Green Development: A Solution to Post-Covid Recovery for Businesses

10:57:45 AM | 5/11/2022

At the 2022 Green Economy Forum, with the theme “Post-pandemic Adaptation and Development”, all speakers agreed that ‘Green Development’ is a solution that coincides with future development trends, helping businesses find their way out of the Covid-19 crisis.

According to statistics, the number of enterprises temporarily suspending operations in 2021 totaled 54,960, an increase of 18% compared to 2020. The majority of those businesses had been operating for less than five years. This partly reflects the impact of the Covid-19 pandemic on the overall economic situation.

"Clearly, the Covid-19 pandemic has two sides, causing socio-economic losses as well as damage to human lives, but it really opens a new opportunity to restructure the economy," said Pham Binh An, Deputy Head of Ho Chi Minh City’s Institute of Development Studies.

Accordingly, in the post-Covid-19 period, investment in green development will help businesses demonstrate their commitment, efforts and responsibility to the government as well as society, thereby ensuring more long-term benefits.

Present in Vietnam since 1993 as an alloy-coated steel producer – an industry typical of large energy consumption – NS Bluescope Vietnam has always been a pioneer in the practice of "green" production activities with a carbon ​​neutrality vision by 2050.

To achieve this ambition, NS BlueScope Vietnam acts with initiatives focusing on replacing fossil fuels with renewable energy and alternative sources. “First, we focus on our internal resources, simply by improving technology and operational efficiency,” said a representative of NS BlueScope Vietnam about its “green” production journey.

The representative of NS BlueScope Vietnam shares about the company's “green” production journey with a carbon neutrality vision by 2050

Due to the specificity of the industry, steel manufacturing companies always require molten metal pots to operate continuously. This is a significant source of energy consumption and carbon emissions. This Australian alloy-coated steel manufacturer has chosen to arrange seamless and continuous production to limit machine downtime during maintenance, thereby reducing carbon emissions.

“Next, we invested in inverters, improved cooling systems and automation systems, down to the smallest objects, such as the changing LED lights to be more environmentally friendly,” said the representative.

As a result, within just five years, this business has reduced 2,873 tonnes of CO2. After successfully reducing CO2 emissions across the entire plant, NS BlueScope Vietnam continues to invest in rooftop renewable energy to move towards the goal of reducing carbon emissions by 30% per ton of finished steel products.

These efforts have been recognized by prestigious organizations. Recently, the Singapore Green Building Council has granted Green Label certification for premium steel applied in the industrial and civil segments and exclusively for sandwich panels of NS BlueScope Vietnam, such as COLORBOND® steel, ZINCALUME® steel, SUMO™ Antifading, COLORBOND® For Panel, SUMO™ For Panel and BlueScope Zacs®. This is also the first and only enterprise in the alloy-coated steel industry to receive this certification.

NS BlueScope Vietnam is the first and only enterprise in the alloy-coated steel industry to receive Green Label certification from Singapore Green Building Council

Many green projects choose NS BlueScope Vietnam's alloy-coated steel for their factories. These include projects such as the Jotun Vietnam factory (Nha Be, HCM), SLP factory (Hai Phong), Canifa factory (Hung Yen), Coca-Cola (HCM), DBW garment factory (Long An), Tainan textile factory (Long An), Danapha factory (Danang)…

CANIFA Van Giang Complex has chosen to use alloy-coated steel and solutions from NS BlueScope Vietnam

Besides, what makes NS BlueScope Vietnam's green development strategy special is that the company not only orients towards sustainable development for its business but also for the entire supply chain.

Recently, the company announced the Responsible Sourcing program for the 2022 – 2030 period and the strategy to combat climate change in the supply chain to 2050. “Our responsible sourcing is already in line with strict ethical standards and social responsibility. With the new program, we have added a 30% reduction in carbon emissions to our chain of 35 steelmaking material suppliers,” said a representative of NS BlueScope Vietnam.

Previously, a member of NS BlueScope Vietnam, NS BlueScope Lysaght signed a strategic cooperation agreement in the field of energy balance with GSB – a supplier of steel structure solutions with over 10 years of experience, and GreenViet – one of the first green building consultants in Vietnam. With this cooperation, the three companies are expected to provide the industry with a full package of energy-balanced architectural solutions from design and consultation to construction.

With many efforts in place to realize the carbon-neutral vision by 2050, NS BlueScope Vietnam is a typical example of green development, moving towards a circular economy in Vietnam.

D.A (Vietnam Business Forum)