In the context of sustainable development becoming a vital factor, the Vingroup ESG Report 2024 provides a comprehensive picture of how a multi-industry ecosystem is creating shared value for society. With clear principles and strong commitments, Vingroup not only optimizes economic efficiency but also deeply integrates environmental (E), social (S) and governance (G) factors into its business model, demonstrating seriousness and methodicalness in the journey of sustainable development.
Governance (G): The Foundation of Transparency and Efficiency
Vingroup believes that an effective business must be able to create sustainable values. This is clearly demonstrated through its pioneering management capacity. The Group has built a solid management foundation, set transparent and fair rules and promoted the spirit of cooperation with shareholders and partners.
Governance practices are applied throughout the ecosystem. VinFast has built an “Ethics and Compliance” program to ensure transparency in all operations. Meanwhile, VinAI not only develops breakthrough technology but also offers DrunkSense solution Helps detect drunk driving with accuracy 85%, to support traffic accident prevention, demonstrating social responsibility associated with technology.
Thien Tam Fund is also a typical example of integrating effective governance into community activities, with the Cooperative Linkage program helping thousands of farming households escape poverty.
Environment (E): Commitment to green transformation from industry to services
Vingroup's ESG 2024 report highlights its strong commitment to the environment, demonstrated through concrete figures and actions.
1. Reduce emissions and save energy
The total greenhouse gas emission intensity of the Group's revenue has been down 4,2% in 2024 compared to 2023. This is an encouraging result in the context of total energy consumption increasing by 82,5% due to expansion.
The subsidiaries all have made significant contributions. VinFast plans to reduce nearly 5,9 million tons of CO₂ from the number of electric vehicles delivered in 2024. VinBus also spreads a green lifestyle by using electric buses, reducing more than 48,2 thousand tons of CO₂. The entire system also maintains energy-saving activities, uses LED lights, and applies technology to control electricity and water consumption.
2. Waste and water management
Vingroup focuses on the circular economy. Total household waste increased by 26% but the amount of recycled waste increased by 95%, showing the efficiency in waste treatment. In addition, Vinpearl is piloting the conversion of 100% of plastic water bottles to glass bottles.
Regarding water resources, the total water consumption of the Group 7,2% reduction thanks to effective water-saving solutions. VinFast has also installed an automatic wastewater monitoring system, ensuring 100% wastewater is treated meet standards before being discharged into the environment.
3. Building green living spaces
Vinhomes has affirmed its pioneering role in real estate by developing ecological urban areas with low construction density and aiming for a “Net-Zero Urban Area” by 2050. Construction works use environmentally friendly materials such as unburnt bricks and solar tiles. A typical example is the Can Gio coastal tourism urban area - Vinhomes Green Paradise. With a scale of 2.870 hectares and special ecological advantages, the project has a vision to become the world's leading ESG urban area, demonstrating Vietnam's ESG class on the global map.
In addition, VinUni also actively participates in research and consulting on "green transformation" for localities.
Society (S): Spreading values and developing the community
Vingroup considers employees as the most valuable asset and puts "HEART" as the foundation in all social activities.
1. Human resource development
The Group is committed to not using child labor, forced labor, and ensuring equality for employees. Internal training programs are heavily invested in, developing a team of talented young leaders. Notably, VinUni cooperates internationally and awards 212 Vingroup Science and Technology scholarships to outstanding scholars. Vinschool also awards 30 scholarships to disadvantaged students.
2. Responsibility to the community
Vingroup demonstrated its social responsibility with a series of meaningful activities, supporting tens of millions of VND per household affected by Typhoon Yagi. Thien Tam Fund has given 200 Tet gifts every year, supported the construction of bridges, clean water supply systems, and cataract surgery for 2.000 elderly people.
Vinmec and VinIF's programs also focus on improving community health, with free genetic screening for 3.300 patients and funding nearly VND30 billion for science and technology projects.
3. Cooperation for common benefit
Vingroup affirms its connection with stakeholders through specific activities. The Group listens to customers' opinions, supports partners fairly, and actively participates in policy contributions to management agencies.
Conclusion: Vingroup - Creating a sustainable future
Vingroup ESG Report 2024 is not only an information disclosure document, but also a manifesto of commitment and action. By integrating ESG factors into each activity of the ecosystem, from VinFast's environmentally friendly electric vehicle production, Vinhomes' eco-urban development, to Vinschool's educational and charitable activities and Thien Tam Fund, Vingroup has demonstrated that sustainable development is not an option, but a core strategy to create a more prosperous and greener future for Vietnam.