Thai Union Group PCL has ranked first in the food products industry on the 2024 Dow Jones Sustainability Indices (DJSI) with 85 points, marking its 11th consecutive year on the indices. The Bangkok-based seafood producer’s performance reflects its ongoing implementation of the SeaChange 2030 strategy, which emphasizes emissions reduction and sustainable sourcing practices.
The assessment, released on December 23, showed Thai Union achieving the highest percentile scores across governance, environmental and social dimensions. The company received perfect marks in several categories, including environmental policy, biodiversity management and supply chain operations.
In 2024, Thai Union launched several environmental initiatives, including a partnership with The Nature Conservancy and Ahold Delhaize USA to reduce greenhouse gas emissions in shrimp supply chains. The company also implemented a zero wastewater discharge project at its fish processing facility in Thailand, achieving complete wastewater treatment.
Under its SeaChange 2030 framework, Thai Union has outlined specific environmental targets, including a 42 percent reduction in Scope 1, 2, and 3 greenhouse gas emissions by 2030. The company aims to achieve net zero emissions by 2050 and has allocated 250 million Thai baht ($7.2 million) for ecosystem restoration and protection efforts.
Thai Union: Supply chain and industry certification progress
The company’s sustainability initiatives extended to its supply chain operations in 2024. Thai Union Feedmill became the first Asian operation to receive Aquaculture Stewardship Council Feed Standard certification, setting a benchmark for sustainable aquaculture practices in the region.
To address plastic pollution, Thai Union formed partnerships with environmental organizations Seven Clean Seas and Second Life, focusing on developing innovative waste reduction solutions. The company also implemented a Global Ethical Recruitment Policy to establish standardized hiring practices across its operations.
This performance marks Thai Union’s fourth time achieving the top ranking in its category, following similar achievements in 2018, 2019, and 2022. The S&P Global Corporate Sustainability Assessment, which forms the basis for DJSI rankings, evaluates more than 3,000 companies annually across 62 industries.
The assessment considers various sustainability metrics, including environmental impact, social responsibility, and governance practices. Companies are evaluated based on industry-specific criteria relevant to sustainability-focused investors and stakeholders.
Thai Union’s ranking comes as the food industry faces increasing pressure to address environmental challenges, from reducing carbon emissions to implementing sustainable sourcing practices. The company’s performance on the DJSI reflects broader industry trends toward measurable sustainability targets and transparent environmental reporting.
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