social, and environmental aspects. The group adheres to international sustainability evaluation criteria akin to the Dow Jones Sustainability Indices (DJSI).
Dependable noticed Mitr Phol Group attaining greater scores across all classes, encompassing financial aspects such as provide chain management and guaranteeing transparency in business operations. Social elements embody the event and care of stakeholders’ high quality of life, and the Group aims to turn out to be a carbon-neutral organisation by 2030 within the environmental facet, concentrating on web zero greenhouse fuel emissions by 2050..