Thailand's Seafood Supply Chain Towards a More Sustainable Pathway

Total Page:16

File Type:pdf, Size:1020Kb

Thailand's Seafood Supply Chain Towards a More Sustainable Pathway How The Task Force is Leading Thailand’s Seafood Supply Chain Towards a More Sustainable Pathway Progress Report following Membership review and planning meeting in Bangkok Aug 2016 2 Contents 1. Overview 2. The problem the Task Force is trying to solve 3. Unique approach to the problem 4. Current situation 5. Task Force pathways and what success looks like 6. June ‘16 Members meeting - Bangkok 7. Reaching out to the NGO and Civil Society community 8. Headline progress and next steps 9. The Task Force and its journey to the future 10. Abbreviations and acronyms. Purpose of this report It is two years since the Shrimp Sustainable Supply Chain Task Force (Task Force) was established. This Management Summary is written following the Membership’s review and strategy meeting held in Bangkok - June ‘16. 3 1 Overview What is the Task Force? Aims In June 2014, The Guardian published an investigation into the Thai The Task Force aim is to drive measurable social Shrimp supply chain. It alleged that Asian slave labour was contributing to and environmental change in the Thai seafood the production of shrimp for supermarkets in the US and the UK. Charoen industry through greater supply chain accountability, Pokphand Foods (CPF) and a number of its customers including Costco verification and transparency. were implicated. As a result of this investigation and the serious concerns it raised, CPF and Costco established the Shrimp Sustainable Supply Particular emphasis is being placed on feed for Chain Task Force (Task Force) in July 2014. farmed shrimp, tuna and other seafood products exported to the US and the EU. Since its inception, Task Force Membership has grown exponentially and now, in the words of leading NGO Humanity United, it represents ‘the most influential and diverse It is promoting the common interests of its Members coalition of stakeholders operating in Thailand on this issue’ with its own set of initiatives through the application of social, environmental to reform the seafood industry. and related standards within the seafood supply chain and it is doing this with considered strategies The Task Force describes itself as a leading international industry-led coalition to improve the livelihood and dignity of workers including major US and EU retailers, Thai manufacturers, proactive seafood companies, and the sustainability of Thailand’s fisheries for the importers, governments and NGOs. With current membership exceeding 20 commercial longer term. organizations, it’s a group of like-minded people with the desire to make things happen. And with estimated seafood purchases from Thailand* exceeding $7B US and $145M EU, the Task Force is a powerful force for change. * Source: Seafish Focus on Ethical Issues – Thailand Profile Task Force Current Membership List - Aug 2016 listed in alphabetical order Commercial Organizations NGO and Advisory Current Participating Organizations Aqua Star National Fish & Seafood Aquaculture Stewardship Council - ASC Asian Seafoods Nestle Purina Ethical Trade Initiative - ETI Beaver Street Foods Rubicon Resources Environmental Justice Foundation - EJF Charoen Pokphand Foods / CP Foods Seafresh Group Fishwise Costco Southeast Asian Packaging and Canning Co. Global Aquaculture Alliance - GAA Eastern Fish Company Sysco Corp IDH – The Sustainable Trade Initiative Grobest Tesco Satellite Applications Catapult Lyons Seafoods Thai Royal Frozen Food Sustainable Fish Partnership - SFP Marine Gold Thai Union Group UL Mars Petcare Walmart Verite Mazzetta WM Morrsons World Wildlife Fund - WWF 4 August 2016 Progress Report following Membership review and planning meeting in Bangkok Overview Governance and Terms of Reference During its review in October 2015, detailed consideration was given to the development of Governance and suitable Terms of Reference to meet the growing needs of the coalition and external stakeholder feedback. Particularly important was the need to address concerns regarding its original voluntary compliance structure. Formal