BASF contributes to a greener and more prosperous future

Erick Contreras, managing director of BASF Vietnam and chairman of the European Chamber of Commerce in Vietnam’s Green Growth Sector Committee

BASF is proudly a co-founding member of the Alliance to End Plastic Waste (AEPW). Our joint mission is to address this issue, as it is one of the most pressing challenges we face today.

Our flagship project, Clean City Green Vietnam in Hanoi and Ho Chi Minh City, is operated with the clear objective of developing scalable solutions for reducing unmanaged waste and unlocking the value hidden within waste materials.

We aim to mobilise capital and achieve quick wins in the short term through early impact projects, replicating proven solutions.

I believe that supporting AEPW and this core initiative can empower Ho Chi Minh City in its battle against plastic waste, and we look forward to even stronger support from the city.

BASF is also a member of Together for Sustainability (TfS), a dynamic, member-driven initiative that is committed to elevating corporate social responsibility standards across the chemical industry, enabling it to become more sustainable.

For example, we share the responsibility to reduce greenhouse gas emissions, particularly Scope 3 (upstream), in the chemical industry.

Last September, we launched the product carbon footprint guideline for calculating carbon footprints associated with chemical materials – helping industry players to identify, track, and mitigate their CO₂ emissions. This is especially important for Vietnamese companies exporting into EU markets that have stringent standards on sustainability.

Siemens' SiGREEN technology is an exciting pilot initiative that aims to facilitate safe data-sharing of upstream product carbon footprint information among TfS members and suppliers.

Upon completion in early 2024, it will simplify cross-industry comparisons and provide a comprehensive emissions management framework across all scopes.

We would like to ask that the different levels of government establish a more concrete policy framework for green growth, especially for startups venturing into sustainability and companies providing sustainable solutions that meet EU standards.

Partnering with foreign associations like the Green Growth Sector Committee plays an instrumental role in driving sustainability and circularity through exchanging expertise, regulations, and best practices.

We propose the establishment of regular exchanges and dialogues among government bodies, foreign associations, and local business forums. This collaborative effort could harness the wealth of experience available and expedite our collective journey towards sustainability.

The path to green growth is one that requires commitment, collaboration, and innovation. By supporting sustainability initiatives, advocating for policies that promote sustainability within industries, and fostering international dialogue, we can chart a course towards a greener, more prosperous future for Ho Chi Minh City and Vietnam as a whole.

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