Sustainability at Thai Union

Sustainable development is essential to the future of Thai Union’s business and our growth; it is fundamental to being a responsible corporate citizen for both our employees and our global community. Being transparent, not only showcasing our achievements, but highlighting the areas we have identified for improvement, is fundamental to our vision of being the world’s most trusted seafood leader.

We have a responsibility to set the standard for social, environmental and economic performance across our operations and into our supply chains. Recognizing this responsibility to show leadership, we heeded the calls of our stakeholders with SeaChange®, Thai Union’s sustainability strategy with measurable commitments to delivering real, lasting changes in the way we operate.

SeaChange® aims to drive a positive transformation throughout the global seafood industry. We are also committed to “Healthy Living, Healthy Oceans”, recognizing the role that the oceans and seafood play in combating ongoing challenges such as climate change, as well as providing healthy, nutritious diets for consumers. “Healthy Living, Healthy Oceans” will allow us to continue to evolve SeaChange®.

While COVID-19 caused significant disruption to businesses around the world last year, including Thai Union, we maintained our focus on pursuing our sustainability goals and setting the standards for the rest of the industry to follow. In 2020, Thai Union was proud to have been listed on the Dow Jones Sustainability Indices (DJSI) for the seventh consecutive year. With continuous year-on-year improvement and an increase in our overall score, we were ranked second in the world on the Food Products Industry Index. While COVID-19 had an impact on Thai Union’s operations, we continued to implement programs and policies to further progress on sustainable development. We also continued to work with the broader seafood industry and civil society, and where COVID-19 prevented us from meeting stakeholders face-to-face, we remained engaged by participating in a series of webinars and panels in markets around the world.

We think of SeaChange® as a journey that covers every aspect of the seafood business, transparently. This ranges from how we look after the oceans to how we manage our waste; from the responsibility we take for our workers to building brighter futures for the communities around our key sites.

The backbone of our sustainability strategy is the ability to fully trace our seafood – from catch to consumption. With full traceability in place, we will be able to identify, investigate and improve performance on key issues such as labor and responsible sourcing.

As one of the world’s largest seafood companies, we recognize that we have both the responsibility and the capacity to be a leader for positive change. We understand how critical ocean-based solutions are to climate change and reducing global greenhouse gas emissions. The oceans are, of course, the foundation of our business and healthy oceans are critical for the future of the planet and in combating climate change.

In 2020, as part of our ongoing commitment to tackling climate change and its impact on the world’s oceans, Thai Union became the first food producer and Thailand-listed Company to join EP100, a Climate Group initiative on smarter energy use.

2020 marked the end of the first five years of SeaChange®. The journey has been challenging but at Thai Union we’re proud of what we have achieved, from working to ensure our seas are more sustainable, to introducing policies that make sure our workers are safe and legally employed, to working with the vessels we source from so that they are legal and operate in a responsible way. As we look forward to the next

five years of SeaChange®, we will introduce a new objective of ‘Combating climate change and promoting healthy diets through sustainable seafood’ as we continue to pursue policies that can drive change throughout the seafood industry. As part of our commitment to addressing climate change, we will also make a commitment to UN Sustainable Development Goal 13 – Climate Action.

UN Sustainable Development Goals and UN Global Compact

While this work is designed to have a positive impact on the seafood industry, the milestones we achieve under our programs will also deliver against the United Nations (UN) Sustainable Development Goals (SDGs) and is guided by our commitment to the UN Global Compact (UNGC). In line with SeaChange®, Thai Union is focused on delivering against the UN Sustainable Development Goals, with actions delivered against three in particular, contributing to broader societal change in areas where we can have direct influence, including:

The need to combat hunger and produce seafood ethically is ongoing. Technology advances mean we have many more tools at our disposal to ensure all our food is produced sustainably and that we are continuously working to maintain fish stocks for generations to come.

Aside from the three SDGs mentioned above, our work also contributes to the realization of other UN SDGs, such as Goal 13 on Climate Action and Goal 17 on Partnerships.