ANNUAL REPORT 2024

OVERVIEW OF SUSTAINABILITY REPORT

During its development process, PVCFC has always aimed for sustainable development as a strategic goal while pursuing economic growth on the principle of environmental stakeholders, a harmonious balance of interests, and towards the prosperity of the community and society.

By implementing the Sustainability Report, beside the economic aspect, PVCFC also identifies and evaluates its social and environmental responsibilities and contributions, supporting PVCFC to maintain a balance of upcoming operational plans toward sustainable development goals and society in the next financial years.

REPORT CONTENTS
In 2024, PVCFC continued to publish a standalone Sustainability Report. Therefore, Chapter V: Sustainability Report in Annual Report presents overall sustainable development contents, summarizing the most basic matters. More detailed contents are presented in the separate Sustainability Report at the link: https://www.pvcfc.com.vn/en-US/sustainable https://www.pvcfc.com.vn/phat-trien-ben-vung-2
REPORTING PERIOD

Information and data included in the report was updated in the 2024 fiscal year of PVCFC, starting from 01 January 2024 and ending on 31 December 2024.

SCOPE OF REPORT

This report, prepared in Vietnam, is specifically designed to serve the needs and purposes of PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC).

In Chapter V - Sustainability Report of Annual Report, the figures related to environmental and social show the performance of PVCFC.

Consolidated environmental and social data are specifically presented in the separate Sustainability Report.

INDEPENDENT ASSURANCE

PVCFC commits to complying with principles of integrity, accuracy and transparency in all data and information in the report. Therefore, apart from conducting internal audit, our sustainability indicators have been assured by a third independent audit, as follows:

  • Consolidated financial indicators (assets, revenue, profit, and contribution to State budget) are audited by Deloitte Vietnam Audit Co., Ltd.
  • Greenhouse gas emission inventory in 2024 at Ca Mau Fertilizer Plant was conducted by Bach Khoa Energy Conservation JSC. in March 2025.
  • Energy audit of Ca Mau Fertilizer Plant in 2024 was conducted by Bach Khoa Energy Conservation JSC.
  • Independent Limited Assurance by Deloitte Vietnam Audit Co., Ltd. for the following indicators:
    • Total electricity consumption (kwH) - GRI 302 - 1;
    • Total water consumption (m3) - GRI 303 - 5;
    • Employee turnover rate (%) - GRI 401 - 1;
    • Total number of employees by gender and position - GRI 405 - 1;
    • Direct greenhouse gas emissions - GRI 305 - 1;
    • Indirect greenhouse gas emissions - GRI 305 - 2;
    • Greenhouse gas emission intensity - GRI 305 - 4.
STANDARDS FOR PREPARING SUSTAINABILITY REPORT

Sustainability Report of PVCFC are prepared with reference to:

  • 2021 Global Reporting Initiative (GRI) Standards.
  • Sustainability Accounting Standards Board (SASB) Standards applied to chemical sector (RT-CH).
  • 17 Sustainable Development Goals of the United Nations with related contents at goals 1, 2, 3, 5, 6, 7, 8, 9, 12, 13, 14, 15, and 17 to promote global sustainable development.

In addition, we also refer to the guidelines, recommendations and policies related to sustainable fertilizer management and use of the Food and Agriculture Organization (FAO), and at the same time, we aim to comply with the standards and practices in fertilizer industry of the International Fertilizer Association (IFA) to ensure the production, distribution and use of fertilizers in safe, effective and sustainable manners, contributing to the goal of developing a green and sustainable agriculture in Vietnam as well as increasingly meeting the needs of customers.

At PVCFC, we always aim to keep customers at the center of our development strategies, accompanying farmers to create a more sustainable and prosperous life, continuing to promote the foundation, and realizing the “stronger aspiration - faster, and more effectively”.

CONTACT INFORMATION

We are looking forward to receiving your sincere comments to make our report more transparent, complete and accurate. Should you have any opinion related to sustainable development issues, please send us at:

Mr. Do Thanh Hung
Corporate Secretary

Email Icon Email: ir@pvcfc.com.vn

Hotline Icon Hotline: 0913897704