Thai Union releases sustainability report, plans to add climate targets

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Thai Union released its 2021 Sustainability Report to showcase its efforts in achieving its sustainability goals, including plans to decarbonize its operations.

In 2016, Thai Union introduced its global sustainability strategy, SeaChange, which contains measurable commitments to drive transformations across its operations and supply chain.

Its latest report, released on May 31, reviews the progress made by Thai Union through the implementation of SeaChange over the past year.

Thai Union has completed its first greenhouse gas inventory for Scope 1, 2 and 3 emissions and has committed to full transparency in its international tuna supply chain by 2025.

This year, the company plans to announce a major update to SeaChange, which will include the introduction of new science targets to help combat the threats of climate change.

“We are also excited about our future plans, which will further expand our industry leadership role, starting with a significant review of SeaChange, including setting new goals and commitments through 2030,” said Adam. Brennan, director of the Thai Union group for sustainability. “We have also submitted a Letter of Commitment to the Science Based Targets Initiative (SBTi) and look forward to announcing our short- and long-term climate goals as we scale up our action to address the existential threat. of global warming.”

Thai Union has entered into various blue finance loan agreements to support the implementation of its sustainability goals. The company’s adoption of blue finance initiatives, which are linked to the implementation of key performance indicators and sustainability performance targets, will help the company achieve its sustainability objectives, he said, including a goal to have 75% of its long-term funding come from blue finance loans by 2025.

Last year, Thai Union also participated in the Ocean Disclosure Project, a global initiative where seafood companies publicly share details about their seafood sourcing. to carry out its SeaChange, as well as commitments to traceability and transparency in its commercial operations.

“The backbone of our sustainability strategy is the ability to fully trace our seafood products 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,” the company said.

Photo courtesy of Thai Union

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