THAI UNION SIGNS SHORT-TERM SUSTAINABILITY-LINKED LOAN

Thai Union signs short-term sustainability-linked loan. Thai Union Group PCL has signed a THB 2 billion short-term Blue Finance loan agreement with TMBThanachart Bank Public Company Limited, further expanding its position in financing that benefits the world’s oceans.

“Last year, Thai Union began paving the way for Blue Finance in Thailand through a series of long-term sustainability-linked loans and bonds totalling THB 27 billion, and we are targeting 75 percent of our long-term funding to be Blue Finance by 2025,” said Ludovic Garnier, Group CFO at Thai Union. “This ongoing shift towards Blue Finance demonstrates Thai Union’s firm commitment to both innovation and sustainability, which are at the heart of our operations.”

Thai Union’s embrace of Blue Finance is a key component of the Company’s corporate goal of ‘Healthy Living, Healthy Oceans’. Blue Finance has sustainability targets that benefit the world’s oceans, with interest rates linked to key performance indicators and sustainability performance targets. These interest rates will increase or decrease depending on whether the sustainability targets are met.

Thai Union are committed to ‘Healthy Living, Healthy Oceans.’ With a focus on health and wellbeing across the group’s portfolio, aiming to strengthen the growth and profitability of the core businesses and expand into new, attractive areas. Continuing to lead the industry on sustainability while attracting and retaining talent.

Photo Caption (left to right)

• Yongyut Setthawiwat, Managing Director, Group Treasurer – Treasury and Finance
• Shared Serviced Department, Thai Union Group PCL
• Ludovic Garnier, Group CFO, Thai Union Group PCL
• Alexander Nondh Langfeldt. Head of Commercial Banking Customer Relationship Management, TMBThanachart Bank PCL
• Suparat Timprathuang, Team Head of Corporate Banking Customer Relationship Management, TMBThanachart Bank PCL

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