Seafood giant Thai Union Group has announced the launch of SeaChange 2030, the next stage of its sustainability strategy.
The John West maker has committed to invest the equivalent of its entire 2022 net profit of THB 7.2 billion (€178 million) in SeaChange through 2030.
Thai Union believes achieving these goals will help reduce carbon emissions, minimise waste, safeguard and rebuild ecosystems, while ensuring safe, decent, and equitable work across its value chain.
New Goals
Thai Union said it will be setting 'aggressive new goals' that will impact the entire seafood value chain on a global scale.
The company is collaborating with other players in global sustainability and eco-leadership to launch its next stage strategy, engaging thousands of vessels and farms to meet these goals.
These partners include Sustainable Fisheries Partnership, Aquaculture Stewardship Council, The Nature Conservancy, IDH – the Sustainable Trade Initiative, and The Global Ghost Gear Initiative.
Net-Zero Economy
Thai Union is also 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.
It is the first global seafood company to set goals verified by SBTi.
"Through SeaChange, we aim to drive meaningful improvements across the entire global seafood industry," said Adam Brennan, chief sustainability officer of Thai Union.
"Commitments this ambitious require the power and collaboration of communities, governments, and organisations 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," Brennan added.
