Thai Union Group has committed all net profits from 2022 to further develop its sustainability strategy.
The group has invested THB7.2 billion (US$200 million) in SeaChange 2030, setting new goals across the entire seafood value chain.
“The time for aggressive action is now,” said Adam Brennan, chief sustainability officer of Thai Union. “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 organisations that can help make long overdue structural changes a reality.”
Launched in 2016, SeaChange comprises 11 goals based on the UN’s sustainable development goals. They detail the group’s commitment to achieving net zero emissions by 2050, ensuring wild-caught seafood is responsibly sourced, using methods in its shrimp farming that reduce environmental impact, sourcing only sustainable oils and raw ingredients.
The group also pledges to contribute funds to protecting and restoring ecosystems, supporting communities, reducing waste and packaging, combating IUU fishing and ensuring its working practices are ethical.
To achieve these aims, the group will collaborate with Sustainable Fisheries Partnership, Aquaculture Stewardship Council, The Nature Conservancy, IDH and the Global Ghost Gear Initiative as well as aligning its net zero targets with the Science Based Targets initiative.
