Century Pacific Food, Inc (CNPF): Best ESG Mid-Cap Company Philippines 2020
Sustainability equates to business viability according to Century Pacific Food, Inc (CNPF), the family-run and publicly listed Philippines company dedicated to nourishing bodies – and bank accounts. The patriarchal founder, Ricardo Po, established Century Pacific Food in 1978 to process, manufacture and export tuna products. CNPF now dominates Filipino markets as the country’s largest producer of canned food products, and has made significant inroads into global markets as a preferred supplier to international brands. Tuna remains a top performer among its canned foods, providing a tasty and affordable source of protein. The company is committed to the responsible stewardship of natural resources and collaborates with international organisations to encourage sustainable practices across the supply chain. CNPF complies with strict conservation measures as a member of the International Seafood Sustainability Foundation (ISSF) and promotes environmental awareness and advocacy as a regular partner of the World Wide Fund for Nature. CNPF products are stocked in over 900,000 outlets nationwide and exported to 65 countries, including some of the world’s most strictly regulated markets. The company prioritises ESG performance across its framework of protein delivery, purchase assessment, planet preservation and personal development. In 2019, it distributed over 22m kilograms of protein in the Philippines and supported 13,725 jobs. January marked its first full year of plastic-neutral operations. The founder’s four sons now the lead the company — and are grooming the next generation to take up the mantel in the future. The CFI.co judging panel is pleased to recognise Century Pacific Food as the 2020 winner of the Best ESG Mid-Cap Company (Philippines) award.
