Bangkok, December 18, 2024 -- The SET ESG Ratings, an assessment that companies voluntarily participate in, evaluates listed companies on their sustainability performance to provide investors with transparent and reliable information for investment decisions. Companies must score at least 50 percent in three key dimensions - environment, social, and governance - and meet the SET’s eligibility criteria, including a minimum Corporate Governance Report (CGR) score of three stars as assessed by the Thai Institute of Directors (IOD).
Thai Union Group PCL, the world seafood leader, has been recognized with an “A” level rating in the Agro & Food Industry category of the SET ESG Ratings by the Stock Exchange of Thailand (SET). This achievement reflects Thai Union’s unwavering commitment to sustainability under its SeaChange® 2030 strategy, emphasizing environmental stewardship, social responsibility, and corporate governance (ESG).
At a glance
- Company
- Thai Union Group PCL
- Announcement
- Award
- Location
- Bangkok
Key figures
- SET ESG rating
- “A”
- Minimum score across three ESG dimensions
- 50 percent
- Minimum Corporate Governance Report score
- three stars
People
- Thiraphong ChansiriCEO of Thai Union Group
Products and programs
“Our inclusion in the SET ESG Ratings demonstrates our commitment to creating long-term value for all stakeholders while contributing to a sustainable future,” said Thiraphong Chansiri, CEO of Thai Union Group. “This recognition underscores our focus on balancing business growth with positive social and environmental impacts, enhancing competitiveness, and ensuring a strong foundation for future success.”
Thai Union’s SeaChange® 2030 sustainability strategy has been a driving force behind the recognition from the SET, reinforcing the Company’s role as an industry leader in integrating ESG principles into its operations and delivering measurable benefits for society and the planet.
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Questions around this news
What does Thai Union’s A-level SET ESG rating recognize?
The Stock Exchange of Thailand placed Thai Union in the A-level category of its ESG Ratings for the Agro & Food Industry. The release says the recognition reflects the company’s sustainability work under its SeaChange 2030 strategy, including attention to environmental stewardship, social responsibility and corporate governance.
What criteria do companies need to meet for the SET ESG Ratings?
As described in the release, participating companies must score at least 50 percent in each of three dimensions: environment, social and governance. They must also satisfy the SET’s eligibility requirements, including a Corporate Governance Report score of at least three stars, assessed by the Thai Institute of Directors.
What is Thai Union’s SeaChange 2030 strategy?
The release describes SeaChange 2030 as Thai Union’s sustainability strategy and says it was a driving force behind the company’s recognition. It focuses on environmental stewardship, social responsibility and corporate governance, and is presented as part of the company’s effort to integrate sustainability principles into its operations.
What is an ESG rating?
An ESG rating assesses an organization’s performance or practices in environmental, social and governance areas. Rating methods differ: providers may use company disclosures, other data and their own criteria. Such ratings can help readers compare information, but a score reflects the methodology used and is not a complete measure of an organization’s impacts.
Earlier from Thai Union Group PCL
- Thai Union, ITC, TFM Participate in International Anti-Corruption Day Activities
- Thai Union Receives the 2024 Sustainability Disclosure Award from the Thaipat Institute, Reinforcing the Success of its SeaChange® 2030 Strategy
- Thai Union records Q3 2024 net profit of THB 1.4 billion, driven by sales growth in Ambient, PetCare, and Value-added categories
- Thai Union Receives Two Prestigious Awards from the Investment Analysts Association
- Thai Union Helping Hand to Flood-Affected Communities in Northern and Northeastern Thailand
