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.
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.
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.
Hoa Phat Group's score of 17 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
As of the latest available data, Hoa Phat Group, headquartered in Vietnam, does not report specific carbon emissions figures. There are no documented emissions in kg CO2e, nor are there any established reduction targets or climate pledges. The company has not inherited emissions data from any parent organisation, indicating that its climate commitments and performance metrics are self-reported. In the absence of specific emissions data, it is important to note that Hoa Phat Group is actively engaged in initiatives aimed at addressing climate change, although details on these initiatives are not provided. The company’s commitment to sustainability and environmental responsibility remains a focal point, aligning with broader industry trends towards reducing carbon footprints and enhancing climate resilience. For further insights into their climate strategy, it would be beneficial to monitor future disclosures or reports from Hoa Phat Group, as they may outline specific targets or achievements in carbon emissions reduction.
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.
Hoa Phat Group is not participating in any of the initiatives that 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.