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OrganisationsThai Union
Thai Union logo

Thai Union

Insurance ServicesThailandPNK: TUFUF
Last verified 10 months agothaiunion.com

Thai Union Group PCL, commonly referred to as Thai Union, is a leading player in the insurance and pension funding services sector, excluding compulsory social security services. Headquartered in Thailand, the company has established a significant presence across various regions, focusing on innovative financial solutions tailored to meet diverse client needs.

Founded in 1977, Thai Union has achieved notable milestones, including the expansion of its service offerings and a commitment to sustainable practices. The company provides a range of core products, including life insurance and pension plans, distinguished by their customer-centric approach and comprehensive coverage options.

With a strong market position, Thai Union is recognised for its dedication to quality and innovation, making it a trusted name in the insurance industry. Its ongoing efforts to enhance financial security for individuals and businesses alike underscore its commitment to excellence in service delivery.

61
DitchCarbon score

+22 vs industry average

Thai Union’s score of 61 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Insurance Services is among the least carbon-intensive industries

Industry performance

0.058
20182025

The Insurance Services industry has reduced its overall emissions by 25% since 2018

Emissions trajectory 2020 – 2027

0.0B0B0.0B0.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Thai Union's reported carbon emissions

Thai Union, headquartered in Thailand and operating within the insurance and pension funding services sector, reported a total of 4,970,841,000 kg CO2e for the year 2024. This figure encompasses Scope 1, 2, and 3 emissions.

Specifically, for 2024, Thai Union's Scope 1 emissions were approximately 228,000,000 kg CO2e, and its Scope 2 emissions (location-based) were approximately 178,000,000 kg CO2e. Scope 3 emissions for the same year were approximately 4,165,000,000 kg CO2e.

In 2023, Thai Union's total emissions were approximately 4,963,336,000 kg CO2e. This comprised Scope 1 emissions of roughly 269,000,000 kg CO2e, Scope 2 emissions of approximately 165,000,000 kg CO2e, and Scope 3 emissions of approximately 4,165,000,000 kg CO2e.

Thai Union has established significant climate commitments. The company aims to achieve a 42% reduction in absolute greenhouse gas (GHG) emissions across Scopes 1, 2, and 3 by 2030, using 2021 as a baseline year. Furthermore, Thai Union is committed to achieving net-zero emissions by 2050, aligning with its SeaChange® 2030 global sustainability strategy. These targets are recognised by the Science Based Targets initiative (SBTi) and are consistent with limiting global warming to 1.5°C. Long-term targets also include a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2050 from the 2021 baseline.

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Thai Union’s Climate Goals (2030 & 2050)

6 goals

2040

Dalmia Bharat has taken a target to be carbon neutral by 204…

Dalmia Bharat has taken a target to be carbon neutral by 2040.

Behind target0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

See all 6 climate goals

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

2030 targetSee details
Active
CDP

Carbon Disclosure Project

Sign in to view
Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Thai Union logoThai Union
THInsurance Services
10 months ago
61
Grieg Seafood logoGrieg Seafood
NOFood Product Manufacturing
9 days ago
55
View
Cermaq logoCermaq
NOVegetable Oil Production
1 hour ago
42
View
Nissui logoNissui
JPFishing
9 days ago
41
View
StarKist logoStarKist
USInsurance Services
9 days ago
25
View
High Liner Foods logoHigh Liner Foods
CAFood Product Manufacturing
9 days ago
25
View
Gorton's logoGorton's
USFood Product Manufacturing
9 days ago
17
View

Frequently asked questions

Common questions about Thai Union’s sustainability data and climate commitments

Thai Union's estimated total greenhouse gas emissions for 2024 are approximately 4.97 billion kg CO₂e. This figure includes emissions from Scope 1, Scope 2, and Scope 3 activities, with Scope 3 accounting for the largest share, roughly 4.17 billion kg CO₂e. The company reports these emissions based on direct data, reflecting its environmental impact within the seafood processing industry. Understanding this carbon footprint helps stakeholders assess Thai Union's environmental responsibility and progress toward its climate commitments.

Data year: 2024

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