Digital transformation promotes sustainable ESG implementation in businesses

Chuyển đổi số thúc đẩy thực thi ESG bền vững trong doanh nghiệp- Ảnh 1. — Experts and managers discuss the application of digital transformation in ESG implementation at enterprises

The ESG Vietnam Forum 2025 with the theme "Science and technology and the driving force for sustainable development" organized by Dan Tri newspaper on June 24 is a place to discuss important issues such as: How can businesses apply science and technology to improve the environment, limit negative impacts on the environment? How can businesses solve social issues such as hunger eradication and poverty reduction, improve the quality ofeducation , healthcare, create sustainable employment opportunities...

The forum also provides a comprehensive perspective on digital transformation and ESG (Environmental, Social and Governance) practices, contributing to orienting sustainable development strategies for Vietnamese enterprises.

According to Dr. Luong Thai Bao - Institute of Banking and Finance, National Economics University, Hanoi, Vietnam has identified digital transformation as a key growth driver, while ESG is increasingly focused on as a core factor helping businesses maintain sustainable development in the context of globalization and climate change. If digital transformation is the basis for promoting ESG practices in each business activity, ESG also helps businesses evaluate the actual effectiveness of the digital transformation process.

Sharing at the forum, Mr. Sam Hanna - Managing Director and Vice President of Strategy ASEAN Shell Global Lubricants - especially emphasized the role of ESG in the new context of the world economy and Vietnam.

Expert Sam Hanna said that Vietnam is facing a decisive moment with two dual requirements: rapid growth and sustainable growth. "However, these two goals are not mutually exclusive. ESG will be the bridge to connect these two requirements," emphasized the CEO and Vice President of Strategy ASEAN Shell Global Lubricants.

He also clarified the definition of ESG. ESG is really a business mindset, not just a report. ESG is a structural framework based on three main pillars: environment, society and governance. ESG will help businesses make better decisions, better strategies.

In the new context of global transformation, ESG implementation is no longer an option but has become a mandatory strategy for businesses. In fact, Vietnam has had many businesses successfully implementing ESG and achieving business results such as in the wood export, banking, and transportation industries.

Mr. Sam Hanna shares 5 steps to help businesses easily embed ESG into their business platform.

First, businesses need to determine the materiality of ESG. Businesses need to identify important ESG factors related to business operations as well as shareholders.

The second is to integrate ESG factors into key decisions, embedding them into the specific business strategy of the enterprise.

Third is measurement and management through a clear data and index system to monitor implementation results.

Fourth is innovation for sustainable development, businesses need to create products and processes to solve environmental challenges.

Fifth is to have specific commitments to shareholders, communities and regulators.

At the forum, experts also analyzed one of the common challenges that many businesses face on the digital journey associated with ESG is the lack of integrated thinking and long-term planning capacity due to the limited staff with the knowledge base and practical experience to effectively implement, while this is the result of in-depth and systematic training.

At the same time, business representatives and speakers also presented their views on the digital transformation process in production and business activities, as well as suggested technological solutions and strategic directions to improve implementation efficiency in the new context.

Thu Cuc

Source: https://baochinhphu.vn/chuyen-doi-so-thuc-day-thuc-thi-esg-ben-vung-trong-doanh-nghiep-102250624153630135.htm