Mitihoon – Thai Union Group PCL (TU) has been named the Overall Winner of the Adam Smith Best in Class Treasury Solution Award – ASEAN by Treasury Today, the region’s most respected benchmark for corporate treasury achievement. This honor recognizes Thai Union’s transformation of its treasury operations, setting new standards for innovation, sustainability, and strategic leadership in the region.
Thai Union’s treasury journey has been marked by bold vision and resilience. In the face of global uncertainties—including the COVID-19 pandemic, economic volatility, and geopolitical tensions—the company reimagined its treasury function as a strategic partner to the business. Key initiatives included the establishment of a Global Treasury Centre and regional hubs, centralizing cash and financing management and risk control, and leveraging automation, artificial intelligence, and real-time data to enhance efficiency and decision-making.
Yongyut Setthawiwat, Managing Director, Group Treasurer, said, “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 standout achievement was Thai Union’s pioneering of sustainable finance. This initiative supports responsible wild caught seafood and aquaculture and aligns with other national sustainability goals, reflecting Thai Union’s broader commitment to environmental stewardship.
The Adam Smith Awards Asia are regarded as the ultimate accolade in the corporate treasury world, celebrating organizations that demonstrate best practice and innovation regardless of size or sector. Thai Union’s win highlights its commitment to driving real value for its business and communities, and its role as a pioneer in sustainable finance.
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