Green mark at MB

This standard is intended to measure corporate performance that socially responsible investors use to screen potential investments.

MB's Green Mark

As a bank with the best operational efficiency and risk management in the market, since 2017, Military Bank (MB) has paid more attention to community and social activities... From 2023, MB has committed to implementing ESG strategy systematically, according to international measurement standards. This is considered a premise for sustainable development projects at MB, and at the same time, a manifesto of a new generation of "green" MBs in the next stage of development.

In addition to volunteer activities, spreading social responsibility such as the project "Building a Vietnamese volunteer social network" - a volunteer application chaired and built by MB, each of MB's products also bears the "green" mark.

Specifically, in each product and service of MB today, in addition to meeting the increasing needs of customers, it also always emphasizes the application of ESG criteria. Since 2021, nearly 90% of MB's internal operations have not used documents, but applied digitalization. And up to now, the number has increased to almost completely paperless, that is, the rate has reached approximately 100%.

For customers, MB has also digitized up to 90% of products integrated on the MBBank App ecosystem for individual customers, MBBank Biz App for corporate customers, along with lifetime free policies, helping to minimize the use of documents in service stages, making the most of technology to reduce costs, time and effort for both customers and bank staff.

In the credit structure, MB also focuses more on sustainable development factors. By the end of 2022, the proportion of outstanding loans for green projects at this bank had increased 2.5 times compared to 2020. Of which, capital for renewable energy and clean energy projects accounted for more than 90% and almost all of it was medium and long-term loans, marking a shift in credit orientation towards sustainability at MB. In particular, the bank also has specific regulations for the Fund to implement environmental risk management.

Currently, MB is providing finance for more than 30 solar and wind power projects with a total scale of about 70,000 billion VND, helping investors generate about 3,600 MW of renewable energy, contributing to increasing clean energy sources to meet the sustainable growth needs of the economy . Reputable renewable energy projects in the South Central, Central Highlands and Southwest regions... are all receiving contributions from MB.

The "green" mark in the above credit flow shift at MB has an important role of Mr. Pham Nhu Anh, General Director of the bank. Previously, as a member of the Executive Board, Mr. Anh made many proposals and contributions to the State Bank, the Ministry of Industry and Trade, EVN as well as the Ministry of Finance at seminars on mechanisms and policies for renewable energy development to remove obstacles and support the unblocking of capital flows for credit serving renewable energy projects.

Bank with strong and sustainable business performance, top in the system

In the second quarter of 2023 financial reporting season, MB is one of the banks with the best business results in the joint stock commercial group. Even considering the consolidated bank (including parent bank and subsidiaries), MB's business results are also very good.

MB also owns a large number of individual customers in the private equity trading group, a total of 23.5 million individual customers and nearly 300 thousand corporate customers. This remarkable achievement is largely due to MB's methodical strategy of complying with ESG regulations over the past years.

Applying ESG criteria, Military Bank has achieved impressive numbers.

MB is considered a bank with stable, continuous and sustainable development in the top, despite market fluctuations. These results also show the correctness of the development strategy that the bank has chosen, especially the commitment to implement ESG according to international measurement standards from 2023. And with the chosen sustainable development path, the goal of "top 3 market in terms of efficiency, top in Asia" and the vision of "Becoming a digital enterprise, leading financial group" for the period 2022 - 2026 will certainly not be difficult for MB.

Source link: https://thanhnien.vn/dau-an-xanh-o-mb-nen-tang-cho-phat-trien-ben-vung-18523080907505565.htm