structure, process, perspectives and priorities were fully drafted in Q1 of 2016. Also considered were the financial requirements, communications and how the Task Force should function as it continues to gain momentum. Task Force Board Members – June ‘16 Organisation listed in alphabetical order In June ‘16, the Task Force became fully registered as a non-profit corporation organized in the USA as a 501(c) Dave Martin Aquastar (6) trade association. With this registration, a formal Membership Agreement, fit-for-purpose Bylaws and Pitipong Dejjarukul Charoen Pokphand Foods Anti-Trust regulations have been introduced. Ken Kimble - Board Chairperson Costco The Membership Agreement requires all commercial Choopong Luesukprasert Marine Gold Members to pay annual dues and its Bylaws outline the Huw Thomas Morrison’s scope of work and the principles and procedures by Nick Leonard Rubicon Resources which the organisation now operates. Nuntawan Rujiwong Thai Royal Frozen Foods A formal Board was elected from the membership in Scott Solar Thai Union June ‘16 and the Board has successfully elected a Chairperson, Treasurer and Secretariat. Jeff Lough Walmart The Secretariat is full-time and has been employed to co-ordinate and support Task Force activities as the needs of the organisation grow. To ensure global balance, the The Board Board is equally represented by US, EU and Thai entities. expects the To support the Board and the Secretariat, the National Fisheries Institute in the US (NFI) is providing independent book keeping and accounting services. ESA to be fully To ensure appropriate levels of independent verification and validation are met and to ensure overall credibility of the Task Force’s work, the new board is appointing twelve formed and individuals from the NGO community to serve as an External Stakeholder Advisory Group (ESA). established by Members of this ESA will consist of individuals bringing valuable technical expertise in the areas of social responsibility, environmental sustainability and traceability with two Dec ‘16. of these members serving as co-chairs. The Board expects the ESA to be fully formed and established by Dec ‘16. The Secretariat continues to receive healthy expressions of interest from US and EU retailers and Thai manufacturing organizations across the supply chain. Currently, there are over ten further organizations that have formally requested Terms of Reference and copies of the Membership Agreement for consideration. Task Force success is largely dependent on critical mass and achieving high penetration levels across each section of the seafood supply chain. It is currently considering a capacity model for optimum membership but, in the meantime, is accepting further Membership applications to gain this essential critical mass. Progress Report following Membership review and planning meeting in Bangkok August 2016 5 2 The Problem that the Task Force is trying to solve Leading Thailand’s seafood supply chain towards a more Information provided by this extensive NGO community has, amongst many other sustainable pathway requires attention to both the social things, informed the US Traffic in Persons (TIP) report and Thailand’s TIP rating. and environmental aspects of sustainability. Although its Tier 3 rating has been moved in 2016 to Tier 2 Watch List, which is a level between 2 and 3 due to recent recognized improvements, the NGOs and From a social aspect, Governments, the media and NGOs have Industry are understandably keeping a watchful eye. documented horrific cases of forced labour and human trafficking in Thailand’s seafood supply chain. Particularly disturbing are reports The environmental aspect relates to poor fisheries management leading of labour abuses in fisheries supplying tuna, feed for farmed shrimp, to overfishing. In April 2015, the European Commission put Thailand on and other seafood products exported to the US and the EU. formal notice (via a ‘Yellow Card’) for not taking sufficient measures in the international fight against illegal, unregulated and uncertified fishing (IUU) With a history of false promises and lack of action by the Thai - particularly in its fisheries monitoring, control and sanctioning systems Government to address these reported issues, there are now in (MCS). This ‘Yellow Card’ has now been extended to December ‘16 due to the excess of 120 different NGO organizations actively campaigning acknowledgment of progress made. However, a ‘Red Card’ is still an imminent for change in Thailand from either a social or environmental threat to Thailand’s business community and the Country’s ability to export perspective. product to the EU. The Task Force is taking a strategic approach with a combination of short, medium and long-term initiatives. 