Amid the growing necessity of CBAM compliance in international markets, FPT Digital has been actively supporting Vietnamese businesses in building effective ESG strategies to adapt to CBAM’s evolving requirements. At the “Climate finance & Technical tools” event, FPT Digital introduced solutions that empower businesses to comprehensively measure and manage greenhouse gas emissions. These technological solutions, part of FPT’s ecosystem, not only ensure CBAM compliance but also help companies establish a sustainable brand image, enhancing their position in the global market.
On October 23, 2024, at the Nam Cau Kien industrial park in Hai Phong, FPT Digital, in collaboration with Shinec, organized the “Climate finance & Technical tools” seminar aimed at helping Vietnamese businesses meet the European Union’s Carbon Border Adjustment Mechanism (CBAM) standards. Mr. Nguyen Tuan Anh, Director of sustainable development consulting at FPT Digital, shared key guidelines for greenhouse gas inventory management and emphasized the importance of CBAM compliance in strengthening international competitiveness.
The seminar provided essential information on CBAM, including practical steps for emissions inventory and strategies for reducing greenhouse gases. This knowledge not only helps companies mitigate legal risks but also supports their contributions to global climate change efforts, thereby fostering a positive and reputable image in the community and market. The event featured experts from the International Finance Corporation (IFC) Vietnam and the Institute of Science and Technology in Construction.
Vietnamese businesses poised for sustainable breakthrough with CBAM
At the seminar, experts emphasized that CBAM will have a direct impact on goods exported from Vietnam to Europe, particularly in high-emission industries such as cement, electricity, steel, and fertilizer. Businesses in these sectors will need to adapt to new standards, requiring detailed greenhouse gas inventories throughout the production process to meet the EU’s increasingly stringent requirements. Mr. Nguyen Tuan Anh noted that while CBAM presents significant challenges, it also provides an opportunity for Vietnamese businesses to improve production processes, enhance efficiency, and ensure sustainable growth.
In the global context, the EU has introduced ambitious policies to achieve carbon neutrality by 2050, including initiatives like the “Fit for 55 Package,” which aims to reduce emissions by at least 55% by 2030. Businesses looking to export to the EU must comply with CBAM standards and provide detailed greenhouse gas emissions data for each product. This presents challenges but also offers opportunities for Vietnamese companies willing to invest in green technology and emissions tracking.
Leading-edge tech solutions to power the green journey of businesses
FPT is paving the way for Vietnamese businesses to achieve sustainable growth through advanced technological solutions designed to measure and monitor greenhouse gas emissions. These tools not only allow companies to manage emissions data efficiently but also facilitate compliance with ESG standards and help them establish a solid roadmap for sustainable development. Mr. Nguyen Tuan Anh emphasized that successful green transformation requires robust technological support and a reliable partner, and FPT Digital is fully committed to accompanying businesses on this journey.
The seminar provided profound insights into the crucial role of green transformation and greenhouse gas inventory in today’s globalized world. By integrating technology and aligning with mechanisms like CBAM, Vietnamese businesses can access international markets and contribute meaningfully to sustainability goals. As a strategic partner, FPT Digital is dedicated to guiding businesses in achieving global standards, boosting competitiveness, and fostering long-term growth.
