A project to develop a sustainable supply of soybean meal has been launched by an international partnership of agriculture organisations.
The Feed Ingredients Trading Business Group (FITB), subsidiary of Thai company Charoen Pokphand Group (CPG), has launched the project in collaboration with US soybean processing co-operative AG Processing, to reinforce sustainable and traceable sourcing policy throughout the supply chain, and promote environmental and social responsibility.
FITB CEO Somchai Kungsamutr said the development of a sustainable supply of soybean meal system project followed on from the sustainable sourcing policy and supplier guiding principle that it communicated last year to its mainly local core suppliers of raw materials such as fishmeal and maize.
The three-year project aims to:
- Develop a process where soybean meal can be traced back throughout the supply chain, from processing plants back to the soybean-growing areas.
- Develop international standard measures and regulatory guidelines on labour and human rights compliant with the law.
- Develop a system to issue documents certifying that the products sold to CPG originated from any growing areas of deforestation.
- Develop a plan to encourage farmers to increase productivity, reduce costs and implement environmentally responsible cultivation practices, and comply with international standards.
- Foster global environmental, health and safety and sustainability excellence through the sharing of tools and information.
- Identify and assess emerging issues vital to achieving a sustainable world while maintaining business growth.
- Promote the adoption of environmental sustainability.
Somchai said supply chain traceability was an effective tool to minimise negative social and environmental impacts and that he believed empowering farmers to use sustainable agriculture practice was an important mission.
“This collaboration with our business partner will strengthen us both in business and in sourcing of traceable and sustainable raw material which will be able to resolve labour, deforestation and environment issues, significant sustainability issues for the world,” he said.