3 Unique Approach to the Problem 4 Current Situation The Task Force is taking a strategic approach with a combination The last two years have seen genuine signs of tangible of short, medium and long-term initiatives. improvement in Thailand and this has been recognized by a number of leading NGOs. These initiatives are realistic and planned with long-term sustainability in mind. With recent changes in the Thai Government, there is finally an It recognizes that the social issues related to human rights abuse and the acceptance that the country faces serious problems and that a environmental issues related to marine conservation are both closely linked to long-term strategy and short-term tactics are required. illegal, unreported and unregulated fishing (IUU) hence
Recommended publications
  • Logistics, Transport, Infrastructure Richard D. Lovell Charoen Pokphand Foods Public Company Ltd Abstract
    From farm to fork: logistics, transport, infrastructure Richard D. Lovell Paper prepared for presentation at the “The Supermarket Revolution In Food: Good, bad or ugly for the world’s farmers, consumers and retailers?” conference conducted by the Crawford Fund for International Agricultural Research, Parliament House, Canberra, Australia, 14-16 August 2011 Copyright 2011 by Richard D. Lovell. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. From farm to fork: logistics, transport, infrastructure Richard D. Lovell Charoen Pokphand Foods Public Company Ltd Abstract In Thailand, as in other markets, the supermarket ‘revolution’ is seen as a ‘two-edged sword’. On the one hand, it can lower food prices for consumers and create opportunities for farmers and processors to gain access to quality-differentiated food markets and raise incomes. On the other hand, it can create challenges for small retailers, farmers, and processors who are not equipped to meet the new competition from, and requirements of, supermarkets. Retailing in Thailand has come a long way in only a couple of decades, with new companies entering the market, such as the large European companies Tesco, Carrefour (until recently) and Big C (Casino Group). The number of convenience stores has also grown, with 7-Eleven (6000 stores) run by CP Group (CP ALL) and to a lesser extent Family Mart from Taiwan. Along with these modern trade retailers, third party logistics (3PL) service providers such as Linfox, DHL, CEVA Logistics and others have also entered Thailand.
    [Show full text]
  • Seafood Metrics Report Supplement: Industry Engagement Platforms
    Seafood Metrics Report Supplement: Industry Engagement Platforms (Updated) June 2018 Packard Foundation | Seafood Metrics Report Supplement | March 2018 | Page 1 Table of Contents Introduction 3 Preliminary takeaways 4 Precompetitive platform summary 6 Summary of companies and platform membership 7 Research on individual platforms Food Marketing Institute (FMI) Seafood Strategy Committee (SSC) 11 Foodservice Roundtable 12 Global Dialogue on Seafood Traceability 13 Global Salmon Initiative (GSI) 14 Global Sustainable Seafood Initiative (GSSI) 15 International Seafood Sustainability Foundation (ISSF) 16 National Fisheries Institute (NFI) Crab Council 17 Sea Pact 18 Seafood Business for Ocean Stewardship (SeaBOS) 19 Sustainable Fisheries Partnership (SFP) Supplier Roundtables 20 Seafood Task Force 21 World Economic Forum (WEF) Tuna 2020 Traceability Declaration 22 Appendix NGO engagement in sustainability platforms 25 List of companies only committed to one platform 26 Companies not committed to any platform, but working with an NGO partner 35 Packard Foundation | Seafood Metrics Report Supplement | March 2018 | Page 2 Introduction The 2017 Seafood Metrics Supplement is focused on precompetitive and other industry platforms that involve sustainable seafood. California Environmental Associates (CEA) conducted high-level, broad research on 12 precompetitive platforms, developing an inventory of readily available information on each platform, including: ▪ Membership. What companies are participating in each platform? ▪ Background. When and
