ESGs & Climate - SUSTAINIFY

🌟 Unveiling Vietnam’s Carbon Market Potential at GEFE 2024 On October 21st, Day 1 of GEFE 2024, our CVO, Betty Pallard, took part in Panel 2B: Unpacking Vietnam's Carbon Market Potential, joining an exceptional group of experts from various sectors. Together, they explored the road ahead for Vietnam’s carbon market, emphasizing the challenges and opportunities in establishing a transparent and efficient system. Moderated by the esteemed Ha Do, Head of ASPAC International Development Advisory Services at KPMG Vietnam, the panel brought together diverse voices: 🌿 Nghiep Thanh Nguyen, Partner at VTN and Partners, pointed out key regulatory challenges, such as the ongoing difficulties in emissions assessment and the lack of finalized frameworks for carbon trading, with a tentative target for delivery in Q1 2025. 🌿 Marco Gaspari of AICS Hanoi highlighted the importance of considering both environmental and social impacts when assessing carbon projects, as well as paying attention to the project quality. 🌿 Ng Huyen Thu from World Resources Institute emphasized that the carbon market must be adapted to Vietnam’s unique context, stressing that capacity-building and collaboration will be critical for success. 🌿 Quynh Do Ngoc, General Secretary of Vietnam Bond Market Association, discussed how financial institutions can play a crucial role in financing decarbonization initiatives and helping companies navigate the complexities of the carbon market. Quynh underscored that Vietnam’s positioned as a key player in the global green economy. Financial institutions can support by developing tailored financing systems and ensuring that companies are prepared to meet future market evolvement. 🌿 From the perspective of a climate expert, Betty Pallard, who is also the founding member of EuroCham Vietnam Sustainable Finance Sector Committee (SFSC), added valuable insights into how companies need to take ownership of their decarbonization journeys. She emphasized that while regulatory frameworks are important, companies should proactively build internal capacity for carbon management, learning from leading examples set by Vingroup JSC or Yen Bai Province with their internationally traded carbon credit. 🌏 Betty’s view is aligned with ESGs & Climate Consulting’s broader commitment to supporting companies as they navigate their sustainability journeys. Our focus on capacity building ensures that businesses are not only meeting regulatory demands but are also pioneering their way toward a low-carbon economy. A big thank you to Ha Do for her outstanding moderation and to the panelists for sharing their expertise. As we continue to engage in dialogues like these at GEFE 2024, we are committed to fostering collaborations that accelerate Vietnam’s decarbonization efforts. 🌱

A Vision for Sustainability in 2025 ! As we reflect on the incredible progress made this year, our hearts are filled with gratitude and purpose. What began as a vision has now transformed into a tangible reality technological advancements from precise carbon emission assessments to innovative carbon sequestration calculations have set a new benchmark for development. This journey has been shaped by the extraordinary collaboration of developers, investors, and partners who share our commitment to a sustainable future. The world is undeniably shifting, embracing sustainability not just as a wish but as a fundamental criterion for progress. This pivotal moment calls for clarity and focus, clearing the way for genuine and impactful projects that drive serious advancements. From Europe to Asia, this journey has been both beautiful and challenging, with lessons learned from setbacks leading us to even stronger partnerships and breakthroughs. As we look toward 2025, we are thrilled to bring our climate fund to life, empowering projects that make a meaningful difference. Together with trusted partners like Hue City, two major banks, and initiatives covering 1.4 million hectares, we are building a comprehensive ecosystem of change at unprecedented speed in one digital platform empowered with Blockchain technology and AI to maximize all scenarios, KPIs and benchmarks for our clients and partners to make best decisions possible. Our extended GRI Trainer Partner license in Thailand and Vietnam now allows us to deliver solid, professional training programs, further amplifying our impact. Under one unified platform—SUSTAINIFY—we are connecting stakeholders, providing access to critical data, and unlocking the doors to sustainable finance and climate funds. We feel blessed by the trust of our clients and partners, and we are energized by the challenges and opportunities ahead. The path to sustainability is not just about meeting the moment but about creating a legacy of resilience, innovation, and growth. Here's to a transformative 2025, where every step forward strengthens our collective future! LET’s WELCOME 2025 together, in unity! #ESGsClimateConsulting #SUSTAINIFY #SimplifyUnifyDATA #SustainableFinance #LINKPOWER #GreenFinance #ClimateFunds #ImpactFunds #Together

