ACCELERATING
SUSTAINABLE PROGRESS
Sustainability Report 2016 - 2017
About AES-VCM
As we operate in Vietnam’s fast-growing market in a safe and responsible way, AES-VCM Mong Duong Power Company Ltd (AES-VCM) ensures that our current investment, Mong Duong II Power Plant (Mong Duong II), delivers value and contributes to development at the national and local levels, powering the lives of 6.43 million Vietnamese in 2016 and 2017, while increasing shareholder returns. We do this by aligning our financial targets with the overall corporate strategy and anchoring our economic performance in operational excellence, robust safety and environment programs, risk management, strong ethical conduct, and a commitment to the community.
Given this sustainable approach to deliver energy solutions, AES-VCM was awarded as one of the most outstanding foreign direct investments in the country just after its first full year of operations in 2016. The award recognized foreign businesses that apply the most advanced technologies and solutions to create better products and services, while demonstrating a strong and proactive sustainability agenda.
AES-VCM also showed its strong confidence in Vietnam as CEO Mr. David Stone joined the US-ASEAN Business Council 2017 Business Mission in Hanoi. Representatives of major US companies, engaged with members of the Government of Vietnam on trade and investment opportunities as well as policy priorities to improve the business and investment climate of the country.
As CEO of one of the largest private companies operating a power plant in Vietnam, Mr. Stone talked about the indirect economic impacts that improve the quality of life in the communities hosting the power plant project, which number almost 20,000 residents. This demonstrates AES-VCM’s ability to maximize economic and social benefits of its investment, a core principle of all its projects throughout the world.
Today, Mong Duong II BOT Power Plant (Mong Duong II) proves AES-VCM’s expertise in Build-Operate-Transfer Projects and the strong collaboration between the company and the government to deliver sustainable energy and economic progress for all stakeholders. Ultimately, Mong Duong II is a platform to leverage our leadership position in providing market solutions such as energy storage and renewable energy to meet the evolving energy requirements in a most responsible and transparent manner.
Awards & Recognition
Our sustainability is a journey of continuous improvement and we are honored to have received numerous awards recognizing our efforts. We have been awarded by the Vietnam Business Council for Sustainable Development as among the Top 100 Most Sustainable Enterprises in Vietnam in 2016 and 2017. We also received the Power Utility of the Year Award from the Asian Power Award in 2016, considered the most prestigious award designed to recognize groundbreaking and trailblazing initiatives in the Asian power sector.
.png)
2016 & 2017 Corporate Social Responsibility Recognition Awards from the American Chamber of Commerce, which recognizes commitment to transparent, effective and sustainable business management
.png)
2016 & 2017 Corporate Social Responsibility Recognition Awards from the American Chamber of Commerce, which recognizes commitment to transparent, effective and sustainable business management
.png)
Green Business 2016 Award from the Vietnam Association for Conservation of Nature and the Environment, which recognizes businesses with environmentally friendly products and technologies
.png)
2016 & 2017 RoSPA Gold Award from The Royal Society for the Prevention of Accidents (RoSPA), which recognizes the effort and performance of an entity in saving lives and preventing incident/ accidents in workplace.
.png)
2016 Outstanding FDI Company Award – Merit Certificate from the Government of Vietnam to recognize the use of advanced technologies and solutions to create better products and services for domestic and international market
Our memberships
As a member of the following organizations, AES-VCM shows commitment to the Vietnam energy sector and to the promotion of a fair, sustainable, and transparent business environment in Vietnam.
.png)
American Chamber of Commerce in Vietnam (Governor)
.png)
US-ASEAN Business Council (Member)
.png)
Vietnam Business Council for Sustainable Development (Vice Chairman)
.png){kind=small}
Vietnam Chamber of Commerce and Industry (Member)
Value Chain
As the country’s first and largest Build Operate Transfer (“BOT”) coal-fired power project private energy service provider, AES-VCM Mong Duong Power Company helps meet Vietnam’s growing demand for electricity in a responsible and highly efficient manner through our 1,242 MW Mong Duong II Power Plant in Cam Pha city, Quang Ninh Province.
We work hard to maintain Mong Duong II’s position as one of the most sustainable power producers in the country. We are backed by world-class expertise, a proven track record, and advanced technologies. We follow all local laws and regulations of Vietnam, as well as the AES Global Standards, the International Financial Corporation (IFC) Performance Standards and Equator Principles, OHSAS 18001:2007 for Safety, and ISO 14001:2015 for Environment. All these we pursue as part of being a values-driven company. Our people uphold the highest standards of excellence and integrity in our work. Through reliable power generation, we create value not only for our investors but also in the country where we operate: developing the economy, empowering businesses, protecting resources, and improving people’s lives. We strive to be a strong partner in accelerating Vietnam’s progress and development.
Our Vision
Our vision is to be a leading sustainable power company in Vietnam that safely provides reliable, affordable energy. We do this by leveraging our unique electricity platforms and the knowledge of our people to provide the energy and infrastructure solutions our customers truly need. Our people share a passion to help meet Vietnam current and increasing energy needs, while providing communities and country the opportunity for economic growth due to the availability of reliable, affordable electric power.
Our Mission
Improving lives by accelerating a safer and greener energy future.
Community & Society
Total CSR investment: $260,000 total investment (2016-2017) with over 21,000 direct beneficiaries
4.76 Million
Vinacomin
tons of coal purchased 2016-2017
Thac Thay River
35 % enviroment
22.2% in education
19.7% livelihood development
20.3% healthcare
2.8% others
392 locals hired by the Company
and 9 contractors
USD 1.95 Billion
investment
9.084M kWh
>16.000
1,242 MW
capacity
trees planted
Mong Duong II
Electricity of Vietnam (EVN)
Luong Gac River
Mong Duong II
Housing Colony
Khe Cham
Coal storage
Coal mine
Ash Pond
fed to the national grid (2016-2017)
Plant availability rate
99.41% (2016)
99.78% (2017)
Safe man hours
> 1.7 million hours (2016)
> 1.6 million hours (2017)
Emissions
> 3.6 million tons CO2 (2016)
> 2 million tons CO2 (2017)
100% wastewater treated
Zero chemical and oil spills
108 training hours per employee on average
Solar-powered housing facilities
100% of new suppliers subjected to EHS accreditation
As AES-VCM continues to support sustainable development in Vietnam, we are committed to make our contributions to the UN Sustainable Development Goals. We have taken account of the following SDGs that align with our business priorities and programs as part of our approach to sustainability.
