Overview of the Sustainable
Development Report

EVNGENCO3’s Sustainable Development Report is prepared annually on a regular basis to present and disclose official information regarding the objectives, orientations, and activities that the Corporation has implemented during the year.It also helps EVNGENCO3 balance its operational plans in subsequent financial years. The SDR also serves as a reliable bridge between EVNGENCO3 and its stakeholders by reporting publicly and transparently, thereby increasing trust and deepening the commitment to the Corporation’s sustainable partnership with stakeholders.

1. APPLIED STANDARDS

EVNGENCO3’s 2024 Sustainable Development Report applies the international set of Sustainability Reporting Standards (GRI Sustainability Reporting Standards) issued by the Global Sustainability Standards Board (GSSB) in 2016, adjusted in 2021. The report is prepared in accordance with the GRI Standards: Core option.

In addition, EVNGENCO3 also references the Company’s performance against the 17 United Nations Sustainable Development Goals (SDGs) to gain an overview and comprehensive understanding of EVNGENCO3’s contributions to the sustainable development process in Viet Nam.

3. REPORT SCOPE

The report was conducted in Viet Nam, in the electricity sector, for the operations of the entire Power Generation Corporation 3 – JSC.

4. REPORTING PERIOD

The information and data in the report are updated for the financial year 2024 of Power Generation Corporation 3 – JSC, starting from January 1, 2024, and ending on December 31, 2024.

6. CONTACT INFORMATION 

Any feedback related to sustainable development issues, please send to the website address: https://www.genco3.com/ (Contact section)

1. APPLIED STANDARDS

EVNGENCO3’s 2024 Sustainable Development Report applies the international set of Sustainability Reporting Standards (GRI Sustainability Reporting Standards) issued by the Global Sustainability Standards Board (GSSB) in 2016, adjusted in 2021. The report is prepared in accordance with the GRI Standards: Core option.

In addition, EVNGENCO3 also references the Company’s performance against the 17 United Nations Sustainable Development Goals (SDGs) to gain an overview and comprehensive understanding of EVNGENCO3’s contributions to the sustainable development process in Viet Nam.

2. REPORT CONTENT

EVNGENCO3’s 2024 Sustainable Development Report includes information related to management approaches, operational performance, and the Corporation’s goals and strategies for key topics identified through the process of analyzing and evaluating significant impacts based on the GRI 2021 Standards; EVNGENCO3’s commitments, achievements, and the extent to which these commitments address stakeholder concerns are also included.This aims to clearly depict the overall picture of EVNGENCO3’s operations during the year, thereby helping the Corporation formulate sustainable business strategies for the future.

3. REPORT SCOPE

The report was conducted in Viet Nam, in the electricity sector, for the operations of the entire Power Generation Corporation 3 – JSC.

4. REPORTING PERIOD

The information and data in the report are updated for the financial year 2024 of Power Generation Corporation 3 – JSC, starting from January 1, 2024, and ending on December 31, 2024.

5. THIRD-PARTY ASSURANCE  

For the 2024 Sustainable Development Report, EVNGENCO3 did not conduct external assurance. However, the information and content of the report still ensure accuracy, clarity, and verifiability through the confirmation of domestic and international organizations as follows :
• EVNGENCO3’s financial statements are audited by Deloitte Viet Nam Audit Company Limited.
• Environmental monitoring results, product and material assessments, occupational safety, legal compliance assessments, etc., are all carried out by competent state agencies or designated and licensed by regulatory authorities, and are periodically inspected by regulatory authorities.
• EVNGENCO3’s evaluation results and awards are granted by reputable organizations such as the Top 20 Best Annual Reports – non-financial sector group.

6. CONTACT INFORMATION 

Any feedback related to sustainable development issues, please send to the website address: https://www.genco3.com/ (Contact section)

2. REPORT CONTENT

EVNGENCO3’s 2024 Sustainable Development Report includes information related to management approaches, operational performance, and the Corporation’s goals and strategies for key topics identified through the process of analyzing and evaluating significant impacts based on the GRI 2021 Standards; EVNGENCO3’s commitments, achievements, and the extent to which these commitments address stakeholder concerns are also included.This aims to clearly depict the overall picture of EVNGENCO3’s operations during the year, thereby helping the Corporation formulate sustainable business strategies for the future.

5. THIRD-PARTY ASSURANCE  

For the 2024 Sustainable Development Report, EVNGENCO3 did not conduct external assurance. However, the information and content of the report still ensure accuracy, clarity, and verifiability through the confirmation of domestic and international organizations as follows :
• EVNGENCO3’s financial statements are audited by Deloitte Viet Nam Audit Company Limited.
• Environmental monitoring results, product and material assessments, occupational safety, legal compliance assessments, etc., are all carried out by competent state agencies or designated and licensed by regulatory authorities, and are periodically inspected by regulatory authorities.
• EVNGENCO3’s evaluation results and awards are granted by reputable organizations such as the Top 20 Best Annual Reports – non-financial sector group.

