As global businesses strive to transform to respond to climate change, Vinamilk's ESG Report 2024 provides a comprehensive view of the determination and steady progress of Vietnam's leading dairy company. With the theme "Time for Transformation", Vinamilk not only maintains its commitment but also elevates its sustainable actions, aiming to create shared value for people, communities and the planet.
Vinamilk - Pioneer in creating sustainable values
The Vinamilk ESG 2024 Report affirms a pioneering role, not just stopping at commitment but transforming into practical actions. This is not just a story about a business fulfilling its responsibilities, but a comprehensive strategy to create shared value for people, communities and the planet.
In the journey towards the Net Zero 2050 target, Vinamilk has made concrete progress. In 2024, the company had 3 units (including 2 factories and 1 farm) certified as Carbon Neutral according to PAS 2060 standard, a significant increase compared to 2 units in 2023. This is a clear demonstration of the continuous investment and efforts.
At the same time, Vinamilk's registration to participate in the SBTi (Science Based Targets initiative) with specific emission reduction targets of 15% by 2027 and 55% by 2035 demonstrates its seriousness and compliance with international scientific standards in the fight against climate change.
Vinamilk's pioneering role is also reflected in the integration of transparent governance through technology. For the first time, Vinamilk emphasized the implementation of a synchronous ESG data management system across the group, allowing real-time monitoring of sustainability indicators. This not only enhances operational efficiency but also creates a solid foundation for the business to confidently participate in global initiatives such as CDP (Carbon Disclosure Project).
Expanding reach and enhancing performance across ESG pillars
The figures in the report show that Vinamilk is continuously improving its performance on all three ESG pillars: Environment (E), Society (S) and Governance (G).
1. Environmental Pillar (E)
In terms of the environment, the total emissions in 2024 are 252.175 tonnes of CO₂e, and the company has adopted many solutions to reduce this figure. 100% of factories and farms carry out greenhouse gas emissions inventories according to ISO 14064. In addition, the entire factory has applied the energy management system according to ISO 50001 since 2013.
In resource management, Vinamilk has saved 11.596 m³ of water per year and treated 100% of wastewater to standards. The circular economy model is widely applied, helping to turn livestock waste into organic fertilizer and bioenergy. The “Lap with Ears” packaging innovation project is a typical example of the effort to eliminate millions of plastic straws from the environment.
2. Social Pillar (S)
With this pillar, Vinamilk continuously invests in people and the community. The company contributed nearly 75 billion VND to community activities in 2024, of which the School Milk program supported 56 billion VND, a slight increase compared to 55 billion VND in 2023. The "Vietnam Grow Tall Milk Fund" continued its 17th year journey, giving more than 42 million milk boxes to disadvantaged children.
3. Governance Pillar (G)
Vinamilk demonstrates its professionalism through the application of technology and product innovation. The company continuously introduces new products and applies advanced technology such as Swedish microfiltration for Green Farm high protein milk and the successful addition of 6HMO, bringing higher nutritional value to consumers.
In terms of working environment, Vinamilk was recognized as “Most Favorite Employer” and has achieved impressive achievements in occupational safety, with the number of work-related injuries falling sharply by 62% compared to 2023, to only 8 cases.
Conclusion
Vinamilk's ESG Report 2024 shows a strong and comprehensive "transformation", continuing to affirm the company's deep commitment to sustainable development. Vinamilk not only maintains but also expands and enhances its ESG initiatives, especially in the areas of: Net Zero and emission reduction, product and technology innovation, governance and transparency, as well as social responsibility. These efforts not only contribute to environmental protection, improving the quality of life of the community but also strengthen Vinamilk's position, reputation and competitiveness in the domestic and international markets, making ESG a strategic opportunity for the sustainable development of the enterprise.