Thai Union Group PCL has been recognized as the Overall Winner of the Adam Smith Best in Class Treasury Solution Award – ASEAN by Treasury Today. The award acknowledges the company’s efforts to improve its treasury operations, particularly through innovation, sustainability initiatives, and strategic leadership.
The company restructured its treasury function during a period marked by global challenges such as the COVID-19 pandemic, economic instability, and geopolitical issues. Thai Union established a Global Treasury Centre along with regional hubs to centralize cash management, financing, and risk control. The company also adopted automation tools, artificial intelligence, and real-time data systems to boost efficiency and support decision-making.
Yongyut Setthawiwat, Managing Director and Group Treasurer at Thai Union Group, stated: “This award is a testament to the dedication and vision of our entire team at Thai Union Group. By embracing innovation, sustainability, and collaboration, we have transformed our treasury into a strategic partner that drives real value for our business and our communities. Together, we are setting new benchmarks for excellence in ASEAN and beyond.”
A notable aspect of Thai Union’s approach was its introduction of sustainable finance measures that promote responsible wild caught seafood practices and aquaculture. These actions align with national sustainability objectives and reflect the company’s commitment to environmental responsibility.
The Adam Smith Awards Asia are widely regarded as a leading recognition in corporate treasury circles across sectors. Thai Union’s achievement highlights its ongoing focus on adding value both within its business operations and for wider communities while advancing sustainable finance practices.