Vinamilk

VNM:VN VN000000VNM8
Key Information
HQ:
Vietnam
Market Cap:
$6.77bn
Primary Markets:
Asia, Europe & Russia



Company Information

Company Summary

Vinamilk processes, manufactures, and distributes milk cake, soya milk, fresh milk, refreshment drinks, bottled milk, powdered milk, nutritious powder and other milk products. It is the largest dairy company in Vietnam.
Vinamilk

Revenue

Total revenue:

$2.7bn

Revenue by Geography

Revenue by Protein

Revenue by Product Type

Note: This financial breakdown is based on Annual reports released in 2022, containing, in most cases, FY2021.


Disclosures

CDP ScoresLast Reviewed: 11/10/2023

CDP ClimateCDP ForestsCDP Water
NoNoNo

Science Based Target InitiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
Has not set SBT--

Coller FAIRR Protein Producer Index

Analysis Overview

Index-Radar-2023
Greenhouse Gas Emissions Deforestation & Biodiversity Water Use & Scarcity Waste & Pollution Antibiotics Animal Welfare Working Conditions Food Safety Sustainability Governance Alternative Proteins

Analysis Breakdown

Risk Score

25/100
High Risk



Greenhouse Gas Emissions

29/100

Scope 1, 2 & 3 Target
15/100
Type of Target
0/3
Strength of Target - Non-SBT
0.75/2
Source(s): Annual Report 2022, page 100, 119; Sustainable Development Report 2022, page 5, 15, 28, 53, 54, 55, 61

Innovation on GHG Emission Reduction
20/100
Innovation to Reduce Agriculture Emissions
0/1
Feed Farming Innovation
1/2
Animal Farming Innovation
0/2
Source(s): Sustainable Development Report 2022, page 28

Quality of GHG Inventory
40/100
Quality and scope of GHG inventory Completeness
1/1.5
Feed & Animal Farming Emissions
0/2
Transparency of GHG Inventory
1/1.5
Source(s): Annual report 2022, page 47; Sustainable Development Report 2022, page 78, 83

Emissions Performance
70/100
Overall Emission Performance
3.5/5
Source(s): Sustainable Development Report 2022, page 83

Climate-related Scenario Analysis
0/100
Climate-related Scenarios Analysis Conducted
0/1
Disclosure of Analysis Results on Material Risks
0/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s):



Deforestation & Biodiversity

5/100

Deforestation/Conversion-free Target - Soy for Animal Feed
0/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0/3.25
Transparency - Progress Against Commitment
0/1.25
Source(s): Sustainable Development Report 2022, page 42

Engagement, Monitoring & Traceability - Soy for Animal Feed
10/100
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
0/3.25
Feed Innovation
0.5/0.5
Source(s): Annual Report 2022, page 46; Sustainable Development Report 2022, page 37, 39, 42, 58, 64, 65, 66



Water Use & Scarcity

24/100

Water Use & Scarcity in Facilities
38/100
Monitoring Water Consumption & Withdrawals
0.25/0.75
Target to Reduce Water Consumption & Withdrawals
0/1
Disclosure & Performance of Water Risks in Facilities
1.63/3.25
Source(s): Sustainable Development Report 2022, page 68, 70, 78, 82

Water Use & Scarcity in Feed Farming
35/100
Supplier Engagement in Water Use in Feed Farming
0.75/2.5
Disclosure of Water Risks in Feed Farming
1/2.5
Source(s): Annual Report 2022, page 49; Sustainable Development Report 2022, page 28, 39, 42, 64, 65

Water Use & Scarcity in Animal Farming
0/100
Supplier Engagement in Water Use in Animal Farming
0/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): Sustainable Development Report 2022, page 68



Waste & Pollution

23/100

Wastewater at Facilities
45/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.5/1.5
Transparency on Water Pollution Risks
1.25/2
Performance on Wastewater Quality & Volume Discharged
0.5/1.5
Source(s): Sustainable Development Report 2022, page 60, 68, 78, 83

Nutrient Management in Feed Farming
15/100
Supplier Engagement in Nutrient Pollution Risks
0/4
Innovation to Improve Nutrient Management in Feed Farming
0.76/1
Source(s): Sustainable Development Report 2022, page 28, 65

Manure Management in Animal Farming
10/100
Disclosure of Pollution Risks from Manure
0.5/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): Sustainable Development Report 2022, page 61



Antibiotics

0/100

Policy on Antibiotics Use
0/100
Policy on Antibiotics Use
0/5
Source(s): Annual Report 2022, page 49

Disclosure of Quantity of Antibiotics Used
0/100
Disclosure of Quantity of Antibiotics Used
0/5
Source(s):



Animal Welfare

21/100

Animal Welfare Policy
18/100
Welfare Policy
0.5/2
Key Welfare Issues
0.4/3
Source(s): Sustainable Development Report 2022, page 25, 28, 38, 39, 40, 52, 57, 58, 59, 65; Vietnam Dairy Cow One-Member Company Limited Webpage

Assurance & Certification
30/100
Auditing & Assurance by an Animal Welfare Organisation
1.5/4
Public Reporting on Welfare
0/1
Source(s): Sustainable Development Report 2022, page 57, 65

Performance on Key Material Risks
15/100
Performance on Key Material Welfare Risks by Protein
0.75/5
Source(s): Sustainable Development Report 2022, page 41, 59; Vietnam Dairy Cow One-Member Company Limited Webpage



Working Conditions

33/100

Human Rights
10/100
Strength of Policy
0.5/1
Due Diligence Process
0/3
Evidence of Remediation
0/1
Source(s): Code of Conduct 2015, page 14; Sustainable Development Report 2022, page 15, 17, 90

Fair Working Conditions
33/100
Policy for Direct Operations
1.4/3
Monitoring & Discosure
0.25/2
Source(s): Code of Conduct 2015, page 14, 19, 23, 31; Sustainable Development Report 2022, page 12, 17, 47

Safety & Turnover Data
30/100
Committee representation of workers
0.75/2
Disclosure of safety and turnover data
0.75/3
Source(s): Sustainable Development Report 2022, page 6, 35, 45, 46, 86

Freedom of Association
60/100
Strength of Policies
1.5/3
Disclosure of Collective Bargaining Metrics
1.5/2
Source(s): Sustainable Development Report 2022, page 44, 47, 48, 84



Food Safety

64/100

Food Safety System
75/100
Certifications
3/3.5
Performance
0.75/1.5
Source(s): SR 2022, page 35; Sustainable Development Report 2022, page 6, 23, 33, 35, 52, 73

Product Recalls & Market Bans
53/100
Product Recall Systems
2.13/3
Performance
0.5/2
Source(s): Sustainable Development Report 2022, page 22, 35



Sustainability Governance

23/100

Assessment of a Company's Sustainability Governance
23/100
Board Sustainability
0.88/2
Incentives & Policy Engagement
0.25/2.5
Innovation & Benchmarking
0/0.5
Source(s): Annual Report 2022, page 31, 32, 49, 81; Sustainable Development Report 2022, page 17, 18, 19



Alternative Proteins

35/100

Diversification of Products to Alternative Protein Sources
35/100
Existing product portfolio
0.25/2.5
Investing for future growth
1.5/2.5
Source(s): Annual Report 2022, page 8; Plant-Based Milk Webpage; Sustainable Development Report 2022, page 10, 25

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