FPT IS and InSynerger sign strategic cooperation agreement to deliver energy management and carbon reduction solutions
Recently, FPT IS officially signed a strategic cooperation agreement with InSynerger, a Taiwan’s top energy management and Internet of Things (IoT) solution provider. The partnership aims to offer energy management and carbon accounting services, facilitating enterprises to meet strict requirements for environmental protection and sustainable development.
Signing ceremony of strategic cooperation agreement between FPT IS and InSynerger
The cooperation between FPT IS and InSynerger mainly focuses on the delivery of comprehensive solutions for energy management and carbon accounting, tailored to serve enterprises’ needs for optimization of operational efficiency and reduction of energy costs. The partnership also revolves around the offering of other advanced technology solutions designed to support companies’ green transformation, enhancement of management efficiency, and achievement of sustainable development goals.
According to a United Nations report, global carbon emissions need to fall by 45% by 2030 to keep global temperatures from rising more than 1.5°C above pre-industrial levels. This has put enormous pressure on countries and businesses to take prompt action on carbon footprint control and mitigation. A study by McKinsey shows that by 2025, more than 75% of large companies globally will be required to comply with new environmental regulations, including requirements for carbon emissions cut and energy efficiency improvement. In particular, regulations on carbon reporting in the Asian region, including Vietnam, are becoming more stringent, geared towards net zero emissions (NetZero) goal by 2050, as committed by the Governments.
Increasingly tough environmental regulations are forcing enterprises to face challenges posed by not only regulatory agencies but their partners and customers who are showing rising concern about enterprises’ commitments to carbon footprint mitigation and environmental protection. These regulations require companies’ transparent and accurate report on carbon emissions, as well as their implementation of emission reduction strategies to ensure sustainable development. Over 80% of consumers are now willing to pay more for products and services from companies with commitments to environmental protection (according to a survey by Nielsen).
The partnership between FPT IS and InSynerger is driven by the growing demand for technology solutions that can perform accurate carbon accounting and transparent carbon reporting, empowering companies’ compliance with legal regulations and promoting their image as socially and environmentally responsible enterprises.
Under the cooperation agreement, FPT IS will offer a carbon accounting solution, VertZéro. VertZéro enables enterprises to define boundaries and measure emissions in scopes 1, 2, 3; disaggregate multidimensional emissions and access global emission factors. This creates the basis for enterprises to set emission reduction targets (by time, by scope, by Government regulations, and so on), and monitor actual emissions. Once the information is made transparent, the solution helps businesses prepare carbon reports in compliance with: Vietnamese Government’s regulations (Decree 06/2022/ND-CP, ISO 14064-1:2011), International standards (GHG Protocol, IPCC, EPA, ISO 14064-1:2018), and Europe standards (CBAM). VertZéro is currently being adopted by FPT Software and Tran Duc Corporation, serving the two companies’ proactive carbon accounting in 3 scopes (Scope 1, 2, and 3), enabling them to connect and synchronize data from different countries, and develop standard and regionally customized emission factors.
InSynerger, with its experience and expertise in developing IoT and energy management solutions, will provide advanced measurement equipment and data analytics platforms to support businesses in energy efficiency optimization and complex system management. InSynerger’ IoT-powered devices will serve companies through accurate and efficient energy monitoring, analysis, and optimization.
InSynerger, a Taipei, Taiwan-based company, is a provider of energy management solutions and IoT-powered measurement equipment for industrial environments. The company has connected millions of devices and collected billions of data over the years, making it one of the leaders in data analytics and energy optimization.
Addressing at the ceremony, Mr. Polon Chuang, InSynerger’s General Manager, emphasized: “We are very pleased to partner with FPT IS, a reputable and influential partner in the Vietnamese market. We believe that this cooperation will bring great value to both companies, especially in boosting green transformation and energy optimization projects in enterprises.”
As one of the tech giants in Vietnam, FPT IS offers comprehensive digital transformation solutions for domestic and international enterprises. With over 30 years of experience, FPT IS has affirmed its pioneering role in information technology, especially in delivering solutions for energy management, carbon emissions management, and sustainable development. This partnership is expected to strengthen FPT IS’s leading position in digital and green transformations, and open up numerous new opportunities for InSynerger to dive into the Vietnamese market, and as a result, driving energy transformation projects in the region.
The partnership aims to offer energy management and carbon accounting services, facilitating enterprises to meet strict requirements for environmental protection and sustainable development.
In her speech at the event, Ms. Tran Thi Hue, CEO of FPT IS Greater China, expressed: “The cooperation with InSynerger is an important step in our strategy to offer comprehensive digital transformation solutions for businesses. We believe that the resonance between FPT IS’s experience and InSynerger’s advanced technology will bring up solutions that enable enterprises’ compliance with environmental regulations and achievement of sustainability and cost-saving goals.”
FPT IS and InSynerger’s partnership is expected to benefit both companies and contribute to enterprises’ common goals of sustainable development, environmental protection, and energy efficiency optimization. Advanced technology solutions yielded from this collaboration will offer enterprises a problem-solving approach to meet requirements for regulatory compliance and reach sustainable development goals amid the growing stringent environmental regulations.
