CP Axtra Emphasizes Corporate Governance as Key for Sustainable Growth

Mr. Suphachai Chearavanont, Chairman of the Executive Committee of Charoen Pokphand Group and Chairman of CP Axtra Public Company Limited (SET: CPAXT), emphasized that the organization places great importance on Corporate Governance (CG). This is upheld as the corporate culture, passed on from the board of directors, executive board, and senior management down to employees at all levels, including partners and business allies throughout the entire supply chain. The focus is on inclusive participation, transparency, integrity, accountability, and promoting equality in the workplace.

The company operates with a commitment to sustainability across all dimensions—environmental, social, and economic—through long-term objectives such as Carbon Neutrality, striving for Net Zero, and promoting gender and age equality. These principles are crucial in creating shared value for stakeholders and customers.

For this year’s business growth target, CPAXT anticipates a “double-digit” revenue expansion, or a growth of no less than 10%. This is achieved by integrating offline and online retail models while embracing modern technologies such as Artificial Intelligence (AI), Automation, and new business models that address rapidly changing consumer behavior.

CPAXT has expanded its investments in various ASEAN countries such as Malaysia, Cambodia, Myanmar, and Vietnam, and is preparing to enter the Philippines. The company aims to grow faster than the regional economic growth rate, which averages 4–5% annually, and expects to achieve a double-digit growth target over the next three years.

Mr. Suphachai reiterated that leadership in the modern retail business requires continuous adaptability to remain relevant and must create consumer-relevant experiences by offering products and services that meet demands at every point in time.