Vietnam Prosperity Joint Stock Commercial Bank (VPBank) is one of the leading banks in Vietnam, with a strong focus on sustainability and decarbonisation. As a financial institution, VPBank recognises the importance of reducing its carbon footprint and supporting the transition to renewable energy.

VPBank has implemented a number of initiatives to reduce its energy consumption and carbon emissions. The bank has invested in energy-efficient technologies and equipment, such as LED lighting and air conditioning systems. It has also implemented energy management systems to monitor and control energy use in its buildings.

In addition to reducing its own energy consumption, VPBank is also committed to supporting its corporate clients in their efforts to decarbonise. The bank offers a range of financial products and services to support renewable energy projects, including corporate energy purchase agreements (PPAs) and green bonds.

Corporate PPAs are agreements between a company and a renewable energy provider, in which the company agrees to purchase a certain amount of energy from the provider over a set period of time. VPBank offers corporate PPAs to its clients, enabling them to access renewable energy at a competitive price and reduce their carbon footprint.

VPBank has also issued green bonds to finance renewable energy projects. Green bonds are a type of bond that is specifically designed to finance environmentally sustainable projects. The proceeds from the bonds are used to fund projects such as wind and solar farms, which generate renewable energy and reduce carbon emissions.

VPBank is committed to supporting the transition to renewable energy in Vietnam. The bank is a member of the Vietnam Sustainable Energy Alliance, which is a coalition of businesses, NGOs, and government agencies working to promote sustainable energy in the country. VPBank also participates in the Vietnam Energy Efficiency Network, which is a platform for businesses to share best practices and collaborate on energy efficiency initiatives.

In addition to its focus on sustainability and decarbonisation, VPBank is also committed to corporate social responsibility. The bank has implemented a number of initiatives to support local communities, including providing financial support to small businesses and sponsoring educational programs for underprivileged children.

Overall, VPBank is a leading financial institution in Vietnam that is committed to sustainability and decarbonisation. The bank has implemented a range of initiatives to reduce its energy consumption and carbon emissions, and is supporting its corporate clients in their efforts to transition to renewable energy. VPBank is also committed to corporate social responsibility, and is actively engaged in supporting local communities.