Emerging Risk

EMERGING RISK

GLOBAL EPIDEMIC
DESCRIPTION AND IMPACT MANAGEMENT AND MITIGATION PLAN

On 31 December 2019, the last day of the period under review in this annual report, the first cases of Novel Coronavirus (COVID-19) were reported in Wuhan, China. Since then, COVID-19 has spread globally, causing disruption to businesses across the world.

A global business, Thai Union is no exception, particularly in its supply chain and provision of food products. There have been impacts to our business, particularly in food service to China, and also the risk to our employees’ health.

On 29 January 2020, Thai Union enacted a travel restriction, stopping all non-essential travel to China. On 26th February, this was expanded to affect all travel, worldwide. In China, following government policies, workers were also asked to work from home.

In all our locations, worldwide, Thai Union has put in place hygiene and safety measures, such as providing alcohol rubs and sprays to enable staff to disinfect their hands, and encouraging the use of medical masks. Going forward through 2020 and for the duration of the issue, Thai Union will be providing further measures, such as temperature screening where possible.

Thai Union is closely following World Health Organisation (WHO) guidelines and updates as well as complying with legal requirements from governments in all the countries in which we operate.

Improves of ESG-related factors below
OCEAN PLASTIC
DESCRIPTION AND IMPACT MANAGEMENT AND MITIGATION PLAN

Ocean plastic is a global issue which has been growing in prominence in recent years, raising concerns among not only our stakeholders, but customers and consumers globally. Ocean plastics can have a significant impact on the health and resilience of the oceans, thereby impacting the livelihoods and potentially the health of those people who depend on them.

Thai Union has implemented a number of initiatives to reduce marine litter and abandoned, lost and discarded fishing gear (ALDFG), including joining forces with the Global Ghost Gear Initiative (GGGI). We are currently looking at ways to make our product packaging more environmentally friendly, and have committed to ensuring 100 percent of our branded packaging is reusable, recyclable or compostable by 2025. We also regularly engage our staff and communities on waste minimization, recycling and appropriate disposal of waste.

In 2019, our teams around the world took part in a number of initiatives to help protect combat ocean plastics and marine litter. These included the #GhostGearReborn dive, which took place in Thailand in collaboration with the GGGI. Additionally, we have carried out a series of beach and canal clean ups by teams around the world, including across Europe by John West offices in the UK, Ireland and the Netherlands, Sealect employees also came together to clean Ban Pe Beach on Thailand’s east coast, and Mareblu employees joined volunteers from Legambiente to clean the Cascina Mulini Ascuitti inside Monza Park.

Elements of Thai Union Strategy that management and mitigation plans aim to achieve
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DATA PRIVACY, RISING EXPECTATION AND REGULATION
DESCRIPTION AND IMPACT MANAGEMENT AND MITIGATION PLAN

Data Protection and Privacy regulations which have gradually come into force including the EU General Data Protection Regulation (GDPR) and Thai Personal Data Protection Act B.E. 2562 (2018) (PDPA), have put pressure on IT to control and manage data across Thai Union. Non-compliance could result in reputational, financial penalties and criminal liabilities.

The Company prepared relevant documents and policies in order to ensure that the Company complies with personal data protection requirements under PDPA which shall be fully effective in May 2020. In this regard, the Company is studying the impact of PDPA in light of its upcoming applicability. It has already started preparing relevant documents and policies in order to ensure compliance with such new regulation.

In order to ensure compliance with GDPR enforced in 2018, is an ongoing exercise at different levels within Thai Union Group, with a particular focus within the European subsidiaries of the Group:

  • Internal assessments of the personal data of European citizens potentially collected and processed, have been conducted
  • Relevant measures and corrective actions have been and are being implemented
  • The Group companies, including the Company, reviewed their policies and procedures where and when relevant, and put in place additional controls on technical and business processes to ensure the protection of personal data.
Improves of ESG-related factors below