In 2024, Global Finance magazine honored SHB for the second consecutive year, and as the only representative from the Asia- Pacific region, in the category of Best Sustainable Financing Bank.
Recognizing the importance of sustainable development early on, 10 years ago, SHB collaborated with international partners such as the World Bank, IFC, and ADB, and is continuing to strengthen its efforts to seek preferential medium- and long-term funding sources. Simultaneously, it provides consulting on safety and technical aspects to support its customers and SHB in effectively implementing and financing projects. In addition, SHB is increasing its investment in projects aligned with national strategies, such as sustainable agriculture, clean energy, key infrastructure projects, and logistics. Several projects have been completed and highly praised by green economy experts, such as the Hanh Phuc rice mill – the largest-scale rice mill in Asia, located in An Giang and inaugurated in January 2022. The mill was completed thanks to a VND 1 trillion funding from SHB, aiming to gradually stabilize food security and enhance the export value of Vietnamese agricultural products. The factory operates entirely using technology imported from Europe, processing rice according to international standards, meeting stringent global standards for food safety and environmental friendliness, contributing to enhancing the value of Vietnamese rice. The factory's fresh paddy drying capacity reaches 4,800 tons/day, milling and processing capacity is approximately 1,600 tons/day, and the total finished rice production capacity reaches 1,000 tons/day. Green energy projects are always a priority for SHB. The Yang Trung wind power plant, one of the large wind power clusters located in Gia Lai, has a total generating capacity of up to 145 MW, contributing nearly 1 million MWh to the national power grid annually. With 36 wind turbines, the plant has a projected total investment of VND 6,246 billion, with the majority of the funding coming from SHB. In the Central Highlands, SHB also disbursed over 584 billion VND, equivalent to 70% of the total investment capital for the construction project of the Dak Sin 1 Hydropower Plant. In the Northern and North Central regions, SHB also invested in the Nam Luc Hydropower Plant (Lao Cai) and the Bai Thuong Hydropower Plant (Thanh Hoa). Besides agricultural and clean energy projects, SHB has actively invested in key national projects and logistics projects. In 2013, SHB financed 6,200 billion VND for key national transportation and infrastructure projects such as the three-tiered overpass at the Hue-Da Nang intersection; the expansion of National Highway 1 through Thua Thien Hue and Khanh Hoa, etc. Logistics and port transport have been identified as key economic sectors of the country. Towards achieving the six goals in the "Action Plan to Enhance Competitiveness and Development of Vietnam's Logistics Services by 2025" set forth by the Government, SHB is providing financing for the Vinh Phuc ICD Logistics Center – the inaugural project of the ASEAN Intelligent Logistics Network (ASLN), a collaborative project between Vietnam and Singapore, promoted by the Prime Ministers of both countries. The project covers an area of 83 hectares, with a total investment of over US$200 million and a designed cargo handling capacity of approximately 530,000 TEU/year. The post SHB Honored for the Second Consecutive Year as Best Sustainable Financing Bank appeared first on SHB Bank.
SourceBesides its policies, governance objectives, and measurable achievements in sustainable financing, Global Finance highly appreciatesSHB's corporate social responsibility projects, notably the "Supporting COVID-19 Impact Mitigation for Women-Owned Businesses" program funded by the ADB. By the end of 2022, SHB led among the five participating banks in the project, with a total of US$1.7 million in non-refundable grants from the ADB to directly support customers.
