ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
156
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An Cuong’s 2024 Sustainable Development Report reflects activities aligned with the Company's sustainable development orientations carried out during the year. The report was prepared with reference to the latest version of the Global Reporting Initiative (GRI) Sustainability Reporting Standards. The areas covered in the report were identified following a review and assessment of the impact and concerns of stakeholders in relation to An Cuong’s activities. Also, we referred to the Guidelines for Environmental and Social Disclosure issued by the State Securities Commission, IFC, and Circular No. 155/2015/TT-BTC to ensure comprehensive, transparent, and effective information disclosure. 2024 Sustainable Development Report General Information
Material topics in 2024
Preserving the environment at business locations and surrounding areas
Key efforts to address the topic of Preserving the environment at business locations and surrounding areas prioritized on three main aspects: (1) GHG emission, (2) Water usage, and (3) Waste management. Aiming for an annual 2% reduction in GHG emissions basic unit relative to revenue, An Cuong continued to refine our action plan and embedding it into broader business strategies with guidance from professional advisory teams. Regarding water usage and waste management, the Company consistently reviewed and ensured compliance with established policies and procedures.
Reporting principles
01 Accuracy
04 Comparability
07 Timeliness
02 Balance
GHG emission
Solar energy consumed
05 Completeness
Based on the GHG inventory report of 2023, elec- tricity was identified as one of the largest sources of emissions in the Company’s production and opera- tions. To address this, the Company undertook the following actions in 2024: Reviewed electricity usage across all facilities, including offices, factories, and showrooms, while strictly enforcing energy-saving policies; Restructured production processes to optimize energy consumption; Enhanced the utilization of solar energy to support production activities
4.6% Compared to 2023
08 Reliability
03 Clarity
06 Sustainable context
Electricity consumption per revenue
2.2% Compared to 2023
The report covers information of An Cuong and its subsidiaries.. Reporting scope From 01/01/2024 to 31/12/2024 Reporting period
(kwh/VNDbn)
Contact Information
The report is prepared by the Sustainable Development reporting team of An Cuong, consisting of members of the Marketing and Communications Department, Assistant to the Board, Investor Relations Department and Shareholder Management Department. For information, comments or feedbacks on the information presented in this report, please contact: Investor Relations department Email: ir@ancuong.com
GHG emission from using electricity
10.7% Compared to 2023
(tCO 2 /VNDbn of revenue)
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