    [Show full text]
  • 2020 Annual Report Contents
    2020 Annual Report Contents ABOUT US CORPORATE GOVERNANCE i Five-Year Summary 116 Corporate Governance Report 1 Introduction 131 Changes in the Share Capital and ’ 2 Business Performance at a Glance Shareholders Profile Directors, Supervisors, Senior Management 4 Chairman’s Statement 134 and Employees 152 Report of the Board of Directors and MANAGEMENT DISCUSSION AND ANALYSIS Significant Events 170 Report of the Supervisory Committee 8 Customer Development 14 Technology-Powered Business Transformation FINANCIAL STATEMENTS 20 Business Analysis 20 Performance Overview 172 Independent Auditor’s Report 23 Life and Health Insurance Business 179 Consolidated Income Statement 32 Property and Casualty Insurance Business 180 Consolidated Statement of Comprehensive 38 Investment Portfolio of Insurance Funds Income 181 Consolidated Statement of Financial Position 44 Banking Business 183 Consolidated Statement of Changes In Equity 54 Asset Management Business 184 Consolidated Statement of Cash Flows 60 Technology Business 185 Notes to Consolidated Financial Statements 68 Analysis of Embedded Value 79 Liquidity and Capital Resources 85 Risk Management OTHER INFORMATION 100 Sustainability 327 Ping An Milestones 113 Prospects of Future Development 328 Honors and Awards 329 Glossary 332 Corporate Information Cautionary Statements Regarding Forward-Looking Statements To the extent any statements made in this Report contain information that is not historical, these statements are essentially forward- looking. These forward-looking statements include but are not limited to projections, targets, estimates and business plans that the Company expects or anticipates may or may not occur in the future. Words such as “potential”, “estimates”, “expects”, “anticipates”, “objective”, “intends”, “plans”, “believes”, “will”, “may”, “should”, variations of these words and similar expressions are intended to identify forward-looking statements.
    [Show full text]
  • This Call for TPIA To
    19 August 2014 Mr. Nirut Rublek General Secretary Thai Pineapple Industry Association Board of Directors 5/29 Soi Yakthanon Na Ranong Kloykoei, Cameron Duncan President Bangkok 10110 Thailand Eric Dirnbach Tel/Fax: 66 2 502691, 66897771239, email: [email protected], Vice President [email protected] Carol Rosenblatt Secretary Katherine Isaac Dear Mr. Nirut Rublek, Treasurer Re: TPIA responsibility to engage in dialogue about alleged human rights Arturo Alcalde Justiniani violations in Thailand’s fruit industry Kim Bobo John Cavanagh As executive director of the International Labor Rights Forum (ILRF), a human May Chen rights organization dedicated to creating a dignified world for workers, I am Lance Compa writing you today to pledge support for and stand in solidarity with labor rights Joseph Eldridge Cathy Feingold activist Andy Hall. Mr. Hall is a long-time partner of my organization. His efforts Judy Gearhart to uncover labor rights abuses in Thai export industries and empower workers in Ken Grossinger factories to improve their own working conditions has been remarkably successful Sarita Gupta and directly improved the lives of thousands of migrant workers. Mark Harrison Yvette Herrera Owen Herrnstadt ILRF received an English language translation of your letter sent August 13 , Lorretta Johnson 2014, to Mr. Komsan Tongsiri, State Enterprises Workers’ Relations Yvette Pena-O’Sullivan Confederation (SERC) in response to a letter signed by nearly 100 human rights Patricia Pineda Kailash Satyarthi organizations asking TPIA to encourage Natural Fruit Co. Ltd. (Natural Fruit) to Rep. Jan Schakowsky withdraw the law suits against Andy Hall and address allegations of labour rights Daniel Smith violations.
