Thai Union Ranks Number One in Food Product Industry Sustainability on the 2024 Dow Jones Sustainability Indices
Thai Union Group PCL (TU), a global leader in seafood, has been rated number One in the ranking in the food product industry on the 2024 Dow Jones Sustainability Indices (DJSI), with an overall score of 85 as of 23 December 2024 . This recognition indeed reflects Thai Union’s commitment to operating with responsibilities under its SeaChange® 2030 sustainability strategy.
Thai Union has been selected for inclusion in the DJSI for the 11th consecutive year. DJSI are global indices assessing the sustainability performances of thousands of listed companies whereby the company was ranked Number One in the Food Products Industry on the Dow Jones Sustainability Indices in 2018, 2019 and 2022.
Thai Union, for this year, receives a 100% score for its sustainability on the aspect of the corporate governance and economic, environmental and social dimensions in nine areas which are: 1. Transparency and Open Performance Reporting; 2. Identification and Prioritization of Issues being Important to Business Operations and Stakeholders, both Positive and Negative; 3. Risk and Crisis Management; 4.Supply Chain Management; 5. Tax Strategic Actions; 6.Environmental Policy and Management System; 7.Biodiversity; 8. Human Rights; and 9. Health and Nutrition.
Mr. Thiraphong Chansiri, Chief Executive Officer, Thai Union Group PCL, said, “To be ranked Number One in the Food Product Industry on the DJSI is an honor and a reflection of the mutual commitment and efforts of our employees, suppliers, business partners and customers around the world to drive sustainable business under our SeaChange® 2030 sustainability strategy. We aim to improve the well-being of people while caring for abundance of the oceans in driving under a positive change in order to give rise both to our operations and the global seafood industry across the world for the people and our planet with sustainability.”
The goal of the SeaChange® 2030 sustainability strategy, which consists of 11 commitments, includes the reduction of greenhouse gas emissions by 42% in Scopes 1, 2 and 3 by 2030 and the achievement of net zero greenhouse gas emissions by 2050; ecosystem restoration in which Thai Union will provide a budgetary support of THB. 250 million (over USD. 7 million) to protect and restore key ecosystems.
Mr. Adam Brennan, Chief Executive Officer for Corporate Sustainability and Communications Development, Thai Union Group PCL, said: “This ranking reflects Thai Union’s commitment to sustainability and inspires and motivates us to continue our greater goals under SeaChange® 2030, which is the ultimate core of our business operations. Our actions not only are to reaffirm our commitment to reducing the greenhouse gas emissions, but also to give importance in setting matters of many challenging targets such as reducing biodiversity loss, sourcing raw materials with responsibilities and creating safe, decent and equitable jobs to help create positive change for future generations.”
