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Thai Union Group
Thai Union Group PCL is a Thailand-based producer of seafood based products. It was founded in 1977, and was listed on the Stock Exchange of Thailand (SET) on 22 November 1994.
Thai Union operates worldwide with plant facilities in France, Germany, Ghana, Poland, Portugal, Papua New Guinea, Norway, Seychelles, Scotland, Vietnam, Thailand and the United States. Its business includes tuna, shrimp, sardines, mackerel, salmon, pet food and prepared foods.
Thai Union's brand portfolio includes:
In 2017, the Thai Union had revenues of 140 billion baht, with a net profit of six billion baht. Total assets amounted to 146.3 billion baht. Total shareholder equity was 48.2 billion baht.
Thai Union's target was to achieve US$8 billion in revenue by 2020. The revenue contribution of its different businesses as of 2017 were:
The Thai Union was investigated by Greenpeace, which showed a human trafficking report of Tier 3, meaning the company is not completely compliant with the standards. People are forced to work at sea for months, and sometimes years at a time. Being out at sea for long periods of time keeps them from being in contact with authorities, which allows the company to use such methods. They are going through forced labor, ultimately threatened with abuse, including getting beat with stingray tails, if they do not complete the tasks given to them by the Thai Union. The workers, who do not know any better, are being trafficked with no way of escaping.[better source needed]
Thai Union released a statement in response to the accusations made by Greenpeace in 2015. It reiterated its commitment to human rights and the company's vision of "an industry that respects the oceans and protects marine life, offers safe employment for millions of people around the world, supports the development of coastal communities and continues to provide a safe, affordable and healthy food source for a global population well into the future." Thai Union also noted that it works closely with the International Seafood Sustainability Foundation (ISSF) to "benefit the wider tuna fishing industry" and concluded by calling on Greenpeace to join the "industry debate that is already underway, to work towards achieving our shared objectives."
Thai Union was named, but was not a defendant, in a lawsuit brought against Nestle Corporation for violating California laws. Thai Union has been under scrutiny since the July 2015 publication of a New York Times article citing a former fisher stating he had been held captive on a vessel supplying a mother ship that ended up selling to Thai Union's Songkhla canning operation.
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Thai Union Group
Thai Union Group PCL is a Thailand-based producer of seafood based products. It was founded in 1977, and was listed on the Stock Exchange of Thailand (SET) on 22 November 1994.
Thai Union operates worldwide with plant facilities in France, Germany, Ghana, Poland, Portugal, Papua New Guinea, Norway, Seychelles, Scotland, Vietnam, Thailand and the United States. Its business includes tuna, shrimp, sardines, mackerel, salmon, pet food and prepared foods.
Thai Union's brand portfolio includes:
In 2017, the Thai Union had revenues of 140 billion baht, with a net profit of six billion baht. Total assets amounted to 146.3 billion baht. Total shareholder equity was 48.2 billion baht.
Thai Union's target was to achieve US$8 billion in revenue by 2020. The revenue contribution of its different businesses as of 2017 were:
The Thai Union was investigated by Greenpeace, which showed a human trafficking report of Tier 3, meaning the company is not completely compliant with the standards. People are forced to work at sea for months, and sometimes years at a time. Being out at sea for long periods of time keeps them from being in contact with authorities, which allows the company to use such methods. They are going through forced labor, ultimately threatened with abuse, including getting beat with stingray tails, if they do not complete the tasks given to them by the Thai Union. The workers, who do not know any better, are being trafficked with no way of escaping.[better source needed]
Thai Union released a statement in response to the accusations made by Greenpeace in 2015. It reiterated its commitment to human rights and the company's vision of "an industry that respects the oceans and protects marine life, offers safe employment for millions of people around the world, supports the development of coastal communities and continues to provide a safe, affordable and healthy food source for a global population well into the future." Thai Union also noted that it works closely with the International Seafood Sustainability Foundation (ISSF) to "benefit the wider tuna fishing industry" and concluded by calling on Greenpeace to join the "industry debate that is already underway, to work towards achieving our shared objectives."
Thai Union was named, but was not a defendant, in a lawsuit brought against Nestle Corporation for violating California laws. Thai Union has been under scrutiny since the July 2015 publication of a New York Times article citing a former fisher stating he had been held captive on a vessel supplying a mother ship that ended up selling to Thai Union's Songkhla canning operation.