    [Show full text]
  • Independent Director and Chairman of the Audit Committee Mr. Vitthya
    Financial Highlights (Unit : Million Baht) 2005 2004 2003 Consolidated Financial Results Service revenues (normalized) 1/ 41,452 30,366 27,001 Total revenues (normalized) 1/ 44,193 32,728 27,950 EBITDA (normalized) 1/ 2/ 15,705 12,930 11,642 Operating profit (normalized) 1/ 2/ 3/ 1,217 1,145 491 Net profit (loss) (4,269) 605 (5,674) Consolidated Balance Sheets and Cash Flows Total assets 108,058 102,625 86,760 Total liabilities 107,751 97,888 85,265 , Total shareholders equity 307 4,738 1,495 Cash flow from operations 11,604 7,381 7,076 Free cash flow 4/ 1,335 3,419 (3,303) Key Financial and Efficiency Ratios EBITDA margin 35.5% 39.5% 41.7% Operating profit margin 2.8% 3.5% 1.8% Asset Turnover 40.9% 31.9% 32.2% EBITDA / Interest coverage ratio (Times) 5/ 3.3 3.1 2.6 Net debt / EBITDA (Times) 5/ 4.9 6.1 5.9 2 (Unit : Million Baht) 2005 2004 2003 Per Share Data and Others Loss per share (Baht) 6/ (1.46) (0.03) (2.13) Book value per share (Baht) 0.07 1.16 0.40 Share price at year end (Baht) 10.00 8.10 7.30 No. of outstanding shares at year end (Million shares) 4,094.7 4,092.5 3,694.5 Market capitalization 40,947.5 33,149.5 26,969.8 1/ Consolidated service revenues and total revenues for the year 2005 have been adjusted to exclude out-of-period accounting adjustment of Bt 282 mn for over accrued revenues from fixed line's international call service in the year 2004.
    [Show full text]
  • Global Supply Chains in the Food Industry: Insights from the Asia-Pacific Region
    ILO Asia-Pacific Working Paper Series Global supply chains in the food industry: Insights from the Asia-Pacific region Stephen Frenkel, Ivanka Mamic and Laura Greene March 2016 ILO Asia-Pacific Working Paper Series Global supply chains in the food industry: Insights from the Asia-Pacific region Stephen Frenkel, Ivanka Mamic and Laura Greene March 2016 iii Copyright © International Labour Organization 2016 First published 2016 Publications of the International Labour Office enjoy copyright under Protocol 2 of the Universal Copyright Convention. Nevertheless, short excerpts from them may be reproduced without authorization, on condition that the source is indicated. For rights of reproduction or translation, application should be made to ILO Publications (Rights and Licensing), International Labour Office, CH-1211 Geneva 22, Switzerland, or by email: [email protected]. The International Labour Office welcomes such applications. Libraries, institutions and other users registered with a reproduction rights organization may make copies in accordance with the licences issued to them for this purpose. Visit www.ifrro.org to find the reproduction rights organization in your country. Frenkel, Stephen ; Mamic, Ivanka ; Greene, Laura Global supply chains in the food industry : insights from the Asia-Pacific region / Stephen Frenkel, Ivanka Mamic and Laura Greene ; International Labour Organization ; ILO DWT for East and South-East Asia and the Pacific. – Bangkok : ILO, 2016 (ILO Asia-Pacific working paper series, ISSN: 2227-4405 (web pdf)) International
    [Show full text]
  • AR CPF 06 Eng.Indd
    Cover CPF revise 2-Eng.pdf 4/11/06 10:44:25 AM C M Y CM MY CY CMY K Contents The Company at a glance 02 Message from the Chairman 06 Message from the President 08 Thailand operations 13 Overseas operations 29 Risk factors 30 Discussion on results and financial status 36 Management 46 Corporate governance 72 Corporate social responsibility 86 Quick fact 91 Past to present 92 Investor information 96 References 108 Please note that: “The Company” or “CPF Group” herein this Annual Report refers to Charoen Pokphand Foods Public Company Limited (“CPF”) and its subsidiaries (companies that CPF has shareholding exceeding 50% of their paid-up capital) The Company at a Glance Charoen Pokphand Foods Public Company Limited and its subsidiaries or “CPF Group” is the leading agro-industrial and food conglomerate in Thailand. The greater part of the Company production bases is in Thailand and some operate overseas. As of December 31, 2005, its paid-up capital was THB 7,520 million, and its market capitalization was approximately THB 45,875 million. Apart from maintaining its leading position in animal feed business, the Company’s initial business, the Company also strives to be leader in meat and food business both in Thailand and in overseas countries where it has vested interest and operate with aim to achieve acceptable operating profit. The Company conducts business with environment friendliness, with responsibility to social at large and posts good corporate governance practices. All these are to strengthen its business to ensure sustainable growth and ability to compete internationally.