Sustainable development strategy

Strategic orientation

Throughout its development, EVNGENCO3 has consistently placed sustainable development as a strategic goal alongside economic growth objectives. We aspire to become a diversified power generation entity, encompassing both traditional and renewable energy sources, delivering and balancing the interests of the business, environmental sustainability, and the prosperity of the community and society.
Sustainable development is both a core focus and a challenge for the Corporation. We define sustainable development based on 03 key pillars:

ENSURING SAFE AND CONTINUOUS POWER PRODUCTION – ECONOMIC

Maintaining stable power production, contributing to national energy security; Developing new clean energy sources in accordance with the Government’s energy transition program.

SUSTAINABLE HUMAN RESOURCE 

Building a workforce with the criteria of “Mind, Strength, and Capacity” to meet future development requirements.

ENVIRONMENTAL PROTECTION RESPONSIBILITY

Complying with environmental protection regulations.
Accordingly, the Corporation’s business activities are implemented to meet the sustainable development strategy according to ESG criteria (Environment, Social, Governance). We continuously strive to build an ideal working environment where each employee can find motivation and dedicated contribution, linking economic growth with human development, aiming at environmental solutions, caring for the community, and implementing corporate governance according to the best international practices, making practical contributions to the integration and development of the electricity industry and the country.

Outstanding sustainable development indicators 2024

SUSTAINABLE ECONOMIC DEVELOPMENT

Maintain stable electricity production, contributing to ensuring national energy security; Develop new clean power sources according to the Government’s energy transition program.
– Building a happy working environment based on 03 factors: Mind – Streng – Capacity
– Maintaining employee welfare policies and regimes: health insurance, housing arrangements, rental support, maternity support, childcare, shuttle bus, flexible working policies, etc.
– Promoting training and improving human resource quality: in-depth technical training abroad, enhancing internal training, building a learning organization, etc.
– Organizing annual running events for employee bonding and health improvement, Corporation-level conferences, continuing sports club activities, etc.

Implementing the “Belief in Learning” sponsorship program – providing monthly support to 44 students facing difficulties or who lost parents due to COVID-19 in Ho Chi Minh City.
Through the program, the Corporation aims to convey encouragement, motivation, and sharing so that students can continue to pursue their dreams of going to school, complete their education, grow up to build the country, and contribute positively to the nation’s educational development.
Continuing to implement activities in response to Pink Week, Customer Gratitude Month, supporting school construction and renovation, road construction (using ash from power plants), according to local needs and EVN/EVNGENCO3’s policies.
Community-oriented programs are always enthusiastically organized and participated in by the Corporation, deeply expressing the Corporation’s responsibility and commitment to sustainable development, fostering meaningful human values, and continuing the fine tradition of “mutual affection” of the Viet Namese people.
The “Lighting Rural Roads” program is a key activity implemented by EVNGENCO3’s Youth Union in many localities across the country, aiming to improve lighting systems in difficult rural areas, contributing to ensuring traffic safety and improving the quality of life for residents. The total number of solar-powered lights installed by the Corporation’s Youth Union in 2024 is 154 lights, with a total value of over 300 million VND, in Ho Chi Minh City, An Giang, and Ba Ria – Vung Tau. These projects not only help illuminate roads at night but also contribute to ensuring security and reducing traffic accidents, creating favorable conditions for local livelihoods and economic development.

3. Sustainable development activities of the corporation with the sustainable development goals of the united nations

Aiming at the goal of Sustainable Development in all aspects of economy, society and environment, in 2024, EVNGENCO3 has developed and achieved a number of achievements associated with the specific goals of the Corporation as well as the 17 Sustainable Development Goals of the United Nations as follows:

Sustainable Development Governance

Sustainable governance is identified as a KEY FOCUS in all governance and operational activities of the Corporation. Based on compliance with relevant legal regulations combined with international best practices in corporate governance, EVNGENCO3 is increasingly improving the Corporation’s governance structure towards professionalism, transparency, and efficiency, ensuring the Corporation’s highest governance principle of bringing benefits to shareholders while harmonizing development goals and demonstrating responsibility to society and the environment.
EVNGENCO3’s Corporate Governance model is implemented based on the harmonious combination of the following factors: 

Solid Corporate Governance Structure Foundation 

EVNGENCO3’s governance structure has all the governance entities of a listed company, including: General Meeting of Shareholders, Supervisory Board, Board of Directors, Committees under the Board of Directors, BOM

Compliance with Viet Namese Practices and Laws 

The Corporation fully complies with Vietnamese legal regulations, legal frameworks, and governance regulations for listed companies. 

