Vietcombank Sustainability Profile
Vietcombank, officially known as Joint Stock Commercial Bank for Foreign Trade of Vietnam, is a leading financial institution headquartered in Hanoi, Vietnam. Established in 1963, it has grown to become a pivotal player in the banking sector, primarily serving the domestic and international markets. Vietcombank operates across various regions in Vietnam and offers a comprehensive range of services, including retail banking, corporate banking, and investment banking. Its unique approach to customer service and innovative financial products has positioned it as a market leader. With a strong emphasis on digital transformation, Vietcombank has achieved significant milestones, including being recognised as one of the top banks in Vietnam by various financial publications. Its commitment to excellence and customer satisfaction continues to drive its success in the competitive banking landscape.
DitchCarbon Score
How does Vietcombank'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 Financial Intermediation 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
Vietcombank's score of 16 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vietcombank's reported carbon emissions
In 2024, Vietcombank reported total carbon emissions of approximately 70,185,000 kg CO2e. This figure includes about 41,335,000 kg CO2e from Scope 2 emissions, primarily from purchased electricity, and around 15,501,000 kg CO2e from Scope 3 emissions related to business travel. In comparison, the previous year, 2023, the bank's total emissions were about 69,839,000 kg CO2e, with Scope 2 emissions at approximately 38,756,000 kg CO2e and Scope 3 emissions at about 18,937,000 kg CO2e. Vietcombank has not set specific reduction targets or initiatives as part of its climate commitments, and there are no emissions data cascaded from a parent organization. The bank's emissions data is independently reported, with no current involvement in initiatives such as the Science Based Targets initiative (SBTi) or other climate pledges. Overall, Vietcombank's emissions reflect its operational impact, with a focus on managing indirect emissions from electricity consumption and business travel.
How Carbon Intensive is Vietcombank's Industry?
How Carbon Intensive is Vietcombank's Location?
Vietcombank'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.
Vietcombank 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.
