Thai Union Recognized as one of the World's Highest Performing Sustainable Companies by S&P Global

Friday 19 February 2021 13:09
Thai Union Group PCL has been recognized as one of the world's highest performing sustainable companies, receiving a Gold Class distinction in the S&P Global Sustainability Yearbook 2021.
Thai Union Recognized as one of the World's Highest Performing Sustainable Companies by SP Global

Thai Union was ranked number one in the food industry for Social criteria, which assesses human rights and occupational health and safety. The company came in second for both Environmental - covering climate strategy, operational eco-efficiency, packaging and raw material sourcing - and Governance and Economic, which includes health and nutrition, innovation management and supply chain management.

Thai Union, the world's leading seafood company, was one of only five companies to receive a Gold Class distinction in the food industry following the S&P's Global Corporate Sustainability Assessments of more than 7,000 companies from 61 industries around the world.

"Sustainable development is fundamental to how we operate and Thai Union takes very seriously its responsibility as an industry leader to drive positive change," said Dr. Darian McBain, Global Director, Corporate Affairs and Sustainability. "Although COVID-19 caused disruptions around the world and to our business last year, we continued to pursue our ambitious sustainability goals as well as collaborate to set standards for the global industry."

While COVID-19 had an impact on Thai Union's operations last year, the company continued to implement programs and policies to further progress on sustainable development. At the same time, Thai Union has been supporting those impacted by the virus, providing food donations around the world along with personal protection equipment and other needed items to hospitals dealing with COVID-19 patients, in line with the company's commitment to support local communities where it operates.

The recognition from S&P Global comes after Thai Union was last year listed on the Dow Jones Sustainability Indices (DJSI) for the seventh straight year, which recognizes that sustainability is not only integrated across the company's business practices, but has become the way the company does business. In 2020, Thai Union was ranked second in the world on the Food Products Industry Index of the DJSI. The company was also named to the FTSE4Good Emerging Index for the fifth straight year.

About Thai Union Group
Thai Union Group PCL is the world's seafood leader bringing high quality, healthy, tasty and innovative seafood products to customers across the world for more than 40 years.

Today, Thai Union is regarded as one of the world's leading seafood producers and is one of the largest producers of shelf-stable tuna products with annual sales exceeding THB 126.3 billion (US$ 4.1 billion) and a global workforce of over 44,000 people who are dedicated to pioneering sustainable, innovative seafood products.

The company's global brand portfolio includes market-leading international brands such as Chicken of the Sea, John West, Petit Navire, Parmentier, Mareblu, King Oscar, and Ruegen Fisch and Thai-leading brands SEALECT, Fisho, Qfresh, Monori, Bellotta and Marvo.

As a company committed to innovation and globally responsible behavior, Thai Union is proud to be a member of the United Nations Global Compact, and a founding member of the International Seafood Sustainability Foundation (ISSF). In 2015, Thai Union introduced its SeaChange(R) sustainability strategy. Find out more at seachangesustainability.org. Thai Union's on-going work on sustainability issues was recognized in 2018 and 2019 by being ranked number one in the world in the Food Products Industry in the Dow Jones Sustainability Index, achieving a 100th percentile ranking for total sustainability score. Thai Union has now been named to the DJSI for seven consecutive years. Thai Union was also named to the FTSE4Good Emerging Index for the fifth straight year in 2020.

Source: Thai Union Group