Towards Approaching International Standards 

EVNGENCO3 adheres to international frameworks and best practices in Corporate Governance such as the OECD Principles of Corporate Governance, the ASEAN Corporate Governance Scorecard, and applies advanced and modern technology to corporate governance 

Consistent application throughout the corporation 


Consistently applying corporate governance tools throughout the Corporation

Governance structure

RESPONSIBILITIES OF THE GENERAL MEETING OF SHAREHOLDERS

As the highest authority, it has the power to decide on the key and important issues of EVNGENCO3. 

Board of Directors

As the management body of EVNGENCO3, it has full authority to act on behalf of EVNGENCO3 to decide and exercise the rights and obligations of EVNGENCO3, except for the rights and obligations under the authority of the General Meeting of Shareholders. The Board of Directors 1 plays a role in defining the overall strategy and approving the key objectives of the sustainable development plan; commits to serving the interests of shareholders to achieve sustainable growth in company value. At the same time, it is fully responsible for the sustainable development policies and objectives of the Corporation.

BOM

Responsible for managing the business operations of the Corporation, subject to the supervision of the Board of Directors and responsible to the law for the exercise of assigned rights and obligations. At the same time, it plays a role in systematically deploying both opportunities and risks of business operations in strategies, processes, and management systems, and ensuring the sustainable development goals of the Corporation.

Supervisory Board

Supervises the Board of Directors and the BOM in the management and operation of the Corporation; responsible to the law and the General Meeting of Shareholders for the exercise of its rights and obligations.
At the same time, the Supervisory Board is responsible for advising the Board of Directors on business strategies, objectives, and sustainable development.
Communicating detailed objectives and plans to member units, functional departments, and organizing implementation, proposing adjustments to ensure the set objectives.

Member units and Departments

Responsible for implementing the sustainable development plan according to the direction of the BOM and the Board of Directors. At the same time, responsible for regularly reporting, analyzing arising issues to propose appropriate sustainable development programs and objectives.

Engagement with stakeholders

Effective engagement with stakeholders will benefit the Corporation’s operations and development. EVNGENCO3 ensures the harmonization of interests with stakeholders, upholds the law, builds and maintains relationships based on respect, cooperation, understanding, and companionship. Accordingly, the stakeholders identified by EVNGENCO3 include: 
In the interaction, each different stakeholder has different concerns, expectations, and levels of influence on EVNGENCO3’s operations; and conversely, the Corporation’s level of influence on stakeholders also has differences. Therefore, the Corporation’s strategies and policies are developed not only to suit the actual situation but also to satisfy the concerns and expectations of stakeholders.

Through assessing materiality in the correlation between the level of stakeholder interest and the level of impact on business operations, EVNGENCO3 has identified key areas in the relationship between economics, environment, society and the Corporation’s activities, referencing the GRI Standards. The process for identifying key areas includes:

STEP 1:  

Identifying sustainable development related areas that may affect EVNGENCO3, as well as impacting stakeholder concerns. 

– Researching and reviewing information from the market and the electricity industry 
– Analyzing press information
Conducting assessments and surveys from customers, partners, etc. 
– Information from industry associations 
– Internal discussions with employees and meetings with local leaders. 

STEP 2: 

Selecting key areas of stakeholder interest

– Screening important areas that need to be prioritized 
– Validating key areas from senior management 
– Selecting areas considered material to EVNGENCO3 
– Classifying key areas based on 3 content groups: 
– Economic – Social – Environmental 

STEP 3: 

Identifying and approving key areas for the year 

– Set up a matrix of key issues
– Identifying issues with high interest and high impact 
– Prioritizing key issues for implementation. 

STEP 4: 

Evaluating and reviewing implemented key areas 

– Reviewing results after implementation 
– Receiving feedback from stakeholders 
– Continuously improving key areas to become more accurate. 

By assessing the importance of the areas in relation to the level of concern of the parties and the level of impact on the business operations, EVNGENCO3 builds a “Matrix of material areas” to determine the priority level and allocate appropriate resources to best meet the expectations of the parties involved as well as ensure the sustainable development of EVNGENCO3. 

From the list of significant economic, environmental, and social impacts, we group these impacts into main topics and accordingly, the list of key topics includes 22 topics as follows: 

Economic topics (GRI 200)

1. GRI 201. Economic Performance 
Economic Performance (GRI 201-1)

Production and Business Performance Results in 2024 

ECONOMIC VALUE ALLOCATION IN 2024

100% of employees are covered by social insurance, receive health check-ups, and are paid fully and on time.
In 2024, EVNGENCO3 paid dividends from undistributed profit after tax at a rate of 6.66% of its charter capital, equivalent to 748.23 billion VND.

