Some weeks ago, Thai Union Group has been ranked number one in the world in the food industry on the Dow Jones Sustainability Indices (DJSI), further validating the progress made under its global sustainability strategy, SeaChange®. The group, one of the world’s largest seafood companies, has now been listed for nine consecutive years on the DJSI, a family of indices evaluating the sustainability performance of thousands of publicly traded companies. The company was ranked number one on the Food Products Industry Index of the DJSI.
“Sustainability sits at the heart of Thai Union’s business,” said Thirapong Chansiri, President and CEO of Thai Union. “We are ambitious about driving positive change not just in our own operations but across the entire global seafood industry. Through our commitment to ‘Healthy Living, Healthy Oceans,’ our company is implementing industry-leading initiatives that are not just addressing some of the biggest challenges facing the industry but delivering impactful change.”
The top ranking on the DJSI comes after Thai Union was last year ranked number one on the Seafood Stewardship Index (SSI) for the second consecutive time for its performance delivering towards the United Nations Sustainable Development Goals (UN SDGs).
100th percentile score in 18 areas
In the dimensions of Social and Environmental, Thai Union achieved a 100th percentile score while it received a 97th percentile score for the Governance & Economic Dimension.
The company also received a 100th percentile score in 18 areas: Materiality, Risk & Crisis Management, Policy Influence, Supply Chain Management, Innovation Management, Environmental Reporting, Environmental Policy & Management Systems, Operational Eco-Efficiency, Biodiversity, Sustainable Agricultural Practices, Water Related Risks, Social Reporting, Human Rights, Living Wage, Talent Attraction & Retention, Corporate Citizenship & Philanthropy, Occupational Health & Safety, and Health & Nutrition.
During the last year, Thai Union has continued to advance its sustainability strategy, including installing an additional 7 Mega Watts of solar energy at the company’s factory in Samut Sakhon; in the Seychelles, 30% of Thai Union’s fish processing plant is covered by solar panels, supplying 8% of its total energy consumption; and entering a partnership with the Sustainable Fisheries Partnership to strengthen transparency in Thai Union’s supply chains.
Also, the company adopted the “Employer Pays Principle”, meaning that no migrant worker pays for a job; conducting the company’s first at-sea audits, the first of its kind conducted in the industry; as well, demonstrating leadership in Blue Finance with Sustainability-Linked Loans and Sustainability-Linked Bonds, which include targets that deliver benefits to the oceans.
Showing the way
“At Thai Union, we’re proud to be a leader and set the standard for others in the seafood industry to follow,” said Adam Brennan, Group Director, Sustainability, at Thai Union. “We are committed to continuing to demonstrate that leadership and we’re excited that in early 2023 we will announce the next iteration of SeaChange®, with a series of ambitious targets through to 2030 including climate change goals in line with the Science Based Targets Initiative.”
The S&P Global Corporate Sustainability Assessment (CSA) evaluates and assesses the sustainability practices of approximately 10,000 companies globally every year. The CSA enables companies such as Thai Union to benchmark their performance on a wide range of industry-specific economic, environmental and social criteria that are relevant to sustainability focused investors.
Thai Union Group PCL is, with no doubt, a world’s seafood leader for 45 years. Today, the company is regarded as one of the world’s leading seafood producers and is one of the largest producers of shelf-stable tuna products with annual sales exceeding THB 141.0 billion (USD 4.5 billion) and a global workforce of more than 44,000 people who are dedicated to pioneering sustainable, innovative seafood products.
The company’s global brand portfolio includes market-leading international brands such as Chicken of the Sea, John West, Petit Navire, Parmentier, Mareblu, King Oscar, Hawesta, and Rügen Fisch, Thai-leading brands SEALECT, Fisho, Qfresh, Monori, OMG Meat, Bellotta and Marvo, and ingredient and supplement brands UniQ®BONE, UniQ®DHA and ZEAvita.
“Healthy Living, Healthy Oceans”
As a company committed to “Healthy Living, Healthy Oceans”, Thai Union manifest is proud to be a member of the United Nations Global Compact, a founding participating company of the International Seafood Sustainability Foundation (ISSF), and current Chair of Seafood Business for Ocean Stewardship (SeaBOS).
Thai Union‘s on-going work through its SeaChange® sustainability strategy was recognized when the company was listed on the Dow Jones Sustainability Indices (DJSI) for the ninth consecutive year in 2022. Thai Union was also named to the FTSE4Good Emerging Index for the sixth straight year in 2021. Find out more about our work at seachangesustainability.org.