Central Retail Corporation Public Company Limited

2024

Top Community Centric Companies in Asia

Central Retail Corporation Public Company Limited

Top Community Centric Companies in Asia

2024

ABOUT Central Retail Corporation Public Company Limited

Empowering Communities, Driving Change

“The company empowers communities through sustainable and inclusive development.”

Central Retail Corporation Public Company Limited (“Central Retail”) is the leading multi-format and multi-category retailing and wholesaling platform in Thailand. The Company is also growing internationally, securing leadership status in Italy, and becoming one of the leaders in Vietnam. The Company is a pioneer in Omnichannel retailing in Thailand, complementing its retail store network and merchandise offerings with leading positions among store-based retailers in online traffic. Central Retail believes the company has helped to drive the evolution of consumer lifestyles and shopping habits in Thailand, Vietnam and Italy by introducing new retail and wholesale experiences to the customer, including department stores, specialty stores, supermarkets, hypermarkets, mini supermarkets and retail plazas.

Central Retail’s commitment to enriching communities is embedded in its business operations, going beyond mere philanthropy. The company aligns its community outreach programs with core business activities to promote socioeconomic self-sufficiency and independence in the communities it serves. These initiatives are designed to create long-term impacts, focusing on sustainable growth and improving the quality of life for local residents. The company’s programs target various community needs, from enhancing local agriculture to developing small businesses, ensuring these communities thrive both economically and socially.

Central Retail’s community initiatives are driven by a dedicated team, supported by a special committee and partnerships with external bodies to provide expertise and resources. The JingJai Farmers’ Market initiative exemplifies this, helping local farmers improve their production through access to tools, knowledge, and wider markets. By ensuring fair value for their products and promoting sustainable farming, the initiative strengthens local economies and fosters self-sustaining agricultural communities. This approach ensures long-term benefits for both farmers and the wider community.

Another critical aspect of Central Retail’s community involvement is its support for vulnerable groups, particularly individuals with disabilities. The company has made it a priority to integrate people with disabilities into its workforce, providing them with meaningful employment opportunities and helping them achieve financial independence. This effort is part of the company’s broader commitment to reducing inequality, fostering diversity, equity and inclusivity. By offering training and development programs, Central Retail ensures that individuals from all walks of life have the opportunity to contribute to the economy and benefit from its growth.

Environmental sustainability is another key driver of Central Retail’s community programs. The company’s ReNEW strategy integrates social responsibility with environmental stewardship, emphasizing the importance of sustainable business practices. Central Retail has committed to reducing its environmental footprint, with initiatives ranging from the use of materials to the promotion of responsible sourcing. Its focus on organic farming and eco-friendly products reflects its dedication to environmental conservation while also providing local communities with sustainable sources of income. Projects like organic agriculture not only generate revenue for farmers but also contribute to the preservation of natural ecosystems, aligning with the company’s broader sustainability goals.

Leadership within Central Retail plays an essential role in the success of its community programs. The company’s top executives, including the CEO and Board of Directors, are actively involved in shaping and overseeing these initiatives, ensuring they are aligned with the company’s strategy and long-term vision. This high level of engagement guarantees that the programs receive the attention and resources necessary to make a lasting impact. It also reflects the company’s deep commitment to fostering sustainable development, both within the business and in the communities it serves.

Central Retail’s focus on empowering communities and promoting active citizenship sets it apart as a company that genuinely cares about societal well-being. By integrating community development into its core business strategy, the company ensures that its initiatives are not only impactful but also sustainable. Through programs that foster socioeconomic self-sufficiency, support vulnerable groups, and promote environmental responsibility, Central Retail demonstrates its commitment to making a positive and lasting difference in the lives of those it serves. The company’s efforts in driving sustainable development across all its operations highlight its role as a leader in creating meaningful change for communities.

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