FINANCIAL PERFORMANCE IMPACT, OTHER RISKS AND OPPORTUNITIES DUE TO CLIMATE CHANGE (GRI 201-2)

Climate change is increasingly becoming the most serious global challenge with increasingly extreme weather phenomena. The risks and opportunities arising from climate change have the potential to create significant changes in the operation, financial activities of EVNGENCO3’s plants, which may increase input costs, cause property damage, and affect occupational safety and employee health, including:

RISK MANAGEMENT PLAN:
 

▶ To operate hydropower plants safely and efficiently during the rainy and storm season, every year, the Corporation plans to maintain and repair equipment for generating units, substations, and 220kV transmission lines according to the schedule at the appropriate time based on the region’s weather to maximize the capacity of generating units.
▶ Develop a Flood and Storm Prevention and Control and Search and Rescue (PCTT&TKCN) plan with the “4 on-site” principle regarding command, forces, vehicles, materials, and logistics to enhance the capacity and specialized responsibility for ensuring the safety of the project during the flood season, prioritizing safety as the top and consistent priority in the Company’s operations.
▶ For each reservoir, assess the impact of climate change on future inflow conditions and develop an optimal operating procedure to take advantage of increased water inflow during the flood season for power generation. Plan to survey and remeasure the reservoir’s bottom terrain and propose dredging options to ensure the reservoir’s useful and flood control capacity as designed.

▶ Buon Kuop Hydropower Company has successfully researched and applied a remote flood warning system to replace horn warnings, helping people in the downstream area avoid unfortunate accidents and minimize damage during storms and floods. To promptly inform people along the downstream area about reservoir operation and regulation, the Company has established 24 flood warning stations along the downstream area (Buon Tua Srah reservoir: 14 stations; Buon Kuop reservoir: 10 stations) to warn people and enable them to take proactive preventive measures. The Company has also created Zalo groups for 3 reservoirs with local authorities to communicate, exchange information, and provide timely updates among stakeholders to improve the effectiveness of flood response.

2. GRI 202. Market Presence
Ratio of basic salary by gender compared to local minimum wage (GRI 202-1)

▶ Power Generation Corporation 3 – JSC implements a salary and bonus regime for employees commensurate with the level and nature of their work; ensures full and timely payment of social insurance and unemployment insurance as prescribed by law. 
▶ The Corporation implements a starting salary for employees that is not lower than the local minimum wage as prescribed by law and there is no difference in salary based on gender.

3. GRI 203. Indirect economic impacts
Infrastructure investments and supported services (gri 203-1)

INVESTMENT IN KEY OPERATIONS

In construction investment, based on the Power Development Plan VIII, the Corporation has focused on investing in green energy: seeking opportunities to cooperate on liquefied natural gas (LNG) fuel for the operation of gas turbine power plants; signing cooperation agreements to develop offshore wind power; converting biomass fuel and increasing the lifespan and environmental friendliness of power plants. Completed the upgrade and announced the capacity of the coal port to 50,000 DWT and the oil port to 3,000 DWT at Vinh Tan 2 Thermal Power Plant , contributing to optimizing transportation costs, coal unloading time, and increasing fly ash consumption capacity.

SOCIAL WELFARE INVESTMENTS

In 2024, EVNGENCO3 continued to accompany localities where its plants are located in improving infrastructure and enhancing people’s lives. Total cost is about 11.4 billion VND.

Significant indirect economic impacts (GRI 203-2) 

CREATING EMPLOYMENT FOR WORKERS, CONTRIBUTING TO POVERTY REDUCTION

Human resources are a great source of strength for EVNGENCO3 to successfully implement the Corporation’s management and business strategies, meet production needs and serve people’s lives, and contribute to the country’s economic development. Ensuring employment for workers. 

PROMOTING SOCIAL WELFARE THROUGH COMMUNITY ACTIVITIES

In 2024, EVNGENCO3 supported around 11.4 billion VND for social welfare activities, focusing mainly on activities such as building electrical infrastructure, sponsoring difficult circumstances, vulnerable groups, and supporting education and talent development. 

4. GRI 205. Anti-corruption 

EVNGENCO3 has been and continues to improve its professional governance platform according to international practices to better control all operations and operational risks, and prevent negativity in business activities. The implementation of public and transparent regulations and processes in the Corporation’s operations, along with effective communication methods, has contributed to raising the awareness and responsibility of employees in preventing corruption. In recent years, there have been no corruption cases in the Corporation. 

5. GRI 205. Tax

The Corporation declares and pays taxes according to regulations, such as corporate income tax, value-added tax, license tax, and personal income tax when there is income from stock investment activities and other taxes as prescribed by law. In addition, each subsidiary and associate company applies its own tax rate due to incentives from investing in and building power plants. 

