The Company designates June and December of each year as Environmental Awareness Months, promoting various energy-saving and carbon reduction policies to employees. Specific annual electricity-saving targets are set for each production site, with performance tracked and disclosed on the Company’s website. Greenhouse gas inventories are conducted in accordance with ISO 14064-1, with verification entrusted to the third-party organization BSI.
Base Year and Data
The baseline year is ??? tons of CO₂e.
Reduction Targets
The reduction targets are as follows: a 1% reduction in 2024, a medium-term target of 3% annual reduction from 2025 to 2030, and a long-term target of 5% annual reduction from 2031 to 2050.
Strategy and Specific Action Plans
- The Company has implemented ISO 14064-1 greenhouse gas inventory and obtained third-party verification, and will continue to conduct the inventory annually.
- The Company has implemented the ISO 50001 Energy Management System and obtained third-party verification, and will continue to implement energy-saving and carbon reduction initiatives annually.
- In response to the EU ETS reporting under the EU CBAM, the Company has implemented ISO 14067 for product carbon footprint accounting and will conduct formal verification once the official verification standards are published.
- The Company is currently evaluating the feasibility of installing solar power systems or purchasing green electricity, gradually moving toward net-zero emissions.
- According to Vietnam’s Decree No. 06/2022/NĐ-CP on GHG management, from 2025 onward, VPIC1 will submit a third-party verified GHG inventory report to the Vietnamese government every two years, and by the end of 2025, will present a carbon reduction plan for 2026–2030. VPIC1 plans to adopt ISO 14068 in mid-2025 to develop this reduction plan and, starting in 2027, submit annually verified emission reduction results. The company is committed to continuously refining climate targets and indicators to enhance resilience and drive industry transformation.
Progress Toward Emission Reduction Targets
The Company’s total emissions increased by 26,328.23 tons of CO₂e compared to 2023, representing a 16% rise. The main reason is the addition of a new electroplating production line in June 2024, which contributed an increase of 534.09 tons of CO₂e.
VPIC1