Reflecting on Hue’s Heritage and the Promise of 2025 - in the era of Climate Change #NetzeroCity — As we close the year, I’m inspired by the spiritual essence of Hue, Vietnam—a city where heritage, innovation, and nature harmonize beautifully. Known for its profound history and its poetic rains, Hue teaches us valuable lessons about balance, preservation, and renewal. Rains in Hue are more than just weather; they are nature’s quiet gift, purifying the city and nurturing its essence. They remind us to slow down, reflect, and return to what truly matters. Hue’s journey of heritage restoration began in earnest in 1993, when it was recognized as a UNESCO World Heritage Site. Since then, the city has evolved into a vibrant, living museum, going beyond preservation to embrace sustainable urban life. Recent efforts have showcased how a balance between tradition and modernity can create a mirror reflecting what we deeply need: connection, authenticity, and a sense of place. Today, Hue is not only celebrated for its imperial citadel, pagodas, and poetic landscapes but also as a city that thrives with innovative energy while honoring its roots. This transformation is an inspiration for the world—a reminder that “small is beautiful” and that slowing down can often lead to deeper progress. As we step into 2025, may we draw inspiration from Hue’s rains, its heritage, and its resilience to shape a future full of innovation, grounded in essentials and paced with mindfulness. Let’s recognize that preservation and innovation can coexist, guiding us to create sustainable and meaningful impacts in our own journeys. Wishing you a year of discovery, balance, and thoughtful growth. Photo: Kelvin Long, a child of Hue. #ClimateChange #HeritageCity #SustainableDevelopment #NetzeroCity #HeritageInnovationHUB #CollectiveWisdom #CollectiveIntelligence #Linkpower

🌏🌿🌱🍀🍃☘️ A minute of laughters to celebrate a whole year of full dedication with sustainibility in Vietnam that is so rewarding while very much challenging on the last weekend if 2024 😅😇. #Gratefulness Congratulations to the team ESGs & Climate - SUSTAINIFY! We are together!

Great honor to sit on a panel with Sumit Agarwal and Betty Pallard, moderated by Arman Eshraghi talking about the Macroeconomic implications of climate transitions at the 2nd Vietnam Symposium in Climate Transition, and feeling lucky to receive the best paper award for our work on climate stress tests with Larissa Fuchs (University of Cologne), Trang Nguyen (University of Bristol Business School), and Huyen Ngoc Phuong Nguyen (IWH – Halle Institute for Economic Research – Member of the Leibniz Association and Friedrich Schiller University Jena). Many thanks to Hung Do for organising this event.

The second edition of the Vietnam Symposium on Climate Transition (VSCT2024) concluded with great success and warm memories. This year, we hosted 12 parallel sessions featuring 43 papers from over 22 countries, along with two outstanding keynote speeches and a dynamic policy roundtable discussion. The keynotes were delivered by Prof. Sumit Agarwal, who shared excellent insights into solutions for water conservation and household sustainability, and Prof. Ian Bateman, who introduced an innovative decision-support system designed to enhance policymaking processes within seconds. The policy roundtable discussion, moderated by Prof. Arman Eshraghi, featured thought-provoking contributions from Prof. Sumit Agarwal, Prof. Klaus Schaeck, and Ms. Betty Pallard, providing actionable solutions to pressing policy challenges regarding macroeconomic implications of net-zero carbon transition. (Full program: https://lnkd.in/etptPB2v). We also have a pleasure to announce two Best Paper Awards: 🎉Duc Duy (Louis) Nguyen for the paper titled: “Pastures Green: Corporate investments in Green Skills and Toxic Plant Emissions” 🎉Klaus Schaeck for the paper titled: “Climate Stress Tests, Bank Lending, and the Transition to The Carbon-Neutral Economy”. We are deeply grateful to all participants for their valuable contributions, which made this event a success. Special thanks go to the keynote speakers, Prof. Sumit Agarwal and Prof. Ian Bateman, and the roundtable panelists for their outstanding insights. We also appreciate the editors of supporting journals and the exceptional efforts of our scientific and organizing teams. We look forward to welcoming even more friends and colleagues at the next edition. Finance and Banking Network - FBNet AVSE Global Duc Khuong Nguyen Linh Pham, Ph.D. Muhammad Ali Nasir Thuy DAO Minh Ngoc Nguyen