    [Show full text]
  • The Business Benchmark on Farm Animal Welfare Report
    The Business Benchmark on Farm Animal Welfare Report 2020 Nicky Amos, Dr Rory Sullivan & Dr Nathan Rhys Williams MRCVS The Business Benchmark on Farm Animal Welfare Report 2020 The Business Benchmark on Farm Animal Welfare The Business Benchmark on Farm Animal Welfare (BBFAW) is the leading global measure of farm animal welfare management, policy commitment, performance and disclosure in food companies. It enables investors, companies, NGOs and other stakeholders to understand corporate practice and performance on farm animal welfare, and it drives – directly and through the efforts of others – corporate improvements in the welfare of animals reared for food. The BBFAW Secretariat maintains the Global Investor Statement on Farm Animal Welfare and convenes the Global Investor Collaboration on Farm Animal Welfare, a collaborative engagement between major institutional investors and food companies on the issue of farm animal welfare. In addition, the BBFAW Secretariat manages extensive engagement programmes with companies and with investors and provides practical guidance and tools for companies and for investors on key animal welfare issues. The programme is governed and supported by the BBFAW’s founding partners, Compassion in World Farming and World Animal Protection, who provide technical expertise, guidance, funding and practical resources, alongside supporting the assessed food businesses with training, programmatic expertise and consultancy engagement. More information on the programme can be found at www.bbfaw.com Compassion in World Farming Compassion in World Farming is the leading farm animal welfare charity advancing the wellbeing of farm animals and their integration into a more humane, sustainable food system, through advocacy, political lobbying and positive corporate engagement.
    [Show full text]
  • 004 Attachment 4 IM 2
    Attachment 4 The disclosure of additional information as required pursuant to the Rules on Acquisition or Disposal of Assets and the Rules on Connected Transactions 1. Information Memorandum disclosed pursuant to Clause 16 of the Notification of the Stock Exchange of Thailand Details are per Attachment 3. 2. Brief Information Concerning the Company and Its Business Operation Charoen Pokphand Foods Public Company Limited (CPF) and subsidiaries (collectively called the Company) operates an integrated agro-industrial and food businesses including feed production, animal breeding, animal husbandry, primary meat processing, food production and ready-to-eat food as well as meat and food retail outlets. Under the Three-Benefit Principle of benefiting the Country, the Society and The Company , the Company takes into careful consideration of environmental, social and economic balance affecting its stakeholders in all sectors and promotes the Sustainable Development Goals (SDGs) on the basis of good corporate governance. The scope of business operations can be divided into 2 main parts as: (1) Thailand operations and (2) International operations, as briefly elaborated as follows: 1) Thailand operations involve agro-industrial and food business operations for domestic distribution and export. The products include meat, processed meat and ready-to-eat food which will be distributed and exported covering more than 30 countries across 5 continents. The Companys Thailand operations cover livestock and aquaculture including swine, broilers, layers, ducks, shrimps and fish. Its integrated production process starts from production of animal feed, animal breeding, animal farming, processing of meat, production of semi-cooked or cooked meat products and ready-to-eat products, including operations of food retail and food outlets as the Companys distribution channels.
