STRATEGIC APPROACH

  • Stakeholder engagement & consultation

  • Materiality assessment

  • Sustainability strategic priorities

  • Roadmap to 2030 sustainable goals, vision to 2050

STAKEHOLDER ENGAGEMENT
& CONSULTATION

GREENFEED ensures engagements of stakeholders, such as Shareholders, Investors, Suppliers, Employees, Government agencies and Local Communities are based on mutual respect and understanding. To establish dependable and long-lasting partnerships, the Group promotes accountability through open communication and ensures that interests of all parties are aligned.

1. IDENTIFICATION

Identify internal and
external stakeholders
who have direct and
indirect influence
on the Group's
operations.

2. PRIORITIZATION

Prioritize stakeholders
according to their
impact on the business
and vice versa.

Develop consultation
plans with the most
important stakeholders,
based on ratings.

3. CONSULTATION

Departments undertake
consultations according
to the strategies and
procedures for obtaining
feedbacks from
stakeholders.

Identify key issues and
solutions with timely
action plans.

4. CONSIDERATIONS

Evaluate stakeholder’s
feedback and concerns.

Continually modify and
enhance performance
from time to time.

Throughout the Group’s day-to-day business operations and decision-making processes, we identify and handle issues that reflect stakeholder expectations in order to enhance our strategy. We established a communication process that facilitates the formation and maintenance of partnerships with Shareholders, Investors, Suppliers, Employees, Government agencies, and Local Communities based on mutual understanding, respect, and cooperation.

Partners, Investors

In respect of our partners, the Group has always maintained communication with partners, promptly and flexibly adjusted policies in order to deliver the best values to our partners. In addition, forms of discussion, communication and engagement with partners are enhanced so that GREENFEED can collect their feedback and better meet their increasing demands.

Customers

In respect of our customers, GREENFEED adheres to the philosophy “The customer comes first”. It is reflected in our efforts of product and service improvement in order to ensure the health and safety of customers . Particularly, GREENFEED has invested in after-sales services, new technologies, and has consistently sought to improve the customer experience.

Suppliers

Regarding our suppliers, GREENFEED ensures transparency in the communication and pitching evaluation process. The group focuses on strengthening relationships with key partners who supply main raw materials, goods and services as well as facilities for production and other commercial activities.

Employees

GREENFEED defines human capital as a valuable asset and a foundation for sustainable development. Therefore, the Group has implemented practical policies to encourage employee retention and provide a healthy work environment that helps unlock employee’s full potential.

Government agencies

In respect of government agencies, the Group proactively consults with experts on policies to ensure that its business operations comply with applicable laws. In addition, local governance consultation also enables GREENFEED to better respond to community programs.

Local community

In respect of the local community, the Group prioritizes the health and well-being of women, children and underprivileged individuals. For instance, “Tiep Suc Nha Nong” (Empowering Farmers) program focuses on enhancing the livelihoods of rural women farmers across the country, or the “Bua An Tron Ven” (Meals of Smiles) program provides nutritional support for children.

MATERIALITY ASSESSMENT

GREENFEED considers the identification of material topics,
which is based on the most recent requirements and expectations of stakeholders,
to be a foundation for controlling risk and seizing new opportunities. Thereby,
GREENFEED has evaluated and updated its assessment of material areas that
reflect evolving trends across the Group’s value chain. Each area is
assessed according to its impact on business operations and stakeholders.

Materiality matrix

Medium LowMedium Economic, environmental and social impact on the society and impact to GREENFEED Influence on the decision by the stakeholders HighCriticalHighCritical 1 2 6 4 5 9 7 8 10 11 12 13 14 15 16 17 18 19 20
STRATEGIC PILLAR
Material topic
REFERENCE
TO THE 17 SDGs
BOUNDARIES
FEED
FARM
FOOD
AQUA

Sustainable business growth

Sustainable product

Sustainable environment

Sustainable workforce

Sustainable community

SUSTAINABLE STRATEGIC PRIORITIES

GREENFEED establishes a sustainability strategy based on stakeholder
engagement in the following aspects:
  • Creating long-standing values through investing in the drivers of
    sustainability
  • Creating and upholding shared principles
  • Managing environmental impacts
Understanding the challenges of agriculture, especially the livestock sector, GREENFEED has fully assessed the environmental impacts and implemented technical solutions for closed substance cycle waste management, recycled waste into production inputs by utilizing natural cycles, contributing to resources conservation and climate change adaptation.

ROADMAP TO 2030 SUSTAINABLE GOALS,
VISION TO 2050

• Net Zero • Renewable energy: 70% • Reduce plastic packaging: 80% • Integrate circular economymodel into the supply chain • Fast manufacturing • Renewable energy: 35% (Feed, Farm, Food) • Carbon emissions reduction: 40% • • LTIFR <0.06 (-90%) • Female leaders: 40% • Reach the goal of planting 1,000,000 trees • Reduce plastic packaging: 60% (Feed); 50% (Food) Zero-waste manufacturing (CTR) • Reduce plastic packaging: 40% (Feed); 20% (Food) • Electric Forklift: 100% • Renewable energy: 30% (Feed), 20% (Farm, Food) • Carbon emissions reduction: 20% • Solid waste recovery: >90% (Feed, Farm, Food) • LTIFR <0.31 (-50%) • Female leaders: 20% • Plant 400,000 trees • Renewable energy: 25% (Feed), 10% (Farm, Food) • Carbon emissions reduction: 10% • E&S assessment: 100% of supplier • LTIFR <0.37 (-40%) • Plant 300,000 trees • Solid waste recovery: >90% (Feed, Farm), 75% (Food) • Reduce plastic packaging: 30% (Feed); 15% (Food) • Reduce plastic packaging: 20% (Feed); 5% (Food) • Renewable energy: 25% (Feed), 5% (Farm, Food) • Carbon emissions reduction: 5% • Solid waste recovery: >90% (Feed, Farm), 50% (Food) • E&S assessment: 50% of supplier • LTIFR <0.43 (-30%) • Animal welfare: 300 sows • Plant 200,000 trees 3 • Reduce plastic packaging: 10% (Feed); 2% (Food) • Renewable energy: 25% • Solid waste recovery: >90% (Feed, Farm), 25% (Food) • E&S assessment: 20% of supplier, LTIFR <0.5 (-20%) • L TIFR < 0 .5 (-20%) • Kick off the 1 million green trees for Vietnam program until 2030: 50,000 trees/2022 • Support 330 households and provide 2,000 scholarships, 2,000,000 meals • Develop sustainability strategy • Identify strategic priorities foreach segment over the period of 2022-2025, a vision to 2030
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