Thai Union Group, which owns seafood brands such as John West and Petit Navire, has reported an increase in its FTSE Russell ESG Score, a sustainability-focused index that measures progress against key environmental, social, and governance pillars.
Thai Union’s overall ESG Score increased to 4.3 out of 5, up from 4.1 last year, which underscores the company’s ‘role in helping lead the push toward more transparent, responsible, and resilient seafood supply chains worldwide’, it said in a statement.
The year-on-year improvement reflects stronger public disclosures and progress across several pillars, including the Environmental Supply Chain and Social Supply Chain categories, as well as Anti-Corruption, Corporate Governance, and Risk Management.
‘Continued momentum’
“These results reflect our continued momentum under our SeaChange 2030 sustainability strategy,” commented Thiraphong Chansiri, CEO of Thai Union Group. “Sustainability is core to how we operate, and we remain focused on building trusted seafood supply chains, strengthening responsible practices across our business, and creating long-term value for our stakeholders.”
As the company noted, the improved scores place it in the 92nd percentile, according to the FTSE4Good Index, up from the 89th percentile.
FTSE4Good Index
The FTSE4Good Index is used by investors to support responsible investment decisions around sustainability. Within this, FTSE Russell ESG Scores inform this by evaluating publicly available disclosures across ESG pillars and key themes. The methodology provides a consistent benchmark that enables investors to compare performances across different industries and markets.
‘Thai Union’s performance sends a clear signal that the company is translating commitments into measurable outcomes across its value chain,’ the company said, adding that it will continue to focus on ‘measurable outcomes that support trusted seafood supply chains and long-term value creation’.
Thai Union’s SeaChange 2030 strategy aims to bolster the company’s efforts in areas such as human rights, ocean stewardship, climate action, and community wellbeing. It builds on its previous SeaChange initiative, which was introduced in 2016, and seeks to align the company’s efforts with the United Nations Sustainable Development Goals. Read more here.
