BIDV and FPT Information System Company Ltd. (FPT IS) - a subsidiary of FPT Corporation - recently signed a Memorandum of Understanding (MoU) to implement digital solutions for greenhouse gas (GHG) emissions inventory and management for enterprises. This marks a significant step in supporting businesses in digital transformation and green transition, fostering sustainable development.

Under the agreement, BIDV and FPT IS will jointly deploy and provide digital solutions for GHG emissions inventory, reporting, and management through the VertZéro platform developed by FPT. This platform enables businesses to optimize their emissions reduction strategies and enhance compliance with both domestic and international environmental regulations. Notably, BIDV’s corporate customers will receive six months of free access to the solution, followed by preferential pricing with discounts of up to 25 percent in the subsequent phase.

Mr. Tran Long, Senior Executive Vice President of BIDV, emphasized:

Through this collaboration, BIDV and FPT wish to support Vietnamese enterprises in their green transition journey, helping them meet international standards and contribute to Vietnam’s Net Zero commitment by 2050.

BIDV is a pioneer in green finance, introducing multiple initiatives to assist businesses in shifting toward environmentally friendly business models. BIDV is the first commercial bank in Vietnam to introduce the “Sustainable Loan Framework,” “Green Bond Framework,” and “Sustainability Bond Framework,” earning a Moody’s SQS2 (Very Good) rating. In 2024, BIDV successfully issued VND2.5 trillion in green bonds and VND3 trillion in sustainability bonds, mobilized nearly VND5 trillion in green deposits, and recorded a green credit portfolio of VND80.8 trillion by year-end. Additionally, BIDV actively collaborates with ADB, the World Bank, MUFG, Standard Chartered, and DZ Bank to secure international funding for green projects in Vietnam.

FPT, leveraging its strengths in digital technology and enterprise management, provides a platform that enables organizations and businesses to seamlessly implement GHG emissions inventory, measurement, and reduction tools. VertZéro is currently Vietnam’s leading GHG emissions inventory platform, supporting businesses in calculating emissions within Scope 1 and Scope 2, formulating reduction plans, and ensuring compliance with international ESG standards. With AI-powered technology and optical character recognition (OCR), the solution enhances efficiency, reduces errors, and gradually aligns businesses with ESG criteria.

According to Vietnamese government regulations, including Decree No. 06/2022/ND-CP dated 7 January 2022 (on GHG emissions reduction and ozone layer protection) and Decision No. 13/2024/QD-TTg dated 13 August 2024 (issuing the list of sectors and facilities required to conduct GHG emissions inventory), a total of 2,166 establishments must complete their GHG emissions inventory and submit reports by 31 March 2025. The partnership between BIDV and FPT will provide enterprises with essential solutions to comply with government regulations, accelerate digital and green transformation, and meet international market standards.