Thai Union was honored with the Blue Finance Leadership award at the 2021 Business+ Product of the Year Awards.

BANGKOK – On December 2, 2021, Thai Union Group PCL, a global leader in the seafood industry, was honored at the Business+ Product of the Year Awards for its pioneering efforts in Blue Finance. The company was represented by Yongyut Setthawiwat, Managing Director, Group Treasurer – Treasury and Finance Shared Services Department, at the ceremony. Thai Union has been at the forefront of Blue Finance in Thailand, demonstrating its commitment to sustainability in the financial sector. In February of the same year, the company introduced its first Sustainability-Linked Loan (SLL) amounting to THB 12 billion. This initiative was followed by the issuance of a THB 5 billion 7-year Sustainability-Linked Bond (SLB) in July, targeted at institutional investors and marking the first SLB in Thailand. In November, Thai Union further expanded its sustainable financing efforts by issuing 5-year and 10-year SLBs totaling THB 6 billion, aimed at broadening its base of institutional investors. These financial instruments are designed to support sustainability in the oceans, with interest rates tied to the achievement of specific sustainability goals and performance indicators. The Business+ Product of the Year Awards, organized by Business+ Magazine in collaboration with the College of Management at Mahidol University, recognize exceptional products and services designed to fulfill the contemporary needs of consumers.