Central Retail Corporation (CRC) is reinforcing its strategy of ‘Retail and Wholesale for All’, advancing sustainable growth through the ‘CRC Care 7 Dimension Philosophy’. This business philosophy comprises: ‘Care for Governance’ by conducting business with transparency and good corporate governance; ‘Care for the Customer’ by placing customers at the heart of every business decision; ‘Care for Partners’ by driving inclusive growth together with business partners; ‘Care for the Economy’ by uplifting the local economy and promoting prosperity nationwide; ‘Care for the People’ by creating a great place to work for all employees; ‘Care for the Community’ by enhancing quality of life and reducing social inequality; and ‘Care for the Environment’ by advancing its ‘ReNEW’ strategy that seeks net-zero emissions by 2050.
In line with this philosophy, 100% of CRC's suppliers have signed on to environmental, social and governance (ESG) practices. The company employs more than 500 people with disabilities and seniors and generates over THB 814mn (US$ 25mn) in sustainable income for local communities. CRC continues to expand its ESG initiatives through a variety of ongoing projects, such as installing solar rooftop panels at more than 160 shopping malls, buildings and warehouses. The project replaces up to 16% of total electricity consumption, reducing environmental impact and cutting carbon dioxide emissions by the equivalent of 86,612 tonnes. Other projects related to reducing power consumption, greenhouse gas emissions and waste generation include the installation of innovative solar LED streetlights at Robinson Lifestyle Mall branches nationwide, as well as the use of efficient refrigerators at GO Wholesale and Central Food Retail, and a project aimed at reducing food waste. Moreover, CRC has revitalised 5,000 rai (8,000,000m2) of degraded land in Chaiyaphum into a model agroforestry site producing avocados and high-value fruit, generating THB41mn (US$1.25mn) and welcoming 10,000 visitors annually.