THAI UNION LAUNCHES SEACHANGE® 2030

Editorial Staff

THAI UNION LAUNCHES SEACHANGE® 2030, COMMITTING THB 7.2 BILLION (USD 200 MILLION) TO ADVANCE SUSTAINABILITY GOALS

Thai Union Group PCL announced the launch of SeaChange® 2030, the next stage of its sustainability strategy to help reshape the seafood industry with solutions across people and planet that better sustain a future for all.

Climate change has become a “code red” for humanity, critical ecosystems are at risk and, according to the Food and Agriculture Organization of the United Nations, 600 million people directly or indirectly rely on the ocean as a source of jobs and food, especially in developing countries.

That’s why Thai Union is committing the equivalent of its entire 2022 net profit of 7.2 billion baht (USD 200 million) to SeaChange® through 2030 and setting aggressive new goals that will impact the entire seafood value chain on a global scale.

SeaChange® 2030 marks a significant expansion of the company’s sustainability strategy, first created in 2016, due to its 11 interconnected goals that will drive global impact for our people and our planet. The commitments, which actively support the delivery of 10 of the United Nations’ Sustainable Development Goals, comprise of:

PATH TO NET ZERO EMISSIONS: 42% reduction to Scope 1, 2 and 3 greenhouse gas emissions by 2030 and net zero by 2050

RESPONSIBLE WILD CAUGHT SEAFOOD: 100% of wild-caught seafood will be sourced responsibly or from a fishery in an improvement program and with responsible labor practices, extending Thai Union’s scope beyond tuna to other key species they source

RESPONSIBLE AQUACULTURE: 100% of Thai Union’s shrimp is produced minimizing ecosystem impact and meets current industry best practices in welfare and working conditions

ECOSYSTEM RESTORATION: Thai Union will contribute 250 million baht (more than USD 7 million) toward the protection and restoration of critical ecosystems

RESPONSIBLE AGRICULTURE:100% of soy and palm oil will be certified, ensuring zero deforestation across the supply chain, and 100% of chicken will be responsibly sourced

BEST-IN-CLASS MANUFACTURING: Thai Union will implement zero water discharge, zero waste to landfill and zero food loss at its five key global facilities

SAFE, DECENT, AND EQUITABLE WORK: Thai Union will continue to ensure a safe, decent, diverse and inclusive workplace for all employees while also expanding its efforts to include, 50% of management positions will be held by women, 100% of sourcing vessels will work to prevent illegal, unreported and unregulated (IUU) fishing and modern slavery, 100% of farms Thai Union sources from will use best labor practices

OCEAN PLASTICS REDUCTION: Thai Union will divert 1,500 tons of ocean-bound plastic from waterways and oceans

NUTRITION & HEALTH: 100% of branded ambient products will meet nutritional guidelines and 100% of new ambient products will drive positive nutrition

SUSTAINABLE PACKAGING: 100% of branded products will be in sustainable packaging by 2025 and Thai Union will advocate for at least 60% of private label products to be in sustainable packaging

CORPORATE CITIZENSHIP: Thai Union will contribute 250 million baht (more than USD 7 million) to give back to the communities in which it operates, in addition to ongoing support during times of crisis

From left Thiraphong Chansiri and Adam Brennan

Adam Brennan, chief sustainability officer of Thai Union said. “The time for aggressive action is now. Through SeaChange®, we aim to drive meaningful improvements across the entire global seafood industry. Commitments this ambitious require the power and collaboration of communities, governments, and organizations that can help make long overdue structural changes a reality. Together with our partners, we’re asking the wider industry and our peers to join this effort.”

“Our vision is to be the world’s most trusted seafood leader and SeaChange® 2030 helps us get there. The changes we will achieve through this strategy are crucial – not just for Thai Union, but for the good of us all.” Said Thiraphong Chansiri, president & CEO of Thai Union.