Climate Change Data

VinaCapital Group

Climate Impact & Sustainability Data (2023-06-30 to 2024-07-01)

Reporting Period: 2023-06-30 to 2024-07-01

Environmental Metrics

Total Carbon Emissions:314 tCO2e (Scope 1 & 2) + 22,623 tCO2e (VinaLiving joint ventures)
Scope 1 Emissions:43 tCO2e
Scope 2 Emissions:271 tCO2e

ESG Focus Areas

  • Business Ethics, Transparent Information & Fair Advice for Customers
  • ESG integration
  • Climate change
  • Data Security, Customer privacy
  • Diversity, Engagement & Inclusion

Environmental Achievements

  • Maia Resort Quy Nhon and The Ocean Villas Quy Nhon received awards for sustainable design.
  • VinaCarbon launched with the goal of investing in carbon projects.
  • SkyX Solar – 100MWp rooftop solar under operation/development, with 200MWp pipeline.

Social Achievements

  • VVF received classification as Article 8 under the EU’s SFDR.
  • VinaCapital Foundation provided free heart surgeries and other support.
  • Annual Staff Conference held with focus on employee engagement.

Governance Achievements

  • Expanded proprietary sustainable investment research tools and processes, including completing ESG scoring for all companies in our coverage universe.
  • Record levels of engagement with portfolio companies.
  • Established a rigorous Data Privacy & Security Policy and Cybersecurity Program.

Climate Goals & Targets

Long-term Goals:
  • Net Zero emissions by 2050
Medium-term Goals:
  • 30% of portfolio will measure and have target for water and energy reduction by 2028
  • 50% of portfolio will measure and have target for water and energy reduction by 2030
Short-term Goals:
  • EDGE certify 100% of upcoming hospitality portfolio.

Environmental Challenges

  • ESG adoption in Vietnam is still at an early stage.
  • Differing regulatory approaches to ESG disclosure pose a risk of fragmentation.
  • Climate change poses significant risks to Vietnam, particularly the Mekong Delta.
Mitigation Strategies
  • Aligned ESG performance measurement and disclosure practices with globally recognized standards.
  • Established a Corporate Climate Policy in alignment with TCFD.
  • Actively engaging with portfolio companies to improve their ESG performance.

Supply Chain Management

Responsible Procurement
  • Clear criteria for supplier selection and random independent audits (for healthcare investments).

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
  • Flooding
  • Drought
  • Sea Level Rise
Transition Risks
  • Regulatory changes
  • Market shifts
  • Technology changes
Opportunities
  • Increased demand for climate adaptation solutions
  • Growth in renewable energy sector

Reporting Standards

Frameworks Used: TCFD, GRI, SASB, UN PRI, SFDR

Certifications: EDGE Assess

Awards & Recognition

  • People Champion (2023)
  • Asset Management Company of the Year (2023)
  • International Real Estate Awards (2023-2024)
  • Most Responsible Investor (2022-2023)
  • EDGE award