Organized by leading regional NGO Enterprise Asia, the Asia Responsible Enterprise Awards (AREA) 2024 is dedicated to recognizing companies that have championed sustainable and responsible business practices. At the awards ceremony, renowned Vietnamese dairy product manufacturer, Vietnam Dairy Products Joint Stock Company (Vinamilk), received the Green Leadership Award with its “Vinamilk Pathways to Dairy Net Zero 2050” project.
Vinamilk developed the “Vinamilk Pathways to Dairy Net Zero 2050” as its action program toward Net Zero, showcasing its pioneering work towards implementing the Vietnamese Government’s commitment to achieving Net Zero emissions by 2050. The program aims to cut greenhouse gas emissions by 15% by 2027, 55% by 2035, and reach Net Zero by 2050.
Vinamilk has set forth 8 strategies that form the “Vinamilk Pathways to Dairy Net Zero 2050” program. These strategies cover the usage of sustainable raw materials; utilizing green, clean, and renewable energy sources; low-emission packaging; low-carbon product development; environmentally friendly logistics; Carbon Sequestration: greenhouse gas elimination; ensuring its commitment to stakeholders; and striving for a sustainable consumption and circular economy.
As a part of its achievements, the company has had 86.2% of its energy usage converted to green energy, replacing fossil energy in production. This action of converting its energy source has saved more than 877,125 kWh of electricity in 2023. Alongside this, Vinamilk has managed to reduce more than 6% tons of CO2 equivalent/ton of product (scope 1 and scope 2) and planted more than 1.2 million trees in Vietnam from 2012 to 2023.
Vinamilk has taken great strides in raising the expected conventional standard of sustainability for business operations. Its dedication to becoming a top enterprise has positioned itself as a role model for other corporations, demonstrating how to operate with a focus on long-term sustainability.
About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information.
About Asia Responsible Enterprise Awards (AREA)
The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit https://enterpriseasia.org/area/.
