PVTrans Publishes 2025 Greenhouse Gas Emissions Report in Commitment to Net Zero by 2050
PetroVietnam Transportation Corporation (PVTrans) has officially released its Greenhouse Gas (GHG) Emissions Report for 2025, marking a significant milestone in the company's journey toward achieving net zero emissions by 2050. The report has been independently verified by BSI Assurance UK Ltd, underscoring PVTrans's commitment to transparency and rigorous emission management practices.
Net Zero Commitment - Strategic Priority for PVTrans
As a subsidiary of Vietnam Oil and Gas Group (PetroVietnam), PVTrans has established net zero emissions as one of its top strategic priorities. The regular publication of greenhouse gas emission reports not only demonstrates the company's environmental responsibility but also serves as evidence of its compliance with international emission management standards.
Mr. Nguyen Van Dung, Chairman of the PVTrans Members' Council, emphasized: "The publication of independently verified GHG emission reports is an integral part of PVTrans's sustainable development strategy. We are committed to transparency in all our operations and continuously strive to minimize our environmental impact."
Details of the 2025 Greenhouse Gas Emissions Report
PVTrans's 2025 Greenhouse Gas Emissions Report provides a comprehensive overview of emissions from the company's business operations, including oil and gas transportation, logistics services, and other supporting activities. The report has been prepared using the Climate Reporting Initiative (CRI) framework and other international standards.
According to the report, PVTrans's total greenhouse gas emissions for 2025 reached 33.5 million tons of CO2 equivalent, representing a 7.5% reduction compared to 2024. This figure demonstrates the company's positive efforts in minimizing its environmental footprint.
| Emission Type | 2024 (million tons CO2eq) | 2025 (million tons CO2eq) | Change (%) |
|---|---|---|---|
| Direct Emissions (Scope 1) | 15.2 | 14.1 | -7.2% |
| Indirect Emissions (Scope 2) | 8.7 | 7.9 | -9.2% |
| Other Emissions (Scope 3) | 12.3 | 11.5 | -6.5% |
| Total | 36.2 | 33.5 | -7.5% |
Independent Verification Process
A key highlight of the report is its independent verification by BSI Assurance UK Ltd, one of the world's leading certification bodies. This verification process ensures the accuracy, reliability, and transparency of the disclosed emission data.
BSI Assurance UK Ltd conducted a comprehensive audit of PVTrans's emission calculation, measurement, and reporting methods in accordance with ISO 14064-1 standards and other international frameworks. The verification confirmed that PVTrans's emissions report fully complies with requirements for transparency and reliability.
Emission Reduction Strategy
To achieve its net zero target by 2050, PVTrans has implemented numerous initiatives and strategies for emission reduction, including:
- Modernizing the transportation fleet by equipping vessels with fuel-saving and emission-reducing technologies
- Investing in renewable energy for port operations and infrastructure
- Implementing energy management programs at operational facilities
- Developing and applying green logistics solutions to reduce emissions in the supply chain
- Enhancing awareness and emission management capabilities for all employees
Importance of GHG Emissions Reporting
The greenhouse gas emissions report serves not only as a tool for PVTrans to measure and manage its business operations but also as evidence of the company's commitment to stakeholders, including investors, customers, regulatory authorities, and the community.
Ms. Tran Thi Mai, Head of Sustainable Development at PVTrans, stated: "The GHG emissions report is a crucial tool that helps us identify emission hotspots and develop appropriate solutions. The publication of an independently verified report demonstrates PVTrans's commitment to corporate responsibility and sustainable development."
Future Vision
In the coming years, PVTrans aims to continue reducing greenhouse gas emissions at an accelerated pace. The company is researching and applying advanced technologies such as clean fuels, hydrogen-powered vessels, and smart logistics solutions to minimize environmental impact.
The release of the 2025 GHG emissions report marks an important milestone in PVTrans's net zero journey. With strong commitments and concrete actions, PVTrans is progressively realizing its goal of becoming a green and sustainable oil and gas transportation enterprise in Vietnam and the region.
For more detailed information about PVTrans's 2025 Greenhouse Gas Emissions Report, please visit the company's official website.