The green industry helps reduce negative impacts on the environment. (Source: baotainguyenmoitruong.vn) The seminar is an opportunity for representatives fromministries, agencies, organisations, and businesses to discuss environmental,social, and corporate governance (ESG) practices and share practical knowledgeand experience, contributing to realising the nation's sustainable developmentgoals.
It is set to be held in two sessions, focusing ondifficulties and challenges in the implementation of ESG in Vietnam, as well asinternational experiences and recommendations to help the government andbusinesses adopt the standards.
Participants include leaders and representatives fromministries, agencies, sectors, international organisations, economic experts,and business executives from both within and outside the country.
Speaking at the opening ceremony, VNA Deputy General Director Doan Thi Tuyet Nhung said more and more Vietnamese firms havebeen taking a proactive stance in reducing carbon footprint, waste and engagingin socially responsible business practices to meet Vietnam's ESG standards.
She said that once successfully implemented, ESG will playan important part in helping businesses identify key issues and to realisetheir full potential.
Research data indicated that not only are Vietnamesebusinesses becoming increasingly aware of ESG as a means to attract foreigninvestment, but consumers are starting to make purchase decisions based on thebrand's commitment to ESG. However, integrating and incorporating ESG standardsinto brand development still faces numerous difficulties and challenges.
Vice Chairman of the Vietnam Chamber of Commerce andIndustry (VCCI) cum Chair of the Vietnam Business Council for SustainableDevelopment Nguyen Quang Vinh said 80% of businesses based in Vietnam,according to a survey by PwC and the Vietnam Institute of Directors (VIOD) in2022, said they are committed to the country's ESG implementation or soon tobuild their own.
Vinh said businesses can use the Corporate Sustainability Index, established byVCCI in 2016, to review their ESG performance to identify weaknesses andpotential.
Honoured to accompany the event, SABECO, Nestlé Vietnam,Standard Chartered Bank Vietnam, Unilever Vietnam, DEEP C Industrial Zones, andSchneider Electric Vietnam affirmed their interest in activities to acceleratethe ESG practicing journey in the country./.
VNA
