logo-Greenfeed

ESG integration
and implementation

  • ESG INTEGRATION INTO BUSINESS OPERATION

  • STAKEHOLDER ENGAGEMENT

  • MATERIALITY MATRIX

  • PROGRESS OF ESG IMPLEMENTATION OVER 2020- 2022

ESG integration into business strategy

In order to realize business goals and relentlessly create sustainable values for society, GREENFEED has rejuvenated its management thinking and integrated sustainable development goals into business strategy which are considered based on three aspects:

  1. Creating lasting value through investing in the drivers
    of sustainability

  2. Creating shared values

  3. Environmental management

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Stakeholder engagement

SUPPLIERS

The Group always maintains transparency in
the sharing of information as well as the
evaluation and selection process in order to
develop strong partnerships, particularly with
suppliers who play a vital role in assuring the
supply of raw materials, goods, supplies,
and equipment.

GOVERNMENT AGENCIES

The Group takes a proactive
approach to policy
consultation to ensure full
compliance with legal
regulations and obligations
in business operation as well as
responding to local
community development
programs.

EMPLOYEES

The Group always cares and has practical
policies to ensure the cohesion of
employees, create a good and safe
working environment for employees to
have the opportunity to promote their
potential and advance at work.

INVESTORS

In order to provide the most value to
partners, the Group always maintains
flexible exchange and policy
modifications. Forms of exchange,
communication, and involvement have
also been developed in order to record
feedback and better suit the parties'
growing needs.

CUSTOMERS

Consistent with the Group's motto
"Customer First" the Group
promotes the use of technology to
improve the quality of products
and services to ensure the health
and safety of customers; focuses
on quality management of
after-sales service, and constantly
seeks market to improve customer
experience

LOCAL COMMUNITIES

GREENFEED's social responsibility
programs prioritize women, children, and
people in vulnerable situations that require
assistance. This is an important effort to help
construct a better, more sustainable, and
successful community

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The Vietnam Business Council for Sustainable Development (VBCSD) is an organization that brings together leading enterprises in sustainable development, committed to accelerating the domestic sustainable development roadmap
International Finance Corporation is a member of the World Bank Group and global development institution working to promote sustainable development in developing countries, including Vietnam
Partnership for Sustainable Agriculture In Vietnam (PSAV) enforces new visions for agriculture
PIC is a global leading company in gene marking technology, providing gene solutions that ensure productivity and profit for pig producers
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ESG management and material topics

Material topics are analyzed based on their impact on business operation across value chain, from
raw materials, animal feed, farm operation, food processing, to product distribution.
MATERIALITY MATRIX IMPACT ON DECISIONS OF STAKEHOLDERS ECONOMIC, ENVIRONMENTAL AND SOCIAL IMPACT ON GREENFEED Low Medium High Critical Low Medium High Critical 9 8 5 6 7 1 2 3 4 18 15 17 16 10 11 12 14 13 19
Material topics are categorized into economic, environmental, and social pillars to fully reflect
stakeholders’ levels of interests; adding topics of indirect economic impact, assessment of
suppliers’ performance on social, environmental animal welfare management. Material topics are
referenced with the United Nations' 17 Sustainable Development Goals (SDG).
STRATEGIC
PILLARS
KEY MATERIAL TOPICS
REFERENCE
TO 17 SDGs
SUPPLY CHAIN
Raw
Materials
Production
Distribution
Consumer
SUSTAINABLE
ECONOMY
AND SUPPLY
CHAIN
1Direct economic impact
2Indirect economic impact
3Sustainable sourcing
4Ethics and integrity
5Digital transformation
6Consumer health & safety
7Quality assurance
8Animal welfare
9Production optimization
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SUSTAINABLE
WORKFORCE
AND
COMMUNITY
15Employment and benefits
16Training and education
17Diversity and inclusion
18Occupational health and safety
19Community development
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SUSTAINABLE
ENVIRONMENT
10Raw materials
11Energy and emission
12Waste
13Water and wastewater
14Environmental compliance
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High
Medium
Low
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