Member AUM
$75 trillion

Thai Union Group PCL

TU:TB TH0450010Y08
Key Information
HQ:
Thailand
Market Cap:
$2.18bn
Primary Markets:
Asia, Europe & Russia, North America



Coller FAIRR Protein Producer Index

Analysis Overview

Greenhouse Gas Emissions Deforestation & Biodiversity Water Use & Scarcity Waste & Pollution Antibiotics Animal Welfare Working Conditions Food Safety Sustainability Governance Alternative Proteins

Analysis Breakdown

Risk Score

41/100
Medium Risk



Greenhouse Gas Emissions

63/100

Scope 1, 2 & 3 Target
100/100
Type of Target
0/0
Strength of Target - SBT
5/5
Source(s): Sustainability Report 2022 Annexure.pdf, page 6; Sustainability Report 2022.pdf, page 34, 39; Webpage - SBTi; Webpage - Thai Union Launches SEACHANGE 2030, Committing THB 7.2 Billion (USD 200 Million) to Advance Sustainability Goals

Innovation on GHG Emission Reduction
20/100
Innovation to Reduce Agriculture Emissions
1/1
Feed Farming Innovation
0/2
Animal Farming Innovation
0/2
Source(s): Sustainability Report 2022.pdf, page 34, 35; TCFD Report 2022, page 11

Quality of GHG Inventory
80/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
1/2
Transparency of GHG Inventory
1.5/1.5
Source(s): CDP Website; Sustainability Report 2022 Annexure.pdf, page 6, 12; Sustainability Report 2022.pdf, page 4, 35, 76

Emissions Performance
70/100
Overall Emission Performance
3.5/5
Source(s): Sustainability Report 2022 Annexure.pdf, page 6

Climate-related Scenario Analysis
45/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
1.25/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): TCFD Report 2022, page 6, 7, 8, 9, 10



Deforestation & Biodiversity

25/100

Deforestation/Conversion-free Target - Soy for Animal Feed
53/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0.9/2
Regional & Operational Coverage of Commitment
1.25/1.25
Transparency - Progress Against Commitment
0.5/1.25
Source(s): Policy on No Deforestation 2021, page 4; Sustainability Report 2022 Annexure.pdf, page 8; Sustainability Report 2022.pdf, page 55

Engagement, Monitoring & Traceability - Soy for Animal Feed
5/100
Supplier Engagement
0.25/1.25
Compliance monitoring & Traceability
0/3.25
Feed Innovation
0/0.5
Source(s): General Responsible Sourcing Guidelines; Policy on No Deforestation 2021, page 4; Sustainability Report 2022.pdf, page 55

Aquaculture Certification (ASC, BAP, GlobalGAP, SSP)
80/100
Proportion of Farms Certified
4/5
Source(s): ASC Certification Website; BAP Certification Website; Sustainability Report 2022.pdf, page 51, 52

Feed Ingredients & Conversion Ratios
3/100
Feed Disclosure
0.13/2
Performance of Feed Metrics
0/3
Source(s): Seachange Suppliers; Sustainability Report 2022.pdf, page 40, 55

Feed Innovation
5/100
Strategy
0.25/2.75
Performance
0/2.25
Source(s): Commitment on Food Loss and Waste Reduction 2021, page 3; Sustainability Report 2022.pdf, page 67, 74; THAI UNION CORPORATE VENTURE FUND Webpage

Sea Lice Management - Salmon (Fish at Sea Only)
0/100
Sea Lice Disclosure & Management
0/2
Cleaner Fish
0/3
Source(s): Ocean Disclosure Project Webpage

Ecosystem Impacts
29/100
Escapes
0.7/3.25
Reducing Biodiversity Impacts
0.75/1.25
Algal Blooms
0/0.5
Source(s): ASC Auditor Report July 8 2022.pdf, page 17, 19; Sustainability Report 2022.pdf, page 39; THAI UNION NEWS RELEASES 2023



Water Use & Scarcity

32/100

Water Use & Scarcity in Facilities
56/100
Monitoring Water Consumption & Withdrawals
0.55/0.75
Target to Reduce Water Consumption & Withdrawals
0/1
Disclosure & Performance of Water Risks in Facilities
2.25/3.25
Source(s): Sustainability Report 2022 Annexure.pdf; Sustainability Report 2022.pdf, page 4, 62, 75, 76

Water Use & Scarcity in Feed Farming
31/100
Supplier Engagement in Water Use in Feed Farming
1.25/2.5
Disclosure of Water Risks in Feed Farming
0/1.5
Source(s): Agricultural Raw Material Sourcing Guidelines, page 1; SAFETY, HEALTH AND ENVIRONMENT; TCFD Report 2022, page 12

Water Use & Scarcity in Animal Farming
9/100
Supplier Engagement in Water Use in Animal Farming
0.45/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): SAFETY, HEALTH AND ENVIRONMENT Webpage



Waste & Pollution

29/100

Wastewater at Facilities
63/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
1/1.5
Transparency on Water Pollution Risks
1.25/2
Performance on Wastewater Quality & Volume Discharged
0.9/1.5
Source(s): SAFETY, HEALTH AND ENVIRONMENT; Sustainability Report 2022 Annexure.pdf, page 6, 12; Sustainability Report 2022.pdf, page 74, 76; Thai Union and Clinton Climate Initiative Partner to Generate Clean Energy Webpage

