The role and contribution of sustainable energy development in the implementation of ESG standards in Vietnamese enterprises

Abstract

Currently, the world is facing increasingly greater challenges of climate change and the depletion of natural resources, so the transition to a sustainable development model is more urgent than ever. In particular, the energy sector - both an essential input for all socio-economic activities (SEA) and a major source of greenhouse gas (GHG) emissions plays a key role in this transition. According to data from the Ministry of Industry and Trade, industrial sectors consume more than 50% of the total national energy and emit about 70% of Vietnam's total greenhouse gas (GHG) emissions. Energy costs for many industries and industrial production sectors still account for more than 60% of product costs (Thanh Nguyen, 2021)... Therefore, in this period, the transition to a sustainable energy use model is urgent for the State, community and businesses.