CPAXT Synergizes with Industry Leaders, Signing MoU to Drive Transition to Sustainable Packaging, Boost Circular Economy, and Strengthen Sustainability in Thailand's Retail and Wholesale Sector

Bangkok - 19 August 2024 - CP Axtra Public Company Limited, a leading wholesaler and retailer under the 'Makro-Lotus's' brand, has signed a Memorandum of Understanding (MoU) with four prominent partners: Nestlé (Thai) Limited, ThaiNamthip Company Limited, HaadThip Public Company Limited, and Pathum Vegetable Oil Company Limited. The partnership is poised to advance corporate sustainability, driven by a shared vision to minimize environmental impact. By promoting a circular economy through sustainable packaging, this partnership aims to drive positive change and strengthen sustainability within Thailand's retail and wholesale industry.

Under this MoU, CP Axtra Public Company Limited and its four prominent business partners are spearheading the transition to 'sustainable packaging'—utilizing recyclable, biodegradable, or recycled materials for the packaging of products sold to CP Axtra. In addition, CP Axtra will replace signage and promotional materials made from polypropylene plastic at its distribution centers with those made from biodegradable or recyclable materials. This initiative aims to promote the adoption of sustainable packaging and encourage sustainable and eco-friendly innovations to ensure the delivery of quality products to customers.

CP Axtra is committed to conducting business with a focus on sustainability, considering the economic, social, and environmental impacts across its supply chain. The Company prioritizes the implementation of a circular economy as a core strategy to achieve its corporate sustainability goals by 2030. This includes optimizing resource utilization and waste management, promoting sustainable packaging, and campaigning against single-use packaging through the principles of Reduce, Reuse, and Recycle to minimize environmental and social impacts.