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 30 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vingroup Joint Stock Company's reported carbon emissions
In 2023, Vingroup Joint Stock Company reported total carbon emissions of approximately 919,231,000 kg CO2e. This figure includes about 67,112,000 kg CO2e from Scope 1 emissions and approximately 852,120,000 kg CO2e from Scope 2 emissions. The company has shown a significant increase in emissions compared to 2022, when total emissions were about 262,352,000 kg CO2e, with Scope 1 emissions at approximately 83,727,000 kg CO2e and Scope 2 emissions at around 760,733,000 kg CO2e. Vingroup is committed to achieving net-zero greenhouse gas emissions by 2050, aligning with governmental goals. This long-term commitment encompasses all scopes of emissions and reflects the company's proactive approach to sustainable development. Vingroup is also focused on developing innovative solutions that minimise environmental impacts while driving economic value, viewing the transition to net-zero as an opportunity rather than merely a challenge. The company has not disclosed any Scope 3 emissions data, and there are currently no specific reduction targets set under the Science Based Targets initiative (SBTi). However, Vingroup's ongoing initiatives and commitments indicate a strong dedication to addressing climate change and reducing its carbon footprint in the coming years.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 36,080,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 159,722,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - |
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 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.
