Overview on the sustainable development report

OVERVIEW ON THE

SUSTAINABLE DEVELOPMENT REPORT

During its development process, PVCFC has always aimed for sustainable development as a strategic goal while pursuing economic growth on the principle of environmental stakeholders, a harmonious balance of interests, and towards the prosperity of the community and society. Therefore, the sustainable development report is built as a bridge between PVCFC and stakeholders, helping to clarify the company’s strategic direction and commitments with stakeholders, clearly defining our strategic orientations and commitments to implementation of social - environmental criteria, contributing to promotion of business trend toward green growth and sustainable development in Vietnam and around the world.

By implementing the sustainable development report, beside the economic aspect, PVCFC also identifies and evaluates its social and environmental responsibilities and contributions, supporting PVCFC to maintain a balance of upcoming operational plans toward sustainable development goals and society in the next financial years.

In 2023, PVCFC made the sustainable development report on the basis of reference to GRI 2021 Universal Standards. Additionally, we also refer to guidance, recommendations and policy consultancy related to sustainable fertilizer use and management of Food and Agriculture Organization (FAO); complying with standards and practice guidelines in the fertilizer industry of International Fertilizer Association (IFA) to ensure safe, effective and sustainable fertilizer production, distribution and use, contributing to green and sustainable agricultural development goals in Vietnam. In addition, we also refer to operations of PVCFC with sustainable development goals (SDG) of the United Nations related to the fertilizer industry including: Goal 2, 12, 13 and 15. Then, PVCFC adjusts its operational plan in accordance with SDGs to deal with global challenges and promote sustainable development in the fertilizer industry and more.

REPORT CONTENT

Sustainable Development Report 2023 of PVCFC included information related to commitment/policies, governance measures, operating solutions and performance of PVCFC on material issues. 2023 is the 9th year PVCFC integrates the Sustainable Development Report shown in 01 chapter of the Annual Report.

There is no restatement information made from the 2022 report in the 2023 Sustainable Development Report. Accordingly, all information in this document is guaranteed to be consistently published with previous information of PVCFC.

SCOPE OF REPORT

The report was made in Vietnam focusing on fertilizer trading and production activities. PVCFC’s report included: all information and operating results of Parent Company and 01 Subsidiary - Petroleum Packaging Joint Stock Company (PPC).

REPORTING PERIOD

Information and data included in the report was updated in the 2023 fiscal year of PVCFC, starting from 01 January 2023 and ending on 31 December 2023.

CONTACT INFORMATION

We are looking forward to receiving your sincere comments to make our report more transparent, complete and accurate. Should you have any opinion related to sustainable development issues, please send us at:

Mr. Do Thanh Hung - Corporate Secretary

Email: ir@pvcfc.com.vn

HP: 0913897704

EXTERNAL ASSURANCE

PVCFC commits to complying with principles of integrity, accuracy and transparency in all data and information in the report. Therefore, apart from carrying out internal audit, our sustainable development indicators are guaranteed by third-party/independent audit, specifically:

Consolidated financial indicators (assets, revenue, profits, budget contributions) are audited by Deloitte Vietnam Auditing Company Limited.
Energy audit of Ca Mau Fertilizer Plant in 2021 was conducted by Vietnam Technology Solutions JSC, being evaluated and approved by Ca Mau Department of Industry and Trade. In 2024, PVCFC is assessing and making energy audit report by Bach Khoa Energy Saving Joint Stock Company and a team of survey experts, expected to be completed by June 2024.
Energy consumption at Ca Mau Fertilizer Plant was certified by the Ammonia Production Technology Copyright House from Haldor Topsoe - Denmark.
Waste management indicators:
- Domestic waste statistics are authenticated by Ca Mau Urban Environment JSC.
- Industrial solid waste statistics are authenticated by Cao Gia Quy Environment Co., Ltd.
- Hazardous waste statistics are authenticated by Moc An Chau Warehousing and Commercial Forwarding JSC.
Automatic monitoring data system is continuously collected with a frequency of 5 minutes/data and directly transmitted to the Department of Natural Resources and Environment of Ca Mau province. In 2023, 99.86% of wastewater monitoring station data, waste cooling water station, exhaust gas monitoring station at granulation chimneys and 96.975% of emissions monitoring station data at Ammonia chimneys and monitoring stations Emissions at the NPK chimneys are transmitted to the Department of Natural Resources and Environment of Ca Mau province (except for days of machine downtime due to maintenance and internet failure), the results recorded no parameter exceeding the allowable limit.