Vingroup Joint Stock Company Sustainability Profile
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 36 is higher than 56% 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 2024, Vingroup Joint Stock Company reported total carbon emissions of approximately 218,876,000 kg CO2e for Scope 1 and 568,739,000 kg CO2e for Scope 2, resulting in a combined total of about 787,615,000 kg CO2e. This marks a significant reduction from 2022, when the company recorded total emissions of approximately 1,598,003,000 kg CO2e (837,270,000 kg CO2e for Scope 1 and 760,733,000 kg CO2e for Scope 2). Vingroup has set ambitious climate commitments, aiming for "zero greenhouse gas emissions" by 2050, as part of its long-term strategy. This commitment is aligned with their goal to develop innovative solutions that minimise environmental impacts while driving economic value. The company is actively pursuing this Net Zero target, viewing it as an opportunity for sustainable development and participation in the global transition to green business practices. The emissions data is not cascaded from any parent organisation, and Vingroup has not disclosed any Scope 3 emissions. Their ongoing efforts reflect a proactive approach to climate action, with a focus on reducing their overall carbon footprint in the coming years.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 938,570,000 | 000,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 502,691,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Vingroup Joint Stock Company's Industry?
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Vingroup Joint Stock Company'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.
Vingroup Joint Stock Company 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.
