NS Bluescope Vietnam announces its Responsible Sourcing Strategy for the 2022-2030

The forum focused on sustainability for suppliers in the company's supply chain, updating more standards on addressing climate change

The forum was attended by industry experts and a large number of suppliers within NS BlueScope Vietnam’s supply chain.

Vietnam is seeing fast economic growth yet suffers significant impacts from climate change. Domestic enterprises, as well as foreign-invested ones, are paying more attention to reducing greenhouse gas emissions and building a sustainable supply chain, working together towards the goal of carbon neutrality by 2050.

As a galvanised steel company with a great passion for social responsibility in Vietnam, in 2019, NS BlueScope Vietnam launched the Supply Chain Sustainability Forum to introduce corporate standards for sustainable development and operating principles, as well as a vision for the company's supply chain.

Following the success of the forum, the Responsible Sourcing Strategy for the 2022-2030 period focuses on sustainability standards for the company’s suppliers with updated standards on climate change.

“Over the next eight years, we are on track to reduce our carbon emissions by 30 per cent and move towards carbon neutrality by 2050 – in line with the government’s target. We hope to spread this goal across our entire supply chain to create a business community that is carbon neutral by 2050,” said Bui Phuong Mai, vice president of Supply Chain of NS BlueScope Vietnam at the forum.

According to Nguyen Dinh Minh Tam, director of Operation, Compliance, and Risk at BSI Vietnam, greenhouse gas emissions mostly derive from the use of raw materials, including those for production and transportation. Therefore, this will also be the focus to cut down greenhouse gas emissions.

“We need to focus on how to use energy or materials efficiently first and then take into account the role of reducing emissions, improving processes, and increasing operational efficiency,” she said.

In early January, the government enacted Decree No.06/2022/ND-CP providing regulations on the reduction of greenhouse gas emissions and protection of the ozone layer, which requires the implementation of a greenhouse gas inventory for facilities that emit 3,000 tonnes of CO₂ or more.

Therefore, achieving the net-zero target not only helps businesses meet government regulations but also serves future operations when businesses enter developed markets such as the US, Japan, and the EU, because net-zero is now a prevailing global trend.

NS BlueScope Vietnam honoured partners in its supply chain who made great efforts to combat climate change

At the forum, NS BlueScope Vietnam presented awards to supply chain partners with great efforts to combat climate change.

Hoa Lam Transport Service Trading Co., Ltd. was honoured for its efforts in green transportation, transforming means of transport from EURO2 to EURO4 technology.

Posco Vietnam was also honoured for positive improvements in its production operations, cutting 70 per cent of fuel consumption for its boiler systems.

In addition, Western Refrigeration was also recognised for its achievements in inspiring the community to address climate change. The company is known for its green material solutions that make green buildings more efficient. For example, the QuadCore insulation core solution for cold storage facilities helps to decrease a building’s electricity consumption by 15-20 per cent.

The forum marked the start of a series of events to educate NS BlueScope Vietnam’s suppliers on the awareness of reducing carbon emissions. The company is expected to organise workshops, seminars, field visits, and more to train and build a supply chain that is responsible for the environment and for society as a whole.