Hoa Phat completes Greenhouse Gas Inventory for the entire group

On January 11, 2025, BSI, the UK’s leading international certification body, awarded Hoa Phat Group and its member companies the certificate of inspection, verification, and declaration of greenhouse gases in accordance with ISO 14064-1:2018. 

BSI Vietnam representative presents the ISO 14064-1:2018 certificate to Hoa Phat Group’s General Director Nguyen Viet Thang (left)

The ceremony was attended by members of the Group’s Board of Directors, leaders of the Corporations and Member Companies, the Legal Department, Finance - Group Office, and representatives from BSI Vietnam.

Mr. Le Duyen Anh, General Director of BSI Vietnam, congratulated Hoa Phat Group on completing its group-wide greenhouse gas emissions inventory, covering 18 units across five corporations. He noted that this achievement is a significant milestone in meeting international standards. "I’m particularly impressed by the determination of Hoa Phat’s Board of Directors and its member companies in pioneering the implementation of this project and achieving positive results with the greenhouse gas inventory under the international ISO 14064-1:2018 standard," said the BSI representative.

Mr. Le Duyen Anh, General Director of BSI Vietnam, congratulates Hoa Phat Group on completing its greenhouse gas emissions inventory.

Hoa Phat Group’s General Director, Nguyen Viet Thang, said: “Hoa Phat is a leading industrial manufacturer in Vietnam. Completing the greenhouse gas inventory is a crucial step in our sustainable development strategy. Our policy is to proactively adopt the latest standards in quality, technology, and operations across all production and business activities. Moving forward, Hoa Phat will continue to optimize production processes to control greenhouse gas emissions and meet the requirements of the next phase of our development.” 

Mr. Nguyen Viet Thang also emphasized that this is an important first step for the Group, laying the foundation for future plans aimed at controlling and reducing greenhouse gas emissions.

ISO 14064-1:2018 is an environmental standard aligned with global climate change initiatives and the Sustainable Development Goals (SDGs). It provides a robust framework for quantifying, calculating, and reporting greenhouse gas emissions and removals by businesses or organizations. For manufacturing companies, particularly in the steel, corrugated iron, and pipe industries, it is essential for compliance with international market requirements, including those in the EU.

As the largest steel producer in Southeast Asia, Hoa Phat has implemented modern, closed-loop production technologies from G7 countries to optimize manufacturing processes, save energy, and reduce greenhouse gas emissions at all its steel production complexes. The Group has allocated up to 30 per cent of its investment capital for environmental initiatives. Hoa Phat continues to apply the latest solutions and technologies to optimize production, conserve energy, and generate electricity for its operations, with annual electricity generation reaching billions of kWh.

BSI representative presents a summary of Hoa Phat Group’s greenhouse gas emissions inventory and discusses it with representatives from member companies.

 Group leaders, member companies, and BSI representatives pose for a photo to celebrate the success of the ceremony.

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