ANTD.VN - As a model of sustainable development (PTBV) with good practices in all 3 criteria of Environment - Society - Governance (ESG), Vinamilk continues to be a highly appreciated name in the Top 10 sustainable development enterprises in Vietnam 2024 for the 9th year.
Ready for the “green era”
“Enterprises Rising in the Green Era” was chosen by VCCI as the theme for the 2024 Vietnam Sustainable Enterprises Announcement Ceremony, conveying the message of supporting Vietnamese enterprises on the journey of sustainable business. Continuing to be highly appreciated for sustainable development, Vinamilk has been in the Top 10 sustainable development enterprises in the manufacturing sector for 9 consecutive years since the program was launched.
From nearly 500 enterprises nationwide participating in the selection, the typical enterprises passed the evaluation criteria of up to 153 indicators, including 62% compliance indicators and 38% advanced indicators. This is to evaluate enterprises in comprehensive aspects, in addition to economic efficiency are ESG indicators: corporate governance, society, environment.
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| Vinamilk is in the Top 10 Sustainable Enterprises in the manufacturing sector at CSI 2024 for the 9th consecutive year |
In the context that global enterprises are gradually practicing sustainable development according to the three ESG pillars as a mandatory trend, Vinamilk's efforts in implementing ESG not only create good practices in the dairy industry but also contribute to the sustainable development of the economy and society.
Sustainable Development Management
Vinamilk is a pioneer in implementing sustainable development practices very early, with many programs dating back 10-20 years and managed systematically. In addition, this enterprise has also shown its initiative in "upgrading" its management models to new and increasingly higher standards and norms. Thereby, promoting a stronger green transformation process and catching up with global sustainable development trends.
First, about environmental commitment (E) : Vinamilk has made an ambitious but strong commitment - to achieve Net Zero by 2050. To achieve this goal, Vinamilk has implemented many steps of green production transformation such as using renewable energy, converting technology, optimizing production processes and increasing circulation and recycling. Up to now, 2 factories and 1 farm of the enterprise have achieved Carbon neutral certification according to the international standard PAS 2060:2014.
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| The ecological farm model "Vinamilk Green Farm" follows the direction of sustainable agriculture, reducing emissions |
In addition, Vinamilk has implemented many projects to form carbon sinks from forests, protect the environment, and limit the impact of climate change. A typical example is the program "1 Million Trees Fund for Vietnam" that this enterprise successfully implemented in 2020. Next is the project "Net Zero Forest" aiming at the goal of Net Zero 2050, with the enterprise's expected investment budget for forest planting up to 25 billion VND, in the period from now to 2030.
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| Vinamilk invests 4 billion VND to regenerate 25 hectares of mangrove forest in Ca Mau in 6 years |
Next is “S” (Social) which is understood as the impact of businesses on society and people in the direction of sustainable development. This is considered a “difficult” criterion for businesses because the impact is broad, including many internal and external stakeholders such as the community, consumers, external partners to employees, workers, etc.
Talking about the letter “S”, the head of the company, Ms. Mai Kieu Lien once shared: “I often tell my employees that our actions must never harm others. All of Vinamilk’s investment activities must demonstrate benefits, not only for themselves, but also for stakeholders such as shareholders, employees, local people... Whatever benefits people, Vinamilk will do!”.
The Vietnam Grow Up Milk Fund with the mission of “Let every Vietnamese child drink milk every day” is a typical example of Vinamilk in this aspect. It can be said that this is the largest and longest-term nutrition care program implemented by the enterprise, contributing to raising public awareness of child nutrition issues.
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| The Vietnam Grow Up Milk Fund has been implemented by Vinamilk since 2008, bringing milk to more than half a million disadvantaged children. |
In addition to its social responsibility activities, Vinamilk has helped farmers become a link in the sustainable value chain from its own farms. From more than 4,000 dairy farming households with stable output, to households cooperating to provide green food such as grass and corn for Vinamilk farms with an annual income of billions of dong.
Finally, it can be said that Governance (G) is a prominent aspect that plays a major role in Vinamilk's PTBV strategies. Vinamilk has built a transparent and effective governance system, ensuring that all activities comply with international standards, thereby ensuring the interests of stakeholders. Vinamilk's governance performance is highly appreciated when it is always in the Top Vietnamese enterprises with the highest corporate governance scores in the ASEAN Corporate Governance Scorecard.
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| Vinamilk is in the Top 10 best corporate governance enterprises in 2024 and is the only unit to be assessed as Governance beyond compliance. |
On the stock market, Vinamilk's VNM stock has been in the Top 20 stocks with the best sustainability index (VNSI) for 8 consecutive years. Vinamilk's total ESG score in 2024 reached a high of 83%, of which the Governance score (G) was 85%, much higher than the industry average. Not only based on common standards on sustainable development such as GRI, SDG... for many years, Vinamilk has included in its reports additional standards and guidelines specific to the industry. Thanks to that, increasing comprehensiveness and transparency, governance activities are increasingly closer to the activities of the company and the whole industry to orient ESG goals.
Source: https://www.anninhthudo.vn/dau-tu-cho-quan-tri-moi-truong-xa-hoi-vinamilk-9-nam-lien-thuoc-top-phat-trien-ben-vung-viet-nam-post597881.antd
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