Thai Union's sustainably produced shrimp is recognized by the Global Sustainable Seafood Initiative.
Thai Union Group
The world’s leading seafood company, Thai Union Group, has secured the first-ever Blue Loan for Thailand’s seafood industry, valued at $150 million, from the Asian Development Bank (ADB).
The Group will use the funds to expand the sustainable sourcing of shrimp in the country, supporting its goal of achieving net-zero greenhouse gas emissions by 2050 under its SeaChange® 2030 strategy, launched in 2023.
Thai Union's sustainably produced shrimp is recognized by the Global Sustainable Seafood Initiative (GSSI), the Aquaculture Stewardship Council (ASC), and Best Aquaculture Practices (BAP). In addition, its farms are involved in Aquaculture Improvement Projects (AIPs).
"We are honored to be ADB’s first private sector partner in the seafood industry in Thailand, and the first in the seafood industry to secure a loan of this kind. The funding will accelerate our sustainable sourcing efforts and strengthen our contribution to ocean health, food security, and climate action. We hope this model will inspire other seafood companies to follow," said Thiraphong Chansiri, CEO of Thai Union Group.
Bank of China (Hong Kong) Limited, HSBC, MUFG Bank Ltd, OCBC, Sumitomo Mitsui Banking Corporation, and United Overseas Bank Limited are participating as commercial co-financing partners.
