Vinamilk receives sustainable development award 2022

The Top 50 Sustainable Development Enterprises 2022 voting program evaluates overall aspects of the enterprise including:Stable Growth, Sustainable Corporate Culture, Corporate Governance, Environmental Protection, Social Responsibilityand according to 3 business groups: FDI enterprises, listed enterprises and unlisted enterprises. The program received data and advice from the Jury including representatives from: HSBC Bank, Deloitte Vietnam, FTI (Singapore), Talentnet, Circular Economy Research and Development Institute... according to international criteria and practices to ensure accuracy in the assessment.

Mr. Trinh Quoc Dung - Vinamilk Executive Director (Raw Material Development Division) represented the Top 50 CSA award recipient. Photo: PV

With the theme "Stable business, Green earth", this year, in addition to honoring businesses, the program also aims to establish data on sustainable development, helping the Government and related social organizations to develop policies that closely follow reality to support businesses in sustainable development, thereby, together with Vietnam to fulfill its commitments at the COP26 Conference on bringing net emissions to "0" by 2050.

Vinamilk is one of 25 listed companies voted in the Top 50 Sustainable Development Enterprises. Photo: PV

In Vietnam, Vinamilk is a business that receives high appreciation for sustainable development with all 3 ESG aspects.(Environment - E; Society - S; Corporate Governance - G).Since 2012, Vinamilk has begun publishing Sustainable Development Reports (SDRs) in reference to the GRI Standards and the United Nations Sustainable Development Goals (SDGs). These reports have helped to fully and accurately record the roadmap for implementing SDGs at Vinamilk with many encouraging results. Vinamilk is also in the Top 10 sustainable development enterprises in Vietnam (in the manufacturing sector) for 6 consecutive years.

In 2021, Vinamilk continued to maintain its position in the top 20 green stocks of VNSI (continuously since 2017), with a total ESG score of 90%. Photo: PV

In 2021, Vinamilk has made new strides with a series of activities and cooperation projects with global organizations on sustainable development, continuing to accelerate sustainable development programs despite facing many challenges due to the Covid-19 pandemic.

Specifically, Vinamilk cooperated with the World Dairy Sustainability Framework (DSF) to conduct an assessment program - identifying key aspects of sustainable development at Vinamilk in particular, and the Vietnamese dairy industry in general. From there, 6 priority aspects were clearly identified:Product safety and quality; Ensuring working conditions; Developing the local economy; Reducing greenhouse gas emissions; Waste management; Animal welfare.

Vinamilk's sustainable development practices in agriculture, dairy farming and milk production and processing are prominent. Identifying this as the main activity of the enterprise with a system of many factories and farms across the country, Vinamilk has promoted action programs such as:Deploying renewable energy, green energy such as CNG, Biomass or solar energy at farms, factories...; Building the Vinamilk Green Farm ecological farm model; Applying circular economy to utilize and regenerate resources; Accelerating the process of reducing CO2 emissions, towards the goal of net zero emissions by 2050...

Speaking about Vinamilk's sustainable development policy for the agricultural and dairy farming sector, Mr. Trinh Quoc Dung said:“Agriculture is one of the sectors that has a direct impact on the environment. Realizing this, Vinamilk strives to create positive impacts and minimize negative impacts on nature in its operations. By applying advanced technologies and thinking about sustainable agriculture, Vinamilk's dairy farms now have a green - clean - fresh environment, 100% of the farms have converted to using green energy, renewable energy, natural resources of land and water are managed and used economically. I believe that Vinamilk farms will gradually become Net-Zero farms, contributing to building the Vietnamese dairy industry in an advanced and sustainable direction."

Vinamilk Green Farm ecological farm system is built in Tay Ninh, Quang Ngai, Thanh Hoa with a herd of 20,000 dairy cows. Photo: PV

Recently, Vinamilk's dairy farm cluster in Da Lat was also honored to receive the Vietnam Environment Award from the Ministry of Natural Resources and Environment for its outstanding results in environmental protection. Previously, the Vinamilk Green Farm ecological farm model was also highly appreciated at the 2022 Global Milk Conference in France for its initiatives and good practices in sustainable development in the dairy farming industry. In the 5-year period of 2022-2026, "promoting the application of technology in sustainable agriculture" has become one of the four key strategic directions identified by Vinamilk.

In 2021, Vinamilk had more than 60 hectares of land for growing corn and grass for cow feed grown using organic methods. Photo: PV

Regarding the community, Vinamilk has implemented a series of community-oriented programs, especially during the Covid-19 pandemic. More than 100 billion VND has been supported by the enterprise in many forms for activities to support the fight against the pandemic, support people in difficulty and take care of children. The 15th year of the Vietnam Grow Tall Milk Fund program continues to donate more than 1.9 million milk boxes to 21,000 children nationwide. To date, this program has helped bring nutrition from milk to nearly half a million Vietnamese children.

Children at the Quang Ngai Protection Center visit Vinamilk Green Farm Quang Ngai, an activity in the 2022 Milk Fund program. Photo: PV

Not only implementing CSR programs to demonstrate corporate social responsibility to the community, Vinamilk also ensures sustainable values ​​for employees, partners, farmers, customers, etc. through many sustainable development policies that are implemented consistently and seriously.

See more in the ReportVinamilk Sustainable Development in 2021

Source: SCA Top 50 Results:CSA: Corporate Sustainability Awards - Cau Dau Tu