As artificial intelligence (Al) becomes increasingly integrated into various aspects of the digital age, Charoen Pokphand Group remains committed to the development of "people." It is people who create technologies and pioneering innovations. In particular, the younger generation will be the key to carrying on the Group's vision across generations. Therefore, the Group continuously supports learning and prepares its executives and employees through training programs that build essential skills both in acquiring new skills (reskilling) and enhancing existing ones to remain current (upskilling) so that they can grow effectively in the digital era. This is coupled with nurturing the organizational culture that we have always upheld, especially the core value of "Gratitude." the Group firmly believes that no organization or individual can grow sustainably without respect, appreciation, and a sense of gratitude-towards the nation, society, and the organization itself. These are the fundamental virtues of success, stability, and dignity.

In driving business toward sustainability, Charoen Pokphand Group also places great importance on enhancing the capabilities of suppliers to create shared and lasting value. We strive to elevate collaboration with partners both domestically and internationally to exchange knowledge, develop new solutions, and foster innovation expanding business opportunities in all directions. Our management approach is designed to generate The three benefits in every country where we operate: benefits for the country, for the people, and lastly, for the organization. the Group recognizes that building resilient communities and societies goes hand in hand with creating stability for the business sector.

On the path to sustainable growth, Charoen Pokphand Group continues to advance in all dimensions to ensure that the organization is ready for the future through developing human potential, supporting innovation, and emphasizing effective management throughout the value chain, all while remaining accountable to communities, society, and the environment. Our goal is to raise the organization's standards to achieve global sustainability amid a century defined by unending challenges and change.

In 2024, we made meaningful strides toward our long-term commitments to develop a sustainable food system, including our goal to achieve carbon neutrality and zero waste by 2030, as well as commit to achieving net zero emissions by 2050. Our determination reflects our deep responsibility to future generations and our belief in the transformative power of sustainable innovation.

A critical driver of our progress lies in strong and competent leadership. Across every level of our organization, we are cultivating leaders who embody integrity, embrace change, and inspire collaboration based on our CP six core values. We believe that great leadership is essential to navigating complexity, accelerating innovation, and driving meaningful impact at scale.

We also remain deeply committed to inclusive growth ensuring that as we evolve, we bring people along with us. That means supporting the upskilling and reskilling of our workforce, empowering farmers and entrepreneurs, and advancing health and well-being in the communities where we operate.

Technology also plays a vital role in our sustainable food system transformation. In 2024, we accelerated our adoption of Al and digital technologies corporate-wide to enhance operational efficiency, enable data-driven decision-making, and optimize resource management across our global supply chains. From smart farming to predictive logistics and intelligent manufacturing, we are integrating technology to build systems that are not only efficient but also environmentally responsible.

Furthermore, we continue to explore and invest in sustainability technology from circular economy solutions and climate-smart agriculture to renewable energy and carbon capture. These tools are fundamental to ensuring that our business contributes positively to planetary boundaries.

Governance, transparency, and stakeholder trust remain at the heart of our approach. In 2024, we further enhanced our ESG oversight and reporting frameworks to align with international standards and stakeholder expectations. We achieved assessment scores and rankings from leading international organizations, such as S&P Global Corporate Sustainability Assessment (CSA), CDP, and Ethisphere Institute.

As we look ahead, we know that the scale of the global sustainability challenge requires more than good intentions it demands bold action, deep partnerships, and shared responsibility. With our "Three Benefits" principle as our compass benefiting the nation, the people, and the company we will continue to lead with purpose, innovate with conscience, and work collectively toward a more sustainable and resilient world.

Thank you for your continued trust and support as we move forward on this important journey.

According to the latest report from the United Nations, only 17% of the UN Sustainable Development Goals (UN SDGs) are currently progressing at a pace sufficient to meet the 2030 target. With just six years remaining, this underscores the urgent need for collective and concrete action. At Charoen Pokphand Group, we recognize this urgency and have therefore elevated our sustainability strategy across 15 key areas in alignment with international frameworks and the UN Global Compact. We have also applied the Sufficiency Economy Philosophy across our operations in a tangible way, emphasizing moderation, reasonableness, resilience, and actions grounded in knowledge and ethics.

In addition, Charoen Pokphand Group has joined the UN Global Compact: Forward Faster initiative to help accelerate progress toward the UN SDGs at a global level. Our commitment emphasizes the importance of Inclusive Business models that generate sustainable profits while supporting a Just Transition to promote equity in all dimensions and ensure all stakeholders are truly prepared to step into a sustainable future together.

