VinFast, the automotive arm of Vingroup, has announced its participation in The Climate Pledge – a commitment to achieve net zero carbon emissions by 2040, co-founded by Amazon and Global Optimism.
As the first Vietnamese company to sign the pledge, VinFast affirms its determination to contribute to sustainable development, the company said in a statement.
The Climate Pledge is a commitment by companies, businesses and organizations to take collective action in the face of the world’s greatest crisis and to work together to build a safe and healthy planet for future generations. Currently, more than 375 have joined the pledge worldwide.
By joining The Climate Pledge, VinFast and the companies have committed to achieving net zero carbon emissions by 2040, ten years earlier than the Paris Agreement (agreed at the 2015 United Nations Climate Change Conference) .
VinFast will strictly and regularly measure and report greenhouse gas emissions; implement decarbonization strategies in line with the Paris Agreement through real business change and innovation, including efficiency improvements, renewables, material reductions, and other phase-out strategies carbon emissions; neutralize all remaining emissions with additional, quantifiable, real, permanent and socially beneficial offsets to achieve annual net zero carbon emissions by 2040.
“VinFast is proud to become the first Vietnamese member of The Climate Pledge. This pledge will be a platform for positive activities and meaningful change and will demonstrate VinFast’s commitment to the environment,
“It is also an opportunity for us to engage in discussions on important global issues, motivating individuals and communities to continue their efforts for a greener and more sustainable future,” said Le Thi Thu Thuy, vice president of Vingroup and general manager of VinFast. Global.
Climate Pledge Programs and Partnerships Manager, Sarah Dimson-Tarauj, said Vinfast is committed to creating a conscious transport future, and she is delighted to work with them and more than 375 signatories of The Pledge to transform the climate crisis into climate action.
In production, VinFast builds optimal processes to reduce emissions, reuse and save water and energy, according to the release.
Sustainability standards are also VinFast’s requirements and evaluation criteria for partners and suppliers.
VinFast also works with leading research institutes and universities on new solutions to achieve zero carbon emissions. In addition, the battery subscription policy also helps VinFast collect old expired batteries for disposal according to regulations, thereby ensuring environmental safety.
VinFast said joining The Climate Pledge and uniting in action with other environmentally conscious individuals and organizations will help the company move faster towards its sustainability goals, delivering better lives for all.
VinFast – a member of Vingroup – envisioned leading the movement of the smart electric vehicle global revolution.
Founded in 2017, VinFast has a state-of-the-art automotive manufacturing complex with world-leading scalability and up to 90% automation in Hai Phong, Vietnam.
Strongly committed to the mission of a sustainable future, the company is constantly innovating to deliver high-quality products, advanced intelligent services, seamless customer experiences and an all-inclusive pricing strategy to inspire global customers to co-create a future of smart mobility and a sustainable planet. .
Vietnamese automaker VinFast shifts into high gear to capture US and European EV markets