ESG report is a report that discloses information about the sustainable development factors of the enterprise according to ESG criteria (Environment – Environment, Social – Society, Governance – Management). The report plays a key role in demonstrating the enterprise’s commitment to sustainable development strategy.
Purpose of ESG Report:
With many years of experience serving the Vietnamese industrial market, East Sea Energy Environment (ESEC) understands that a comprehensive technology solution to help implement ESG Report is a necessary need for businesses practicing sustainable development today.
ESG report must be transparent, accountable and responsible, helping businesses strengthen the trust of stakeholders. The reporting process simultaneously promotes improvements in many aspects of production and business activities and helps increase competitiveness for organizations and businesses.
Solution for implementing ESG Report:
In fact, many businesses are currently facing obstacles in implementing ESG Report. The reason is that there are many different reporting standards for each country and each type of business. In addition, an important reason leading to difficulties in implementing sustainability reports is the processing of a large amount of data. This data comes from many sources and with different measurement units, inconsistent data structures and formats.
However, the above difficulties can be easily solved with the IBM ENVIZI solution. ESEC is a strategic partner of IBM Global Technology Group. With the mission of serving sustainable development, we not only provide a tool but also a comprehensive technology platform based on the ENVIZI architecture, combined with the project implementation capacity of the ESEC team of experts.
The ENVIZI solution combines three layers of functionality that simplify data management, harnessing the power of data for ESG report and analytics to help organizations achieve their sustainability goals.
Project to apply ENVIZI to implement ESG Report in Vietnam:
With more than 15 years of use in the market, IBM’s ENVIZI serves more than 150 customers in more than 150 countries, along with more than 247,000 connected locations. However, in Vietnam, the ENVIZI solution as well as the implementation of ESG reports are quite new to organizations and businesses. Therefore, through a period of research and working with customers, with the consent of HD Bank, ESEC has implemented the “Pilot project to apply EMVIZI solution to serve the sustainable development strategy” of HD Bank at Galaxy Innovation Hub.
Galaxy Innovation Hub is built with an area of more than 35,000 m2, located in the High-Tech Park of Ho Chi Minh City. After nearly three years of construction, the project has come into operation, becoming a typical industrial transformation model, developed by HDBank and operated according to ESG standards.
The ESEC team has collected, analyzed data and applied it to the ENVIZI solution appropriately to have reports on the total amount of energy used and total emissions per month of the Galaxy Innovation Hub building in the first 3 months of operation. Along with that are detailed analyses comparing with the indicators of Scope 1 and Scope 2 according to the sustainable development strategy to have appropriate adjustment decisions.
After more than a month of implementing the pilot project applying ENVIZI to Galaxy Innovation Hub, it has initially brought significant results to the customer’s sustainable development goals. The solution helps build a unified, single data infrastructure system that provides ESG data and GHG calculations, allowing for quick checking and retrieval. Flexible reporting tools meet internal and external requirements for comprehensive and simplified ESG report. ENVIZI also helps analyze and identify opportunities to achieve low carbon emissions targets and track progress towards customers’ decarbonization goals. The successful implementation of the pilot project is also a premise for ESEC to continue with HD Bank in applying ENVIZI to sustainable development strategies and ESG report, bringing valuable and long-term effects to customers.
BD & MKT