Sharing at the first ESG Vietnam Forum with the theme "Sustainable development strategy in the new era" on April 23, Mr. Nguyen Van Khoa, General Director of FPT Corporation and Chairman of the Vietnam Software and Information Technology Association (VINASA) shared about informal governance practices at FPT.
Mr. Khoa said that when implementing ESG, FPT Corporation does not consider itself as a large enterprise but operates like other normal enterprises. FPT has practiced ESG for more than 10 years, but the past 4 years have been the time when the enterprise has implemented it on a comprehensive scale, from internal to all partners to create connection points.
According to Mr. Khoa, applying ESG to strategy building is very important because it creates sustainability, creating "resistance" for businesses to fight against rapid changes of the times.
"Bringing ESG into core operations will enhance operations, expand sustainable growth, create a good environment, and attract young workers," he said.
At the event, Mr. Khoa shared 3 principles of ESG implementation at FPT. The first is not to copy. "We learn but do not copy. I think businesses must build ESG implementation factors for businesses regardless of whether the business has only 3-5 people," Mr. Khoa stated.
Second is not to back down. Mr. Khoa said that this business not only builds reports with beautiful content, but also has to implement them in its own operations.
Third, ESG practices must be measurable. There are quantitative and qualitative measures.
In response to concerns about why businesses must implement ESG, Mr. Khoa said that ESG is a common point for cultural exchange and customers sometimes do not want to leave FPT because the business brings them a special working culture.
He also informed that the strategic framework for ESG implementation at FPT is built on 5 principles, including promoting sustainable growth, increasing labor productivity, saving costs, building a happy working environment, and contributing to the community.
At the forum, Mr. Khoa shared the story of FPT building a happy working environment, applying science and technology, and innovation. "For a business to develop sustainably, the working environment must be kind, humane, and creative, otherwise it cannot work with its customers," Mr. Khoa said.
He also shared that at FPT, a human-centered unit, "having good and talented people is one thing. The important thing is finding the right people."
In addition, this business creates a lifelong learning environment: "We continuously learn and share. This is the reason why we have grown continuously over the years. Mr. Truong Gia Binh has 90 hours of class time a year, I also have 75 hours. If I don't attend enough classes, my 13th month salary will be reduced by a quarter."
Mr. Khoa also shared that one of the important factors at FPT is building a green working environment with green offices, open spaces, controlling electricity and water consumption, and implementing paperless offices.
"We are present in 30 countries and always have to calculate how to keep FPT's energy consumption as low as possible. We control electricity consumption and control the paperless working system," Mr. Khoa shared.
At the event, Mr. Khoa proposed that the Government issue legal frameworks and national ESG standards, affirming that FPT is ready to accompany in standardizing ESG index sets suitable for Vietnam and approaching international standards.
Along with that, FPT representative also proposed promoting green finance, capital incentives for businesses implementing ESG, as well as reducing financial burden for small and medium enterprises.
Notably, FPT also launched an initiative to build a domestic ESG network led by enterprises, with specific actions such as building a national ESG ecosystem, integrating ESG into products and services, bringing ESG into education, and raising awareness about ESG.
"Don't see ESG as a burden, see it as an opportunity. If you see ESG as an opportunity, there will always be a way to do it," said Mr. Khoa.
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Source: https://doanhnghiepvn.vn/kinh-te/kinh-doanh/ceo-fpt-nguyen-van-khoa-hay-coi-esg-la-mot-co-hoi/20250425014710903
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