Thai farmers join world’s first egg credit-trading scheme
Two leading Thai egg producers, Saeng Thong Saha Farm (STF) and Sanguan Farm, have become the first in Thailand to join the world’s first credit-trading scheme for cage-free eggs. The scheme, known as Impact Incentives, is a pioneering program by Global Food Partners (GFP), designed to help companies overcome sourcing challenges and achieve their cage-free targets cost effectively while empowering local farmers to scale up cage-free egg production.
In addition, for the first time in Thailand, buyers are able to source cage-free liquid eggs, from these two producers. Buyers can also offset their use of conventional processed eggs through the Impact Incentives scheme to support these producers and meet their commitment.
These advances offer vital support for companies striving to meet their sustainability goals while overcoming challenges related to supply chain limitations, high costs, and sourcing logistics.
Global leaders embrace cage-free credits
With the clock ticking for food and hospitality companies globally and in Thailand to transition to 100% cage-free egg supply chains by December 2025, GFP’s Impact Incentives program bridges the gap between supply and demand.
Food industry giants, such as Unilever, Compass Group, and Krispy Kreme, have already announced that they will use cage-free credits to bridge sourcing gaps where they are unable to source physical cage-free eggs. This approach ensures they will meet their cage-free deadline by the end of 2025, even in challenging markets.
“Achieving cage-free commitments in Thailand by 2025 is absolutely feasible,” said Jayasimha Nuggehalli, Chief Program Officer of Global Food Partners.” We are working closely with food and hospitality leaders daily to make this a reality—whether through credits, sourcing physical eggs, or a combination of both. Our Impact Incentives program offers a flexible, cost-saving solution that supports local farmers while helping companies achieve their CSR and sustainability goals”.
What are Impact Incentives?
Impact Incentives are a new-and-improved Book and Claim credit system for shell and processed eggs. If there are challenges in sourcing physical cage-free eggs, businesses can continue purchasing conventional caged eggs from their suppliers while offsetting this through the purchase of credits, known as ‘Incentives.’ This enables businesses to comply with their 100% cage-free commitments without disruption to their supply chain. Endorsed by leading animal welfare organisations, Impact Incentives provide an effective solution for companies to meet their sustainability pledges.
The benefits for food and hospitality businesses
Adopting Impact Incentives brings multiple advantages: ensuring compliance with cage-free commitments, reducing transition costs, stabilizing supply chains, simplifying reporting to advocacy groups, and supporting local cage-free producers who prioritise high welfare practices.
Supporting local cage-free producers
The Impact Incentives program not only benefits businesses but also helps producers generate additional revenue through the sale of cage-free credits. This additional income supports the growth of their cage-free operations, promoting long-term sustainability.
Saeng Thong Saha Farm (STF) and Sanguan Farm, are the first two producers in Thailand to join GFP’s Impact Incentives program, helping food and hospitality companies achieve their commitments.
Khun Thanawut Ualapan, Vice President of Saeng Thong Saha Farm, expressed his enthusiasm for the program, stating, “The cage free Impact Incentive program will make a high impact to the improvement of world animal welfare, this program will help to develop and increase number of cage free eggs in the world”.
Similarly, Khun Sathit Kruarattikan, General Manager of Sanguan Farm remarked, “Global Food Partners has created a wonderful system. The Impact Incentives reduce the financial risk to expanding our cage free eggs production”.
GFP has also provided technical support to both farms, offering guidance on animal care, farm management, and welfare standards to enhance their productivity and meet market demand.
How to get started
Businesses have several options for meeting their cage-free commitments: through 100% physical sourcing, bridging supply gaps with credits, or a combination of both. The key is to act swiftly and strategically to ensure animal welfare standards are upheld and sustainability goals are met.
For more information on the Impact Incentives program and other cage-free sourcing solutions, please contact Global Food Partners.
First published at TravelCommunication.net – Global Travel News