Charoen Pokphand Group continues to navigate a rapidly shifting business landscape across industries, shaped by three key megatrends, including 1. Deglobalization reversal of globalization trends due to increasing geopolitical polarization, 2. Decarbonization the global movement to reduce carbon emissions, and 3. Digitalization - the accelerated transformation into the digital age. These three forces are permanently reshaping the global business environment. In response, the Group has adopted a systematic, thoughtful, and purpose-driven approach, underpinned by three strategic goals for sustainable development:

1. Achieve carbon neutrality by 2030 and Net-Zero greenhouse gas emissions by 2050
2. Achieve zero waste to landfill by 2030
3. Reduce inequality in all dimensions by 2030

To support the achievement of these goals, Charoen Pokphand Group continues to invest in renewable energy, increase the proportion of clean energy used, and enhance energy efficiency across all business groups. These actions aim to reduce greenhouse gas emissions from our own operations (Scope 1 and 2), while also setting targets to reduce emissions in collaboration with our partners across the supply chain (Scope 3), through initiatives such as solar panel installation, promoting the use of electric transport systems, and reducing agricultural emissions.

In terms of resource use, Charoen Pokphand Group promotes circular economy principles to optimize resource utilization, particularly in food waste management, where we implement measures to reduce food loss at every stage, from production to consumption. This maximizes resource value, minimizes environmental impact, and generates long-term economic value.

Charoen Pokphand Group has also built strong partnerships with public and private sectors to expand access to quality education in Thailand, focusing on the integration of ethical learning, a dual emphasis on skills development, and instilling moral and ethical values. This helps nurture capable individuals with a strong sense of social responsibility. Furthermore, our "Ethical Learning" approach serves as a core principle in our efforts to develop human capital. Not only does it help reduce educational inequality, but it also equips youth to face the challenges of the digital era.

Driven by this ethical learning approach, Charoen Pokphand Group places the highest importance on people, recognizing them as the heart of true transformation. We firmly believe that strong human capital is the "power of change" that will lead the country and society toward long-term sustainability. Hance, we have adopted the Sustainable Intelligence Transformation (SI Transformation Model) as a guiding framework to reshape the organization and help move the nation toward sustainability. This model consists of five key elements:

Transparency - Creating transparency and developing new metrics that reflect real progress and impact

Market Mechanism - Utilizing market-driven mechanisms alongside cross-sector collaboration, such as Public-Private Partnerships (PPP), to drive effective change

Leadership & Talents - Fostering leadership and inspiring employees at all levels to share a unified vision and sense of purpose

Empowerment - Empowering frontline staff and the younger generation to think and act, embedding sustainability into the organization's DNA

Technology - Applying digital innovation and technology ethically to enhance business operations across economic, social, and environmental dimensions

The integration of these five elements strengthens the Group's capacity to respond to the rapidly evolving forces of globalization and provides a foundation for elevating the potential of Thai people toward sustainable development in the digital era.

This elevation of Thai people's potential cannot be fully realized without a robust technological and innovation infrastructure. Charoen Pokphand Group is therefore committed to transforming into a true technology company, not only viewing technology as a tool for business, but as a critical enabler of learning, research, and development ecosystems that unlock human potential at all levels and enable the continuous creation of new economic and social values.

Charoen Pokphand Group firmly believes that today's transformation is not merely about adopting new technologies, but about reshaping mindsets, processes, and organizational culture to meet the demands of Technology 5.0, an era that requires competitiveness, economic resilience, and sustainability for humanity. With this mindset, the Group is not only developing business solutions but also driving structural transformation that will have a long-term impact on the country, society, and the organization itself.

Over the past year, Charoen Pokphand Group has been recognized by leading global organizations for its sustainability performance, including the S&P Global Corporate Sustainability Assessment (CSA), CDP, and Ethisphere Institute. These global benchmarks reflect the highest standards of transparency, governance, and responsibility to society and the environment. Such recognition is not simply a "prize," but evidence of our ongoing commitment to advancing global standards, through our strategies, emissions reductions, transparent reporting, responsible supply chain management, and ethical business practices. The Group will continue to evolve and improve these approaches to deliver genuine long-term positive impact.

Throughout our journey, Charoen Pokphand Group has remained steadfast in the values of virtue, gratitude, and unity, and believes that true sustainable success is success that can be shared and passed on. We will continue to create positive changes through responsible business practices that serve people, society, and the environment.