VGI distinguished as the sole “Carbon Neutral” company in Thailand by the Thailand Greenhouse Gas Management Organization (Public Organization)

VGI PLC (“VGI”), the top Offline-to-Online (“O2O”) Solutions provider across multiple platforms, was recognised as the one and only media company in Thailand to be awarded the “Carbon Neutral” certification by the Thailand Greenhouse Gas Management Organization (Public Organization). This momentous acknowledgement is a result of the Company’s cognizance of the importance of the world’s environmental challenges, driven by various factors, not least, the rapid expansion of the global economy and technological advancements leading to an increase in resource and energy consumption. With this recognition, VGI has embarked on a mission to contribute to sustainable development and reduce its environmental impact. This endeavour began with the quantification of the carbon footprints resulting from its operations and activities in FY 2022/23.

The above led to the discovery that the Company produced a total of 2,093 tons of carbon dioxide equivalent in greenhouse gas emissions, which can be broken down into 116 tons of direct greenhouse gas emissions (Scope 1) and 1,977 tons of indirect greenhouse gas emissions from energy consumption (Scope 2). Therefore, VGI has set to curtail its greenhouse gas emissions and offset the generated amount by optimising and bolstering the efficiency of its operational processes. This initiative led the Company to attain the Carbon Neutral certification – a designation bestowed upon organisations that have effectively neutralised the aggregate greenhouse gas emissions, encompassing both direct and indirect emissions from energy consumption, bringing the total emissions to zero.

Commenting on the significant achievement, Nelson Leung, CEO of VGI, said, “This recognition of VGI as the sole media company in Thailand with the “Carbon Neutral” certification is a testament to our uncompromising determination to play a responsible role toward the society. This achievement also helps pave the way for Thailand to embark on a journey to reduce its net greenhouse gas emissions and become a low carbon society in the future.”

“Moving forward, we are committed to creating new innovations with environmental consciousness in order to contribute toward environmental conservation and sustainable development, while also delivering utmost benefits to all our stakeholders,” the CEO added.