Thai Union has pledged its entire 2022 net profit into meeting the seafood industry’s most far-reaching commitment with the launch of SeaChange 2030, the next stage of its sustainability strategy to help reshape the seafood industry with a sustainable future.
According to the company, climate change has become ‘code red’ for humanity, with critical ecosystems are at risk – quoting the FAO statistic that 600 million people directly or indirectly rely on the ocean as a source of jobs and food, especially in developing countries.
‘The seafood industry needs to do more when it comes to caring for our people, our planet and our oceans,’ said Thai Union’s chief sustainability officer Adam Brennan.
‘The time for aggressive action is now. Through SeaChange, we aim to drive meaningful improvements across the entire global seafood industry. Commitments this ambitious require the power and collaboration of communities, governments, and organizations that can help make long overdue structural changes a reality. Together with our partners, we’re asking the wider industry and our peers to join this effort.’
He said that SeaChange 2030 marks a significant expansion of the company’s sustainability strategy, first established in 2016, due to its eleven interconnected goals to drive global impact for people and the planet. These commitments actively support the delivery of ten of the United Nations’ Sustainable Development Goals, taking in the path to net zero emissions, responsible seafood, aquaculture and agriculture, ecosystem restoration, nutrition & health and corporate citizenship, among others.
Thai Union is collaborating with some of the key 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. These partners include the Sustainable Fisheries Partnership, the Aquaculture Stewardship Council, the Nature Conservancy, IDH – the Sustainable Trade Initiative and the Global Ghost Gear Initiative
Thai Union states that it is aligning its net zero targets with the Science Based Targets initiative (SBTi) and will drive the deployment of new environmental data collection tools to help deliver a net zero economy. This makes Thai Union the first global seafood company to set goals verified by SBTi, accelerating meaningful progress in the industry.
‘We view SeaChange as our license to operate,’ said Thai Union President & CEO Thiraphong Chansiri.
‘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. The changes we will achieve through this strategy are crucial – not just for Thai Union, but for the good of us all.’