Vinamilk receives BSI nod for carbon-neutrality efforts

June 02, 2023 | 17:48

(0) user say

Vinamilk has just received validation from a British standards' authority for its pioneering efforts in the Vietnamese dairy industry to establish carbon-neutral factories and farms. The ongoing initiative is part of the company's Net Zero by 2050 goal.

Vinamilk receives BSI nod for carbon-neutrality efforts

Vietnam Dairy Products JSC (Vinamilk) has been validated as the first dairy company in Vietnam to have carbon-neutral factories and farms, according to the British Standard's Institution (BSI) PAS 2060 specifications that demonstrate carbon neutrality. Reducing emissions and greenhouse gas (GHG) emissions and transitioning to a net-zero standard in the dairy industry has proved to be an extremely difficult task, particularly for large-scale dairy farms.

Nguyen Dinh Minh Tam, a representative of the BSI, said, "With its target of net zero by 2050, we expect Vinamilk to establish more facets of their business as carbon-neutral in the near future."

Vinamilk's general director Mai Kieu Lien said, "Managing emissions and minimising our carbon footprint are among the company's core sustainable development initiatives. Presently, 13 Vinamilk farms and 10 of its factories have been completely outfitted with solar energy while promoting renewable energy sources such as biomass at the factories and biogas on the farms."

According to Vinamilk's report, GHG emissions have been neutralised to the tune of 17,560 tonnes of CO₂, equivalent to planting approximately 1.7 million trees. This is the result of Vinamilk's endeavours over many years to reduce emissions in production and animal husbandry while sustaining a forestry fund to absorb GHGs.

Shares tumble for a third day, Vinamilk tops market gains

Shares tumbled for a third day on Tuesday but the decrease narrowed on rising buying power, focusing on food & drink and banking industries.

Vinamilk and Kido joint venture disbanded

Vibev, an ice cream and non-alcoholic beverage company owned by Vinamilk (51 per cent) and Kido (49 per cent), has announced its dissolution after more than two years.

Vinamilk and Sojitz kick off Vinabeef Tam Dao

The Vinabeef Tam Dao breeding and processing complex is the first project in the investment and collaboration plan between Vietnamese and Japanese high-tech agriculture corporations Vinamilk, Vilico, and Sojitz.

By Angela Nguyen

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional