Carabao Group received a prestigious global sustainability award from the S&P Global Corporate Sustainability Assessment (CSA) at the “S&P Global Sustainability Yearbook 2024 Distinction Ceremony.” The company secured the top spot in the energy drinks market and the second position in the overall beverage industry in Thailand, affirming its vision of "World Class Product, World Class Brand."
Kamoldist Smuthkochorn, Deputy Managing Director of Carabao Group Public Company Limited (CBG), represented the organization in receiving the Sustainability Yearbook Member 2024 award at the “S&P Global Sustainability Yearbook 2024 Distinction Ceremony.” The award was presented by Robert Dornau, Head of CSA Corporate Engagement at S&P Global, during the ceremony held at the Bangkok Marriott Marquis Queen's Park Hotel, Bangkok, on May 29.
Carabao Group was ranked among companies with world-class sustainable business operations in The Sustainability Yearbook 2024 for the first time. Achieving the top score in the energy drinks category and ranked second in the beverage industry in Thailand places Carabao Group among the highest-scoring companies in the top 15% compared to others in the same industry globally. These rankings were derived from the evaluation of over 9,400 companies across 62 industries worldwide in 2023. The recent achievement exemplifies Carabao Group's unwavering dedication to its vision of "World Class Product, World Class Brand." It showcases the company's commitment to holistic sustainable management, encompassing environmental, social, and governance (ESG) aspects.
Sathien Sathientham, CEO of Carabao Group Public Company Limited, stated that The Sustainability Yearbook 2024 is a highly respected sustainability assessment trusted by investors worldwide. It is based on S&P CSA's rigorous assessment criteria, covering environmental, social, governance, and economic dimensions. In the past year, S&P CSA intensified its evaluation by refining the questions and adding more in-depth topics. Receiving the Sustainability Yearbook 2024 award is another milestone of success for Carabao Group, reflecting our commitment to fostering business growth aligned with our sustainability vision of "Engaging in Creating a Society of Opportunity for a Better Life."
"Receiving this award is a success for everyone in the Carabao Group. This remarkable accomplishment fuels the pride and inspires everyone at Carabao Group to continue delivering ‘World Class Products’ and building a ‘World Class Brand.’ All employees have diligently collaborated and contributed to this achievement. We will continue to strive for strong and sustainable growth, aiming to bring positive changes to the economy, society, and the environment," Sathien concluded.