CORPORATE INCOME TAX: 

The Corporation pays corporat income tax in accordance wit Decree 218/2013/ND-CP date December 26, 2013, of the Government guiding th implementation of the La amending and supplementing number of articles of the Corporat Income Tax Law, Decre 126/2020/ND-CP dated October 19 2020, of the Government detailing number of articles of the Law o Tax Administration 1 and relate guidance documents.

VALUE – ADDED TAX

Applied to the production and business activities of the Corporation in accordance with the Law on Value – Added Tax 2008 and the Law amending and supplementing a number of articles of the Law on Value-Added Tax 2013, 2016 and related guidance documents. 

PERSONAL INCOME TAX: 

The Corporation and shareholders in the Corporation, when having income from stock investment activities, must pay personal income tax according to current regulations. 

The total amount EVNGENCO3 contributed to the state budget in 2024 is 881 billion VND.

Environmental topics (GRI 300)

1. GRI 301. Materials

Due to the nature of the operation of power plants that use large fuel sources, EVNGENCO3 always focuses on investing in and improving the operating efficiency of its plants, using advanced and modern technology to ensure the economical and efficient use of resources and energy, thereby contributing to reducing greenhouse gas emissions. 

MATERIALS USED BY WEIGHT OR VOLUME (GRI 301-1)

In 2024, Mong Duong 1 Thermal Power Plant maintained a fly ash consumption rate of 100%, while also processing 300,000 m³ stored in the fly ash yard. By the end of 2024, the available storage capacity of the fly ash yard was 0.56 million m³. 

Vinh Tan 2 Thermal Power Plant consumed most of the generated fly ash and partially stored it in the fly ash yard, achieving a rate of over 104%; completed the construction, installation, and trial operation of a fly ash separation line with a capacity of 500,000 m³/year. The goal is to put the line into official operation in the first quarter of 2025.

2. GRI 302. Energy

Recognizing that energy saving in the electricity production process is a crucial factor in ensuring sustainable development, Power Generation Corporation 3 implements many solutions to reduce heat rate, promote digital transformation, and optimize fuel inventory. Some energy-saving initiatives that EVNGENCO3 is actively implementing are as follows:

– Maximizing the use of natural light and wind, reducing the operating power of non-essential power sources, and avoiding the simultaneous use of high-power consumption devices during peak hours. 
– Repairing and renovating lighting systems, gradually replacing incandescent bulbs with LED lamps, and renovating single-phase/group lighting circuits to three-phase circuits to enhance electricity savings; reviewing and supplementing automatic on/off systems. 
– Energy saving initiative reports

3. GRI 303.Water and wastewater

EVNGENCO3 always complies with Viet Namese legal regulations on water resource exploitation and applies various technological measures to reduce water consumption, saving water for production and daily activities, protecting natural resources and the environment. Wastewater sources are treated to meet strict standards before reuse or discharge into receiving sources. 

WATER CONSUMPTION

WATER FOR ELECTRIC GENERATION IN THE CORPORATION’S HYDROPOWER PLANTS: Stored in upstream reservoirs, passing through the energy transmission system to the generating turbines, then discharged downstream through the canal system and entering river and stream branches. During dry seasons, hydropower plants still ensure minimum flow to protect the regional ecological environment. 

COOLING WATER IN THERMAL POWER PLANTS: Taken from rivers or the sea through the water intake canal system, fed into condensers for heat exchange cooling, then discharged back into rivers or the sea through the cooling water discharge canal system. In addition, thermal power plants also use tap water (from suppliers), lake water, or seawater to produce demineralized water for electricity production. Seawater is also used for environmental treatment of waste before it goes through the chimney. 

Volume of water exploited and used at plants in 2024: 

4. GRI 304. Biodiversity

The premises of the thermal power plants are maximally greened in vacant land areas, except for areas that require absolute prevention of fire and explosion issues. For coal-fired thermal power plants, trees are also planted in the area surrounding the fly ash yard. 

