VINES ESG
Our Long Term Priorities
Environment
Sustainable Products
- VinES supports the worldwide transition to a green and sustainable economy by committing to a COP27 target
- Conflicting minerals (tin, tantalum, tungsten and gold) are not used for battery production
- Accelerate the use of global EVs with quality batteries
- Employ high technological solutions: dry-coating, LFP, NMC and solid-state battery
Carbon-Neutral Supply Chain
- Promote and support the use of Renewable Energy (RE) to all supply chain partners. Accelerate the use of Renewable Energies. Focus on reducing GHG emission following global standards
Closed Loop Recycling
- By 2025, establish a closed loop recycling including all manufacturing scrap & end-of-life battery are tracked, collected, and recycled
Social
Diversity, Equity and Inclusion
- Promote multi-nationality working environment with more than 14 nationalities and growing
- Increase focus on Equity and Inclusion through promoting leadership from female and young generation
Fair and Transparent Supply Chain
- Moving from price-oriented to a value-oriented supply chain
- Formulate Supplier Management Procedure and Guideline, Supplier Code of Conduct with regularly update, review and re-valuate of supply chain partners
- Reduce dependent on any specific region with supply chain diversification program
- Strictly refrain from sourcing from suppliers that are non-compliance with producing or associated with conflict minerals, companies involved in coal-based business models, or companies that disregard ILO fundamentals
Governance
Comprehensive
- Cascade Vingroup ESG framework into VinES operations and established ESG committee
Transparency
- Formulate a company-wide business risk management system with frequent training, review and update
Co-operation
- Partnership and participate in global initiatives, ESG organizations and communities
Cooperation
- We take part in global initiatives, ESG organizations and communities