Comprehensive sustainable development solutions for businesses in the new era

ESG - from strategic concept to operational standard

The workshop series has 4 in-depth discussion sessions with the participation of speakers including: Dr. Phung Van Dong, Director of AIT Vietnam, senior expert on innovation and design thinking; Mr. David Galipeau, Director of SDGx Near Future Lab; Associate Professor, Dr. Nguyen Dinh Tho, Deputy Director of the Institute of Strategy and Policy on Agriculture and Environment; Ms. Pham Tuyen, Business Director at MISA Joint Stock Company.

At the workshop, speakers and experts commented that in the context of increasing pressure from the global value chain and new standards of sustainable development, Vietnamese enterprises, especially small and medium enterprises, are facing an urgent need to adapt, innovate and restructure comprehensively. ESG, digital transformation and green finance are no longer distant trends but are becoming prerequisites for survival, development and breakthrough.

Focusing on clarifying the role of ESG for businesses with a vision for rapid and sustainable development, opinions and discussions agreed that this legal framework is increasingly becoming an indispensable evaluation criterion from international financial institutions, export markets and global supply chains.

Experts also emphasized that ESG is being likened to a “green passport” that helps businesses access capital, expand markets and improve competitiveness; at the same time, it guides how to build effective ESG reports, choose appropriate standard frameworks (GRI, SASB, TCFD, etc.); clearly distinguish between ESG - CSR - SDGs so that businesses understand correctly and do correctly.

Digital transformation is the launch pad for ESG strategy

At the workshop, speakers focused on clarifying the contents related to digital transformation, not only in terms of digitalizing operations but also as a foundation for integrating ESG into the corporate structure.

Accordingly, three prominent digital transformation directions were shared, including: Workflow Automation to reduce errors and save resources; customer data analysis to enhance experience and customize services; digital platform integrating green finance, connecting with ESG credit and sustainable investment ecosystem.

Dr. Phung Van Dong, Director of AIT Vietnam.

Experts introduce design thinking - an innovative approach that helps businesses understand the problem before building a solution. Common failures in the digital transformation process are analyzed to draw out the core principle: No solution is suitable without starting from understanding the user and the internal capacity of the business.

Innovative models are illustrated through practical case studies such as QR code application in customer identification, digital building energy management, etc., helping businesses make feasible progress despite limited resources.

Green Finance - Capital Strategy for Sustainable Development

In this series of seminars, in-depth content on green finance is covered to help businesses grasp the role of green capital flows in the global context of promoting emission reduction and environmental protection.

According to the representative of AIT Vietnam, the event is not only expected to help businesses update new management tools, but more importantly, to form a sustainable development mindset, improve access to capital and enhance competitiveness in the global environment.

Since 2011, when cooperating with IFC, VietinBank has gradually integrated ESG principles into its operations, governance and product design. Green financial solutions such as the VND5,000 billion Green Up preferential credit package or the Green Deposit product are not only proof of the Bank's commitment to sustainable development, but also open up opportunities for the business community to access green capital.

VietinBank also developed a Sustainable Finance Framework to provide specific guidelines for the financing and management of the Bank's sustainable development financing. VietinBank's Sustainable Finance Framework was assessed by an independent second party - Morningstar Sustainalytics as "credible and impactful" for sustainable development.

In addition, VietinBank is building a comprehensive ESG ecosystem, supporting businesses not only in terms of capital but also in consulting and technical solutions. The Bank is proud to be a pioneer in implementing green credit policies in line with the direction of the Government and the State Bank. VietinBank was also honored as a typical bank in green credit by the International Data Group IDG.

Source: https://hanoimoi.vn/complete regional-development-solution-for-businesses-in-the-new-ky-nguyen-707351.html