Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainable Fisheries

Environmental Achievements

• Reduced carbon intensity (scope 1 and 2 emissions per tonne of finished goods) from 0.87 in 2016 to 0.71 in 2019.
• Achieved a 7% reduction in absolute scope 1 and 2 emissions and a 17% reduction in carbon emissions intensity between 2018 and 2020.

Social Achievements

• Increased the share of tuna vessels with electronic monitoring systems and/or human observers from 58% in 2020 to 71% in 2021.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Partnership with The Nature Conservancy (TNC) to achieve 100% transparency in its global tuna supply chain by 2025.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GHG Protocol

Certifications: Null

Third-party Assurance: External limited or reasonable assurance

UN Sustainable Development Goals

• SDG 7
• SDG 9
• SDG 12
• SDG 14

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Safe and Legal Labor
• Responsible Sourcing
• Responsible Operations
• People & Communities

Environmental Achievements

• Reduced water consumption by 22% compared to 2016.
• Reduced waste to landfill by 67% compared to 2016.
• Reduced greenhouse gas intensity emissions by 18% (87,547 tons CO2 equivalent) in 2019.

Social Achievements

• Launched the 100-day Global Challenge, with 82% employee participation.
• Implemented ethical trade consultancy Impactt's recommendations, resulting in a large reduction in recruitment-related costs paid by workers and higher job satisfaction.
• Opened a fourth preschool for children of migrant workers in Samut Sakhon.

Governance Achievements

• Introduced a new Combating Food Fraud and Food Defense Strategy.
• Launched a new Whistleblowing Platform for all staff and workers.
• Ranked number one in the world in the Food Products Industry Index of the Dow Jones Sustainability Indices (DJSI) for the second year in a row.

Climate Goals & Targets

Environmental Challenges

• Illegal, unreported and unregulated (IUU) fishing.
• Labor and human rights violations.
• Fish population depletion.
• Ocean plastic pollution.
• Climate change.
• Use of antibiotics in aquaculture.

Mitigation Strategies

• Full traceability of seafood products.
• Vessel Code of Conduct (VCoC) and Vessel Improvement Program (VIP).
• Partnership with NGOs and other organizations.
• Implementation of blockchain technology for worker rights protection.
• Initiatives to reduce energy consumption, water usage, and waste.
• Sun Seeker solar panel project.
• Collaboration with GGGI to reduce ghost gear.
• Tuna Commitment to source sustainably.
• Investment in alternative proteins (FeedKind®, Flying Spark).

Supply Chain Management

Responsible Procurement

• Business Ethics and Labor Code of Conduct, Ethical Migrant Recruitment Policy, Vessel Code of Conduct, Supplier Code of Conduct.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core Option and Food Processing Sector Supplement (FPSS), UN Global Compact

Third-party Assurance: Lloyd’s Register (limited assurance)

UN Sustainable Development Goals

• SDG 2 (Zero Hunger)
• SDG 8 (Decent Work and Economic Growth)
• SDG 12 (Responsible Production and Consumption)
• SDG 13 (Climate Action)
• SDG 14 (Life Below Water)
• SDG 17 (Partnerships for the Goals)

SeaChange® programs contribute to these goals through various initiatives.

Sustainable Products & Innovation

• Commercially farmed shrimp fed with FeedKind® protein.
• Products using marine ingredients derived from Thai Union tuna byproducts.

Awards & Recognition

• Ranked number one in the Food Products Industry Index of the Dow Jones Sustainability Indices (DJSI) for the second year in a row.
• Ranked number one on the inaugural Seafood Stewardship Index (SSI).
• Thai Union and WWF-UK recognized as leaders in ‘Sustainable Supply Chains’ at the edie Sustainability Leaders Awards.

Environmental Metrics

ESG Focus Areas

• Climate Change
• Responsible Sourcing
• Safe & Legal Labor
• Responsible Operations
• People & Communities

Environmental Achievements

• Reduced GHG emission intensity by 28% compared to 2016 baseline (0.63 TonCO2e/TonFG in 2020)
• 87.1% of tuna sourced from fisheries that meet the MSC standard or are in a FIP by the end of 2020

Social Achievements

• Listed on the Dow Jones Sustainability Indices (DJSI) for the seventh consecutive year in 2020, ranked second in the world on the Food Products Industry Index
• Partnership with The Nature Conservancy (TNC) to achieve 100% electronic monitoring of tuna supply chain by 2025

Governance Achievements

• Established Sustainability Committee co-chaired by CEO and Group Director of Sustainability

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic caused significant disruption to operations
• Challenges in ensuring 100% sustainable sourcing of tuna

