Vietnam Sunergy Joint Stock Company
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:76,718.33 tCO2e/year (Scope 1, 2, and 3 combined)
Scope 1 Emissions:241.82 tCO2e/year
Scope 2 Emissions:11,946.34 tCO2e/year
Scope 3 Emissions:54,551.17 tCO2e/year
Total Energy Consumption:40,557.04 MWh/year
Water Consumption:14,613 m3/year
Waste Generated:17.29 tons/year
ESG Focus Areas
- Environmental Protection
- Innovative Development
- Customer Responsibility
- Employee Responsibility
- Social Welfare
- Corporate Governance
Environmental Achievements
- Company's water consumption decreased by 11% compared to the previous year.
- Received a B- rating in 2023 CDP Climate Change Questionnaire (Management Level).
- Undertook various technical retrofit projects resulting in energy savings.
- Passed the ISO 14001 environmental management system recertification.
- All workplaces underwent environmental risk assessments (100% coverage).
- All employees received training and education on environmental protection topics.
- 100% hazardous waste disposal rate.
Social Achievements
- Donated to the Ngai Thau – Sin Chai branch for school renovation.
- Supported medical teams conducting mobile medical rescue surgeries.
- Actively participates in social welfare and charity activities.
- Maintained a stable safety production situation, with zero serious injuries or above; zero major safety accidents; and zero occupational disease incidents.
- Employee health check-up rate was 100%.
- 100% training rate among its employees.
- 90 vocational skill training sessions organized; 15 employees were promoted professionally.
- Customer satisfaction remained above 98%.
Governance Achievements
- Established a systematic framework for sustainable development, centered around clear and transparent ESG policies.
- Awarded a Bronze Medal for Sustainability Achievements in 2023 by EcoVadis.
- Joined the United Nations Global Compact.
- Conducted internal audits of its social responsibility management work.
- All departments and workshops carried out social responsibility training on schedule.
- Every employee received training on the company's social responsibility policies.
- Achieved a 100% collective bargaining agreement signing rate.
- No incidents of violation of laws and regulations.
- Zero corruption incidents, with 0 employees dismissed for corruption.
Climate Goals & Targets
Medium-term Goals:
- Reduce the intensity of greenhouse gas Scope 1 and Scope 2 emissions (tCO₂e/MWh) by 50% compared to the 2023 baseline by 2033.
Environmental Challenges
- Global warming and frequent extreme weather events.
- Continuous price fluctuations in the photovoltaic (PV) global supply chain.
- Risks brought by political volatility.
Mitigation Strategies
- Swiftly adjusting to mitigate risks brought by political volatility.
- Accelerating the localization strategy in the United States.
- Exploring global markets for new development opportunities.
- Focusing on maximizing contribution to global carbon reduction.
- Fulfilling corporate social responsibility.
- Aiding in global climate governance.
Supply Chain Management
Supplier Audits: 55/year
Responsible Procurement
- Supplier Code of Conduct
- Environmental commitment declarations
- Confidentiality and integrity agreements
- Sustainable Procurement Charter
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards (2021 version), ISO 26000: Guidelines for Social Responsibility (2010), UN SDGs 2030, UNGC
Certifications: ISO 14001, ISO 9001
UN Sustainable Development Goals
- SDG 3
- SDG 5
- SDG 7
- SDG 8
- SDG 11
- SDG 12
- SDG 13
VSUN integrates the UN SDGs into its development strategy and operations.
Awards & Recognition
- Best Performer by PVEL Labs
- Bronze Award from EcoVadis
- Best Photovoltaic Module Manufacturer in Vietnam by Vietnam Energy Magazine
- Best Photovoltaic Manufacturer by APAC Insider
- Top 20 Outstanding Brands in Vietnam by the Consumer Association
- Top 20 Trusted Enterprises in Vietnam by the Vietnam Economic and Cultural Organization