As a leading enterprise in the Port and Logistics ecosystem in Vietnam, Gemadept not only focuses on business growth but also pioneers in creating sustainable values with customers, partners, communities and the environment.
Strong Commitment to a Green Future
2024 marks an important milestone in its 35-year development journey, where Gemadept affirms its strong commitment to ESG goals and sustainable development. Gemadept identifies “Green Creation” as not only a trend but also an urgent requirement, a “compass” for sustainable development. The Company has demonstrated this commitment through strategic actions:
- Building a clear roadmap: Proactively developing and implementing a comprehensive ESG strategy for the 2021-2025 period, and planning a vision to 2030 and aiming for Net Zero by 2050, in line with the Vietnamese Government’s commitments.
- Establish a dedicated ESG Board: To realize this commitment, the dedicated ESG Board, which is headed by the CEO, was established in 2022. Its role is to direct and effectively organize the implementation of ESG tasks across the system.
- Comply with international standards: Aiming to achieve international ESG certifications in 2024 and 2025, especially in activities that ensure occupational safety and health, environmental protection, the inventory and reporting of greenhouse gas emissions, and green port development.
Green Strategy – Real Action, Exceptional Efficiency
Gemadept’s green transformation strategy is implemented synchronously in all aspects of operations, from port operations, logistics to technology investment and corporate governance.
Investment strategy for green energy equipment in Nam Dinh Vu Port Cluster significantly reduces direct emissions
1. Developing Modern Green Port Systems
Gemadept is a pioneer in building and operating ports according to “Green Port” standards, minimizing environmental impact.
- Green Port Certification: Key ports like Nam Dinh Vu, Gemadept Dung Quat Binh Duong, and Gemalink have received Green Port Standard certification from the Vietnam Maritime Administration.
- International Award: Gemadept Dung Quat International Port was honored with the 2024 Asia Green Port Award (GPAS) from the APEC Port Services Network (APSN), recognizing its outstanding efforts in applying clean technology and efficient energy use.
- Equipment Electrification: A large proportion of equipment at the ports uses electricity (up to 95% at the Nam Dinh Vu and Gemalink port clusters), significantly reducing direct emissions.
2. Reducing Greenhouse Gas Emissions and Applying Clean Energy
- Greenhouse Gas Inventory: Conducting regular inventories according to the international standard ISO 14064-1, independently verified by the British Standards Institution (BSI).
- Renewable Energy Application: Pioneering in investing in rooftop solar power systems at the SCSC Air Cargo Terminal and Mekong Logistics.
- Digital Transformation for Emission Reduction: Deploying technology platforms like SmartPort, SmartGate (AI), and RiverGate to optimize operations, reduce vehicle waiting times, and consequently lower fuel consumption and emissions.
3. Promoting Green Logistics and Protecting Biodiversity
- Developing Waterway Transport: Actively opening domestic waterway routes (such as the Cai Mep – Mekong Delta route) to reduce the burden on roads, save costs, and decrease emissions.
- Environmental Protection: Implementing practical projects like the “Seed for Sea” mangrove planting program, having planted and nurtured 4,000 trees since 2022.
Modern Governance and Green Finance – The Foundation of Sustainability
Gemadept understands that effective governance and green financial resources are pivotal for a truly meaningful green transformation journey. The Company is proud to be recognized in the Top 50 Best Corporate Governance Companies (VNCG50), an acknowledgment of its efforts in building a transparent and efficient management system
Anticipating the green finance trend, Gemadept has proactively partnered with reputable financial institutions:
- Strategic Partnership with BIDV: The Company has signed a comprehensive strategic cooperation agreement with BIDV Bank, focusing on sustainable development goals.
- Pioneering Green Credit:Gemadept has secured a Sustainability-Linked Loan Agreement with HSBC Bank Vietnam. This marks the first green credit facility in Vietnam’s port operation and logistics sector, based on meeting strict ESG criteria.
Mr. Nguyen Thanh Binh (left), CEO of Gemadept, and representatives of HSBC Bank’s leaders signed the Sustainability Linked Loan Agreement, marking an important step forward in the Company’s green finance strategy.
This cooperation not only provides important financial resources for green projects but also affirms the trust of international organizations in Gemadept’s sustainable development strategy.
Shaping the Future – Steadfast Leadership
On its journey, “The Way Forward,” Gemadept is continuously shaping the future with a strategic vision and a strong commitment to sustainable development. Gemadept identifies this as the essential path, the foundation for the Company’s long-term prosperity. With this belief and determination, Gemadept’s future direction is:
- Sustainable Development: Centering ESG in all strategies and operations, contributing to national goals.
- Achieving Net Zero by 2050: Building an emissions reduction roadmap through energy optimization, clean energy transition, and advanced technology application.
- Green Transformation – Digital Transformation: Simultaneously applying smart technologies to optimize resources and create a green Port & Logistics ecosystem.
- Investing in People: Enhancing team capabilities and building a corporate culture of innovation, creativity, and responsibility.
- Social Responsibility & Advanced Governance: Fostering strong ties with the community and continuously improving its governance system to international standards.
Some images of ESG practice at Gemadept Port- Logistics ecosystem:
- Tree Planting Ceremony at Nam Dinh Vu Port
- Gemadept Dung Quat International Port Honored to Receive GPAS Asia Green Port Award 2024
- Gemalink Deep-Sea Port is a crucial link in the global green transportation corridor. It’s a frequent destination for ultra-large container vessels powered by clean energy (such as the CMA CGM ALHAMBRA, which runs on LNG)
