Page 31 - V.E.T 349

CA MAU FERTILIZER

SOCIAL RESPONSIBILITY KEY TO BUSINESS

Accolades have come for Ca Mau Fertilizer for its CSR activities and
sustainable development goals.

O n November 15, the PetroVietnam Ca Mau Fer-
tilizer Joint Stock Company (HoSE: DCM) was
promoted as a business for the community at
the Saigon Times CSR 2003 awards in Ho Chi Minh
City, with the theme “Sustainable development and
beyond”. This is encouragement for and recognition
of Ca Mau Fertilizerʼs efforts to implement sustain-
able development goals.
At Ca Mau Fertilizer, social responsibility is like
a thread running through its production and busi-
ness activities. The company has been implement-
ing corporate social responsibility (CSR) activities
consistently and has become a cultural identity in
the market. In addition to CSR, the company has
also been researching environmental, social, gov-
ernance (ESG) criteria, which is considered a more
specific CSR activity.

INTEGRATING ESG INTO BUSINESS
DEVELOPMENT STRATEGIES
As a subsidiary of the Vietnam Oil and Gas
Group (PetroVietnam), Ca Mau Fertilizer was one
of the first to begin researching and integrating ESG and above all, the company absolutely complies tion to being given fertilizer for practical experience,
criteria into its development strategies. with regulations on workplace safety. Furthermore, thousands of farmers have been equipped with
It has is continuously researched, improved, its Board of Directors are transparent and respon- smart farming knowledge through these programs,
and offered energy saving solutions. In 2022, it was sible and manage risks well. contributing to the development of sustainable
listed in the top 10 per cent of plants with the lowest green agriculture.
energy consumption in the world, as ranked by Hal- INCREASING ESG ACTIVITIES Regarding social security activities, in 2023 the
dor Topsoe. The company also invested in advanced Over its 12 years of development, the com- company continues its journey of sowing trust and
technology to minimize environmental impacts and panyʼs CSR activities have become increasingly new vitality in all regions. Education and healthcare
reduce emissions, deployed and promoted many clear, comprehensive, and profound, and been re- are still its top two priority areas. After a decade of
programs aimed at reducing the amount of chem- flected in its environmental, social, and internal cor- serving the community, the company is happy and
ical fertilizers in fields, and paid due regard to cli- porate factors. proud of the value of its contribution, including
mate change and researching sustainable energy. Ca Mau Fertilizer actively implements pro- 1,485 houses given to the poor and people with
The lives of employees at Ca Mau Fertilizer are grams to guide farming techniques to help farmers meritorious service to the country; 10,000 schol-
comprehensively taken care of, from the physical use products correctly, reduce the amount of fer- arships to students at all levels; 56 school and li-
to the mental and from the material to the spiritual, tilizer, and improve production efficiency. In addi- brary projects; 13 medical projects; 22 bridges; the
rural road network; and caring for Vietnamese
Heroic Mothers.
Its spirit of sharing is affirmed through such
programs as providing essential supplies during the
pandemic and the annual storm and flood season,
sharing the burden with patients in difficulties, and
providing books and learning tools for students in
poor areas.
For the second year in a row, Ca Mau Fertilizer
has been honored as a business for the community,
creating motivation for it to remain steadfast and
persistent on the path to development, making
Vietnamese agriculture more sustainable and more
prosperous. %

en.vneconomy.vn DECEMBER 2023 | VIETNAM ECONOMIC TIMES | 45