THE SUSTAINABILITY REPORT

The sustainability report
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OVERVIEW OF THE SUSTAINABILITY REPORT

Throughout the development process, PVCFC has consistently positioned sustainable development as a strategic priority, integrating with economic growth objectives while ensuring a balance of interests among stakeholders and environmental sustainability, aimed at the prosperity of the community and society. In addition to the annual disclosures on environmental, social, and governance included in the Annual Report, in 2023, the Sustainability Report has been prepared as a separate document to officially announce the key objectives and strategic directions related to PVCFC’s sustainable development for the fiscal year ending December 31, 2023. Through the implementation of the Sustainability Report, PVCFC not only addresses economic factors but also recognizes and evaluates its responsibilities and contributions to social and environmental aspects. This approach helps PVCFC balance the upcoming operational plans in pursuit of sustainable development goals for both the company and society in the forthcoming financial years.

REPORTING STANDARDS

PVCFC prepares the 2023 Sustainable Development Report with reference to the Global Reporting Initiative (GRI) Universal Standards 2021, referencing the United Nations Sustainable Development Goals (SDGs). This report focuses on relevant aspects of the fertilizer industry, specifically goals 2, 12, 13, and 15, aimed at promoting global sustainable development. Additionally, we refer to the guidelines, recommendations, and policy advice related to the sustainable management and use of fertilizers from the Food and Agriculture Organization (FAO). We also strive to comply with the standards and best practices established by the International Fertilizer Association (IFA) to ensure the safe, effective, and sustainable production, distribution, and use of fertilizers. This commitment contributes positively to achieving sustainable green agricultural development in Vietnam while increasingly meeting the needs of customers.

PRINCIPLES OF REPORT DEVELOPMENT

This Sustainability Report focuses on analyzing key issues and areas that significantly impact PVCFC’s business operations while reflecting the deep concerns of stakeholders. We apply the GRI 2021 Principles of Sustainability Reporting in preparing this report, specifically as follows:

REPORTING PERIOD

This report is prepared for the fiscal year ending December 31, 2023, similar to the company’s consolidated financial statements. Several environmental and social indicators include data from PetroVietnam Packaging Joint Stock Company, a subsidiary of PVCFC. Therefore, the figures in this report may differ from those in the Annual Report.

SCOPE OF THE REPORT

The report is conducted in Vietnam, focusing on the fertilizer production and business sector. Unless specifically stated otherwise for individual sections, this consolidated Sustainability Report is prepared for PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC) and its subsidiary, PetroVietnam Packaging Joint Stock Company (PPC). The data for the parent company will include the Ca Mau Fertilizer Plant, the office in Ca Mau, and the office in Ho Chi Minh City.

The Sustainability Report is prepared with reference to the Company’s internal Sustainability Report regulations with reference to Global Reporting Initiative.

REPORT FORMAT

CONTACT INFORMATION

We welcome your sincere feedback to enhance the transparency and completeness of this report. Please kindly send any comments related to sustainable development to:

Mr. Do Thanh Hung - Corporate Secretary

Email: ir@pvcfc.com.vn
Hotline: 1800 888 606