SCG presents circular economy model at Vietnam Corporate Sustainability Forum

SCG introduced the key to its succes, the circular economy model, to Vietnamese businesses

More than 350 representatives from the government, the private sector, and leading civil society organisations gathered at VCSF to discuss innovative business solutions that are not only commercially viable but also effectively address environmental and social issues.

The presentation featured the model’s benefits in production efficiency, fostering wealth management, and employment opportunities, which will ultimately enable organisations to create value.

Montri Mahaplerkpong, vice president of SCG Vietnam, shared in the panel discussions of VCFS 2017 that to realise the goal of becoming a sustainable business leader in the ASEAN, SCG has made huge efforts to implement the circular economy concept throughout its supply chain, from raw materials through manufacturing to end consumers.

In procurement, SCG ensures suppliers have achieved a Green Level according to ISO 14000, and raw materials must acquire environmental certifications.

In manufacturing, SCG has successfully implemented a waste management system that is able to produce reusable water. Notably, SCG’s paper mills have managed to reduce water usage from 15 to 6.5 cubic metres per tonne, after which the water will be treated for rice farm irrigation. SCG’s products are also marketed in a manner that raises consumers’ awareness about sustainability and eco-value that impact people’s lives.

“In the near future, VCCI aims to assist Vietnamese businesses to implement the circular economy model for a non-waste generation production, creating more job opportunities, improving competitiveness in the private sector, and ultimately grabbing the $4.5 billion value brought by the circular economy”, said Vu Tien Loc, chairman of VCCI cum chairman of the Vietnam Business Committee for Sustainable Development.

SCG has been striving to drive the growth of sustainable businesses by managing natural resources to ensure effective utilisation to create value. In order to obtain this goal, SCG follows the circular economy concept by increasing production efficiency to maximise the potential of raw materials, utilise substitute and renewable ones, manage waste by recycling to give it maximum value.

Notably, SCG Packaging has enhanced all paper production technologies to enable the use of paper scraps as the main material substituting natural pulp, yielding high-quality paper.

Additionally, SCG Packaging’s sludge has been utilised to be reused as materials for Eucalyptus plantations, which is a raw material for paper production. This mean the company’s waste has been utilised to the highest degree to create value for its business.

Montri Mahaplerkpong, deputy country director of SCG Vietnam (right)

“At present, SCG is focusing on research and development (R&D) to prepare for the future. The company has built an Innovation Centre and channels 1 per cent of its sales revenue every year into R&D activities. Adding to the existing 3R (reuse-reduce-recycle) initiative, the centre aims to re-design the company’s production process to achieve the “from cradle to cradle” model. This once again re-affirms our commitment to better people’s lives,” added Mahaplerkpong.

As a result of its commitment and performance, SCG was recognised by Dow Jones Sustainability Indexes (DJSI), Robeco Sustainable Asset Management (RobecoSAM), and has been ranked for 13 consecutive years since 2004.

SCG, one of the leading conglomerates in the ASEAN, comprises of three core businesses: SCG Cement-Building Materials, SCG Chemicals, and SCG Packaging. With more than 200 companies under its umbrella and approximately 57,000 employees, SCG creates and distributes innovative products and services that respond to the current and future needs of consumers.

In Vietnam since 1992, SCG has committed to contribute to Vietnamese people’s living through several aspects ranging from high-quality products and services to corporate social responsibility activities.

To date, with a total of 21 companies across Vietnam driven by approximately 8,300 employees, SCG offers a variety of premium products and services.

RELATED CONTENTS:
	SCG Concrete Roof Vietnam awarded three latest management certifications
	In its 25th year of local investment, SCG goes in big
	SCG reaffirms determination to develop $5.4 billion Long Son petrochemical complex
	SCG announces operating results for second quarter and first half
	SCG gunning for increased market share after takeover
	PM asks Thailand’s SCG group to expand investment in Vietnam
	Long Son petrochemical complex settles last issues before implementation
	Siam Cement Group acquires construction material company in central Vietnam