FPT Committed to Sustainable Development in accordance with ESG Standards

FPT has made its inaugural disclosure of a separate ESG report, affirming that ESG initiatives amplify the core values and pursue the mission of establishing a resilient, enduring, and joyful global corporation. FPT places significant emphasis on ESG orientation and priorities, which are integral to the Corporation's development strategy, underscoring FPT's roles and responsibilities to key stakeholders. Particularly noteworthy, the Corporation has unveiled its commitments and sustainable development goals across four key aspects: Excellent Governance, World-Class Working Environment, Environmental Sustainability, and Community Development.

FPT affirms that ESG initiatives amplify the core values and pursue the mission of establishing a resilient, enduring, and joyful global corporation.

FPT's sustainable development is founded upon internationally recognized governance practices

Utilizing standard management processes is essential for the Corporation to uphold compliance and efficiency in pursuing sustainable development objectives, bolstering its competitiveness and stature, and delivering value to stakeholders.

In 2023, FPT persisted in advancing the adoption of management methodologies utilizing Objectives and Key Results (OKRs) across the Corporation, aiming to align individual objectives with each department's/subsidiary's/Corporation's goals. This approach ensures alignment with the overarching strategy and direction, enhancing operational efficiency and labor productivity.

The objectives and results of the Corporation, subsidiaries, departments, and individual employees were reported, updated, tracked, and periodically evaluated using the OKRs management tool for precise measurement. The degree of individual goal-setting completion rates ranged from 95% to 97% across various periods.

In 2023, 42 internal digital transformation projects facilitated savings of 617 billion VND. According to FPT CEO Nguyen Van Khoa, vertical functional management and centralized data management serve as the "backbone" and foundation for FPT's optimization of management and operations, enhancement of operational efficiency, and fostering of sustainable growth.

Moreover, the Corporation's activities, as well as each core activity area, also adhered to and attained prestigious international standard certifications.

Pioneering in creating a world-class, joyful working environment

With a workforce operating on a global scale, FPT has harnessed the intelligence and capabilities of diverse talent, solidifying its status as a global corporation. Renowned not only for its technological prowess but also for pioneering a sophisticated and enriching work environment, FPT prioritizes employee well-being. Moreover, to address regional economic and employment disparities, the Corporation fosters equal employment opportunities for ethnic minority employees. FPT remains committed to upholding labor laws, ensuring compliance, and prohibiting the employment of individuals under the age of 18.

In 2023, amidst widespread market challenges and a global trend of major corporation layoffs, FPT remained steadfast in its ability to attract and provide optimal conditions for talent development on a global level. Notably, FPT's workforce, encompassing employees from 8 subsidiaries, expanded by 13.6% compared to the previous period.

FPT was honored with the prestigious "Best Place to Work" certification by Great Place to Work®, the leading authority on workplace culture globally. An impressive 87% of FPT employees regard the company as a "Great Place to Work," significantly surpassing the average of 53% among global companies. Notably, FPT received the highest ratings from employees in several key areas, including the fairness index, friendly work environment, employee pride index for the collective, colleague engagement index, and leadership satisfaction index. This achievement is a differentiating factor attributed to FPT's enduring commitment to its core values encapsulated in the six words: "Respect - Innovation - Cohesion - Equality - Exemplarity - Lucidity," which continues to be upheld after 35 years.

FPT is dedicated to minimizing its environmental footprint

A holistic approach to sustainable development encompasses not only benefiting employees and the community through business activities but also prioritizing environmental stewardship. FPT has implemented various measures to reduce energy consumption and greenhouse gas emissions. These include installing solar power systems, minimizing the use of stationery supplies, digitizing documents and data, and promoting the conservation of electricity and water.

At FPT, 100% of waste is classified at source, with 100% of hazardous waste being identified and managed in compliance with regulations. Furthermore, FPT's amount of recyclable waste reached more than 17.7 tons in 2023.

In 2023, FPT unveiled a roadmap, pledging to reduce emissions and foster sustainable green development nationwide. FPT's environmental focus includes (1) Compliance with the law, (2) Effective management of energy consumption, emissions, and waste, and (3) Creating a sustainable workplace.

Committed to mitigating the impact of greenhouse gas emissions, FPT aims to achieve Net Zero emissions by 2040 and positively influence the living, working, and learning environments of over 1 million workers by 2035.

FPT leverages its strengths to drive community development initiatives

Over the past 35 years, FPT has remained steadfast in its commitment to sustainable development, placing a strong emphasis on people-centered initiatives and prioritizing community support leveraging its technological strengths. Consequently, FPT dedicates significant resources to human capital development and educational support for the younger generation.

The Corporation upholds the belief that compassion and a spirit of sharing are fundamental to societal progress. Each year, FPT employees actively engage in various sustainable development endeavors, ranging from volunteering with the Corporation to making financial contributions, all aimed at advancing community welfare and fostering national well-being.

In 2023, FPT engaged in several noteworthy initiatives, including continuing the "Nurture Hope" program for children at Hope School. Additionally, FPT organized the inaugural global-scale "Happy Run - Happy Footprints" race to foster philanthropy and raise funds for charity. The event attracted 191.000 participants and raised 3,6 billion VND, which was utilized to construct school facilities in underserved areas. In collaboration with the Hope Foundation, FPT completed the construction of 350 bridges in the Mekong Delta region, positioning them as the leading contributors to bridge construction in Vietnam.

The "Happy Run" race raised 3,6 billion VND, which was used to construct school facilities in underserved areas.

The community outreach initiatives undertaken by FPT contribute to the pillars of governance, working environment, and environmental activities, enhancing the Corporation's overall strength. "For us, ESG initiatives create more strength for FPT to amplify the core values and pursue the mission of establishing a resilient, enduring, and joyful global corporation," affirmed FPT Executive Vice President, Mr. Nguyen The Phuong.

Explore and delve into the FPT ESG Report HERE.