Hoa Phat : Hòa Phát steel products verified to meet greenhouse gas inventory standard

On April 22, 2024, BSI - the UK's leading international certification organization handed over a declaration of greenhouse gas inventory confirmation according to ISO 14064-1:2018 and ISO 14067:2018 standards to Hoa Phat Dung Quat Steel JSC's product lines/codes.

The event marks a significant milestone in the company's journey towards sustainable development and greenhouse gas emission reduction.

The ceremony was attended by representatives of the Company's Board of Directors, managers of Hoa Phat Dung Quat's departments, and representatives of BSI Vietnam.

Vice Director of the Hòa Phát Dung Quất Steel JSC Hồ Đức Thọ said collecting data, compiling reports, and quantifying greenhouse gas emissions are crucial tasks for the firm. The company will continue developing a plan to manage and report periodic greenhouse gas inventory, and maximizing the digitization of data collection tools to facilitate traceability and provide quick, accurate information.

The verification is also an initial success for the firm in proactively updating and implementing solutions to meet and enhance capabilities according to new requirements, thus paving the way for expanding exports of other high-quality product lines to markets worldwide in the future, Mr. Thọ said.

Mr. Le Duyen Anh, General Director of BSI Vietnam, said the certification demonstrates a clear milestone in the firm's commitment to controlling and reducing greenhouse gas emissions, expressing his hope that the company will make strides on its sustainable development journey.

As the largest steel manufacturer in Southeast Asia, the Hòa Phát Group utilises advanced closed-loop cycle production technologies from G7 countries in its steel production activities in steel complexes.

Hòa Phát Group has meticulously planned and allocated up to 30 per cent of its investment capital for environmental measures. Its steel complexes employ a series of solutions and the latest technologies to optimize production and save energy.

In 2023, the total electricity generation of the Hòa Phát Dung Quất Steel JSC's thermal power plant reached 1.96 billion kWh, enabling the company to meet 90 per cent of its electricity demand for production. This electricity generation has contributed to environmental protection by reducing CO2 emissions compared to coal-fired power generation methods with equivalent capacity.

In 2023, Hoa Phat Dung Quat Steel was completed by BSI Organization to complete the process of verifying the Greenhouse Gas Inventory Report at the complex, meeting the requirements and being eligible to confirm and publish the greenhouse gas inventory report for enterprises according to the requirements of ISO Standard 14064-1:2018.

In addition, the company also completed the Confirmation Inventory process according to ISO 14067: 2018 - Quantifying carbon footprint on products for the complex's product lines at the end of January 2024.