Sustainability Report 2024

Sustainable development practices have been consistently integrated into SOL E&C’s business operations since the company’s inception. The year 2024 marks the first time SOL E&C officially discloses in detail our sustainable development initiatives and outcomes through an annual Sustainability Report. This report also affirms SOL E&C's ongoing efforts to fulfill our sustainability commitments, aiming to deliver long-term value to all stakeholders. The 2024 Sustainability Report by SOL E&C has been compiled with a strong focus on integrity, clarity, timeliness, reliability, and verifiability.

Reporting Period

The reporting period begins on January 1st, 2024, and ends on December 31st, 2024. The report is scheduled to be prepared annually in subsequent periods.

Reporting Scope

This report is developed based on SOL E&C’s direct operations, including the Head Office and all projects implemented by SOL E&C. We exclude joint ventures, partnerships, or projects where SOL E&C does not have direct control.

For Greenhouse Gas (GHG) Inventory, SOL E&C applies the methodology outlined in ISO 14064-1:2018, limited to Scope 1 and Scope 2 emissions.

Reporting Standards

This report is developed in alignment with the IFRS Sustainability Disclosure Standards S1 and S2 issued by the International Sustainability Standards Board in 2023. It also references the 2021 Global Reporting Initiative (GRI) Standards. The report reflects SOL E&C’s commitment to implementing its ESG strategy and incorporates relevant United Nations Sustainable Development Goals (SDGs), customized to the specific context of the construction industry.

The Contents of our 2024 sustainability report

Message of Chairman of the Board

Company Overview

About Us
Our Projects

Sustainable Development Strategy

Reporting Methodology
Our Roadmap
Policy - Commitment to Sustainable Development
Our Sustainable Development Goals (SDGs)

Governance

Engaging Key Stakeholders
Materiality Areas
SD Governance Structure
Risk Management
Ethics and Compliance
Governance of Conflict of Interest
Reporting Mechanism
Code of Conduct
Digital Transformation

Environmental

Environmental Management System
Environmental impact control
Waste management
Greenhouse gases
Small Actions - Big Impact
Green energy
Resource conservation
SABI Program series

Social

Safety and Healthcare
Employee Life Cycle Management
Learning & Development
Build Happiness
Corporate Social Responsibility

ESG Data book

ESG Index
GRI Index
SASB Index
Acknowledgement

The base year report demonstrates SOL E&C's strong commitment to sustainable development. We have further integrated sustainability goals into our business operations, invested in digital transformation, and promoted green building initiatives. SOL E&C looks forward to the continued support of our Clients, Subcontractors, Suppliers, Construction teams, and Employees on the journey to creating meaningful and lasting values for the next generations.

This report has been developed by the Sustainability Development Department. SOL E&C welcomes all recommendations and suggestions regarding the company’s sustainability efforts and the contents of this report.

Email of the Sustainable Development Department:

esg@solenc.vn

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Our Sustainability Report 2024