Ho Chi Minh City, July 29, 2024 – VTSG Group and ESG Service Corporation Association have inked a pivotal Memorandum of Understanding (MOU) to collaborate on Nature-based Solutions (NbS) projects certified under Verified Carbon Standards (VCS) and Gold Standard (GS). This strategic partnership signifies a shared commitment to environmental sustainability and economic growth.
The signing ceremony, attended by senior officials and stakeholders from both organizations, highlighted the mutual benefits expected from this collaboration. The MOU outlines a comprehensive framework for cooperation, focusing on project implementation, technology exchange, and capacity building. During the Agreement both parties will work closely to develop innovative solutions for carbon credit certification and trading.
Key Aspects of the MOU
1. Project Development and Implementation:
VTSG Group and ESG Service Corporation Association will jointly develop NbS projects, targeting certification under VCS and GS. These projects will aim to reduce greenhouse gas emissions and enhance biodiversity conservation.
2. Technology and Knowledge Exchange:
The partnership will facilitate the exchange of technological expertise and best practices in sustainable development. Both organizations will collaborate on research and development to improve project outcomes.
3. Capacity Building and Training:
The MOU includes provisions for training programs to build capacity among stakeholders. This will ensure the effective implementation and management of NbS projects, fostering local expertise in carbon credit methodologies.
Statements from Leadership
Mr. Le Minh Tien, CEO of VTSG Group, expressed his enthusiasm for the partnership, stating, “This MOU marks a significant milestone in our journey towards sustainable development. By joining forces with ESG Service Corporation Association, we are poised to make a substantial impact on carbon reduction and biodiversity enhancement.”
The President of ESG Service Corporation Association, echoed these sentiments, “Our collaboration with VTSG Group is a testament to our shared vision for a greener future. Together, we will pioneer innovative solutions that not only address climate change but also drive economic growth.
