In 2023, the Company signed a memorandum of understanding (MoU) with Bunge, a leading global trader and processor of agricultural commodities, to explore the development of a more sustainable soybean supply chain and the application of digital technologies. The initiative assesses technical, operational, and commercial feasibility by integrating a blockchain-enabled traceability platform with satellite-based mapping to verify cultivation origins. It also supports monitoring of soybean and soy-product production and logistics flows from Brazil, which supply the Company’s animal feed operations in Thailand and across Asia.

To date, the pilot has enabled the traceable shipment of approximately 375,000 metric tons of soybean meal using blockchain technology. In parallel, the Company and Bunge are collaborating on additional initiatives to reduce greenhouse gas emissions across the supply chain and to leverage Bunge’s expertise to advance regenerative agriculture practices.

Soy Traceability System: https://sustainablesupplychain-th.fit-cpgroup.com

The verification statement of the traceability system ensuring that the soy is traceable to cultivation plot is provided by Bunge through Control Union, a dependent organization.