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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.
+22 vs industry average
Thai Union’s score of 61 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Services is among the least carbon-intensive industries
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Thai Union, headquartered in Thailand, reported its 2024 Scope 1 emissions as 228,000,000 kg CO2e, Scope 2 emissions (location-based) as 178,000,000 kg CO2e, and Scope 3 emissions as 4,165,000,000 kg CO2e. This data was reported in 2024. For 2023, Scope 1 emissions were 269,000,000 kg CO2e, Scope 2 emissions (location-based) were 165,000,000 kg CO2e, and Scope 3 emissions were 4,165,000,000 kg CO2e.
Thai Union has committed to Science Based Targets initiative (SBTi) for near-term and long-term greenhouse gas (GHG) emission reductions. The company aims to achieve net-zero across its value chain by 2050.
For its near-term targets, Thai Union Group Public Company Limited commits to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, using a 2021 base year. Additionally, the company commits to reduce absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, and upstream and downstream transportation and distribution by 42% within the same timeframe.
For its long-term targets, Thai Union Group Public Company Limited aims for a 90% absolute reduction in Scope 1 and 2 GHG emissions by 2050 from a 2021 base year. Concurrently, it commits to reduce absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, upstream and downstream transportation and distribution, end-of-life treatment of sold products, and investments by 90% within the same timeframe. These targets are consistent with reductions required to keep global warming to 1.5°C.
Previously, Thai Union had set a target in 2016 to reduce its GHG emissions by 30% per tonne of production by 2020, using 2016 Scope 1 and 2 levels as a baseline.
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2050
90% reduction in scope 3 total
Thai Union Group Public Company Limited also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and en…
2030
42% reduction in scope 3 total
Thai Union Group Public Company Limited also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and en…
2050
Thai Union Group Public Company Limited commits to reach net…
Thai Union Group Public Company Limited commits to reach net-zero greenhouse gas emissions across the value chain by 2050.
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.


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