Thai Union Group PCL

TU:TB TH0450010Y08

Key Information

HQ:

Thailand

Market Cap:

$2.8bn

Primary Markets:

Asia, Europe & Russia, North America

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

32/100

Medium Risk

Greenhouse Gas Emissions

36/100

Scope 1, 2 & 3 Target

Type of Target

0/0

Strength of Target - Non-SBT

1.5/2

Strength of Target - SBT

1.5/5

Source(s): Annual Report 2021, page 16, 89; SBTi Website - companies taking action; Sustainability Report 2021, page 14, 27; Sustainability Website - Thai Union

Innovation on GHG Emission Reduction

Innovation to Reduce Agriculture Emissions

0/1

Feed Farming Innovation

0/2

Animal Farming Innovation

0/2

Source(s): Annual Report 2021, page 91; Sustainability Report 2021, page 75

Quality of GHG Inventory

Quality and scope of GHG inventory Completeness

1.43/1.5

Feed & Animal Farming Emissions

1/2

Transparency of GHG Inventory

1/1.5

Source(s): Sustainability Report 2021, page 15, 52, 86, 100, 119

Emissions Performance

Overall Emission Performance

0.25/5

Source(s): Sustainability Report 2021, page 14, 86

Climate-related Scenario Analysis

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 Disclosure 2022, page 6, 7, 8, 9, 10, 11

Deforestation & Biodiversity

21/100

Deforestation/Conversion-free Target - Soy for Animal Feed

Risk Assessment to Identify High-risk Locations

0/5

Strength of Deforestation Commitment

1/2

Regional & Operational Coverage of Commitment

0.75/1.25

Transparency - Progress Against Commitment

0/1.25

Source(s): Policy on No Deforestation 2021, page 4

Engagement, Monitoring & Traceability - Soy for Animal Feed

Supplier Engagement

0.25/1.25

Compliance monitoring & Traceability

0/3.25

Feed Innovation

0/0.5

Source(s): Agricultural Raw Material Sourcing Policy 2018; Policy on No Deforestation 2021, page 4

Aquaculture Certification (ASC, BAP, GlobalGAP, SSP)

Proportion of Farms Certified

4/5

Source(s): ASC Certification Website; BAP Certification Website; Sustainability Report 2021, page 52

Feed Ingredients & Conversion Ratios

Feed Disclosure

0.13/2

Performance of Feed Metrics

0/3

Source(s): Agricultural Raw Material Sourcing Policy 2018, page 2; Seachange

Feed Innovation

Strategy

0.25/2.75

Performance

0/2.75

Source(s): Commitment on Food Loss and Waste Reduction 2021, page 3; Press Release Webpage; Sustainability Report 2021, page 25

Sea Lice Management - Salmon (Fish at Sea Only)

Sea Lice Disclosure & Management

0/2

Cleaner Fish

0/3

Source(s):

Ecosystem Impacts

Escapes

0.7/3.75

Reducing Biodiversity Impacts

0.75/1.25

Source(s): ASC Certification Website; Sustainability Report 2021

Water Use & Scarcity

15/100

Water Use & Scarcity in Facilities

Monitoring Water Consumption & Withdrawals

0.55/0.75

Target to Reduce Water Consumption & Withdrawals

0/1

Disclosure & Performance of Water Risks in Facilities

1.25/3.25

Source(s): Safety, Health and Environment Webpage; Sustainability Report 2021, page 60, 86, 88

Water Use & Scarcity in Feed Farming

Supplier Engagement in Water Use in Feed Farming

0/3

Disclosure of Water Risks in Feed Farming

0/2

Source(s):

Water Use & Scarcity in Animal Farming

Supplier Engagement in Water Use in Animal Farming

0.38/3

Disclosure of Water Risks in Animal Farming

0/2

Source(s): Sustainability Report 2021

Waste & Pollution

8/100

Wastewater at Facilities

Disclosure & Targets for Wastewater Quality & Volume Discharged

0.75/1.5

Transparency on Water Pollution Risks

0/2

Performance on Wastewater Quality & Volume Discharged

0/1.5

Source(s): Sustainability Report 2021

Nutrient Management in Feed Farming

Supplier Engagement in Nutrient Pollution Risks

0/4

Innovation to Improve Nutrient Management in Feed Farming

0/1

Source(s):

Nutrient Management in Aquaculture

Disclosure of Pollution Risks in Animal Farming Operations

0.38/5

Performance on Pollution Management

0/2

Source(s): Sustainability Report 2021

Antibiotics

33/100

Policy on Antibiotics Use

3/5

Source(s): Aquaculture Responsible Sourcing Guideline 2017, page 2, 4

Disclosure of Quantity of Antibiotics Used

0.34/5

Source(s):

Animal Welfare

10/100

Assurance & Certification

Auditing & Assurance by an Animal Welfare Organisation

0/4

Source(s):

Aquatic Animal Welfare

Welfare Policy

0.5/2.5

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

Mortality Rates

0/2.75

Disease Outbreak

0/1.5

Algal Blooms

0/0.75

Source(s): Countries

Disease Management - Shrimp Aquaculture

Mortality

0.5/2

Disease Outbreak & Biosecurity

1/3

Source(s): ASC Certification Website; ASC Shrimp; Annual Report 2021

Working Conditions

69/100

Human Rights

Strength of Policy

1/1

Due Diligence Process

3/3

Evidence of Remediation

0/1

Source(s): Guideline for Classification & Priority Rating 2021, page 1; Human Rights Due Diligence Framework 2021, page 16; Human Rights Policy 2021, page 1; Human Rights Risk Assessment Report 2021, page 1, 2, 3; Non Reprisal Policy 2020, page 1

Fair Working Conditions

Policy for Direct Operations

2.5/3

Monitoring & Discosure

1.5/2

Source(s): Business Ethics and Labor Code of Conduct 2016, page 2, 5, 6, 9; Complaint Channel Webpage; EthicsPoint Webpage; Modern Slavery Act Transparency Statement 2016, page 6, 8; Suppliers’ Business Ethics and Labor Code of Conduct, page 5, 6

Safety & Turnover Data

Disclosure of safety and turnover data

0.5/3

Committee representation of workers

2.75/3

Source(s): Annual Report 2021, page 87; Environment, Health and Safety Webpage; Food Safety Standards Webpage; Sustainability Report 2021, page 65, 96, 97, 98

Freedom of Association

Strength of Policies

1.5/3

Disclosure of Collective Bargaining Metrics

1/2

Source(s): Annual Report 2021, page 101; 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 7, 8; Sustainability Report 2021, page 99

Food Safety

43/100

Food Safety System

Certifications

1.75/3.5

Performance

1/1.5

Source(s): Annual Report 2021, page 87; Food Safety & Hygiene Requirements 2018, page 2, 3, 22; Sustainability Report 2021, page 54

Product Recalls & Market Bans

Product Recall Systems

0.5/3

Performance

1/2

Source(s): Food Safety & Hygiene Requirements 2018, page 3, 4

Sustainability Governance

52/100

Assessment of a Company's Sustainability Governance

Board Sustainability

1.5/2

Incentives & Policy Engagement

0.6/2.5

Innovation & Benchmarking

0.5/0.5

Source(s): Annual Report 2021, page 14, 41, 162, 324; Awards and Recognitions Webpage; Sustainability Report 2021, page 9, 10, 13, 24, 25, 26, 32, 33, 43, 55