FPT Corporation Partners with USAID to Achieve Net Zero Emissions by 2040

FPT Corporation, a leading technology firm in Vietnam, has signed a Letter of Cooperation with the United States Agency for International Development's (USAID) Vietnam Low Emission Energy Program II (V-LEEP II).

The partnership aims to support FPT in achieving its ambitious goal of net zero emissions by 2040, a full decade ahead of Vietnam's national commitment.

Under the agreement, V-LEEP II will provide FPT with comprehensive technical assistance and capacity-building support from April 2024 to April 2025. This includes helping FPT develop a robust Net Zero strategy and providing insights on advanced clean energy technologies and mechanisms, such as Direct Power Purchase Agreements, Renewable Energy Certificates, Battery Energy Storage Systems, and Rooftop Solar Development for self-consumption.

FPT is the first Vietnamese technology company to collaborate with the V-LEEP II program, demonstrating its strong commitment to sustainability and reducing greenhouse gas emissions. The company is already implementing various green initiatives, such as applying eco-friendly technologies in its facilities, promoting digital transformation, and offering digital solutions to help other organizations with their green transformation.

Why this matters: FPT's partnership with USAID's V-LEEP II program sets a powerful example for other companies in Vietnam and the region to prioritize sustainability and take concrete steps towards reducing their carbon footprint. As a leading technology firm, FPT's commitment to achieving net zero emissions by 2040 could inspire a ripple effect across industries, accelerating Vietnam's transition to a low-carbon economy.

FPT's subsidiary, FPT Software, has also signed the Letter of Cooperation with USAID's V-LEEP II, aligning with the company's overall mission to establish a resilient and sustainable global corporation. "FPT understands that our commitment will positively impact the living, working, and learning environment of our employees and society as a whole," said Nguyen Van Khoa, CEO of FPT Corporation.

USAID/Vietnam Deputy Mission Director Bradley Bessire expressed excitement about the partnership, stating, "FPT's commitment to sustainability and reducing greenhouse gas emissions is truly commendable. We believe this collaboration has the potential to create a significant positive impact on Vietnam's younger generations and the broader business community."

The partnership between FPT Corporation and USAID's V-LEEP II program marks a significant milestone in Vietnam's journey towards a more sustainable future. With FPT leading the charge and receiving valuable support from V-LEEP II, the company is well-positioned to achieve its net zero target by 2040 and contribute to the country's overall efforts to reduce carbon emissions and build a more resilient economy.

Key Takeaways

• FPT Corporation partners with USAID's V-LEEP II to achieve net zero emissions by 2040.
• V-LEEP II will provide technical assistance and capacity-building support to FPT for its net zero strategy.
• FPT is the first Vietnamese tech company to collaborate with V-LEEP II, demonstrating its sustainability commitment.
• FPT's net zero goal could inspire other companies in Vietnam to reduce their carbon footprint.
• FPT Software also signed the Letter of Cooperation, aligning with the company's global sustainability mission.