5. GRI 305. Emissions 

DIRECT AND INDIRECT GREENHOUSE GAS EMISSIONS FROM ENERGY (GRI 305-1, GRI 305-2)

Due to the nature of the operation of power plants that use large fuel sources, EVNGENCO3 always focuses on investing in and improving the operating efficiency of its plants, using advanced and modern technology to ensure the economical and efficient use of resources and energy, thereby contributing to reducing greenhouse gas emissions into the environment. Greenhouse gas emissions from EVNGENCO3’s thermal power plants are currently mainly CO2, SOx, and NOx, with a volume of 135,616.345 million m³ in 2024. Exhaust emissions from gas-fired thermal power plants are relatively clean due to the clean input fuel, combined with the use of advanced combustion nozzles that reduce emissions, therefore, the concentration of environmentally hazardous emissions such as SOx, NOx, and dust is low compared to the permissible limit. Exhaust gas, after passing through the heat recovery boiler, is sent to a high chimney for discharge into receiving sources. Exhaust emissions from coal-fired thermal power plants, after leaving the combustion chamber, are passed through the SCR system for NOx treatment, the FGD system for SOx treatment, and the ESP system for dust treatment, then sent to a high chimney for discharge into receiving sources. Therefore, the concentration of environmentally hazardous emissions is low, within the permissible limit.

ONLINE EMISSION MONITORING SYSTEM

Coal-fired thermal power plants in EVNGENCO3 have fully installed online emission monitoring systems and transmit data to the local Department of Natural Resources and Environment as required.
Data is also transmitted to the EVNGENCO3 headquarters for coordinated supervision and control, contributing to more timely, accurate, and effective environmental management.

CÁC SÁNG KIẾN VÀ BIỆN PHÁP GIẢM THIỂU PHÁT THẢI KHÍ NHÀ KÍNH

Hiện EVNGENCO3 đang triển khai tìm hiểu, nghiên cứu các công nghệ giảm phát thải khí nhà kính để tổ chức áp dụng đạt hiệu quả cao nhất. Tổng Công ty cũng hướng đến đầu tư năng lượng xanh, sử dụng các nguồn NLTT góp phần làm giảm hiệu ứng nhà kính, hô trợ Việt Nam tiến dần đến Net Zero năm 2050.
Các biện pháp giảm thiểu khí thải đang được Tổng Công ty áp dụng như sau: 

Nghiên cứu sử dụng nhiên liệu sạch hơn, giảm suất hao nhiệt.

Sử dụng các tuabin khí công nghệ mới, nhằm nâng cao hiệu suất và giảm thiểu tác động đến môi trường với lượng phát thải cacbon ít hơn.

Tăng cường ứng dụng công nghệ hiện đại, tuân thủ nghiêm ngặt lịch bảo trì, bảo dưỡng của các nhà máy.

6. GRI 306. Waste 

HAZARDOUS WASTE

▶ Mostly generated in thermal power plants, mainly the following wastes: Granular abrasive materials with hazardous components (sand, abrasive powder, etc.); Fluorescent lamps and other types of discarded active glass; All types of waste oil and grease; Oil-contaminated water from oil/water separators; Filter materials (including oil filter materials) contaminated with hazardous components; Laboratory chemicals and chemical mixtures with hazardous components; Oil-contaminated gloves and rags; Lining and refractory materials with hazardous components; All types of discarded oxidizing agents.
▶ Hazardous waste is transferred to a licensed unit for collection, transportation, and treatment.

NON-HAZARDOUS WASTE 

▶ Solid waste generated from office activities and domestic solid waste generated from daily eating and living activities. 
▶ Common industrial solid waste: poor quality and defective materials. 
▶ Fly ash generated from coal-fired thermal power plant electricity production activities. 
▶ Non-hazardous waste is transferred to a licensed unit for collection, transportation, and treatment.

TOTAL WASTE BY TYPE AND TREATMENT METHOD (GRI 306-1, GRI 306
-2, GRI 306-3, GRI 306-4, GRI 306-5)

METHODS TO MINIMIZE WASTE GENERATION

» Regularly disseminate and implement policies on practicing thrift and combating waste of existing resources to each employee; combine monitoring, inspection, urging, and reminding. 
» Prioritize the economical and efficient exploitation and use of resources, raw materials, fuels, materials, chemicals, office supplies, etc., optimizing the utilization, reuse, and recycling of raw materials, fuels, and materials, office supplies, poor quality and defective materials, and waste materials, limiting disposal. 
» Exploit fly ash as a commodity product, which can be exchanged, traded, or used in construction, road construction, and leveling activities.

7. GRI 307. Environmental compliance 

The Corporation maintains the validity of the environmental management system according to the TCVN ISO 14001:2015 standard for power plants and continuously improves efficiency and innovation. Regulations related to the environmental field are all complied with and implemented synchronously by EVNGENCO3, so there were no violations related to the environmental field in 2024
NUMBER OF PENALTIES FOR VIOLATIONS DUE TO NON-COMPLIANCE WITH ENVIRONMENTAL LAWS AND REGULATIONS : NONE
TOTAL AMOUNT OF PENALTIES FOR VIOLATIONS DUE TO NON-COMPLIANCE WITH ENVIRONMENTAL LAWS AND REGULATIONS: 0 VND

Social topics (GRI 400)

1. GRI 401. Employment and income security

EVNGENCO3 always considers people as its most valuable asset, the core of the company’s success. The company’s business and management policies focus on developing a happy workforce, in which each individual contributes positively to the development of society and the community. The Corporation focuses on building an employer brand to attract and retain talent, striving to ensure stable employment and salaries for employees. 

