ESG journey towards sustainable value
Within the framework of the first Vietnam ESG Forum, Vietnam ESG Awards honored 31 enterprises with good ESG implementation, of which 10 units won the Comprehensive ESG category.
Each company honored at the Vietnam ESG Awards 2024 brings a unique ESG approach, suitable for its industry and development strategy. However, the common point is their initiative, methodical investment and long-term vision.
For Gia Lai Electricity Joint Stock Company (GEC), which was honored in the “Comprehensive ESG Category”, the ESG journey begins with its core business of renewable energy. Each year, the company provides 1.4 billion kWh of clean electricity, contributing to reducing millions of tons of CO2 emissions. The company also pioneered the issuance of a green bond worth 9 million USD, applying a series of international standards.
Units honored with the title of comprehensive ESG implementation (Photo: Manh Quan).
DIC Group has chosen the path of ESG integration from the perspective of sustainable urban and real estate development. From the foundation of an infrastructure construction enterprise, this unit has developed a multi-industry model (real estate, tourism , energy), applied EDGE green construction standards, used renewable energy and implemented sustainable development reports according to GRI. The goal of zero net emissions is also being included in the development roadmap of this company.
As one of 31 enterprises honored at ESG Vietnam Awards 2024, TTC Hospitality continuously improves its operating standards and proactively proposes practical topics for ESG 2025 such as green credit, green destination communication, and a separate set of ESG criteria for the tourism industry.
From recognition to motivation to continue
Business representatives all agreed that the Vietnam ESG Awards is a strong motivation to continue investing in depth for sustainable development.
Mr. Huynh Quoc Thang - GEC Investor Relations Representative - said: “Being honored at ESG 2024 is an important milestone in our journey to perfecting ESG standards. The award is considered a recognition, helping businesses affirm their image and access green resources”.
He added that ESG is no longer a strange concept but is gradually becoming a standard that the international community, investors and financial markets are interested in. For businesses, especially those listed on the stock exchange in Vietnam, proactively integrating ESG into their development strategy not only demonstrates long-term responsibility, but also opens up opportunities to attract green, low-cost capital from domestic and foreign organizations.
As the world increasingly values business models that are linked to environmental protection and sustainable development, businesses that are at the forefront of ESG practices will have a clear advantage in both image and adaptability. This is not just a trend, but a necessary direction to build sustainable value in the long term.
Dr. Le Thai Ha, representative of the Vietnam ESG Awards 2024 Appraisal Council, spoke (Photo: Thanh Dong).
DIC Group representative added that being honored with Vietnam ESG Awards 2024 is not only an encouraging achievement but also a motivation for businesses to continue to innovate, improve operational efficiency and spread good values to the community, contributing to realizing the sustainable development goals of businesses and society.
Assessing the success of the first Vietnam ESG Forum as well as the Vietnam ESG Awards 2024 and the influence of this title in the business community, a representative of DIC stated that the Vietnam ESG Awards 2024 is a meaningful event, contributing to promoting the awareness and action of the business community on sustainable development.
Similarly, Mr. Nguyen Quoc Viet - General Director of TTC Hospitality - acknowledged: "ESG will not only be a mandatory direction, but will become a core value promoting the long-term and responsible development of Vietnam's tourism industry".
He hopes that the Vietnam ESG Forum 2025 and Vietnam ESG Awards 2025 will continue to be a bridge to spread the philosophy of sustainable development, while proposing practical topics.
The consensus from three business representatives in three different sectors - energy, urban development and tourism - shows the spread of ESG in Vietnam. The Vietnam ESG Forum is opening a new journey, where businesses see more roles, responsibilities and opportunities for sustainable development.
Looking forward to the Vietnam ESG Forum 2025, many businesses expect the forum to continue expanding the space for dialogue, building a set of industry-specific criteria and promoting policies to encourage businesses to invest systematically in ESG.
Source: https://dantri.com.vn/kinh-doanh/vietnam-esg-awards-va-hanh-trinh-lan-toa-gia-tri-ben-vung-20250731101240131.htm
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