OVERVIEW OF SUSTAINABLE DEVELOPMENT

ESG

Sustainable development is a core and overarching orientation in the production and business operations of Petrovietnam Drilling & Well Service Corporation (PV Drilling). Amid the global energy industry’s transition toward safer, more efficient and lower - emission practices, PV Drilling recognizes the integration of Environmental, Social, and Governance (ESG) factors into its management and operational activities as an essential requirement to ensure compliance, establish a solid foundation for sustainable growth, and strengthen stakeholder confidence.

Environmental Social Governance
 

Sustainable Development in Operations

PV Drilling implements its sustainable development initiatives based on a balanced integration of economic efficiency, environmental protection, and social responsibility. Sustainability objectives and related initiatives are embedded across key processes, including strategic planning, risk management, investment activities, drilling rig operations, and technical service provision. The Corporation’s key focus areas include ensuring occupational health and safety, improving resource efficiency, controlling emissions, and developing a professional and cohesive workforce. Performance monitoring through key performance indicators (KPIs) enables PV Drilling to evaluate implementation effectiveness, promote continuous improvement, and enhance transparency.

 

Alignment with PVN’s Sustainable Development Strategy

PV Drilling's sustainable development orientations and activities are implemented in line with the sustainable development direction of the Vietnam National Industry - Energy Group (PVN), especially in the areas of safety, environmental protection, energy transition, and social responsibility. On this basis, PV Drilling proactively applies internationally recognized management systems, ensures compliance with applicable legal and regulatory requirements, and actively participates in joint programs and initiatives of PVN.

 

Leadership Commitment

The Board of Directors and Management of PV Drilling are committed to championing and promoting the spirit of sustainable development across the entire system, recognizing it as a shared responsibility of both the organization and each employee, with the aim of achieving stable, responsible, and sustainable growth.

ESG GOALS & COMMITMENTS

ESG

PV Drilling recognizes that the establishment and implemention of clear, measurable, and trackable ESG (Environmental, Sustainable, and Governance) objectives form the foundation for the effective and transparent execution of its sustainable development strategy. These ESG objectives are developed based on assessments of material issues, tailored to the specific characteristics of drilling and petroleum technical services operations, and closely aligned with the Corporation's production and business strategy as well as risk management system.

Environmental Social Governance
 

Environmental

In the environmental domain, PV Drilling is committed to the efficient use of energy and natural resources, the control and reduction of greenhouse gas emission intensity, and the management of wastewater and solid waste in accordance with applicable legal requirements and international standards. The Corporation’s environmental objectives focus on pollution prevention, minimizing environmental incidents, and reducing impacts on ecosystems, particularly in offshore operations.

 

Social

In the social field, PV Drilling places occupational safety and health as a top priority, striving to create a safe, cohesive, and professional working environment. The Corporation’s social commitments focus on maintaining an effective safety management system, enhancing employee capabilities, fostering a safety culture, and fulfilling its responsibilities to the community through social welfare programs in its areas of operation.

 

Governance

In the area of governance, PV Drilling is committed to upholding the principles of good corporate governance and enhancing transparency, integrity, and efficiency in its management and operations. The Corporation’s governance priorities focus on anti - corruption, legal and regulatory compliance, strengthened risk management, internal controls, as well as improving the quality of information disclosure.

 

Quantified ESG Targets for the 2026–2030 Period

To ensure feasibility and accountability, the PV Drilling Board of Directors has approved and issued the ESG Targets and the Quantified ESG Targets for the year 2026 and a vision to 2030. These documents clearly define key indicators, timelines, and baseline data, serving as the foundation for monitoring, evaluating, and disclosing the Corporation's ESG performance.

KEY HIGHLIGHT

2024
CO2e emissions
CO2e Emissions
0
(Compared to 2023)
Solid waste
Solid Waste
0
(Compared to 2023)
Tree planting
Planting
0
(2022–2024)
Water reuse
Amount of water reused
0
Training
Number of training participations
0
Social welfare
Total social security budget
0
(Over 23 years)

CONTACT

Address
4th Floor, Sailing Tower, 111A Pasteur Street,
Sai Gon Ward, Ho Chi Minh City
Personnel in charge
Mrs. Nguyen Thi Thuy Van
Environment & Quality Team Leader
Phone
(+84-28) 3914 2012 (ext: 794)
Fax
(+84-28) 3914 2021 – 3914 2022

backtotop