    [Show full text]
  • CPALL AR EN Final.Pdf
    Content 010 072 185 Messages from the Chairman Management Structure Anti-Corruption and Chairman of Executive Committee 016 089 188 Business Overview Information of Directors, Internal Control and Executive Officers, Company Secretary, Risk Management Internal Audit, Account Controller and Compliance 018 108 192 Company History in Brief Report of Executive Committee Related Transactions 022 111 204 Nature of Business Report of the Sustainability Report of the Audit Committee and Corporate Governance Committee 039 115 208 Risk Factors Corporate Governance Head of Internal Audit Biography 048 172 210 General Information Report of the Remuneration Board of Directors’ Statement and Other Information and Nomination Committee of Responsibility for Financial Reports 060 176 212 Dividend Policy Head of Compliance Biography Management Discussion and Analysis 062 178 222 Securities Details and Corporate Social Responsibility Annual Financial Statements Shareholding Structure and Auditor Report of Certified Public Accountant 002 Summary of Revenue and Earnings Financial Information Before Tax For Fiscal Years Ending December 31, Based on Business Segments* CP ALL Public Company Limited Revenue Earnings and its Subsidiaries Contribution Before Tax Contribution 2017 2018 2019 Consolidated Financial Information (Million Baht) 66 % 78 % CVS AND CVS AND Net Sales and Services Income 471,069 508,212 550,901 OTHERS OTHERS Total Revenues 489,403 527,174 571,110 Net Profit 19,908 20,930 22,343 Net Cash Provided by Operating Activities 46,156 41,227 40,477
    [Show full text]
  • Coller FAIRR Protein Producer Index Report Summary Version
    Coller FAIRR Protein Producer Index Report Summary Version Benchmarking intensive livestock and fish farming on environmental, social and governance issues Greenhouse gases Water scarcity & use Waste & pollution Food safety Deforestation & biodiversity loss Sustainable proteins Working Antibiotics conditions Animal welfare www.fairr.org http://index.fairr.org @FAIRRinitiative Coller FAIRR Protein Producer Index Foreword The Farm Animal Investment Risk & Return (FAIRR) Initiative has developed an index to analyse the largest global meat, dairy and aquaculture producers by combining nine environmental, social and governance (ESG) risk factors with the Sustainable Development Goals (SDGs). In my 30 years as an investor I have witnessed many examples of megatrends like The benchmark will be primarily a resource for institutional investors and other actors interested in the livestock sector. globalisation or technology disrupting sectors, making leading companies quickly seem outdated and unattractive. Today, modern methods of intensive farming have helped the meat, fish and dairy sector Largest become a profitable part of the global food supply chain. Investors know that this reality is changing as trends like climate change, food technology and a broad consumer shift towards global 9 22 healthier food gather pace. The new Coller FAIRR Protein Producer Index assesses 60 of the largest livestock and companies risk factors KPIs aquaculture companies, with a combined market cap of close to $300bn, on behalf of the world’s largest investors. With environmental, social and governance (ESG) policies having rapidly become a vital part of investors’ toolkits, it’s significant that we now have the first ever * Index to look holistically at the animal protein sector through the lens of ESG issues.
    [Show full text]
  • Ping an Insurance (Group) Company of China, Ltd
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Ping An Insurance (Group) Company of China, Ltd. (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2318) ANNOUNCEMENT OF UNAUDITED RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2019 The Board of Directors of Ping An Insurance (Group) Company of China, Ltd. (the “Company”) hereby announces the unaudited results of the Company and its subsidiaries for the six months ended June 30, 2019. This announcement, containing the full text of the 2019 Interim Report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “HKEX”) in relation to the information to accompany preliminary announcements of interim results. This results announcement, which is prepared in accordance with the International Financial Reporting Standards, is simultaneously available on the websites of HKEX (www.hkexnews. hk) and the Company (www.pingan.cn). The printed version of the Company’s 2019 Interim Report will be delivered to the holders of H shares of the Company and available for viewing on the websites of HKEX (www.hkexnews.hk) and the Company (www.pingan.cn)
    [Show full text]