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| Greenhouse gases (GHGs) are gaseous constituents of the atmosphere, including carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and sulphur hexafluoride (SF6). The unit used to measure greenhouse gases is carbon dioxide equivalent, abbreviated as CO2e. From 2024 onwards, businesses will carry out facility-level greenhouse gas inventories and prepare a facility-level greenhouse gas inventory report every 2 years, submitting it to the provincial People’s Committee for appraisal before it is sent to the Ministry of Natural Resources and Environment. |
Businesses must be able to identify and manage the risks related to their GHG emissions to ensure long-term success in a competitive business environment and to comply properly with legal policies.
B. Legal regulations on greenhouse gas inventory for businesses
1. Law on Environmental Protection 2020 (Law No. 72/2020/QH14)
Since 1 January 2022, when the Law on Environmental Protection 2020 (Law No. 72/2020/QH14) took effect, businesses on the List of greenhouse gas emitting facilities have been required to carry out a greenhouse gas inventory.
2. Under Circular No. 96/2020/TT-BTC
Section 2, Article 10 of Circular No. 96/2020/TT-BTC guiding information disclosure on the securities market, effective from 1 February 2021, covers reporting on greenhouse gas emissions in the Annual Report of public companies. The financial information in the annual report must be consistent with the audited annual financial statements”.
In addition, Section 6, Part II of Appendix IV sets out further reporting requirements, including:
- Total direct and indirect greenhouse gas (GHG) emissions
- Measures and initiatives to reduce greenhouse gas emissions.
C. Services provided by NGO
Climate change is having, and will increasingly have, a major impact on the business operations of all companies in every country in the world. Business owners, investors and financial institutions need to consider ESG (Environmental – Social – Governance) values and sustainability in their investment decisions.
Businesses with large GHG emissions and an obligation to reduce them will have 02 options: (1) invest in their own solutions to reduce GHG emissions at their facilities; and/or (2) trade on the ETS and the carbon market.
As a provider of environmental solutions, including solutions for COMBATING CLIMATE CHANGE, NGO offers the following services:
- Measurement and inventory of greenhouse gas (GHG) emissions at businesses
- Consulting on and developing GHG emission reduction solutions for production and business operations
- Advising and supporting businesses in complying with legal requirements on GHG inventory and emission reduction
We are committed to working alongside businesses to turn Risks and environmental and GHG issues into a Competitive Advantage in today’s business environment.
Businesses interested in our greenhouse gas inventory and emission reduction service are welcome to contact NGO by phone at +84 24 7300 0890 or by email: office@8ngo.com for direct consultation
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