Vietnamese dairy company Vinamilk has revealed its “Pathways to Dairy Net Zero 2050”, which seeks to reduce its environmental impact while bolstering sustainability efforts throughout the company’s entire value chain.
The company is the first local dairy producer to publicly announce its pledge to carbon neutrality and net zero following the Vietnamese Government’s commitment to achieving net-zero emissions by 2050, made by the country’s Prime Minister at the COP26 in 2021.
Besides declaring its Net Zero goal, Vinamilk also announced it is the first dairy company in Vietnam to obtain a carbon-neutrality certification from Bureau Veritas and BSI for its dairy factory and farm, located in Nghe An province, following the PAS 2060:2014 standards.
According to the published and verified report, the total greenhouse gas emissions of these two units that have been neutralized is 17,560 tons of CO2, equivalent to approximately 1.7 million trees.
This is the result of a “dual action” approach involving efforts to reduce emissions in Vinamilk’s production and livestock activities, while also maintaining the company’s trees source to absorb greenhouse gases over the years.
The leading dairy brand identified its sustainability focus in four fundamental pillars: sustainable agriculture, green production, environmentally friendly logistics, and sustainable consumption.
Additionally, the company said it would strive to reduce its greenhouse gas emissions by 15% by 2027, and 55% by 2035, and reach net zero emissions by 2050.
Achieving greenhouse gas emission reductions and moving towards net zero in the dairy industry poses significant challenges, especially for large-scale dairy farms. It requires comprehensive investments in technology, transitioning to renewable energy, and applying circular economy practices.
Vinamilk has made substantial contributions towards enhancing the sustainability of Vietnam’s dairy industry. Since 2012, Vinamilk has published its sustainability report which aligned with the GRI Standards and the United Nations’ Sustainable Development Goals (SDGs) and recently included sustainable development as one of its strategic development goals from 2022 to 2026.
It has utilised solar energy in 13 farms and 11 factories, pioneered the Green Farm model and successfully achieved the “1 Million Trees for Vietnam Fund” goal.
As a supporter of the “Pathways to Dairy Net Zero” initiative and aligning with its ESG strategy, Vinamilk intends to launch more elaborate activities to achieve its sustainability goals such as boosting afforestation initiatives and strengthening international collaboration.
Mai Kieu Lien, CEO of Vinamilk said: “Vinamilk recognizes that achieving “reducing, neutralising, and eliminating greenhouse gas emissions to 0” is not merely an option but an inevitable journey. We must race against time and seize opportunities, unwavering in our pursuit of the Net Zero target by 2050.”