According to the speakers, under the pressure of globalization and strict value chains, Vietnamese enterprises, especially small and medium enterprises, need to comprehensively transform to survive and develop.
ESG is considered a "green passport" to help businesses access the market, attract capital and improve competitiveness. Businesses need to clearly distinguish ESG from CSR andSDGs, and at the same time choose a suitable set of standards such as GRI, SASB or TCSD to build a transparent ESG report, meeting international requirements.
Digital transformation is identified as the foundation for integrating ESG into operations. Three outstanding directions include: automating processes to optimize resources, analyzing data to personalize services, and building a digital platform connecting green finance and the ESG ecosystem. In addition, experts emphasize the role of design thinking to help businesses identify the right problem before implementing the solution. Some practical innovative models such as QR applications for customer identification and digital energy management were also introduced.
Another key content is green finance - a strategic tool to promote sustainable growth. Understanding and effectively applying green capital flows will help businesses adapt to the trend of reducing emissions and improving long-term competitiveness.
Starting in 2011 when cooperating with IFC, VietinBank has gradually integrated ESG principles into operations, management and product design. Green financial solutions such as the Green Up preferential credit package of VND 5,000 billion or the Green Deposit product are not only a testament to the Bank's commitment to sustainable development, but also open up opportunities to access green capital for the business community.
VietinBank also built a Sustainable Finance Framework to provide specific instructions for the financing and management of the Bank's sustainable development finance. VietinBank's Sustainable Finance framework is assessed by an independent third party - Morningstar Sustainalytics as "reliable and has a great impact" on sustainable development.
In addition, VietinBank is building a comprehensive ESG ecosystem, supporting businesses not only in terms of capital but also in terms of consulting and technical solutions. The bank is proud to be a pioneer in implementing green credit policies according to the orientation of the Government and the State Bank. VietinBank was also honored as a typical bank in green credit awarded by IDG International Data Group.
