VPBank Sustainability Profile
VPBank, officially known as Vietnam Prosperity Joint Stock Commercial Bank, is a prominent financial institution headquartered in Hanoi, Vietnam. Established in 1993, VPBank has grown to become a key player in the Vietnamese banking sector, offering a wide range of services including retail banking, corporate banking, and investment banking. With a strong presence across major cities in Vietnam, VPBank is recognised for its innovative financial products and customer-centric approach. The bank's core offerings include personal loans, credit cards, and savings accounts, distinguished by competitive interest rates and tailored solutions. VPBank has achieved significant milestones, including numerous awards for service excellence and digital banking initiatives, solidifying its position as a trusted partner in the financial landscape of Vietnam.
DitchCarbon Score
How does VPBank'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
VPBank's score of 20 is lower than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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VPBank's reported carbon emissions
In 2022, VPBank, headquartered in Vietnam, reported total Scope 1 and 2 emissions of approximately 21,428 kg CO2e. This figure reflects the bank's commitment to monitoring and managing its carbon footprint. The previous year, 2021, saw emissions of about 22,119 kg CO2e, indicating a slight reduction in emissions. VPBank has set an ambitious target to achieve net zero emissions by 2027, focusing on Scope 1 emissions. This commitment demonstrates the bank's proactive approach to climate action and aligns with global sustainability trends. The bank's climate initiatives are part of a broader strategy to enhance environmental responsibility and reduce its overall impact on climate change. While specific Scope 3 emissions data has not been disclosed, VPBank's ongoing efforts in emissions reduction and commitment to net zero reflect a growing awareness of the importance of sustainability in the financial sector. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported.
How Carbon Intensive is VPBank's Industry?
How Carbon Intensive is VPBank's Location?
VPBank'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.
VPBank 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.