SHB was also awarded the "Best ESG Impact Bank in Vietnam" by Asiamoney and FinanceAsia magazines for its positive impacts related to the environment, society, and governance. At the Green Economy Forum for a Sustainable Nation organized by the Vietnam Environment Association, SHB was among the Top 10 green and sustainable businesses, and was also recognized as one of the Top 10 banks for effectively arranging investment capital for energy projects in Vietnam during the 2017-2021 period by the Vietnam Energy Association…
Promoting Green Capital Flows, SHB accompanies the sustainable development of the country. As a crucial financial supply channel for the economy , the banking system in general and SHB in particular always recognize their role and responsibility in "greening" capital flows for sustainable development goals, actively accompanying the Government towards addressing climate change. As a top 4 private commercial bank, SHB has consistently supported the sustainable development of the country, focusing on financing in agriculture, forestry, food processing, and industry, especially investing in green energy and renewable energy projects, infrastructure development, and building a circular economy for key regions nationwide. “For two consecutive years, surpassing 13 countries and territories in the Asia-Pacific region to win the “Best Sustainable Financing Bank” award, SHB has affirmed its correct direction in meeting and complying with guidelines on promoting green credit, such as the IFC and State Bank of Vietnam’s guidelines on environmental risk management in lending activities; and on that basis, developing regulations on managing environmental and social risks in lending activities at the bank,” an SHB representative shared. SHB applies a set of environmental and social risk assessment tools with many strict criteria issued by the State Bank of Vietnam and IFC. Therefore, projects receiving funding must meet stringent conditions according to domestic and international standards on environmental protection, energy conservation, and resource management. Beyond providing capital support, SHB also accompanies project owners through technical safety consulting, capacity building, etc., helping customers meet the requirements of international organizations, providing carbon financing programs, training programs, and loan guarantees. “We aim for green credit at SHB to account for 10% of the bank's total outstanding loans within the next five years. This is a rather challenging goal, but it affirms SHB's sustainable commitment to a long-term, stable development strategy, in line with national policies, and the Prime Minister's commitment at COP26 to bring net emissions to “zero” by 2050,” an SHB representative emphasized. Recognizing the importance of sustainable development early on, 10 years ago, SHB collaborated with international partners such as the World Bank, IFC, and ADB, and is continuing to strengthen its efforts to seek preferential medium- and long-term funding sources. Simultaneously, it provides consulting on safety and technical aspects to support its customers and SHB in effectively implementing and financing projects. In addition, SHB is increasing its investment in projects aligned with national strategies, such as sustainable agriculture, clean energy, key infrastructure projects, and logistics. Several projects have been completed and highly praised by green economy experts, such as the Hanh Phuc rice mill – the largest-scale rice mill in Asia, located in An Giang and inaugurated in January 2022. The mill was completed thanks to a VND 1 trillion funding from SHB, aiming to gradually stabilize food security and enhance the export value of Vietnamese agricultural products. The factory operates entirely using technology imported from Europe, processing rice according to international standards, meeting stringent global standards for food safety and environmental friendliness, contributing to enhancing the value of Vietnamese rice. The factory's fresh paddy drying capacity reaches 4,800 tons/day, milling and processing capacity is approximately 1,600 tons/day, and the total finished rice production capacity reaches 1,000 tons/day. Green energy projects are always a priority for SHB. The Yang Trung wind power plant, one of the large wind power clusters located in Gia Lai, has a total generating capacity of up to 145 MW, contributing nearly 1 million MWh to the national power grid annually. With 36 wind turbines, the plant has a projected total investment of VND 6,246 billion, with the majority of the funding coming from SHB. In the Central Highlands, SHB also disbursed over 584 billion VND, equivalent to 70% of the total investment capital for the construction project of the Dak Sin 1 Hydropower Plant. In the Northern and North Central regions, SHB also invested in the Nam Luc Hydropower Plant (Lao Cai) and the Bai Thuong Hydropower Plant (Thanh Hoa). Besides agricultural and clean energy projects, SHB has actively invested in key national projects and logistics projects. In 2013, SHB financed 6,200 billion VND for key national transportation and infrastructure projects such as the three-tiered overpass at the Hue-Da Nang intersection; the expansion of National Highway 1 through Thua Thien Hue and Khanh Hoa, etc. Logistics and port transport have been identified as key economic sectors of the country. Towards achieving the six goals in the "Action Plan to Enhance Competitiveness and Development of Vietnam's Logistics Services by 2025" set forth by the Government, SHB is providing financing for the Vinh Phuc ICD Logistics Center – the inaugural project of the ASEAN Intelligent Logistics Network (ASLN), a collaborative project between Vietnam and Singapore, promoted by the Prime Ministers of both countries. The project covers an area of 83 hectares, with a total investment of over US$200 million and a designed cargo handling capacity of approximately 530,000 TEU/year. 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