In the context of sustainable development becoming a guiding principle for many businesses, the FPT ESG Report 2024 is not only a document but also a clear demonstration of the maturity and integration of ESG into the core business strategy. This year's report presents a comprehensive picture, with specific figures, demonstrating the Group's steady progress in creating value for the environment, society and governance.
Environment (E) - NetZero 2040 Roadmap: From Commitment to Concrete Action
FPT has maintained its commitment to achieving NetZero by 2040, an ambitious goal but underpinned by concrete actions. The 2024 report highlights a strategic partnership with USAID through the Vietnam Low Emission Energy Program II (V-LEEP II) to develop a comprehensive NetZero plan.
The greenhouse gas emissions figures demonstrate the Group's transparency and responsibility. Total scope 1 and 2 greenhouse gas emissions in 2024 are 143.574 tons of CO₂, get a raise 16% compared to 2023. However, FPT has standardized the inventory method and is piloting inventory of the entire scope 3, and aims to achieve this by 2026, 2,5% Total electricity consumption will come from renewable energy sources and 100% The lighting system will convert to LED lights.
In addition, initiatives to “green” the office are being strongly implemented. FPT has committed to using 100% eco-friendly cup, do not use plastic bottles and use recycled garbage bags. The rate of using electronic documents (Paperless) reaches 78,9%, and 80% total number of digitally signed contracts, showing a significant jump over the previous figure. 39% of 2023.
Society (S): Contributing to the Community: Bringing technology to build the future
With the motto "going hand in hand for community development", FPT has used its technological strengths to create positive impacts. The total budget to support social responsibility activities in 2024 is VND XNX billion, with more than 62.540 people benefit nationwide.
Education programs continue to receive strong investment. The total amount of Nguyen Van Dao scholarships awarded in 2024 is VND XNX billion, increased more than 8% compare to VND XNX billion of 2023. The scale of Hope School increased from 230 up 307 studentsIn addition, FPT has completed 431 bridges "Helping children go to school" in the Mekong Delta, compared to 350 bridges by the end of 2023.
FPT CEO Nguyen Van Khoa has become a member of the Vietnam ESG Forum High Council. This affirms, as he shared: “FPT has been turning ESG into a core strategy, not only for the development of the Group but also for the prosperity of the country.”
Governance (G): The Foundation for a Sustainable Business
FPT continues to affirm its position as one of the leading workplaces, with the Technology sector's turnover rate in 2024 reaching only 13,9%, is the lowest level in 6 years past, lower than the level 14,7% of 2023. This reflects the commitment and satisfaction of employees. The culture of lifelong learning is nurtured through impressive figures: FPT spent 184,7 billion VND on internal training activities and each employee participated in an average of 139 hours of study per year, higher than the 127 hours of 2023.
Diversity and inclusion are demonstrated by the number of female employees accounting for 37,1%, higher than the general rate of the world IT industry (25%). The number of employees also increased from 48.162 in 2023 to 54.687 in 2024. The number of foreign employees also increased from 2.925 (in 2023) to 3.489 (in 2024) of 87 nationalities, affirming the Group's global position.
The foundation of all ESG activities at FPT is effective and transparent governance capacity. According to FPT Deputy General Director Nguyen The Phuong: “ESG is not just a commitment to responsibility and ethics, but also a positive factor to help the world become more sustainable, prosperous and happy. We believe that integrating ESG into our core business will enhance the long-term value and growth opportunities of the Group.”
In 2024, FPT pioneered research and application AI in financial management (inventory forecasting, cash flow management) and procurement (supplier suggestions, price difference control), a major step forward in increasing transparency and optimizing operations. Furthermore, the launch of the channel iListen allowing employees to contribute their opinions frankly, strengthening the internal culture of respect and fairness. FPT has also issued and revised ESG-related policies, focusing on four key categories, with a training completion rate of 97,5% across the system.
Conclusion and Challenges
FPT ESG Report 2024 demonstrates a sustainable development journey with significant depth and maturity. Specific, highly comparable figures are proof of the transparency and effectiveness of ESG activities.
However, in addition to successes, FPT also faces new challenges. Controlling total greenhouse gas emissions as the business scale expands and optimizing the budget for community contributions will be the points that FPT needs to continue to focus on. However, clearly identifying new risks such as environmental risks, natural disasters, and epidemics shows that FPT is better prepared for future challenges. Overall, FPT's ESG Report 2024 is not only an information disclosure document, but also a manifesto of commitment and action, turning sustainable development into a core competitive advantage.