(Dan Tri) - After more than 2 years of circular economic policies being issued, many businesses in the construction materials industry have boldly implemented comprehensive green growth strategies, working with the Government to bring net emissions to zero by 2050.
ESG - a powerful tool for the Government and businesses to implement circular economy and sustainable development
At the 2021 United Nations Climate Change Summit (COP26), Vietnam committed to achieving net zero emissions by 2050. Accordingly, the Government has issued many policies to develop the construction materials industry in a sustainable, green, energy-saving and environmentally friendly direction.
Notably, the strategy for developing Vietnam's construction materials for the period 2021 - 2030, with a vision to 2050, was approved by the Prime Minister in Decision No. 1266/QD-TTg dated August 18, 2020, with one of the viewpoints being that the development of construction materials must use resources efficiently, thoroughly save energy, raw materials, and fuel. The goal is to reduce CO2 emissions by 8% by 2030 compared to the present. This is considered a big challenge for businesses in the cement industry.
To achieve the above goal, implementing ESG (environment - society - transparent governance) in the construction materials industry is considered an effective tool for the Government and businesses to implement a circular economy, sustainable development, and move towards Net Zero.
Representatives of the Ministry of Natural Resources and Environment, government agencies, SCG Group, international organizations and businesses attended the Vietnam Circular Economy Forum 2024.
According to experts, implementing ESG in construction materials enterprises not only helps enhance the reputation and sustainable value of the company but also contributes positively to environmental protection and community development.
To do this, businesses are required to invest in environmentally friendly production technologies, such as using renewable energy, minimizing the use of fossil fuels and optimizing production processes; limiting waste from material production, recycling old construction materials and applying waste reduction technology in the production process.
However, in reality, policies related to circular economy (CEE) and ESG are not yet unified and synchronous at the central and local levels, leading to difficulties in implementing CEE in enterprises. This requires enterprises that want to pioneer in implementing circular economy, aiming for Net Zero, to have their own initiatives and boldly implement comprehensive green growth strategies in their production systems.
SCG Group's factories are invested in integrating solar power systems, generating renewable energy and significantly reducing carbon emissions.
SCG successfully implemented a comprehensive green growth strategy with ESG 4Plus
At the Vietnam Circular Economy Forum 2024, Mr. Chana Poomee, Senior Director - Sustainable Development, SCG Group emphasized: "Cooperation is the key to successfully implementing strategies in the circular economy. From positive thinking to working together for everyone to be creative, from efforts, solidarity, and unity between the State and businesses, I believe that more and more businesses will implement circular economy, ESG strategies in business operations, comply with new orientations and act together, towards a common goal - for a sustainable Vietnam".
Mr. Chana Poomee, Senior Director - Sustainability, SCG Group shares about typical circular economy practices for a greener Vietnam.
SCG said that in order to implement a circular economy and contribute to the country's green growth goals, over the years, the group has proactively fulfilled its commitment through the ESG 4Plus strategy with a roadmap including: Aiming for net-zero emissions (Set Net-Zero) - Go Green - Reduce Inequality - Embrace Collaboration, Fairness and Transparency in all operations.
To implement this strategy, SCG said it has collaborated with stakeholders and partners, with a variety of suppliers to minimize resource consumption and waste generation. This approach not only helps reduce carbon emissions but also encourages the use of sustainable materials and energy sources, while promoting the development and promotion of environmentally friendly products that reduce environmental impacts. These are also the directions emphasized in the National Action Plan for the implementation of the circular economy.
SCG's green cement products use alternative fuels instead of fossil fuels and increase the proportion of renewable energy sources.
SCG demonstrated the effectiveness of its comprehensive green growth strategy with its own ESG 4plus initiative when in 2024, the leading Southeast Asian corporation introduced to the market low-carbon cement products, helping to reduce carbon emissions by 20% compared to conventional cement.
To achieve this goal, SCG improves its production processes to reduce energy consumption and carbon emissions. Specifically, SCG Low Carbon Super Cement uses biomass instead of fossil fuels and increases the proportion of renewable energy sources. In addition, the company also installs Waste Heat Recovery systems throughout its factories to reduce carbon emissions from the cement production process.
According to SCG, each ton of SCG Low Carbon Super Cement contributes to reducing carbon emissions equivalent to the CO2 absorption of 12 mature trees within one year.
In addition to its environmentally friendly properties, SCG also applies Nano technology to create a cement line that is more durable and resistant to the effects of harsh weather conditions.
Also in 2024, Prime Group, a member company of SCG, set a new standard in the ceramic tile industry when it introduced Slim Tiles to the market. In addition, the company also applied waste heat recovery systems, replacing fossil fuels (coal) with biomass, helping to reduce energy and raw material consumption in the production process by up to 25%.
Prime Group, a member of SCG, has launched Slim Tiles, which help reduce material and energy consumption by up to 40%.
SCG Low Carbon Super Cement and Slim Tiles are proof of SCG's commitment to pioneering the implementation of circular economy in Vietnam, aiming for Net Zero with the Government.
SCG's initial success can be seen as a typical model for businesses in the industry to learn from, thereby building a strategy to meet the needs of sustainable development, greening the construction and building materials industry in Vietnam and the Net Zero 2050 target.
Source: https://dantri.com.vn/kinh-doanh/doanh-nghiep-nganh-vat-lieu-xay-dung-tien-phong-thuc-thi-kinh-te-tuan-hoan-huong-den-net-zero-20241213100449395.htm
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