Phuc Sinh: The first corporation to conduct greenhouse gas inventory for the entire factory system in Vietnam

(Chinhphu.vn) - On October 16, Phuc Sinh Group was officially awarded ISO 14064-1:2018 certification by TUV NORD International Certification Organization according to international standards on greenhouse gas inventory, becoming the first group in Vietnam to implement greenhouse gas inventory for the entire pepper and coffee factory system.

Phuc Sinh is the first corporation in Vietnam to implement greenhouse gas inventory for the entire pepper and coffee factory system - Photo: VGP/Minh Thi

Pioneering the Net Zero journey

Phuc Sinh's achievement of ISO 14064-1:2018 certification marks an important step forward in the Group's sustainable development strategy, while affirming its role as a pioneering enterprise in ESG practices in the Vietnamese agricultural industry.

Accordingly, greenhouse gas inventory work is carried out according to the guidance of the Intergovernmental Panel on Climate Change (IPCC) and complies with Article 16, Circular 38/2023/TT-BCT of the Ministry of Industry and Trade .

By proactively conducting emissions inventory, Phuc Sinh Group not only demonstrates its responsibility to the environment but also anticipates international requirements on emissions transparency, aiming towards the net zero emissions target that the Vietnamese Government has committed to at COP26 and COP27.

Applying ISO 14064-1 helps businesses measure and manage emissions scientifically and transparently, which is an important foundation for building a roadmap for substantial emissions reduction and reliable ESG reporting according to international standards.

Mr. Phan Minh Thong, Chairman of Phuc Sinh Group, received ISO 14064-1:2018 certification - Photo: VGP/Minh Thi

Practical action for sustainable development goals

Speaking at the ceremony, Mr. Phan Minh Thong, Chairman of Phuc Sinh Group, shared: "ISO 14064-1:2018 certification is a clear demonstration of Phuc Sinh's ESG commitment. We wish to not only reduce emissions in production activities but also aim for the goal of 'Zero-emission coffee production' and achieve carbon credits in the future. This is Phuc Sinh's responsibility and opportunity to contribute to the Net Zero target of Vietnam and the international community."

After completing the greenhouse gas inventory for the entire system, Phuc Sinh Group will build a realistic emissions reduction roadmap, aiming to: Reduce CO₂ emissions in stages until 2030; achieve Carbon Neutral certification and move towards Net Zero by 2050 and register and participate in the voluntary carbon credit market.

In parallel with the greenhouse gas inventory, Phuc Sinh continues to invest in renewable energy, optimize production processes, and expand cooperation with farmers according to Rainforest Alliance standards. These efforts aim to create a sustainable coffee and pepper supply chain, while supporting the livelihoods of thousands of farmers in raw material areas such as Son La, Dak Lak, and Dak Nong.

Phuc Sinh Group's proactive implementation of inventory and achievement of ISO 14064-1:2018 certification for the entire coffee and pepper factory system shows that the enterprise is one step ahead in the process of implementing national policies on climate change, affirming its leading role in the green transformation of Vietnam's agricultural industry.

Phuc Sinh Group Chairman Phan Minh Thong said that conducting greenhouse gas inventories is a responsibility and also an opportunity for Phuc Sinh to contribute to the Net Zero target of Vietnam and the international community." - Photo: VGP/Minh Thi

More than two decades for green agriculture and sustainable development

Established in 2001, Phuc Sinh Group is currently the leading corporation in Vietnam in the field of production and export of agricultural products, spices, coffee and pepper. The enterprise owns 6 modern factories, a raw material area of ​​over 20,000 hectares and an export system to more than 120 countries and territories with a revenue of 350 million USD.

Not only a reputable exporter, Phuc Sinh is also a pioneering Vietnamese enterprise in building a sustainable agricultural value chain, applying modern processing technology, enhancing the value of Vietnamese agricultural products and affirming its position on the global trade map.

In the domestic market, the K COFFEE brand - under Phuc Sinh Group - is developed with the orientation of "Strong health - lasting happiness", providing pure, healthy coffee products and contributing to spreading a sustainable lifestyle to Vietnamese consumers.

With a long-term vision, Phuc Sinh identifies sustainable development as not only a responsibility but also a global competitiveness. Each step of the enterprise is a solid preparation for the "green" future of Vietnam's agricultural industry.

ISO 14064-1:2018-Emissions transparency platform.

ISO 14064-1:2018 is an international standard issued by the International Organization for Standardization (ISO), providing models, methods and guidance for quantifying, monitoring and reporting greenhouse gas emissions at the organizational level.

The standard is built on four principles: Relevance; Completeness; Accuracy; Consistency.

Minh Thi

Source: https://baochinhphu.vn/phuc-sinh-tap-doan-dau-tien-thuc-hien-kiem-ke-khi-nha-kinh-cho-toa-bo-he-thong-nha-may-tai-viet-nam-102251016134023524.htm