Amidst global sustainability demands, Vietnamese companies are urged to embrace Environment, Social, and Governance (ESG) practices for long-term success.
ESG Initiative Vietnam 2024, co-launched by USAID and MPI, continues on from previous programs and aims to promote sustainable business practices among private enterprises and implement an ESG assessment framework.
Ms. Michele Wee, CEO of Standard Chartered Bank Vietnam, tells VET about how the bank promotes sustainable development and the application of ESG at businesses in Vietnam.
The ESG (environmental, social, and governance) index is becoming an important factor in Vietnam, expressing the situation at enterprises and facilitating the promotion of local enterprises in the world. PwC Vietnam will release its “ESG Readiness in Vietnam in 2022” report on October 26, helping enterprises develop ESG transformation strategies.
A report from the World Business Council for Sustainable Development (WBCSD) assessing the status of certain industrial parks in Vietnam under Environment - Social - Governance (ESG) criteria shows that more and more businesses are becoming interested in the topic. However, the criteria are still a challenge and the number of businesses using them remains modest. It is necessary for business leaders to promote investment and a holistic mindset.
In the context of rising concerns about climate change, natural habitat loss, Covid-19, and regional conflicts, investors are increasing their interest in environmental, social, and governance (ESG) criteria to minimize potential risks.