PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC, HOSE: DCM) has announced a comprehensive strategic orientation for sustainable development. This strategy not only bolsters the Company’s competitive advantages but also fosters a sustainable, green, and prosperous future for all stakeholders.
PVCFC’s strategic orientation for sustainable development is built to balance interests of stakeholders
PVCFC’s Board of Directors has crafted a strategic orientation for sustainable development that aligns seamlessly with the Company’s overarching strategies, growth goals, and competitive advantages. Constructed with a rigorous commitment to legal compliance, this orientation is executed with precision, embracing industry best practices, such as the high standards established by the International Fertilizer Association (IFA), the United Nations’ Sustainable Development Goals (SDGs), and taking cues from the premier global fertilizer corporations.
The strategic orientation for sustainable development at PVCFC is a well-structured framework that integrates initiative groups guided by the essential pillars of Environment, Society, and Governance (ESG), and is in sync with the Company’s operations strategy.
Concerning environmental performance, PVCFC aims for both immediate and future-focused research and application, including: implementing cutting-edge technologies to reduce emissions and mitigate environmental impacts; optimizing energy consumption and pursuing alternative, renewable energy options; proposing initiatives aimed at reducing greenhouse gas emissions and developing products designed to assist farmers in adapting to climate change.
Concerning social performance, PVCFC is committed to creating a safe and skill-enriching work environment; uplifting rural livelihoods and economies with targeted training and support programs; ensuring the quality and safety of fertilizer products; facilitating farmers’ access to financial resources and pioneering a green financing framework to ensure environmental and social efficiency of projects; supporting communities through impactful social security projects in operational areas; fostering a workplace culture that values diversity and fairness.
Based on the pillars of ESG
In particular, PVCFC is dedicated to upholding the best practices of corporate governance, including but not limited to the established practices of Vietnam and ASEAN. Some important govenance aspects of ESG include: business ethics, sustainable supply chain, regulatory compliance, Board of Directors’ performance and risk management.
And just as importantly, PVCFC places significant emphasis on the perspectives and aspirations of its stakeholders, ensuring sustainable operations, fostering a foundation of trust and striving to fulfill the expectations of customers, suppliers, employees, shareholders, government entities, and local communities, etc.
Persistent social responsibility since the first day of establishment
Based on the foregoing strategic orientations, PVCFC has compiled a list of strategic initiatives that resonate with key sustainable development themes. These initiatives are spearheaded by the Company’s Board of Directors and its dedicated employees, adhering to a set of orientation principles encompassing 04 aspects of strategy, operations, finance, and compliance. By such standard, the strategic initiatives and sustainable development activities are meticulously chosen to align with the established principles of strategy, operations, finance, and compliance.
The sustainable development strategy not only strengthens the company’s competitive advantages but also contributes to building a sustainable, green and prosperous future.
PVCFC’s sustainable development strategy not only sharpens its competitive edge but also lays the foundation for a green and prosperous future for all stakeholders. PVCFC takes pride in being an integral part of the sustainable development movement, steadfast in its commitment to ensuring a resilient and thriving agricultural sector.
PVCFC