Climate Change Data

Masan Consumer Corporation

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:376,029 tCO2e/year (Scope 1 & 2)
Renewable Energy Share:87%
Total Energy Consumption:1,609,301 GJ/year
Water Consumption:123,828.7 megaliters/year
Waste Generated:155,291 tons/year

ESG Focus Areas

  • Climate change
  • Environmental stewardship
  • Supply chain management
  • Food health, nutrition, safety & product labelling
  • Community development
  • Human capital
  • Customer relationship management
  • Business ethics and corporate governance

Environmental Achievements

  • Reduced absolute GHG emissions by 4.83% against 2021
  • 87% of energy consumed came from renewable sources (primarily biomass)

Social Achievements

  • Launched the “One million meals with meat” initiative
  • Conducted 550 cataract surgeries in Kien Giang Province
  • Inaugurated the 7th bridge in Hau Giang Province
  • Distributed gifts worth nearly VND2 billion to over 2,000 children

Governance Achievements

  • Established an ESG Committee in 2024
  • Appointed an ESG Champion to head the Company’s ESG Committee

Climate Goals & Targets

Long-term Goals:
  • Net Zero emissions by 2050
  • Maintain 90% of customer satisfaction score through and beyond 2030
Medium-term Goals:
  • 15% reduction for Scope 1 and 2 GHG Emissions by 2030
Short-term Goals:
  • Introduce at minimum 5 products considered “Good for Health” by 2025
  • Develop responsible sourcing policies for all material ESG issues relevant to MSN supply chain and apply for 60% key suppliers by 2025
  • Annual water usage reduction of 5-10% per unit production due to water recycling by 2025
  • Increase 50% of waste recycled by 2025
  • Maintain employee satisfaction survey score of at least 70% yearly
  • Maintain 45% of women to men for rank 3 and above
  • Maintain a score of at least 70% in the Diversity and Inclusion section of the employee satisfaction survey yearly
  • Establish MCH ESG Committee by 2024
  • Nominate MCH ESG Committee representative to be part of Masan group-level ESG Committee from 2024
  • Appoint MCH ESG Champions for each material ESG topic with clear roles, responsibilities, targets, and KPIs by 2024

Environmental Challenges

  • Reduced consumer spending due to economic downturn
  • Increased prices of materials and equipment due to global inflation
  • Supply chain disruptions
  • Intense competition in the FMCG market
  • Potential for product contamination
Mitigation Strategies
  • Optimizing production processes and implementing a strategy focused on quality and stability of raw materials
  • Seeking cost-saving solutions and shortening lead times
  • Expanding e-commerce channels
  • Investing in research and development, promotions and marketing
  • Frequent inspection at manufacturing plants and of raw materials

Supply Chain Management

Responsible Procurement
  • Responsible sourcing policies

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: ISO 9001, ISO 22000, SA8000, BRC, FSSC, HALAL, ISO 14001, ISO 45001, ISO 50001:2018

Third-party Assurance: KPMG Limited

UN Sustainable Development Goals

  • Good Health and Well-being
  • Industry, Innovation and Infrastructure
  • Responsible Consumption and Production
  • Partnerships for the Goals
  • Affordable and Clean Energy
  • Sustainable Cities and Communities
  • Climate Action
  • Clean Water and Sanitation
  • Decent Work and Economic Growth
  • Reduced Inequalities
  • Gender Equality

Sustainable Products & Innovation

  • EnerZ energy drink (low sugar)
  • BupnonTEA 365 (green tea)
  • Products made from rice noodles

Awards & Recognition

  • Great Place to Work certification
  • Ho Chi Minh City Golden Brand award
  • Golden Brand for the youth 2023
  • Top 3 Most Chosen Brands 2023
  • National Brand 2022-2024