Thai Union has released its 2022 Sustainability Report, which highlights the company's advancements and sets forth fresh objectives as part of its SeaChange® 2030 initiative.

BANGKOK, August 2, 2023 – Thai Union Group PCL has unveiled its 2022 Sustainability Report, showcasing the strides made throughout the year and outlining its ambitious objectives as part of SeaChange® 2030, the company's updated sustainability agenda. This strategy, supported by a substantial investment of THB 7.2 billion (approximately USD 200 million), aims to set bold new targets that will significantly influence the global seafood industry's entire value chain. The document offers a comprehensive examination of Thai Union's efforts in 2022 to foster positive change within its operations and the broader seafood sector. As a leading global seafood producer and a major manufacturer of shelf-stable tuna products, the company has been at the forefront of driving sustainable practices. Thiraphong Chansiri, CEO of Thai Union Group, emphasized the company's commitment to sustainability, stating, "Thai Union is a company with grand ambitions, and our global sustainability strategy is crucial to our aim of becoming the most trusted seafood leader worldwide. This report highlights our ongoing initiatives and programs that are making a significant impact on transforming the seafood industry. Despite facing considerable challenges, our new SeaChange® 2030 strategy demonstrates our commitment to addressing these issues head-on." In 2022, Thai Union achieved several milestones, including: - Fully implementing the Employer Pays Principle to prevent workers from paying for employment. - Proposing short-term and long-term climate change objectives to the Science Based Targets Initiative for validation. - Forming a collaboration with the Sustainable Fisheries Partnership to enhance supply chain transparency. - Conducting the inaugural at-sea audit to evaluate crew working conditions and welfare on longline vessels. - Releasing its first Task Force on Climate-related Financial Disclosures (TCFD) report. - Achieving a 7 percent reduction in Scope 1 & 2 greenhouse gas emissions compared to 2021. - Increasing the proportion of tuna sourced from vessels with electronic monitoring and/or human observers from 71 percent in 2021 to 79 percent. Adam Brennan, Chief Sustainability Officer at Thai Union, expressed pride in the company's progress and enthusiasm for the future, highlighting the SeaChange® 2030 strategy and its 11 interconnected goals as a driving force for continued positive impact. Thai Union's commitment to sustainability has been recognized globally, with the company being listed on the Dow Jones Sustainability Indices (DJSI) for the ninth consecutive year and achieving the No.1 ranking in the food industry. This distinction places Thai Union in the top 1 percent of over 7,800 companies evaluated in the S&P Global Sustainability Yearbook 2023. Additionally, the company has been included in the FTSE4Good Emerging Index for seven consecutive years. The 2022 Sustainability Report is available for download. About Thai Union Since its inception in 1977, Thai Union Group PCL has emerged as a global leader in the seafood industry, committed to delivering high-quality, healthy, tasty, and innovative seafood products worldwide. With annual sales surpassing THB 155.6 billion (US$ 4.4 billion) and a dedicated global workforce of over 44,000, Thai Union continues to lead in sustainable and innovative seafood offerings. The company's portfolio includes internationally renowned brands and is committed to promoting "Healthy Living, Healthy Oceans." As a proactive member of various sustainability initiatives and with its SeaChange® 2030 strategy, Thai Union has solidified its position as a sustainability leader in the seafood industry. For more information on the company's sustainability efforts, visit seachangesustainability.org.