2025.08.20

Thai Union Group Receives Landmark USD 150 Million Blue Loan from Asian Development Bank to Advance Sustainable Shrimp and Climate Goals

NEWS RELEASES

“Sustainability sits at the heart of our business, and this Blue Loan represents an important step in our journey,”

said Thiraphong Chansiri,

CEO of Thai Union Group.

“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.”

“This marks ADB’s first blue loan in the aquaculture sector in Thailand,” said Anouj Mehta, Country Director of ADB Thailand Resident Mission. “Aquaculture is one of the most efficient sources of animal protein, supplying over half of the world’s seafood. While it holds great potential to enhance food security for a growing global population, the sector also faces risks due to climatic conditions and environmental challenges. These include habitat loss, pollution, and increased pressure on deforestation and overfishing due to rising demand for aquafeed. This transaction seeks to address these challenges and serves as a strong case study for sustainable shrimp procurement to strengthen resilience and promote inclusiveness across the supply chain.”

BANGKOK – May 8, 2025

Thai Union Group PCL, the world’s seafood leader, has secured a landmark USD 150 million Blue Loan from the Asian Development Bank (ADB) a first for the seafood industry in Thailand. This milestone sets a new benchmark for sustainable finance in aquaculture, reinforcing Thai Union’s commitment to responsible sourcing, sustainable seafood production, and climate resilience.

The financing package includes an ADB A-Loan and a syndicated B-Loan with commercial co-financing partners - Bank of China (Hong Kong) Limited, HSBC, MUFG Bank Ltd, OCBC, Sumitomo Mitsui Banking Corporation, and United Overseas Bank Limited. Proceeds will be used to scale Thai Union’s sustainable shrimp procurement in Thailand – a key pillar of its SeaChange® 2030 global sustainability strategy to support its ambition to reach net zero greenhouse emissions by 2050.

Beyond advancing Thai Union’s own sustainability goals, the Blue Loan supports Thailand’s national commitments on climate action and sustainable development. It is also closely aligned with ADB’s Strategy 2030, which prioritizes climate resilience, rural development, and inclusive economic development.

The financing package includes an ADB A-Loan and a syndicated B-Loan with commercial co-financing partners - Bank of China (Hong Kong) Limited, HSBC, MUFG Bank Ltd, OCBC, Sumitomo Mitsui Banking Corporation, and United Overseas Bank Limited. Proceeds will be used to scale Thai Union's sustainable shrimp procurement in Thailand – a key pillar of its SeaChange® 2030 global sustainability strategy to support its ambition to reach net zero greenhouse emissions by 2050.

Through the Blue Loan, Thai Union will expand sourcing of sustainable shrimp – shrimp certified under schemes recognized by the Global Sustainable Seafood Initiative (GSSI), including the Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP), or sourced from farms engaged in credible Aquaculture Improvement Projects (AIPs). The approach emphasizes both environmental sustainability, such as biodiversity protection, feed traceability, and lower carbon emissions from the use of renewable energy, improved FCR, and preventing deforestation, along with social responsibility, including fair labor practices and community engagement.

Beyond advancing Thai Union’s own sustainability goals, the Blue Loan supports Thailand’s national commitments on climate action and sustainable development. It is also closely aligned with ADB’s Strategy 2030, which prioritizes climate resilience, rural development, and inclusive economic development.

Thai Union Group PCL, the world's seafood leader, has secured a landmark USD 150 million Blue Loan from the Asian Development Bank (ADB) a first for the seafood industry in Thailand. This milestone sets a new benchmark for sustainable finance in aquaculture, reinforcing Thai Union's commitment to responsible sourcing, sustainable seafood production, and climate resilience.

The financing package includes an ADB A-Loan and a syndicated B-Loan with commercial co-financing partners - Bank of China (Hong Kong) Limited, HSBC, MUFG Bank Ltd, OCBC, Sumitomo Mitsui Banking Corporation, and United Overseas Bank Limited. Proceeds will be used to scale Thai Union's sustainable shrimp procurement in Thailand – a key pillar of its SeaChange® 2030 global sustainability strategy to support its ambition to reach net zero greenhouse emissions by 2050.