WHEN VIETNAM is FEATURED via our collective effort, we feel that our humble mission sometimes can make a little difference and attract some good intention.. We are excited to share the cover of the 3rd issue of *Global B2Business Magazine*, which features our CVO, Betty Pallard, in the cover, featuring a major editorial only discussing challenges in regards of sustainability transformation in the landscape of Vietnam, advocating for sustainability and ESG standards in Vietnam. Betty’ sharing is widely introducing Vietnam, and its important decisions to achieve Net-zero maybe before 2050 (who knows!), all the highlights in the interview stem from a collective effort, via different Circles of Business and individuals that clearly accelerate their directions to a greener future, everyday more and more. Through notably her role as Vice Chair Green Growth Sector Committee - EuroCham Vietnam and CVO of LinkPower, Betty has been part of a broader initiative that fosters collaboration, dialogue, and meaningful connections between business circles, investors, innovative technologies developers from Europe actively developing in Vietnam. Together with a team of passionate individuals mostly from Europe for our technology development tools, ESGs & Climate - SUSTAINIFY platform, with a new tech tool is soon to be introduced, will support forest agroforestry management and carbon credit curation on behalf of multiple stakeholders. This tool, particularly along with projects focused on biodiversity, will create a comprehensive journey toward sustainability, unlocking climate and sustainable finance in a region where innovation is critical, “from emission to reduction to compensation, and then to green financing.” -// *Global B2Business Magazine*, established in Monaco, remains one of the last paper magazines, with a distribution network spanning 600 airports worldwide exclusively in platinum and VIP lounges, which will be launched in New York today for Christmas. The stunning artwork accompanying the feature comes from @Jerome Peshard, a pioneering and talented artist known for creating pieces made from recycled metal collected from the construction industry. As we continue to build bridges between Vietnam and Europe, we are driven by the vision of deepening collaborations over the next two years. The goal is to attract climate and social funds that will support impactful, monitored projects in Vietnam, starting with the establishment of a diplomatic fund for inclusive micro-financing. Despite a year of challenges, our team remains steadfast in driving forward meaningful projects for a more sustainable future. This issue provides a unique glimpse into the work of a dedicated doers committed to shaping the future of business and climate action. Merry Christmas to all of you 🌏🙏🏻 #Sustainify #Esg #CarbonNeutrality #ClimateTech #B2B #GreenGrowth #VietnamEuropeCollab’

Key Sustainability Reporting Frameworks and Standards 🌎 can appear sometimes complex to navigate, however it became irremediable. The evolution of ESG (Environmental, Social, and Governance) disclosure signifies a critical shift from voluntary reporting to a regulated requirement. Businesses are moving toward structured and comparable disclosures, aligning with global standards to meet the expectations of regulators, investors, and stakeholders. This transition redefines ESG reporting as more than compliance—it integrates sustainability into core business functions, governance, and decision-making. Mandatory ESG disclosures ensure organizations reliably demonstrate their performance across social, environmental, and governance dimensions. Global trends emphasize standardization, aligning ESG disclosures with financial reporting standards for consistency and comparability. This shift creates challenges, such as the need for robust systems, but also offers opportunities, including enhanced resilience, improved capital access, and stronger stakeholder trust. To thrive, businesses must adopt a strategic approach by aligning with frameworks, building accountability, and meeting both regulatory and stakeholder demands. Effective ESG reporting strengthens competitiveness and positions organizations as leaders in transparency and sustainability. #ESGframework #InvestorPerspectives #CompanyCulture #CompanyStrategy #SustinabilityBenchmark

