Social and governance esg

ESG is a set of standards to measure factors related to sustainable development and the impact of businesses on the community, which consumers are paying more attention to. They want their shopping and consumption habits to leave the smallest environmental footprint possible. Not only consumers, global investors are also placing emphasis on ESG. This trend is even more pronounced after the Covid-19 pandemic. According to a PWC's report, investors increasingly want to hear more from companies about their ESG-related commitments with 83 percent surveyed saying it is important that reports provide detailed information about progress toward ESG goals. In Vietnam, the government has been taking important initial steps to catch up with the global trend. The Resolution of the 13th National Party Congress has determined the development plan for the 2021-2030 period, emphasizing the goal of ensuring social and human security, and managing resources effectively and sustainably. On Feb. 8, … [Read more...] about Businesses accelerate ESG strategy

Jorge Rubio, Citi’s global head of Social Finance visited Vietnam for meetings with several Vietnamese tech and digital clients. Citi has been discussing social impact loan transactions with many of these clients as their businesses are impacting many areas, including education, healthcare, and financial inclusion for the underserved segments in Vietnam. Potential resulting transactions are expected to contribute towards Citi’s Social Finance commitments that include the bank’s $1 trillion 2030 Sustainable Financing Goal of which $500 billion is for Social Finance and its goal to expand basic service access for 15 million households, including 10 million women by 2025. Citi aims to be named among the world’s leading banks in driving the transition to net zero The visit of Citi Asia Pacific head of Sustainability and Corporate Transitions Rapheal Erasmus follows the MoU for the Cooperation on Environmental, Social, and Governance (ESG) towards Vietnam’s 2050 net … [Read more...] about Citi works towards sustainability and client support in Vietnam

This activity not only supports Vung Tau to gear itself toward becoming a green city and responds to the call from the prime minister for one billion trees to be planted nationwide from 2021 to 2025, but also demonstrates the environmental, social, and governance strategy (ESG) that the company is pursuing – in which reaching net-zero is one of the major commitments. The impact of climate change and natural disasters has become increasingly complex, affecting all aspects of socioeconomic life and the environment and threatening the country’s sustainable development. Therefore, planting and protecting forests and developing trees for environmental protection is of vital significance. Since 2021, Vietnam has been rolling out a project to plant one billion trees by 2025. On a local scale, many cities and provinces have responded to the project by encouraging people to plant trees at home or through community programmes. For Vung Tau, this project not only increases the … [Read more...] about SCG Chemicals and Long Son Petrochemicals join Vung Tau to plant trees

Malaysian Prime Minister Ismail Sabri Yaako. (Photo: VNA) Kuala Lumpur (VNA) – Malaysia wishes to explore new cooperation related to environmental, social and governance (ESG) with Japan under the Look East Policy (LEP), according to Prime Minister Ismail Sabri Yaakob. The Malaysian government adopted LEP in 1982, and targeted social and economic development in the country through learning from Japan. The World Economic Forum's Global Risks Report (WEF) 2022 noted that issues such as climate change, social impact due to aging population and social polarisation after the COVID-19 pandemic are expected to seriously impact the economy and livelihood of most countries in the next 10 years, he said in his keynote address at an event to commemorate the 40th anniversary of the LEP. He urged that new areas of cooperation related to the ESG can be explored by both countries through projects and programmes implemented under LEP. This includes diversifying cooperation in … [Read more...] about Malaysia keen on strengthen ties with Japan under Look East Policy

New potential and trends The Indochina Kajima Development Company, a joint venture between Indochina Capital and Kajima Corporation, recently launched an industrial real estate investment and development platform focused on the nationwide roll out of factory and warehouse properties for lease throughout the country’s key manufacturing and logistics markets. The Core5 Vietnam platform ( www.c5ip.vn ) plans to offer industrial assets of some US$1 billion in the next 5-7 years. Germany’s Framas Group has rented a ready-made factory area of ​​20,000 square meters in the KTG Industrial Nhon Trach 2 project (Dong Nai Province). Framas specializes in the production of high-quality plastic parts for customers such as Nike and Adidas. According to Fabian Urban, Head of Footwear Technology at Framas Vietnam, Vietnam was chosen as a factory site because of its superior facilities compared to other locations. The establishment of the new factory is part of the group’s strategy to … [Read more...] about Industrial real estate market recovers strongly

McKinsey and Company on August 3 released the report “Can Vietnamese banks seize the green bond opportunity?”, which analyses the preconditions leading to the growth of green-bond markets and urges Vietnamese banks to take timely action to reap the rewards from this segment. New solutions in green finance are crucial because the climate transition is accelerating, Photo: Shutterstock The report indicates that the demand for financing of projects with environmental benefits in Vietnam has grown year by year, totalling more than $10 billion annually from 2018 to 2020 and $21 billion in 2021. This increase is forecasted to continue, based on market momentum, Vietnam’s latest draft of Power Development Plan VIII, and the country’s net-zero commitments. Finance-wise, McKinsey estimates that issuing bonds for environmental, social, and governance (ESG) projects may bring Vietnam’s financial institutions roughly $1.7 billion in revenue by 2025, with $1.5 billion coming from … [Read more...] about New finance instruments in play for climate future