MB Bank receives ISO 14064-1 certification for greenhouse gas inventory report built on FPT’s VertZéro platform
Military Commercial Joint Stock Bank (MB Bank) has officially received ISO 14064-1 certification from SGS Vietnam for its organizational-level greenhouse gas inventory report. The report is built on data collected, managed and automatically generated from VertZéro, a greenhouse gas inventory management platform developed and deployed by FPT across the bank’s system.
VertZéro emissions management platform supports MB Bank in obtaining ISO 14064-1 certification.
With the goal of standardizing greenhouse gas inventory practices in line with international standards and building a data foundation to support its sustainable development strategy, MB Bank implemented emissions accounting across its entire system. The bank collected and standardized data to calculate and report Scope 1 and Scope 2 emissions based on internationally recognized methodologies such as the GHG Protocol and ISO 14064-1.
During the implementation process, MB Bank worked with FPT to develop a technology platform supporting emissions data management. Based on this system, the bank’s report met the requirements of the ISO 14064-1 standard and was verified and certified by SGS Vietnam according to international practices.
ISO 14064-1 is an international standard that sets principles and requirements for quantifying, managing and reporting greenhouse gas emissions at the organizational level. Achieving the certification demonstrates that MB Bank’s inventory system meets key requirements for accuracy, consistency, transparency and data traceability — criteria that are increasingly important as emissions data becomes closely linked to ESG assessments, credit ratings and access to green financing.
MB Bank receives ISO 14064-1 certification for its greenhouse gas inventory report built on FPT’s VertZéro platform.
The greenhouse gas inventory project at MB Bank began in April 2025 and was implemented through a structured three-phase roadmap. The first phase focused on consulting on inventory methodology based on ISO 14064-1 standards, defining emission boundaries and building a data structure aligned with the bank’s operational characteristics.
In the second phase, the VertZéro software developed by FPT was deployed across the entire banking system to standardize data input processes and centralize data management on a unified platform. Once the system operated stably, emissions data was consolidated and reports were generated following international reporting structures, providing the basis for SGS Vietnam to conduct independent verification before granting certification.
This initial phase focuses on Scope 1 and Scope 2 emissions accounting, enabling MB Bank to build a comprehensive, consistent and traceable emissions dataset while establishing a roadmap for emissions reduction aligned with its sustainable development strategy and long-term Net Zero goals. Through the adoption of VertZéro, MB Bank has established a centralized system for collecting, standardizing, calculating and reporting emissions across its entire network, synchronizing emission factors according to international standards and enhancing the accuracy and transparency of Scope 1 and Scope 2 reporting.
Greenhouse gas inventory data is collected and automatically reported on the VertZéro platform, ready for verification by SGS Vietnam.
This process demonstrates that emissions data is not only recorded internally but also managed through a digital platform that ensures completeness and traceability, before being independently verified in accordance with global standards. MB Bank’s certification therefore represents not only a technical milestone but also a shift from internal environmental data management to independently verified disclosure — an important foundation for strengthening climate risk management and building trust among investors and partners both domestically and internationally.
Prior to the implementation, the bank’s electricity, fuel and asset consumption data were scattered across branches in multiple storage formats, making consolidation, verification and consistency difficult. The inventory process relied heavily on manual operations, creating risks of data discrepancies and requiring significant resources. By adopting the VertZéro platform, MB Bank has established a centralized system for collecting, standardizing, calculating and reporting emissions across the entire organization, aligning emission factors with international standards and improving the accuracy and transparency of Scope 1 and Scope 2 reports. This also forms a key foundation for the bank to develop its emissions reduction roadmap toward 2030 and long-term Net Zero targets.
At the event, Tran Thi Bao Que, member of the Executive Board of Military Commercial Joint Stock Bank, said: “The ISO 14064-1 certification confirms that MB Bank’s emissions inventory system meets international standards for transparency and independent verification. This is an important foundation for strengthening the bank’s climate risk management while gradually enhancing its data system to support its sustainable development strategy.”
According to Que, building an emissions data system capable of independent verification will help MB Bank strengthen its ESG governance capabilities while facilitating access to green financing sources and meeting the increasingly stringent requirements of international organizations, investors and partners.
FPT supported MB Bank in deploying the technology platform to collect, standardize and manage emissions data across the entire system. VertZéro, developed by FPT, enables enterprises to automate data consolidation, calculate emissions based on international methodologies and generate reports following standardized structures. In Vietnam, the platform has been deployed in several enterprises across manufacturing, finance and service sectors to support emissions accounting and sustainable development planning.
MB Bank representatives acknowledge FPT’s technology capabilities, highlighting its important contribution to the bank’s ISO 14064-1 certification from SGS Vietnam.
As Vietnam moves forward with its commitment to achieving Net Zero emissions by 2050 and prepares for the launch of a carbon market expected to operate from 2028, transparency and verification of emissions data are becoming increasingly important standards for businesses and financial institutions. By implementing greenhouse gas inventory practices across its system and obtaining international verification, MB Bank is gradually building a transparent emissions data foundation that enables proactive climate risk management while contributing to the country’s broader green transition.
