Vietnamese, Korean firms cooperate in corporation governance with ESG

Representatives of both companies exchanged the MoU at the signing ceremony in RoK. — VNA/VNS Photo

HÀ NỘI — SK C&C – an information technology service provider in the South Korea (RoK) SK C&C on August 5, SK C&C announced it has signed a Memorandum of Understanding (MoU) with FPT Information System (FPT IS), which is the IT division of the Vietnamese technology conglomerate FPT Corporation.

The MoU is focused on expanding the global digital Environment – Social – Governance (ESG) business.

Based on the carbon management and monitoring integrated platform ‘Vertzero’, it provides ESG consulting and solutions in Vietnam.

The two companies plan to jointly develop integrated digital ESG services for global customers. They will share digital ESG solutions and technology capabilities to develop customised digital ESG solutions and conduct joint marketing activities.

SK C&C will use its ‘digital carbon passport platform’ to help European manufacturers comply with EU carbon regulations such as the mandatory carbon emissions declaration system, carbon footprint, and digital battery passports. The Digital Carbon Passport Platform is a system that automatically generates carbon emissions reports based on actual carbon data and evaluates the environmental impact throughout the life of the product.

FPT IS will supply carbon accounting management software that tracks and manages carbon emissions on a business-by-business basis.

The two companies will also push for SK C&C’s Net Zero Factory, a factory to achieve carbon neutrality, to enter Southeast Asia. It plans to form a joint business task force and launch a Net Zero Factory cooperation project, starting with a new plant in Việt Nam.

Kim Min-hyuk, head of SK C&C’s global business division, said that the cooperation has expanded opportunities to showcase SK C&C’s digital ESG technology capabilities, including carbon passport platforms, in Europe and Southeast Asian markets as well as the RoK and Việt Nam. — VNS