Vingroup Joint Stock Company
Vingroup Joint Stock Company, commonly referred to as Vingroup, is a leading Vietnamese conglomerate headquartered in Hanoi, Vietnam. Founded in 1993, Vingroup has evolved into a diversified enterprise with significant operations across various sectors, including real estate, retail, healthcare, education, and technology. The company is renowned for its flagship projects, such as the Vinhomes residential developments and Vincom shopping centres, which have transformed urban landscapes in major cities. Vingroup's commitment to innovation is exemplified by its foray into the automotive industry with VinFast, aiming to position itself as a key player in electric vehicles. With a strong market presence and a reputation for quality, Vingroup continues to achieve notable milestones, solidifying its status as a pioneer in Vietnam's economic landscape.
DitchCarbon Score
How does Vingroup Joint Stock Company's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Vingroup Joint Stock Company's score of 28 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Vingroup Joint Stock Company's reported carbon emissions
In 2023, Vingroup Joint Stock Company reported total carbon emissions of approximately 1,442,471,000 kg CO2e, comprising 67,112,000 kg CO2e from Scope 1, 852,120,000 kg CO2e from Scope 2, and 919,231,000 kg CO2e from Scope 3 emissions. This represents a significant increase in emissions compared to 2022, where total emissions were about 1,590,300,000 kg CO2e, with Scope 1 at 837,270,000 kg CO2e, Scope 2 at 760,733,000 kg CO2e, and Scope 3 at 65,467,000 kg CO2e. Vingroup has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The company continues to operate within the global context of increasing corporate responsibility towards climate change, yet lacks defined strategies or pledges to reduce their carbon footprint. Overall, Vingroup's emissions data highlights the challenges faced in managing carbon outputs while navigating growth, particularly in the context of their expanding revenue, which rose from approximately 4.31 billion USD in 2022 to about 6.65 billion USD in 2023.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 5,998,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 47,446,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 73,601,000 | 00,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Vingroup Joint Stock Company is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
