Vinamilk

Vinamilk, a leading dairy products company headquartered in Vietnam, has established ambitious climate commitments, including a long-term goal to achieve net-zero emissions by 2050.

Emissions Performance:

For the reporting year 2024, Vinamilk reported Scope 1 emissions of approximately 984,000 kg CO2e and Scope 2 emissions of approximately 13,141 kg CO2e. In the preceding year, 2023, the company's Scope 1 emissions were approximately 14,504,059,600 kg CO2e and Scope 2 emissions were around 13,268,941,800 kg CO2e. For 2022, Vinamilk's Scope 1 emissions stood at approximately 13,091,316,000 kg CO2e, with Scope 2 emissions at approximately 13,524,827,200 kg CO2e.

Climate Commitments and Reduction Targets:

Vinamilk is committed to a significant reduction in its environmental impact. The company has set a near-term target to reduce its greenhouse gas (GHG) emissions by 15% across Scope 1 and 2 by 2027, from a 2022 baseline. This aligns with a broader commitment to achieve net-zero emissions by 2050.

Further details from their Science Based Targets initiative (SBTi) commitments, validated by S&P Global, outline a comprehensive approach:

• Near-Term (by 2035):

  • A 63.0% reduction in absolute Scope 1 and 2 GHG emissions from a 2022 base year.
  • A 37.5% reduction in absolute Scope 3 GHG emissions, specifically from purchased goods and services and fuel- and energy-related activities, from a 2022 base year.
  • A 45.5% reduction in absolute Scope 1 FLAG (Forest, Land, and Agriculture) GHG emissions from a 2022 base year.
  • A 45.5% reduction in absolute Scope 3 FLAG GHG emissions from a 2022 base year.
  • Commitment to no deforestation across primary deforestation-linked commodities by May 4, 2028.

• Long-Term (by 2050):

  • A 90.0% reduction in absolute Scope 1 GHG emissions from a 2022 base year.
  • A 90.0% reduction in absolute Scope 1 and 2 GHG emissions from a 2022 base year.
  • A 90.0% reduction in absolute Scope 3 GHG emissions from a 2022 base year.
  • A 72.0% reduction in absolute Scope 1 FLAG GHG emissions from a 2022 base year.
  • A 72.0% reduction in absolute Scope 3 FLAG GHG emissions from a 2022 base year.

These targets are consistent with keeping global warming to 1.5°C. Vinamilk's emission reduction targets are not cascaded from a parent organisation; they are set directly by Vietnam Dairy Products Joint Stock Company.