EVNGENCO3 RECRUITMENT AND RESIGNATION (GRI 401-1) 

EVNGENCO3 strives to attract and recruit fully and promptly, while reducing the resignation rate, increasing employee engagement and workforce stability. EVNGENCO3’s workforce is always ready and responsive to the development of EVNGENCO3 has a recruitment policy and creates job opportunities that do not discriminate based on gender EVNGENCO3 fulfills all of the Corporation’s obligations to resigning employees and there are no employee complaints. 

GRI 401-2 BENEFITS PROVIDED TO FULL-TIME EMPLOYEES NOT PROVIDED TO TEMPORARY OR PART-TIME EMPLOYEE 


▶ EVNGENCO3 ensures a compensation and bonus regime commensurate with each job position; benefits such as: health insurance; sightseeing and vacation; flexible working arrangements; learning and development opportunities in/outside the country; constantly building an equal, dynamic, and attractive working environment – where employees can dedicate themselves to the sustainable development of the Corporation.
▶ Annually, the Corporation organizes periodic health check-ups for all employees as prescribed, once a year, employees working in heavy and hazardous conditions are examined every 6 months, female employees twice a year. Individual health records are updated on the HRMS software system to help employers and employees easily manage and monitor health status, and assign tasks reasonably and appropriately to the specific nature of the work. 
▶ As a pioneer in implementing gender equality in the workplace, in 2023, EVNGENCO3 was honored to receive the EDGE Certificate for the second time, affirming its efforts to develop sustainable human resources by promoting women’s economic empowerment in the Corporation. 
▶ EVNGENCO3 is committed to non-discrimination based on race, skin color, gender, religion, political views, national origin, or social background. In 2023, there were no cases of discrimination at the Corporation. 
▶ EVNGENCO3 is committed to not using child labor or forced labor, and to using labor in accordance with legal age regulations. 

MATERNITY LEAVE 

The Corporation implements maternity leave for employees in accordance with legal regulations, employees are entitled to social insurance benefits and allowances and support from the Corporation according to the collective labor agreement. The Corporation ensures that 100% of employees return to work after maternity leave and there is no discrimination. 

2. GRI 402. Labor-management relations  

EVNGENCO3 issued a Collective Labor Agreement with 49 points that are more beneficial to employees than the provisions of the Labor Law, aiming to reach a written agreement between the labor collective and the employer on the rights and obligations of both parties to ensure the interests of both parties and maintain a long-term relationship between employees and the enterprise. In addition, EVNGENCO3 and the Trade Union also organize conferences for female employees twice a year. Through these activities, the Trade Union leaders promptly resolve the legitimate suggestions and aspirations of employees.

GRI 402-1 MINIMUM NOTIFICATION PERIOD REGARDING OPERATIONAL CHANGES 

EVNGENCO3 always ensures information exchange within the Corporation when there are any changes affecting employee rights. Management levels send notifications to employees about the content of changes within a minimum period before the change takes effect. 

3. GRI 403. Minimum notification period regarding opera

EVNGENCO3 always ensures information exchange within the Corporation when there are any changes affecting employee rights. Management levels send notifications to employees about the content of changes within a minimum period before the change takes effect. 

GRI 403-1 OCCUPATIONAL HEALTH AND SAFETY MANAGEMENT SYSTEM records in accordance with regulations and entered medical examination results and personal health monitoring into the HRMS software system to help employers and employees easily manage and monitor health status, and assign tasks reasonably and appropriately to the specific nature of the work. » Medical rooms of units are fully equipped with medicines and necessary tools; medical staff are trained, fostered, and fully certified, perform well in dispensing medicines, caring for employees with common illnesses, and providing initial first aid, monitoring patient transfers to medical facilities with initial examination and treatment contracts in a timely manner for effective continued treatment, ensuring employee health. 

GRI 403-3 OCCUPATIONAL HEALTH SERVICES Annually, the Corporation/unit organizes periodic health check-ups for all employees as prescribed, once a year, employees working in heavy and hazardous conditions are examined every 6 months; creating conditions for employees to have in-depth examinations for early detection treatment support according to treatment protocols. In addition, some units also proactively organize gynecological examinations for female employees twice a year.  » The Corporation implements annual health care insurance for employees.

