Century Pacific Food, Inc. | Council for Inclusive Capitalism

Century Pacific Food, Inc. (CNPF) is one of the largest branded food and beverage companies in the Philippines focused on providing affordable nutrition to its broad consumer base. The company appeals to majority of the population with its wide roster of brands that range from value-for-money all the way to affordable premium. CNPF has a downstream focus with expertise in developing, manufacturing, distributing, and marketing packaged food products.

The bulk of the Company's sales is derived from the Branded Business, composed of Marine, Meat, Milk, and Other Emerging segments. This caters predominantly to the domestic market. A smaller part of the business is geared towards Tuna and Coconut OEM (Original Equipment Manufacturer) for the international market.

Purpose

Affordable Nutrition

We are a sustainable and responsible global company of entrepreneurs that nourishes and delights our consumers with healthier food and beverages through our manufacturing excellence, nutrition expertise, trusted brands, and passionate people.

“Essential to our strategy going forward is our sustainability and ability to balance the needs of all our stakeholders. We believe that sustainability – whether coming up with healthier products, taking care of our people and communities, or being good stewards of our resources – is essential to our longevity. We believe our commitment to responsible business will change the complexion and character of our business in a good way and will future-proof our enterprise.”

– Chris Po, Executive Chairman, and Ted Po, President & Chief Executive Officer

Christopher Po

Executive Chairman, Century Pacific Food, Inc.

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Christopher Po

Aug-11, 2023

Sustainable, affordable nutrition with Century Pacific Food

We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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Principles of Governance

Prosperity

Summary

Century Pacific Food, Inc. is committed to achieving carbon neutrality for its coconut division by 2028.

Activities & Initiatives

Century Pacific has launched a coconut-tree planting program in partnership with the country’s largest mobile wallet GCash and impact organization HOPE. The group aims to plant 1 million coconut trees, all to be donated to smallholder farmers in Mindanao. The trees will sequester greenhouse gasses, which will render the company’s coconut division carbon neutral by 2028. CNPF has supported HOPE’s agriculture program since 2014 with the aim of improving farming productivity and profitability for smallholder coconut farmers in Mindanao. Now, following the introduction of a GForest feature on the GCash app, more than 9 million GCash users can support the coconut tree planting campaign. Every virtual tree redeemed within the app will be converted into a real tree pledged to smallholder farmers. Through this initiative, CNPF can support farmers’ livelihoods, ensure a reliable coconut supply for both its business and surrounding provinces, and move towards carbon neutrality for its coconut subsidiary.

Measures & Targets

Century Pacific Food, Inc. will measure progress by reaching carbon neutrality by 2028.

Summary

Century Pacific commits to plant 1 million coconut trees and donate these to smallholder coconut farmers by 2028.

Activities & Initiatives

Measures & Targets

Century Pacific will measure progress by tracking the number of coconut trees to be planted and donated to smallholder coconut farmers in Mindanao.

Summary

Century Pacific is committed to sustaining its plastic neutrality program for all its brands that utilize flexible packaging in 2022.

Activities & Initiatives

Century Pacific achieves plastic neutrality through the Plastic Credit Exchange (PCX), a global, non-profit organization that offers a fully integrated plastic offset platform. CNPF purchases plastic credits from PCX in a plastic offset mechanism that resembles the carbon offset industry. This means that it is able to compensate for the amount of plastic packaging waste it generates with an equivalent amount of post-consumer plastic waste that is recovered and recycled or co-processed. PCX, through its wide network of vetted partners, collects the equivalent plastic waste from the environment and ensures these are recycled into new useful products or co-processed into energy often in lieu of coal. To guarantee the integrity and validity of Century's plastic offsets, PCX engaged a third-party auditor, Isla Lipana & Co. (PricewaterhouseCoopers), to verify the plastic footprint for the company's brands against its purchased credits. PCX also provides authentication that at least an equivalent amount of plastic waste has been recovered and recycled or co-processed. This completes the certification process with the documentation published in the PCX credit registry.

Measures & Targets

Century Pacific will measure progress by tracking its plastic offsets every year.

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