Hoa Phat Group Sustainability Profile
Hoa Phat Group, officially known as Hoa Phat Steel, is a leading industrial conglomerate headquartered in Vietnam. Established in 1992, the company has significantly expanded its operations across major regions, including the northern and southern parts of the country. Specialising in the steel industry, Hoa Phat Group is renowned for its production of high-quality steel products, including construction steel, steel pipes, and steel sheets. With a commitment to innovation and sustainability, Hoa Phat Group has achieved notable milestones, such as becoming one of the largest steel manufacturers in Vietnam. The company’s unique approach to production, which emphasises advanced technology and eco-friendly practices, sets it apart in a competitive market. Recognised for its market leadership, Hoa Phat Group continues to play a pivotal role in Vietnam's economic development and infrastructure growth.
DitchCarbon Score
How does Hoa Phat Group'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 Motor Vehicle Manufacturing 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
Hoa Phat Group's score of 12 is lower than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hoa Phat Group's reported carbon emissions
In 2018, Hoa Phat Group, headquartered in Vietnam, reported CO2 emissions of approximately 360 kg CO2e per tonne of steel produced. This figure reflects the company's operational impact within the steel industry, although specific total emissions data for Scope 1, 2, and 3 are not disclosed. The emissions per employee were recorded at about 430 kg CO2e, indicating the carbon footprint associated with its workforce. Comparatively, in 2017, the emissions per tonne of steel increased to approximately 380 kg CO2e, while emissions per employee were about 500 kg CO2e. In 2016, the emissions per tonne of steel were reported at around 400 kg CO2e, showcasing a slight upward trend in emissions intensity over these years. Despite the absence of specific reduction targets or commitments, Hoa Phat Group's emissions data is sourced directly from the company, with no cascading from a parent organisation. The company has not publicly committed to any science-based targets or climate pledges, indicating a potential area for future development in their sustainability strategy.
How Carbon Intensive is Hoa Phat Group's Industry?
How Carbon Intensive is Hoa Phat Group's Location?
Hoa Phat Group's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hoa Phat Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
