Global seafood leader, Thai Union Group PCL, has announced the launch of SeaChange 2030 and pledged its entire 2022 net profit toward meeting its sustainability goals.
SeaChange 2030 is Thai Union’s next stage of its sustainability strategy to help reshape the seafood industry with solutions across people and the planet that better sustain a future for all.
Climate change is threatening our existing ecosystems which will impact more than 600 million people that rely on the ocean for their source of income. Thai Union is committing its entire 2022 net profit of Bt 7.2 billion (US$200 million) to SeaChange through 2030 and it has set aggressive goals that will have impact on the entire seafood value chain.
SeaChange 2030 marks a significant expansion of the company’s sustainability strategy, first created in 2016. The commitments, which actively support the delivery of 10 of the United Nations’ Sustainable Development Goals comprise of Path to Net Zero Emissions; Responsible Wild-Caught Seafood; Responsible Aquaculture; Ecosystem Restoration; Best-in-Class Manufacturing; Safe, Decent & Equitable Workplace; Ocean Plastics Reduction; Nutrition & Health; Sustainable Packaging and Corporate Citizenship.
For example, Thai Union has pledged to contribute Bt 250 million (US$7 million) towards the protection of critical ecosystems and another similar amount for community projects during this time of crisis.
Thai Union is collaborating with some of the most impactful players in global sustainability and eco-leadership to launch its next stage strategy as the seafood industry’s leading agent of change, engaging thousands of vessels and farms to meet these goals.
Adam Brennan , Chief Sustainability Officer of Thai Union said, “The seafood industry needs to do more when it comes to caring for our people, our planet and our oceans.”
Thai Union launched SeaChange in 2016. Through this work, the company has been ranked No.1 on the Dow Jones Sustainability Indices (DJSI ) and has been listed for nine consecutive years. The company also currently ranks No.1 on the Seafood Stewardship Index.
Thiraphong Chansiri , President & CEO of Thai Union said, “At Thai Union, we view SeaChange as our license to operate. We believe it is important to treat the resources we rely upon responsibly, so we can nourish people and provide work in communities all over the globe for generations to come. Our vision is to be the world’s most trusted seafood leader and SeaChange 2030 helps us get there.”