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Secoin kicks off ESG strategy development and greenhouse gas inventory activities according to ISO 14064:1-2018 reporting standard
Within the framework of the tripartite Memorandum of Understanding between the Agency for Enterprise Development (AED) of the Ministry of Planning and Investment (MPI), the USAID Vietnam Private Sector Competitiveness Enhancement Project (IPSC) and Secoin Construction Materials Joint Stock Company, on the afternoon of October 7, 2024 at the IPSC Office - 7th Floor, Asia Tower - No. 6 Nha Tho, Hang Trong, Hoan Kiem, Hanoi, the program to launch the ESG strategy development and greenhouse gas inventory according to the ISO 14064:1-2018 reporting standard took place. This project will be implemented by Deloite Vietnam, a leading company in Vietnam in the field of Consulting - Auditing.
Attending the program were Ms. Trinh Thi Huong - Deputy Director of the Department of Enterprise Development - Ministry of Planning and Investment, Mr. Mark Birnbaum - Director of the USAID IPSC Vietnam Private Sector Competitiveness Enhancement Project, Mr. Doan Quoc Dung - Director of the IPSC Pioneer Enterprise Support Program, Ms. Tran Thi Thuy Ngoc - Permanent Deputy General Director of Deloitte Vietnam - Secoin-Deloitte project consultant, Ms. Dinh Hoai Giang - General Director of Secoin Construction Materials Joint Stock Company and all members of Deloitte Vietnam implementing the Project and representatives of Secoin members participating in the Project.
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Ms. Pham Thi Minh Huong, Project Manager, on behalf of Deloitte Vietnam, introduced the Project content, scope of work, approach and implementation plan, introduced the coordination method between the parties in the project and the project management method. The parties also discussed openly to come up with the best action plan to ensure the content and progress of the Project.
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Developing an ESG strategy and greenhouse gas inventory brings many benefits not only in terms of law but also helps businesses enhance their image and sustainable value in the eyes of partners and customers.
1. Increase transparency: A comprehensive ESG strategy and clear emissions reporting help businesses make their operations transparent, building trust with stakeholders.
2. Risk control: Thanks to greenhouse gas inventories, businesses can easily identify major emission sources, thereby building control plans and minimizing environmental risks as well as operating costs.
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3. Improve brand image: Enterprises with a clear ESG strategy and commitment to environmental protection will build trust and sympathy from the community, investors, and customers.
4. Meet legal regulations: Compliance with ISO 14064-1:2018 standards helps enterprises easily overcome inspection and assessment requirements from management agencies and governments.
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The launch of the project to develop an ESG strategy and conduct a greenhouse gas inventory according to ISO 14064-1:2018 is a necessary step in the current context, not only helping businesses meet legal requirements but also contributing to building a sustainable brand image and attracting the attention of investors. This is an opportunity for businesses to demonstrate their responsibility to the community, creating a solid foundation for long-term development in the future.
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