CP, Toyota, and CJPT Aim for Thai Carbon Neutrality
Charoen Pokphand Group (CP), Toyota Motor Corporation (Toyota), and Commercial Japan Partnership Technologies Corporation (CJPT) have signed a Memorandum of Understanding (MOU) to achieve carbon neutrality in Thailand through collaborative efforts.
CP, Toyota, and CJPT aim to achieve carbon neutrality in Thailand by collaborating in the areas of energy, data, and mobility.
The companies, whose agreement was based on the relationship between CP's Senior Chairman and Toyota's President, plan to produce hydrogen from poultry farm biogas and conduct a Carbon Neutrality Mobility Event in the country. Their goal is to contribute to the happiness of Thailand's 67 million citizens while promoting carbon neutrality suited to the country's resources.
CP, Toyota, and CJPT will commence social implementation projects in specific economic zones in Thailand to work on the three areas of energy, data, and mobility and verify their outcomes to create a basic unit that can be deployed to other regions.
The companies will visualise actions and effects toward carbon neutrality, including calculating the potential impact of expanding this collaboration throughout Thailand based on the CO2 reduction achieved through the announced initiatives.
CP Chairman Soopakij Chearavanont expressed encouragement and commitment to implementing the agreed projects and openly working with partners who share the same views.
Toyota President Koji Sato is pleased to take the collaboration to the next stage and explore options towards carbon neutrality that suit Thailand's situation.
CJPT President Hiroki Nakajima expressed commitment to reducing CO2 emissions and enhancing people's quality of life in Thailand.
True Leasing Co., Ltd., CP's transportation service business, will participate in this collaboration, along with CJPT, which is supported by Isuzu Motors Limited, Suzuki Motor Corporation, and Daihatsu Motor Co., Ltd., in addition to Toyota.
The new company "CJPT-Asia" will be established in Thailand to accelerate CJPT's carbon neutrality initiatives in Asia. Hino Motors, Ltd. is also participating in exploring areas of contribution towards this collaboration. The three companies are open to collaborating widely with partners who share the same view towards carbon neutrality and contributing to Thailand.
To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.
Source: Toyota
