Welcome to a voyage deep into the dazzlingly blue world of Thai Union Group PCL, the flagship carrier of the ocean’s bounties, and a titan in the realm of sustainable seafood. This venerable institution has not just conquered the seven seas with its sumptuous offerings but has charted an unbroken decade-long course on the prestigious Dow Jones Sustainability Indices (DJSI). Yes, for ten years running, they have woven a tapestry of green and blue initiatives that shimmer with the acknowledgment of a job well done.
The tale begins in the year two thousand and thirteen, a pivotal moment when the DJSI first beckoned, and Thai Union heeded the call. What followed was nothing short of a metamorphosis, a transformative journey that saw the company sprout fins of corporate governance, gills of social responsibility, and scales of environmental stewardship. Their consistently forward-moving flippers have kept them afloat on the DJSI, thanks not only to their milestone accomplishments but also to an inexhaustible current of innovation.
Enter the stage, Thiraphong Chansiri, the esteemed captain and CEO of Thai Union, whose words resonate with the passion of the seas: “A decade cradled in the DJSI’s embrace paints our resolve in vivid shades of sustainability. It’s not just about charting the industry’s course as a seafood guide; it’s about nurturing a corporate ethos that is as responsible and ethical as it is robust and thriving. Our SeaChange® 2030 strategy is the compass that leads us, the map to our treasure trove of impactful change.”
The DJSI, with its stringent standards as high as mastheads in a gale, has been both the lighthouse and the challenging squall for Thai Union, urging the company to continually raise their game. It has rocketed Thai Union to the forefront of oceanic innovation, particularly in environmental care — an area where they don’t just follow the current, they create it. The company’s novel role in Blue Finance, an eco-conscious financial escapade, underscores their commitment to the aquatic terrains they so cherish.
Guiding Thai Union’s nautical narrative is SeaChange®, the captain’s log of sustainability, first penned in 2016 and refreshed anew in 2023. It has firmly anchored sustainability within the company’s hull, steering their ship with 11 interlocking objectives that chart a course towards a horizon filled with promise and responsibility.
“The DJSI’s salute is the wind in our sails as we embark on future expeditions,” notes Adam Brennan, the steward of sustainability at Thai Union. “Our quest is for continued advancement, setting the pace for a sustainable seafood industry. With SeaChange® 2030 as our guiding star, we’re committed to delivering a legacy that will ripple through the waters of time, a healthier planet for the fisherfolk of tomorrow.”
Thai Union’s SeaChange® 2030 goals are ambitious and as diverse as the marine life they champion: slashing greenhouse gases, donating millions to ecosystem protection, achieving operational eco-friendliness, and ensuring ethically sourced shrimp and wild-caught programs. It’s about creating a working environment as healthy and vibrant as the coral reefs they vow to preserve.
The company’s endeavors do not go unnoticed, as the S&P Global Corporate Sustainability Assessment (CSA) scrutinizes approximately 10,000 enterprises with a watchful eye. This rigorous evaluation allows leaders like Thai Union to measure their green credentials against a yardstick fashioned specifically for their industry seascape.
Steer a little closer, and you might just hear the splash of Thai Union’s ongoing march towards sustainability, a symphony that harmonizes with the oceans’ chorus, promising a future where the sea’s treasures and the responsibility to preserve them can coexist in splendid equilibrium.
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