FPT IS deploys the VertZéro Carbon Accounting Solution on a global scale for FPT Software
Aiming to become a sustainable software service provider, FPT Software recently signed a contract to deploy the VertZéro Carbon Accounting Solution developed by FPT IS, which certifies FPT IS’s leading expertise and enormous market potential in the ESG segment.
With its goal of becoming a sustainable development enterprise, FPT Software has officially cooperated with FPT IS, a subsidiary of FPT Corporation, and adopted the VertZéro Carbon Accounting Solution developed by FPT IS. This is a pioneering step in the billion-dollar company’s commitment to transparent emissions reporting across all of its branches in 30 countries, fulfilling the requirements of sustainable development in the global technology supply chain. Additionally, it affirms that “Make in Vietnam – Made by FPT” ESG solutions like VertZéro are capable of helping businesses and organizations meet green standards in different countries and continents.
FPT Software cooperates with FPT IS to deploy the VertZéro Carbon Accounting Solution.
The signing ceremony was attended by Mr. Nguyen Khai Hoan – Deputy General Director of FPT Software, Mr. Tran Dang Hoa – Chairman of FPT IS, Mr. Chu Khanh Hoa – Director of FPT IS Global Sector, Mr. Pham Tuan – VertZéro Product Owner, and the project teams from both companies.
FPT Software chose VertZéro Carbon Accounting Solution to handle its entire inventory process: Collect, systematize and automate carbon accounting activity data corresponding to the field of activity; Identify emission sources and factors to ensure global standard coefficients; Calculate emissions in the company; Support planning emission reduction strategies and targets for each subsidiary/location according to the company’s development strategy. The solution’s goal is to assist FPT Software in proactively carbon accounting in 3 scopes, connecting and synchronizing data from 30 countries, and setting standard emission factors which can be customized for each region. VertZéro is designed to satisfy global standard frameworks for emissions reporting and greenhouse gas removal such as ISO 14064, GHG Protocol, and other standards.
In 2023, FPT Software hit the revenue milestone of USD 1 billion, making its parent company, FPT Corporation, the first tech firm in Vietnam on the list of global billion-dollar IT companies. The earnings were yielded in major markets including Japan, the US, and Asia – Pacific with a growth rate of over 30%. In particular, the Japanese market alone saw a 54% increase thanks to its demands on digital transformation. Currently, FPT Software are offering technology services to more than 1,000 global customers, including the Top 100 on the Fortune Global 500 list.
To increase its participation in the world’s technology supply chain, FPT Software needs to quickly join and lead the journey to build a green supply chain. Today, global regulations and standards for sustainable development such as GRI, SASB, CBAM, IPCC, etc. are driving international businesses, especially in Europe and Japan, to pay attention to transparency in emissions reporting. Consequently, establishing a system that allows monitoring data related to the sustainability of the supply chain and planning a roadmap to mitigate carbon footprints will be a prerequisite competitive edge that helps gain more trust and opportunities from major global partners.
Leaders from FPT Software and FPT IS signed a cooperation agreement to deploy VertZéro solution developed by FPT IS.
“Through this project, we expect to aid in FPT Software’s Net Zero strategy in both aspects: develop Net Zero software solutions and support FPT Software to develop solutions that help its customers reduce emissions. As a partner of the Vietnamese Government and companies in reaching the Net Zero 2050 target, FPT IS is currently heavily investing in research and collaborating with leading industry experts and advisors on green transformation solutions for businesses. Armed with a team of key experts in the field of ESG who own deep knowledge of international standards, we are committed to working together with our partners and customers to leverage the power of technology and effectively replicate green transformation projects in Vietnam and across the globe”, Mr. Tran Dang Hoa – Chairman of FPT IS expressed.
Mr. Nguyen Khai Hoan – Deputy General Director of FPT Software stressed: “In 2023, FPT Software received a Silver rating in the survey conducted by EcoVadis, a globally recognized assessment platform that rates businesses’ sustainability. This places the company in the top 12% rated by EcoVadis in the same industry. The implementation of carbon accounting will be an important foundation for us to affirm our commitment to sustainable development as well as become a leading information technology service provider for international partners, thereby enhancing our position in the list of global billion-dollar IT service companies. This also certifies our role as a Vietnamese technology company in the mission of co-creating green transformation, achieving Vietnam’s Nationally Determined Contributions (NDC) goal by 2030.”
Mr. Tran Duc Tri Quang – Chief Data Officer of FPT IS stated: “Carbon accounting is of growing concern to businesses of diverse sizes and types. As a technology company, FPT Software’s operations are currently managed by an information system, which greatly helps to optimize time and synthesize accurate data sources for emissions inventory. However, the biggest challenge for the project is establishing a database of emission factors according to the standards of more than 30 countries, to ensure that emissions reporting for each region is at highest level of accuracy. This will also be an important project that lays a foundation for us to work alongside with Vietnamese businesses in their strategies of meeting green standards, geared towards becoming sustainable organizations.”
Demo of carbon accounting report on VertZéro solution.
With VertZéro, FPT IS aims to comprehensively digitize the process of collecting environmental data, calculating, managing, creating emissions reports, and monitoring the progress of commitment implementation, all while ensuring international standards are met.
Learn more about the VertZéro solution here.