GRI 403-5 OCCUPATIONAL SAFETY AND HEALTH TRAINING training courses to improve the qualifications and skills of medical staff in the medical rooms of the units, ensuring that they have complete records and are issued practice licenses and certificates of participation in full training courses. » The Corporation has coordinated with relevant units to organize training sessions to improve knowledge of occupational safety and hygiene, regularly disseminate information about occupational safety and hygiene to all employees to reduce risks and harmful factors in the workplace. 
GRI 403-9, 403-10 OCCUPATIONAL ACCIDENT AND OCCUPATIONAL DISEASE INDICATORS In 2024, the Corporation did not record any issues related to occupational safety.

4. GRI 404. Education And Training 

Human resource training is always one of EVNGENCO3’s key priorities to build a team of highly capable and qualified personnel, meeting the “intellectual and physical” needs to respond to the Corporation’s increasingly strong development demands. 

GRI 404-1 AVERAGE TRAINING HOURS PER YEAR PER EMPLOYEE 

Total training hours:
105,755 hours/year 
Average training hours: 
50 hours/employee/year 

GRI 404-2 PROGRAMS FOR UPGRADING EMPLOYEE SKILLS 

In 2024, EVNGENCO3 continues to focus on training closely linked to production and business tasks, especially focusing on internal training programs, knowledge sharing, and training related to the energy transition roadmap. In addition to training programs to improve management skills and professional expertise, EVNGENCO3 also implements other skills courses: Presentation skills, planning, problem-solving, etc. 

5. GRI 405. Diversity and equal opportunity

GRI 405-1 DIVERSITY OF MANAGEMENT AND EMPLOYEES

» EVNGENCO3 always ensures the principles of fair and equal recruitment. The salary, bonus, and welfare policies for employees, as well as promotion opportunities, are closely linked to the capacity, achievements, and contributions of each individual in relation to the overall effectiveness of the department and the Corporation, ensuring equal opportunities for all personnel, regardless of gender or region.
The Corporation’s personnel policies always ensure the full and effective participation of women and equal opportunities for leadership at all levels. 

6. GRI 406. Non-discrimination – gri 408. child labor – gri 409. forced or compulsory labor 

GRI 406-1 CASES OF DISCRIMINATION AND REMEDIAL ACTIONS TAKEN 

In EVNGENCO3, all employees work in an equal environment, free from harassment or discrimination. All employees are treated fairly, without discrimination based on race, belief, politics, skin color, gender, origin, marital status, age, religion, sexual orientation, pregnancy, disability, or any other reason unrelated to work. In 2024, no cases of discrimination were recorded at the Corporation. 

GRI 408-1 OPERATIONS AND SUPPLIERS AT SIGNIFICANT RISK FOR INCIDENTS OF CHILD LABOR 

EVNGENCO3 absolutely does not employ child labor. The minimum age of labor at the Corporation is 18 years old or older. Employees at the Corporation are guaranteed their rights based on the provisions of the 2019 Labor Code. 

GRI 409-1 OPERATIONS AND SUPPLIERS AT SIGNIFICANT RISK FOR INCIDENTS OF FORCED OR COMPULSORY LABOR 

EVNGENCO3 commits to not using forced or compulsory labor. All employees working at the Corporation are based on the principle of voluntariness and agreement between the Corporation and the employee.

7. GRI 413. Local communities 

EVNGENCO3 always actively fulfills its social responsibility through meaningful community programs. The total funding for social security activities in 2024 is approximately 11.4 billion VND.
Providing monthly support to 44 students in difficult circumstances, orphaned by the COVID-19 epidemic in Ho Chi Minh City, until they complete their 12th-grade program, with an annual sponsorship of 1.28 billion VND; 
Implementing the “School Milk” program for elementary schools in Phu My and Vinh Tan, with a funding of over 1 billion VND; donating 50 computers and school supplies to schools in Phu Yen and Binh Dinh affected by natural disasters and floods. 
At the same time, the Corporation and its units organize visits and gifts for twin villages, downstream residents, policy families, poor households, etc., in the area on the occasion of holidays and Tet; blood donation activities in response to the Red Week and Customer Appreciation Month; supporting the construction of schools and roads, etc. , according to the actual needs of the locality and the policy and spirit of EVN/EVNGENCO3.

GRI 419. Socioeconomic compliance 

EVNGENCO3 always complies with laws and regulations in the economic and social fields. The Corporation is always determined to build a solid risk prevention system to minimize damage related to compliance activities. In 2024, no significant violations occurred at EVNGENCO3. 
Total monetary value of significant fines: None 
Total number of non-monetary penalties: None 
Cases brought through dispute resolution mechanisms: None 

GRI table of contents

STATEMENT OF USE 

GRI 1 USED
GRI STANDARDS

EVNGENCO3 has reported in accordance with the GRI Standards 2021 for the period 12/31/2023 – 12/31/2024 

GRI 1: General Standards 2021 
Information not available.