SHB was honored for the second consecutive year as the Bank with the best Sustainable Financing activities.

SHB is the only representative in Asia-Pacific to be honored by Global Finance as “Bank with the best Sustainable Financing activities in 2024” for the second consecutive time. Green credit at SHB in 2023 grew impressively compared to 2022, thereby affirming its position as one of the private commercial banks actively providing green loans in Vietnam.

In 2024, Global Finance magazine honored SHB for the second consecutive year and was the only representative in Asia - Pacific in the category of Bank with the best Sustainable Financing activities.

In addition to policies, governance goals and measurable achievements in sustainable financing activities, Global Finance highly appreciated SHB in community responsibility projects, notably the program "Support to minimize the impact of COVID-19 for women-owned businesses" funded by ADB. By the end of 2022, SHB is leading among the 5 banks participating in the project with a total amount of non-refundable aid from ADB to directly support customers up to 1.7 million USD.

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 Development Nation organized by the Vietnam Environmental Association, SHB was in the Top 10 green and sustainable enterprises, and was also in the Top 10 Banks effectively arranging investment capital for Vietnam energy projects in the period 2017-2021 honored by the Vietnam Energy Association…

Promoting green capital flows, SHB accompanies the country's sustainable development As an important financial supply channel for the economy, the banking system in general and SHB in particular always identify their role and responsibility in "greening" capital flows for sustainable development goals, actively accompanying the Government towards the goal of responding to climate change. With the position of a private joint stock commercial bank in the top 4, always accompanying the country's sustainable development, in recent times, SHB has focused on promoting capital funding in the fields of agriculture, forestry, food processing, industry, especially investing in green energy projects, renewable energy, infrastructure development, building a circular economy for key regions across the country. “For two consecutive years, surpassing 13 countries and territories in Asia-Pacific to win the award of “Bank with the best sustainable financing activities”, SHB has affirmed the right direction in meeting and complying with the guidelines on promoting green credit such as the IFC and SBV Guidelines on environmental risk management in credit granting activities; on that basis, developing the Regulation on Environmental and Social Risk Management in Credit Granting Activities at Banks”, SHB representative shared. SHB applies a set of environmental and social risk assessment tools with many strict criteria issued by the State Bank and IFC. Therefore, funded projects must meet strict conditions according to domestic and international standards on environmental protection, energy and resource saving. In addition to 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 in the next 5 years. This is a rather challenging goal, but it affirms SHB's sustainable commitment to a long-term, stable development strategy, responding to national policies, along with the Prime Minister's commitment at the COP26 conference, bringing net emissions to "0" by 2050," emphasized a SHB representative.

Recognizing the importance of sustainable development, 10 years ago, SHB cooperated with international partners such as WB, IFC, ADB... and is continuing to strengthen to seek preferential medium and long-term capital sources, while consulting on safety and technology to support customers and SHB in implementing and effectively financing projects. In addition, SHB promotes capital sources for projects accompanying the national strategy such as sustainable agriculture projects, clean energy, key projects, logistics... Some projects have been completed and highly appreciated by green economic experts such as Hanh Phuc rice factory - the largest investment project in Asia in An Giang, inaugurated in January 2022. The factory was completed thanks to a capital of 1,000 billion VND funded by SHB to gradually stabilize food security and increase the export value of Vietnam's agricultural products. The factory operates 100% using technology solutions imported from Europe, processing rice according to international standards, meeting the world's strict standards on food safety, being environmentally friendly, contributing to increasing the value of Vietnamese rice. The factory's fresh rice drying capacity reaches 4,800 tons/day, milling and processing capacity is about 1,600 tons/day, and the total capacity of finished rice reaches 1,000 tons/day. Green energy projects are always the choice of SHB. Yang Trung wind power plant, one of the large wind power clusters located in Gia Lai, has a total power generation capacity of up to 145Mw, contributing nearly 1 million MWh to the national power grid each year. With 36 wind turbines, the factory recorded a total estimated investment of VND 6,246 billion, most of which is funded by SHB. In the Central Highlands, SHB also disbursed more than VND584 billion, equivalent to 70% of the total investment capital of the Dak Sin 1 Hydropower Plant construction project. In the Northern and North Central regions, SHB also invested in the Nam Luc Hydropower Plant (Lao Cai) and the Bai Thuong Hydropower Project (Thanh Hoa). In addition to agricultural and clean energy projects, SHB has actively invested in key national projects and logistics projects. In 2013, SHB sponsored VND6,200 billion for key national transport and infrastructure projects such as the three-storey overpass at the Hue - Da Nang intersection; the project to expand National Highway 1 through Thua Thien Hue and Khanh Hoa, etc. Logistics and seaport transportation are identified as key economic sectors of the country. Aiming to complete the 6 goals in the “Action Plan to Enhance Competitiveness and Develop Vietnam Logistics Services by 2025” set by the Government, SHB provides capital for the Vinh Phuc ICD Logistics Center - the inaugural project of the ASEAN Smart Logistics Network (ASLN), jointly implemented by Vietnam and Singapore under the promotion of the two countries' prime ministers. The project has a scale of 83 hectares, a total investment of over 200 million USD, and a designed capacity of customs clearance of about 530,000 TEU/year. The post SHB was honored for the second consecutive year as the Bank with the best Sustainable Financing activities appeared first on SHB Bank.

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