Thai Union : and Sustainable Fisheries Partnership record successes in first year of partnership

BANGKOK (THAILAND) & PORTLAND (US) - August 22, 2023 - Thai Union Group PCL and Sustainable Fisheries Partnership (SFP) released a report on the achievements of their first year of collaboration, solidifying their commitment to transforming the seafood industry for the better, backed by Thai Union's recently launched SeaChange^® 2030 sustainability plan.

As one of the world's leading seafood companies, Thai Union recognizes its profound responsibility for sustainable and ethical seafood sourcing. Thai Union is committing the equivalent of its entire 2022 net profit of THB 7.2 billion (USD 200 million) to SeaChange® through 2030 to help reshape the seafood industry with solutions across people and planet that better sustain a future for all.

"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 partners like SFP that can help make long overdue structural changes a reality. Together, we're asking the wider industry and our peers to join this effort," said Adam Brennan, Chief Sustainability Officer of Thai Union.

"Thai Union is setting a new level and expectations for seafood sustainability with its ambitious and concrete commitments to protect ocean wildlife. If everyone followed suit, the seafood industry could play a huge role in addressing this biodiversity crisis and help restore marine wildlife," said Kathryn Novak, Biodiversity and Nature Director, SFP.

Caption: In April, Thai Union became the inaugural company to sign SFP's Protecting Ocean Wildlife pledge. Kathryn Novak, SFP'S biodiversity and nature director, and Adam Brennan, chief sustainability officer of Thai Union, with the Protecting Ocean Wildlife pledge.

'The partnership with SFP, an organization with nearly two decades of experience catalyzing positive change across seafood supply chains globally, has been instrumental in Thai Union's recent sustainability journey. The collaborative effort has achieved significant advancements across five pivotal areas:

1. Protecting Marine Biodiversity: Through a partnership with SFP, Thai Union audited its supply chain to address bycatch risks, resulting in a commitment to sourcing exclusively from vessels implementing ocean wildlife protection practices. Thai Union's pioneering endorsement of the Protecting Ocean Wildlife Pledge and focus on responsible sourcing are reflected in SeaChange^® 2030.
2. Understanding its supply chain - and sharing it with the world: Utilizing SFP's Seafood Metrics system, Thai Union gained insights into its global supply chains, promoting transparency in its approach. The company's disclosure of wild-caught and farmed seafood sources via SFP's Ocean Disclosure Project underscores its commitment to accountability.
3. Reducing confusion in seafood supply chains: As early adopters of SFP's universal fishery identification system, Thai Union improved traceability within its blue swimming crab supply chain. The standardized codes for global fisheries are helping Thai Union to improve traceability.
4. Addressing climate change through responsible aquaculture: Aligned with SeaChange® 2030, Thai Union championed landscape-level aquaculture management to minimize ecosystem impact. The company's leadership in chairing SFP's Asian Farmed Shrimp Supply Chain Roundtable contributes to climate resilience and the restoration of mangrove ecosystems.
5. Setting a good example and rallying the seafood industry for change: Thai Union's commitment involves dedicating its entire 2022 net profit of USD 200m to SeaChange^® through 2030, serving as an industry-wide call to action. The company's collaboration with SFP and participation in multi-stakeholder groups displays its dedication to driving collective improvement, using best practices to protect ocean ecosystems.

Reflecting on this significant partnership milestone, Thai Union and SFP are committed to building upon their first year. Their shared vision and complementary expertise promise to continue fostering progress, driving transformative change within the seafood industry.

For a comprehensive overview of their partnership achievements, refer to the full report

Explore Thai Union's extensive sustainability efforts in the 2022 sustainability report.

About Thai Union

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 46 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 155.6 billion (US$ 4.4 billion) and a global workforce of more than 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, Hawesta, and Rügen Fisch, Thai-leading brands SEALECT, Fisho, Qfresh, Monori, OMG Meat, Bellotta and Marvo, and ingredient and supplement brands UniQ®BONE, UniQ®DHA and ZEAvita.

With a commitment to "Healthy Living, Healthy Oceans," Thai Union is proud to be a member of the United Nations Global Compact, a founding participating company of the International Seafood Sustainability Foundation (ISSF), and current Chair of Seafood Business for Ocean Stewardship (SeaBOS).

Thai Union's ongoing leadership in sustainability has been taken to the next level with the announcement of SeaChange^® 2030, the Company's expanded sustainability strategy with more ambitious goals for people and planet. Through SeaChange^®, the Company was recognized and listed on the Dow Jones Sustainability Indices (DJSI) for the ninth consecutive year in 2022, and ranked number one on the Food Products Industry Index of the DJSI, a position it previously held in 2018 and 2019. The Company was listed in the S&P Global Sustainability Yearbook 2023 after being ranked in the top 1% of more than 7,800 companies assessed, and also named to the FTSE4Good Emerging Index for the seventh straight year in 2022. Find out more about the Group's sustainability strategy at seachangesustainability.org.

About Sustainable Fisheries Partnership

Founded in 2006, Sustainable Fisheries Partnership (SFP) is a marine conservation organization working toward a world where the oceans are healthy, all seafood is produced sustainably, and everyone has access to sustainable seafood. We leverage the power of seafood buyers and retailers in every part of the seafood supply chain to rebuild depleted fish stocks, reduce the environmental impacts of fishing and fish farming, address social issues in fishing, and advance economic opportunities for fishers and their communities. Our Supply Chain Roundtables (SRs) allow seafood suppliers to work together in a pre-competitive environment to promote and support improvements in fishery and aquaculture practices, management, and policy. Visit us at www.sustainablefish.org and follow us on Facebook, Twitter, and LinkedIn.