FPT Achieves Platinum EcoVadis Rating for Sustainability Efforts

FPT's Commitment to Sustainability Recognized

Global technology corporation FPT has recently achieved an impressive milestone by earning the EcoVadis Platinum rating through its French subsidiary. This prestigious recognition marks the highest level in the sustainability assessment provided by EcoVadis, a reputable international organization that evaluates corporate social responsibility practices. This accomplishment positions FPT within the elite top 1% of companies recognized globally for their efforts in sustainable business operations.

Understanding EcoVadis Rating Criteria

The EcoVadis rating is a comprehensive evaluation that focuses on a company's environmental, social, and governance (ESG) strategies. With a network comprising over 130,000 companies across more than 220 industries in 180 countries, EcoVadis assesses sustainability performance through 21 criteria across four key themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

FPT's Impressive Sustainability Scores

FPT secured an exceptional overall score of 88 out of 100 in this rigorous assessment. Notably, the company achieved a remarkable score of 90 for Labor & Human Rights and Ethics, alongside a commendable score of 80 for environmental practices. These ratings reflect FPT's unwavering commitment to environmental stewardship, effective governance, employee development, and its proactive measures to minimize carbon emissions.

Leadership Insights on Sustainability Strategy

Mdm. Chu Thi Thanh Ha, Chairwoman of FPT Software, emphasized the significance of this recognition as part of the company's broader sustainability strategy. She stated, "FPT’s acknowledgment by EcoVadis is a testament to our commitment to integrating sustainable practices into our core operations and technology solutions. We will continue to prioritize sustainability in every facet of our work, underpinning ongoing initiatives that foster long-lasting value for future generations.”

Further Achievements in Sustainability

In previous years, FPT has received accolades, including a Silver rating from EcoVadis in 2023, demonstrating its ongoing dedication to sustainable practices. The following year showcased even greater advancement with the achievement of ISO 45001 certification, which underscores the company's adherence to international standards for occupational health and safety across its campuses in Vietnam, Germany, and France. Moreover, FPT was honored with the Job Creation Award at the ESGBusiness Awards 2024, highlighting its commitment to social contribution and community engagement.

Expansion and Strategic Partnerships

Since its entry into the French market in 2008, FPT has fortified its presence by engaging with industry leaders such as Airbus and Air Liquide. In 2023, FPT's French subsidiary marked a significant leap forward by being included in France's top 100 ICT companies. Additionally, the acquisition of an 80% stake in the French IT consulting firm AOSIS allowed FPT to enhance its capabilities in areas like SAP, Data, Cloud, and innovative solutions tailored for sectors like aerospace and transportation. As the company sets its sights on becoming one of the Top 50 IT companies in France, it aims to bolster its workforce to over 500 professionals in the region.

About FPT Corporation

FPT Corporation, headquartered in Vietnam, is a globally recognized technology and IT services provider operating across three primary sectors: Technology, Telecommunications, and Education. With over thirty years of innovation, the company has consistently delivered efficient and effective solutions to millions of consumers and thousands of organizations globally, securing Vietnam's standing on the international tech landscape. FPT has developed a robust ecosystem of services and solutions that fosters sustainable business growth and enhances customer experiences. With a revenue of USD 2.17 billion and a workforce of over 48,000 employees in 2023, FPT continues to lead in the global IT arena.

Frequently Asked Questions

What is the EcoVadis Platinum rating?

The EcoVadis Platinum rating is the highest distinction awarded to companies based on their sustainability practices and corporate social responsibility initiatives.

How did FPT perform in the EcoVadis assessment?

FPT achieved an overall score of 88 out of 100, with outstanding ratings of 90 for Labor & Human Rights and Ethics, and 80 for Environmental practices.

What initiatives does FPT have for sustainability?

FPT is committed to integrating sustainable practices through its operations, focusing on reducing carbon emissions and fostering employee development.

Which awards has FPT received for its sustainability efforts?

FPT received a Silver rating from EcoVadis in 2023 and the ISO 45001 certification for occupational health and safety standards.

What are FPT's future goals in France?

FPT aims to become one of the Top 50 IT companies in France and to expand its local workforce to over 500 experts.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.