𝗧𝗵𝘂𝗮 𝗧𝗵𝗶𝗲𝗻 𝗛𝘂𝗲: 𝗚𝗿𝗲𝗲𝗻 𝗘𝘅𝗰𝘂𝗿𝘀𝗶𝗼𝗻 | 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗢𝘂𝗿 𝗜𝗻𝘀𝗽𝗶𝗿𝗶𝗻𝗴 𝗗𝗮𝘆 𝗶𝗻 𝗛𝘂𝗲 Last Tuesday, December 10th, the EuroCham Green Growth Sector Committee (GGSC) organized an insightful excursion in Hue, in collaboration with Hue Institute for Development Studies. The event brought together key stakeholders to explore sustainable solutions and share innovative practices for a greener future. H.E. Daniël Stork, Consulate General of The Kingdom of the Netherlands in Vietnam, highlighted the essential role of water in sustainability efforts, showcasing Hue’s forward-thinking strategies such as sustainable mobility and waste treatment programs. He commended Hue’s position as a model city to inspire other provinces in Vietnam. In the opening remarks, Mr. jeanjacques Bouflet, Vice-Chairman EuroCham Vietnam in charge of Advocacy, emphasized EuroCham's commitment to green growth and collaboration with European businesses. He underscored Hue’s potential for sustainable development and the importance of fostering partnerships between European and Vietnamese stakeholders to advance the green transition. During the water session, Mr. Frank Pogade presented a comprehensive analysis of Vietnam’s water challenges and opportunities, shedding light on both current issues and innovative solutions. The discussions were skillfully moderated by Ms. Betty Pallard, Vice-Chairwoman at GGSC, who ensured productive dialogue between GGSC, EuroCham, and the esteemed officials from Thua Thien Hue province. They also were organized alongside Cuong Cung Trong (Director of Thua Thien Hue Provincial Development Research Institute) and Frank Pogade (Head of the Water Working Group and Vice-Chairman of GGSC), focused on actionable solutions for water management, waste treatment, and urban sustainability. The discussions also emphasized the importance of well-being in creating vibrant, resilient urban environments. In the afternoon, participants visited Vạn Niên Factory (HUEWACO) and Phu Son Waste Plants, gaining valuable insights into Hue City’s exemplary practices in water management and waste treatment. 💐 GGSC extends our sincere gratitude to all participants and partners who contributed to the success of this event: Consulate of the Netherlands, Hue Institute for Development Studies, Water Solutions South-East Asia, LinkPower, Ben Xuan Garden House Theater, and Restaurant La Carambole. Together, we are fostering meaningful collaborations to drive sustainability in Vietnam. #ggsc #watermanagement #greeneconomy #greengrowth #vietnam

Who is most responsible for the global climate crisis? It depends on how you measure! Understanding responsibility for emissions has huge implications for global climate negotiations, future trade agreements, and even potential legal judgements. However, it’s not always so clear what the most appropriate way to apportion responsibility. Here are a few of the common approaches along with their benefits and drawbacks. Current annual emissions- the most direct way to evaluate a nation’s emissions in a given year. These are absolute emissions, so they say how much of a contribution to climate change any nation has in a given year. However, they don’t consider the size of the nation nor its historical emissions. Historical emissions- this looks at the total absolute emissions a country has put into the atmosphere over time. It gives more of a “lifetime” view of responsibility rather than a point-in-time. However, it doesn’t control for the nation’s size or changes in the nation’s emissions over time. If we think about the fact that emissions now may be more harmful to our global climate than in the past, this method may miss the urgency of action today. Per capita emissions- could be calculated over history but almost always are done in a given year and represent a nation’s emissions divided by its population. This gives an “emissions footprint” for the average person living in the country. However, it doesn’t tell you whether those emissions are the result of demand outside the country for production nor what industries are driving emissions. Production/consumption-based emissions- an evaluation of a nation’s annual carbon emissions based on its role as a producer or consumer. This may lead nations with lower per capita footprints to come up higher in responsibility if they are consumers of high emitting goods made abroad. However, it doesn’t speak to the economic efficiency of the activities producing the emissions. The summary is there is no single approach to emissions measurement that is going to be perfect. Each one will overlook key elements. The right approach is to consider multiple ones together in order to get a sense of past and current responsibility, and how that responsibility connects into topics like economic development and global trade. My view is that there are a few other measure we haven’t really looked at that could be useful too. Those are intensity of production by industry, emissions/GDP- which nations are using their emissions most efficiently, and financed emissions- which nations are driving the financing of the most emissions. All three of these are used for companies today, but not countries. What do you think? How should we assign responsibility? #climate #emissions #economics #sustainability #netzero As always great data and visuals from Visual Capitalist and Our World in Data!