Sustainable growth is a long-term goal of businesses nowadays, joining hands in environmental protection and doing business towards social development has become one of the core cultures of factories and businesses in Vietnam and around the world. In this article, GreenYellow will share with you 3 basic principles to help you align your business with sustainable development goals, also known as SGDs.

What is sustainable development?

This is a term for growth that not only meets the current business needs of the enterprise, but also protects and does not harm the environment and society for future development needs.

Based on our 15 years of experience, we find that businesses often rely on the following criteria to build a sustainable development strategy.

1. Economic Sustainability

Economic sustainability aspects that you need to keep in mind will include gradual reductions in energy consumption and changes in consumption demand that do not harm biodiversity and the environment. Ensuring businesses grow quickly but still ensure safety through improving reporting indicators and aiming for sustainable development, some examples of economic sustainability include:

• Improve internal processes, review and evaluate the power system at the plant: deploy the Building Management System (BMS) to control equipment and eliminate human mistakes in the production process.
• Deploy an energy monitoring system (Energy Monitoring System) to monitor and identify electrical leaks at the plant.
• Replacing equipment that consumes too much energy to new equipment with more advanced technology and efficiency, helps to save electricity and raise the level of the automation production system.
• Improve the refrigeration system.
• Change the lighting system from compact light bulbs to LED lighting systems.
• Use renewable energy sources to achieve lower electricity costs and reduce CO2 in the environment.

In most cases, businesses will often not have the time and money to implement the above solutions, so partners like GreenYellow exists to help you study your energy needs and help you in your goals toward sustainable development. GreenYellow can fully finance the implementation of new and more efficient equipment (such as chillers, air conditioning, and lighting..), with BMS and automation, and guarantee energy savings to the clients, through Energy Efficiency Agreements (EEA) over an average duration of 10 years.

2. Social Sustainability

Socially sustainable development is assessed by criteria, such as HDI, income equality coefficient, indicators of education, health care, social welfare, focusing on the development of employees at its business.

3. Environmental Sustainability

The environment is one of the "hot" issues nowadays, and therefore, the main trend that businesses are aiming for today is to protect the environment, to switch from traditional power sources to renewable energy, the most common is installing rooftop solar power.

At GreenYellow, we can fully finance the design, implementation, and operation of a large-scale solar project on the client premises (roof, car park, floating area..) for self-consumption usage in real-time through a Power Purchase Agreement (PPA) with an average duration of 20years, where the Client can benefit immediately with no investment from a Discount compared to its average EVN tariff.