Nutrient Management in Feed Farming
5/100
Supplier Engagement in Nutrient Pollution Risks
0/4
Innovation to Improve Nutrient Management in Feed Farming
0.25/1
Source(s): Agricultural Raw Material Sourcing Guidelines; Agricultural Raw Material Sourcing Policy 2018, page 1; General Responsible Sourcing Guidelines

Nutrient Management in Aquaculture
18/100
Disclosure of Pollution Risks in Animal Farming Operations
0.68/3.75
Performance on Pollution Management
0.2/1.25
Source(s): ASC Auditor Report July 8 2022.pdf; SAFETY, HEALTH AND ENVIRONMENT Webpage



Antibiotics

33/100

Policy on Antibiotics Use
60/100
Policy on Antibiotics Use
3/5
Source(s): Aquaculture Responsible Sourcing Guideline 2018, page 4; Sustainability Report 2022.pdf, page 50, 51

Disclosure of Quantity of Antibiotics Used
7/100
Disclosure of Quantity of Antibiotics Used
0.34/5
Source(s): ASC Auditor Report July 8 2022.pdf, page 18



Animal Welfare

12/100


Aquatic Animal Welfare
5/100
Welfare Policy
0.25/2.5
Reporting on Animal Welfare Metrics
0/2
Reporting on Measures to Improve Welfare
0/0.5
Source(s): Policy Commitment to Animal Welfare 2015, page 1

Disease Management - All Fish
0/100
Mortality Rates
0/3.5
Disease Outbreak
0/1.5
Source(s): Ocean Disclosure Project Webpage; Sustainability Report 2022.pdf, page 39

Disease Management - Shrimp Aquaculture
30/100
Mortality
0.5/2
Disease Outbreak & Biosecurity
1/3
Source(s): ASC Auditor Report July 8 2022.pdf, page 4, 17; Thai Union Annual Report 2022.pdf, page 85



Working Conditions

75/100

Human Rights
85/100
Strength of Policy
1/1
Due Diligence Process
3/3
Evidence of Remediation
0.25/1
Source(s): Anti-Discrimination & Anti Harassment Policy 2021, page 1; Guideline for Classification & Priority Rating 2021, page 1; Human Rights Due Diligence Framework 2021, page 15, 16; Human Rights Policy 2023, page 1; Human Rights Risk Assessment Report 2022, page 1, 2, 3, 4, 5; Thai Union Modern Slavery Act.pdf, page 21, 83; Webpage - Code of Conduct

Fair Working Conditions
74/100
Policy for Direct Operations
2.17/3
Monitoring & Discosure
1.5/2
Source(s): Business Ethics and Labor Code of Conduct 2016, page 2, 5, 6, 9; Human Rights Policy 2023, page 3, 4; Living Wage Assessment, page 1, 2; Suppliers’ Business Ethics and Labor Code of Conduct, page 5, 6, 9, 10; Sustainability Report 2022 Annexure.pdf, page 2; Thai Union Modern Slavery Act.pdf, page 15; Webpage - Code of Conduct

Safety & Turnover Data
70/100
Committee representation of workers
0.5/2
Disclosure of safety and turnover data
3/3
Source(s): Safety, Health and Environment Policy; Sustainability Report 2022 Annexure.pdf, page 11; Webpage - Environment, Health and Safety; Webpage - Food Safety Standards

Freedom of Association
70/100
Strength of Policies
2/3
Disclosure of Collective Bargaining Metrics
1.5/2
Source(s): Business Ethics and Labor Code of Conduct 2016, page 7; Fishing Vessel Code of Conduct 2022, page 5; Suppliers’ Business Ethics and Labor Code of Conduct, page 2, 7, 8; Sustainability Report 2022 Annexure.pdf, page 9, 11; Sustainability Report 2022.pdf, page 104



Food Safety

43/100

Food Safety System
55/100
Certifications
1.75/3.5
Performance
1/1.5
Source(s): Food Safety & Hygiene Requirements 2018, page 2, 3, 22; Sustainability Report 2022 Annexure.pdf, page 8; Sustainability Report 2022.pdf, page 42, 51, 52; Thai Union Annual Report 2022.pdf, page 87; traceability: pilots satellite technology

Product Recalls & Market Bans
30/100
Product Recall Systems
0.5/3
Performance
1/2
Source(s): Food Safety & Hygiene Requirements 2018, page 3, 4



Sustainability Governance

57/100

Assessment of a Company's Sustainability Governance
57/100
Board Sustainability
1.75/2
Incentives & Policy Engagement
0.6/2.5
Innovation & Benchmarking
0.5/0.5
Source(s): ASSOC. PROF. SAKARINDR BHUMIRATANA, PH.D.; Board of Directors Webpage; GLOBAL INNOVATION CENTER; Global Innovation Leadership; Sustainability Report 2022.pdf, page 8, 22, 23, 26, 27, 38, 47, 67, 68; Thai Union Annual Report 2022.pdf, page 16, 43, 81, 168, 191



Alternative Proteins

55/100

Diversification of Products to Alternative Protein Sources
55/100
Existing product portfolio
0.25/2.5
Investing for future growth
2.5/2.5
Source(s): John West Vegan Fish-Free Tuna; Thai Union Annual Report 2022.pdf, page 21, 27, 43; Thai Union Delivers Record Revenue in 2022; Thai Union Innovation Products Website; Thai Union Ventures Website; Thai Union launches plant-based protein OMG Meat to Thai market Website; Webpage - News

Members-only Content

To register as a member of the FAIRR network, please fill out the sign up form or if you need additional information on the FAIRR network, please contact investoroutreach@fairr.org.