PVCFC announces its sustainable development strategy

PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC, HOSE: DCM), has just announced its strategic orientation for sustainable development.

The strategy not only enhances the Company's competitiveness but also contributes to building a sustainable, green and prosperous future for all stakeholders.

PVCFC Board of Directors orients sustainable development strategies following the Company's strategy, growth goals and enhancing competitiveness.

This orientation is built on compliance with legal regulations and appropriate application of good industry practices such as standards of the International Fertilizer Association (IFA), sustainable development goals (SDGs) of the United Nations, and learning from pioneering fertilizer companies around the world.

This strategic direction for sustainable development includes teams directing strategic initiatives under the Environmental, Social and Governance pillars by the Company's overall operating strategy.

Regarding the environment, PVCFC focuses on research and implementation in both the short and long term, including: applying advanced technology to reduce emissions and limit environmental impacts, optimizing energy use and finding renewable energy sources, launching initiatives to reduce greenhouse gas emissions and developing products to help farmers cope with climate change.

Regarding society, PVCFC aims to create a safe working environment, develop skills for workers, improve rural lives and economies through training and support programs, and ensure the quality and safety of fertilizer products.

Support farmers in accessing financial resources and, provide guidance on building a green financial framework to ensure environmental and social efficiency for projects, and support the community through projects that have a significant impact on social welfare in the areas where the company operates, creating a working environment that respects differences and fairness.

In particular, PVCFC is committed to practicing corporate governance at the highest possible level, including but not limited to good corporate governance practices in Vietnam and ASEAN.

Some critical areas of governance in ESG include business ethics, sustainable supply chains, regulatory compliance, board performance, and risk management.

Last but not least, PVCFC considers the concerns and expectations of stakeholders to ensure sustainable operations and to create trust and meet the expectations of customers, suppliers, employees, shareholders, government, local communities...

Based on the above strategic directions, PVCFC also built a list of strategic initiatives corresponding to sustainable development topics to focus on.

The Company's Board of Directors and employees implement strategic initiatives based on guiding principles surrounding four aspects: strategy, operations, finance, and compliance. Accordingly, strategic initiatives and sustainable development activities are also selected in accordance with the set principles: strategy, operations, finance and compliance.

With a sustainable development strategy, PVCFC not only improves competitiveness but also builds a green, prosperous future for all stakeholders.

PVCFC is proud to be part of the sustainable development trend, committed to a sustainable future for the agricultural industry.

Established on March 9, 2011, PVCFC is an enterprise with main functions and business lines: Production, sales, and import-export of fertilizers and petroleum chemicals, mainly serving the agricultural sector with the mission of serving millions of farmers with high nutritional fertilizers suitable for many crops and lands. Applying technological achievements based on the petrochemical industry helps PVCFC improve business efficiency while contributing to changing the face of the agricultural economy.

PVCFC has a strategy of diversifying products and distribution channels, promoting export and international business, and focusing on marketing communications on digital platforms has helped the company capture market share in all domestic regional markets.

In particular, in the Southwest region, PVCFC accounts for 61%, and the Company's products are also present in 20 countries around the world.

PVCFC currently owns: Ca Mau Fertilizer Plant capable of producing granular urea with a capacity of 800,000 tons/year; Ca Mau NPK factory with a capacity of 300,000 tons/year and the just now completed transfer of the Korean - Vietnamese NPK factory with a capacity of 360,000 tons/year.

On the journey of the past 13 years, PVCFC has always maintained its mission of "Comprehensive nurturer" for plants.

In 2024, it is forecast that the economy will still have many challenges, PVCFC with the spirit of constant innovation, flexibility and adaptation with continuous efforts will help Vietnamese farmers create more sustainable and prosperous values.