VPBank publishes first Sustainable Development Report

(Dan Tri) - By publishing the Sustainable Development Report, VPBank not only marks a strategic milestone in the process of information transparency and risk management, but also positions ESG as a focus in its long-term development vision.

This year, amid the challenges of global climate change, complex natural disasters and the wave of sustainable transformation in the international financial system, Vietnam Prosperity Joint Stock Commercial Bank ( VPBank , code: VPB) published its first Sustainable Development Report.

VPBank's report is prepared according to the latest common standards on sustainability reporting guidelines of the Global Reporting Initiative (GRI) issued by the Global Sustainability Standards Board (GSSB) and references the 17 Sustainable Development Goals (SDGs) of the United Nations, demonstrating VPBank's efforts in supporting the Vietnamese Government to achieve these goals as well as on a global scale.

This report is not only a summary of ESG activities over the past year, but also a strategic statement of long-term commitment to a growth model that harmonizes economic benefits, social responsibility and environmental protection, opening a new chapter in the long-term prosperous development strategy.

VPBank's strategic commitment

Sustainable development and green finance are no longer a formal option, but have become a structural requirement for the financial system.

For VPBank, sustainable development is not simply a trend to adapt to, but a strategic choice, well-planned and implemented throughout all banking operations. That commitment is clearly demonstrated through the central message that the bank has chosen for 2024 - "Sustainable Prosperity".

In the report, VPBank clearly expressed its view that "sustainability" is not simply a slogan, but an operating philosophy, a principle in strategic planning, product design and even in organizational culture.

From that awareness, the bank has synchronously implemented specific actions so that ESG content does not only exist on paper, but actually creates positive impacts on the environment, society and business performance.

VPBank's reports are prepared according to the latest common standards of the Global Reporting Initiative (GRI) and refer to the 17 Sustainable Development Goals (SDGs) of the United Nations.

Sustainable financial footprint

One of the most notable highlights in the recently released VPBank report is its systematic and synchronous sustainable financial strategy.

In 2024, VPBank successfully mobilized a total of 735 million USD from international development finance institutions (DFIs), as well as signed a credit contract worth 150 million USD with the Japan Bank for International Cooperation (JBIC). These agreements increased the total scale of international sustainable capital that VPBank had mobilized up to the end of 2024 to nearly 2.8 billion USD.

Most recently, in May 2025, VPBank continued to successfully execute an international syndicated loan deal with an initial value of up to 1 billion USD, with the option to expand the loan value depending on VPBank's capital needs. The syndicated loan was arranged, underwritten, built and co-lent by major financial institutions such as Sumitomo Mitsui Banking Corporation (SMBC), Standard Chartered Bank, MUFG, ANZ, Cathay...

Along with that, the bank has announced the Sustainable Finance Framework - a set of standards confirmed by the independent organization Sustainalytics to be in line with global goals. By the end of 2024, VPBank's green finance portfolio will reach nearly VND22,000 billion, equivalent to nearly 88% of the target set for 2030.

In terms of governance, VPBank continues to improve its operating standards by applying the principles of OECD, ASEAN scorecard and IFC. This is the foundation that helps the bank enter the Top 10 enterprises with the best corporate governance in the large-cap group of HoSE. In addition, VPBank has also pioneered the construction of the Environmental - Social Risk Management System since 2016.

VPBank pioneered the development of an ESG Risk Management Framework, assessed by EY Consulting Vietnam.

In addition, VPBank also pioneered the development of an ESG Risk Management Framework, assessed by the leading prestigious organization EY Consulting Vietnam according to international practices of the Monetary Authority of Singapore, the European Central Bank, the Bank for International Settlements, and the International Finance Corporation (IFC).

On the social front, the bank contributed nearly 1,900 billion VND to build and renovate hundreds of schools across the country, help those in difficult circumstances, organize community running competitions, and bring international cultural and artistic events to Vietnam...

All of these results contribute to a comprehensive ESG picture, in which every action of VPBank aims at a dual goal: growth and creating positive value for society, towards a sustainable future, where prosperity is no longer measured by profit, but by the level of value spread and harmonious development between people, the environment and businesses.

Source: https://dantri.com.vn/kinh-doanh/vpbank-lan-dau-cong-bo-bao-cao-phat-trien-ben-vung-20250529115813538.htm