OVERVIEW OF SUSTAINABILITY REPORT
REPORTING PRINCIPLES
This report is prepared to present officially information regarding the sustainable development strategic orientation, objectives and results of implementation of action programs and sustainable development initiatives at PetroVietnam Fertilizer and Chemicals Corporation (“PVFCCo”). This report is developed with reference to the principles and guidelines of the latest Global Reporting Initiative (GRI) framework (Universal Standards 2021) and the 17 United Nations Sustainable Development Goals (17 SDGs).
The report is published annually, and 2024 marks the first year PVFCCo has introduced a standalone sustainability report. The reporting period for all information and data presented herein covers the fiscal year starting from January 1, 2024 to December 31, 2024.
REPORTING SCOPE
The information and data presented in the 2024 Sustainability Report are compiled from PVFCCo’s dependent units and information as well as data generated at four (04) subsidiaries specializing in fertilizer and chemical trading, 75% owned by PVFCCo, as follows:
Dependent units
- Departments and Functional divisions of PetroVietnam Fertilizer and Chemicals Corporation
- Phu My Fertilizer Plant
- Petrochemicals Trading Branch
- Project Management Board
- Center for Research and Application
Subsidiaries
- Central Petrovietnam Fertilizer and Chemicals Joint Stock Company
- South-West Petrovietnam Fertilizer and Chemicals Joint Stock Company
- South-East Petrovietnam Fertilizer and Chemicals Joint Stock Company
- Northern Petrovietnam Fertilizer and Chemicals Joint Stock Company
This report does not include the Cambodia Branch, which is currently undergoing dissolution procedures
Except for financial figures consolidated in accordance with prevailing Vietnamese accounting standards and regulations, other ESG-related data - such as indicators measuring environmental and social impacts - generated at PVFCCo’s subsidiaries are aggregated on a horizontal basis. These figures are not adjusted according to PVFCCo’s ownership ratio in each specific subsidiary.
In cases where certain dependent units, or subsidiaries have not yet compiled detailed data for 2024 (primarily environmental indicators), PVFCCo has clearly noted this alongside each relevant indicator presented in the report. Moving forward, PVFCCo plans to fully disclose information and data from all dependent units, and subsidiaries in the future editions of the standalone sustainability report, in order to better meet the rapidly evolving and diverse expectations of stakeholders.
CONTACT INFORMATION
For any comment or inquiries regarding the content of this report, organizations and/or individual are kindly invited to submit their requests via the “Contact” section on PVFCCo’s official website at
https://dpm.vn/lien-he
or reach out directly to Mr. Truong The Vinh - PVFCCo’s authorized information disclosure representative - via phone number at (028) 38 256 258 or email to lienhe@pvfcco.com.vn.
INDEPENDENT ASSURANCE
PVFCCo consistently acknowledges the importance of ensuring the reliability, accuracy and completeness of the information disclosed in the sustainability report. Accordingly, selected data and information presented in this report have been independently verified, assessed and analyzed by reputable external organizations including
- Financial information was audited by Deloitte Vietnam Company Limited;
- Environmental monitoring reports at Phu My Fertilizer Plant were conducted by the Environmental Monitoring Center of Ba Ria - Vung Tau province and the Environmental Consulting and Communication Center. Monitoring at PVFCCo’s warehouses and office buildings is carried out by relevant provincial and municipal authorities in the respective operating areas
- Domestic wastewater quality indicators at Phu My Tower Building No. 43 Mac Dinh Chi Street, Saigon Ward, Ho Chi Minh City (Headquarters) were analyzed by Pasteur Institute of Ho Chi Minh City;
- Energy audit report was conducted by Bach Khoa Energy Saving Joint Stock Company in compliance with regulations and appraised by the Department of Industry and Trade of Ba Ria - Vung Tau province;
- Greenhouse gas accounting report of Phu My Fertilizer Plant was also conducted by Bach Khoa Energy Saving Joint Stock Company, in accordance with regulations and appraised by the Department of Industry and Trade of Ba Ria - Vung Tau province2;
- Sustainable development performance evaluations of PVFCCo have been verified and recognized by reputable organization including: Vietnam Sustainability Index (VNSI) of Ho Chi Minh City Stock Exchange (HoSE); Asia-Pacific Enterprise Association; Vietnam Economic Magazine, Saigon Times Magazine; and Vietnam Business Review.
1 Detailed information on basis of consolidation of financial figures is presented on pages 154-155 of the 2024 Annual Report which can be accessed via the link: https://dpm.vn/BCTN-DPM-2024/index-EN.html
2 Name of state management agency before Ba Ria - Vung Tau province was officially merged with Ho Chi Minh City from July 1, 2025.