AgriS partners with IFC to accelerate net-zero efforts

This event marks a major milestone in AgriS’s journey to optimise its environmental and social management system (ESMS) in line with international practices and realise its net-zero emissions goal by 2035.

Under the collaboration, and with support from the Swiss State Secretariat for Economic Affairs (SECO) and the governments of Australia and Korea, IFC will partner with AgriS, one of the region’s leading high-tech agribusinesses, to develop a comprehensive action plan to reduce emissions, implement carbon offsets, and enhance environmental, social, and governance (ESG) monitoring across the agricultural value chain.

Key initiatives include technical consulting on greenhouse gas (GHG) emissions management in accordance with ISO14064-1, ISO14067, and ISO14068; training for internal teams and partners on emissions inventory and the net-zero roadmap development; and promoting food safety practices, reducing food loss, and integrating gender equality and disability inclusion across the supply chain.

Following the advisory phase, AgriS and IFC will jointly roll out intensive training programmes focusing on three core pillars: food safety, food loss reduction, and GHG emissions reduction.

The two parties will also establish a carbon neutrality strategy and a third-party-verified net-zero mechanism.

In light of the MoU, IFC will support AgriS in comprehensively reviewing its current ESMS and developing an optimised roadmap in line with the IFC’s environmental and social performance standards.

Key efforts include integrating these standards into operations, internal policies, and risk management systems, providing in-depth compliance training for internal teams and strategic suppliers, and linking AgriS’s operational model with global financial ecosystems and international partners.

Dang Huynh Uc My, chairwoman of AgriS (fourth from the left), and Darryl James Dong, head of the IFC's Ho Chi Minh City office (third from the left), at the signing ceremony

This partnership is expected to deliver tangible outcomes, including training 200 internal trainers (ToT); all ESG-related personnel trained to international standards; over 20 per cent of key suppliers integrated into the upgraded ESMS; and at least a 20 per cent reduction in post-harvest losses in key sourcing regions, enhancing value chain efficiency and accelerating progress towards net-zero 2035.

Speaking on AgriS’s sustainability direction and strengthened cooperation with the IFC, Dang Huynh Uc My, chairwoman of AgriS, stated, “This collaboration with the IFC reaffirms AgriS’s long-term commitment to sustainable development. We are building a comprehensive environmental and social governance system that meets stringent global standards, with ESG embedded throughout our operations, from production and supply to full value chain governance. AgriS is firmly committed to developing a transparent, sustainable, and responsible ecosystem.”

Dang Huynh Uc My affirmed the partnership with the IFC lays the foundation for a globally aligned ESG governance system

“Our partnership with AgriS is set to become a benchmark for other Vietnamese agribusinesses looking to strengthen ESG governance, boost competitiveness, secure sustainable finance, and elevate their domestic supply chains to regional and global standards,” said Darryl Dong, head of the IFC's Ho Chi Minh City office.

As Vietnam accelerates breakthroughs in science, technology, innovation, and national digital transformation following the spirit of Resolution 57-NQ/TW of the Politburo and the transition to a circular economy, AgriS is emerging as a pioneer, demonstrating not only internal operational capabilities but also driving positive impacts across the entire agriculture sector.

The implementation of a value-chain-wide ESMS is a strategic move that positions AgriS among the first Vietnamese agribusinesses to apply structured, effective ESG governance, contributing actively to the national agenda for circular agriculture.

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