Mitigation Strategies

• Continued implementation of programs and policies to further progress on sustainable development despite COVID-19
• Established 9 tuna FIPs and participated in FIPs for other species
• Partnership with TNC for 100% electronic monitoring by 2025

Supply Chain Management

Responsible Procurement

• Electronic Monitoring Systems and/or human observers on board tuna vessels

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SLBP 2020, SLLP 2021

Third-party Assurance: Sustainalytics (Second Party Opinion), Lloyds’ Register Quality Assurance Ltd (KPI 2), The Nature Conservancy (KPI 3)

UN Sustainable Development Goals

• UNSDG 8
• UNSDG 14
• UNSDG 13
• UNSDG 2

SeaChange® programs align with these SDGs

Awards & Recognition

• Rated No. 2 Company in the World in the Food Products Industry Index of the Dow Jones Sustainability Indices (DJSI)
• Inclusion in the Thailand Sustainability Investment Index (THSI)
• Inclusion in the FTSE4Good Emerging Index
• SDG Impact Award at the Responsible Business Awards 2020
• Human Rights Award 2020
• Marine Stewardship Council’s (MSC) 2020 UK Canned Brand of the Year Award: JOHN WEST

Environmental Metrics

ESG Focus Areas

• Climate Change
• Responsible Sourcing
• Human Rights
• Governance

Environmental Achievements

• Ranked No. 1 Company in the World in the Food Products Industry Index of the 2022 Dow Jones Sustainability Indices (DJSI)
• Ranked No. 1 Company in the 2023 Seafood Stewardship Index (SSI) by the World Benchmarking Alliance (WBA) for the third consecutive time
• Awarded the Environmental and Social Management (ESRM) Pioneer Award at 2023 ASEAN Risk Awards
• Gold Class Distinction in the S&P Global Sustainability Yearbook 2023

Social Achievements

• Ranked No. 1 Company in the 2023 Seafood Stewardship Index (SSI) by the World Benchmarking Alliance (WBA) for the third consecutive time (Social Responsibility)
• MSCI “A” Rating on Environmental, Social, and Governance (ESG) Performance
• Inclusion in the FTSE4Good Emerging Index for the seventh consecutive year
• Recognition on the AmCHAM CSR Recognition List for the second consecutive year
• Human Rights Award at the World Sustainability Awards 2022 by Sustainable Leaders

Governance Achievements

• Ranked No. 1 Company in the World in the Food Products Industry Index of the 2022 Dow Jones Sustainability Indices (DJSI) (Governance & Economic Dimension)
• Recognition in the Corporate Governance Report of Thai Listed Companies for the Seventh Consecutive Year
• Sustainability Disclosure Award 2022 by Thaipat Institute

Climate Goals & Targets

Environmental Challenges

• Climate Change impacts on oceans and marine species
• Food insecurity globally
• Need for responsible aquaculture practices

Mitigation Strategies

• SeaChange® 2030 strategy with 11 interconnected commitments
• Partnerships with organizations like ASC, IDH, SFP, TNC, and GGGI
• Alignment of net-zero targets with SBTi
• Focus on traceability, improved calculations, responsible sourcing, production improvements, post-consumer waste reduction, and customer support

Supply Chain Management

Responsible Procurement

• Traceability
• Sustainable Sourcing

Climate-Related Risks & Opportunities

Physical Risks

• Ocean warming and acidification

Reporting Standards

Frameworks Used: SLBP 2023, ASEAN SLBS 2022, SLLP 2023

Third-party Assurance: DNV (Second Party Opinion), Lloyds’ Register Quality Assurance Ltd (KPI 2, 3, 4)

UN Sustainable Development Goals

• 10 of the UN Sustainable Development Goals

SeaChange® 2030 actively supports 10 of the UN SDGs

Awards & Recognition

• Ranked No. 1 Company in the World in the Food Products Industry Index of the 2022 Dow Jones Sustainability Indices (DJSI)
• Ranked No. 1 Company in the 2023 Seafood Stewardship Index (SSI) by the World Benchmarking Alliance (WBA) for the third consecutive time
• Awarded the Environmental and Social Management (ESRM) Pioneer Award at 2023 ASEAN Risk Awards
• Gold Class Distinction in the S&P Global Sustainability Yearbook 2023
• MSCI “A” Rating
• Inclusion in the FTSE4Good Emerging Index for the seventh consecutive year
• Recognition on the AmCHAM CSR Recognition List for the second consecutive year
• Recognition in the Corporate Governance Report of Thai Listed Companies for the Seventh Consecutive Year
• Sustainability Disclosure Award 2022
• Human Rights Award at the World Sustainability Awards 2022