As Vinamilk advances its net zero emissions plan, it announces its third carbon neutral plant

Ho Chi Minh City, Vietnam, July 8, 2024 /PRNewswire/ — Milk of wine, Vietnam leading dairy company announces that its Vietnamese Beverage Factory has achieved the international Carbon Neutrality certification (PAS 2060:2014) from the British Standards Institute (BSI). It has achieved 3 Carbon Neutral units in less than a year since the announcement of the Vinamilk Pathways to Dairy Net Zero 2050 action plan, demonstrating the company’s commitment and remarkable progress in sustainable practices.

Vinamilk’s next step towards Net Zero goal

Founded in 2010, Vinamilk’s Vietnam Beverage Factory produces over 282 million products annually. The factory’s certification confirms the neutralization of 3,410 tons of CO2e emissions, achieved through emission reduction in production and investment in forest funds to absorb greenhouse gases. By adopting green energy and advanced technologies, the factory obtains over 92% of its energy consumption from clean, renewable sources, resulting in a 30% reduction in emissions.

This significant milestone underlines Vinamilk’s commitment to sustainability, as the company now has a total of three certified sites (including Nghe An Dairy Factory and Nghe An Dairy Farm). Together, these sites have offset 21,000 tonnes of CO2 emissions (Scope 1 and 2), equivalent to the impact of approximately 2 million trees.

“We are actively integrating environmentally friendly technologies, switching to green energy and adopting the principles of circular economy to develop factory models that are not only modern and of international quality, but also increasingly sustainable. Thanks to the unwavering determination of our Board of Directors and the positive involvement of our employees, Vinamilk is committed to further reducing the carbon footprint of each product for consumers,” Pan said. Hoang MinhExecutive Director of Production and Head of Net Zero Project at Vinamilk.

From plan to effective actions

Through Vinamilk Pathways to Dairy Net Zero 2050, the company is actively implementing projects to reduce its carbon footprint, guided by 8 key pillars: sustainable sourcing, green and renewable energy, low-emission packaging, low-emission product development, green logistics, carbon sequestration, sustainable consumption and circular economy, and stakeholder engagement.

“By conducting a comprehensive inventory and thorough assessment of emissions, companies can obtain the necessary information to create a systematic plan to reduce and neutralize emissions. As the consulting company responsible for verifying these practices at various Vinamilk factories, we believe that their initiatives can serve as a model for companies striving for sustainable development and contributing to Vietnam “The goal is to achieve net zero,” Pan said. Le Duyen AnhDirector General of BSI Vietnam.

In addition, Vinamilk is implementing large-scale carbon sequestration initiatives, including increasing funding for green trees on farms and factories, protecting more than 1,000 hectares of forests Laosand promoting tree planting through the Vinamilk Net Zero Forest project. This includes a joint effort with the Ministry of Natural Resources and Environment to reforest 25 hectares of mangroves Ca Mau Province.

Vinamilk Pathways to Dairy Net Zero 2050, recognized as a winner in the Green Leadership category by the Asia Responsible Enterprise Awards (AREA) 2024, demonstrates the company’s pioneering role in ESG and sustainability, driving significant changes not only in business practices but also Vietnam dairy industry on the path to net zero.

About Vinamilk

Founded in 1976, Vinamilk is Vietnam leading dairy company, operates 15 farms and 17 factories, providing up to 250 SKUs in product portfolio, exported to 60 countries and regions. It ranks sixth among the most valuable dairy brands in the world, valued at 3 billion dollarsand is one of the top five sustainable dairy brands in the world.

To learn more about Vinamilk Net Zero 2050 plan, visit: https://www.vinamilk.com.vn/phat-trien-ben-vung/bao-cao/2023/en.html

Source: Vinamilk