Make your mark with green awards, sustainable development
Among Vietnamese enterprises, Saigon - Hanoi Commercial Joint Stock Bank (SHB) is highly appreciated by many prestigious organizations and investors for applying ESG standards in business operations.
In 2024, Finance Asia Magazine awarded SHB the "Bank with the Most Positive ESG Impact in Vietnam" award for the second consecutive year. Previously, Asiamoney Magazine also honored SHB as "The Bank with the Best ESG Impact in Vietnam in 2023".
Notably, for two consecutive years, SHB is the only representative in the Asia - Pacific region to be honored by Global Finance as "Bank with Best Sustainable Finance activities".
At the Green Economy for a Sustainable Development Country Forum in 2023 organized by the Vietnam Environmental Association, SHB was in the Top 10 green and sustainable development enterprises. This bank is also in the Top 10 Banks that effectively arrange investment capital for Vietnam energy projects in the 2017-2021 period honored by the Vietnam Energy Association.
Unblocking "green" capital flows
SHB has increased capital sources for projects accompanying national strategies such as sustainable agricultural projects, clean energy, key projects, logistics, etc. SHB's outstanding credit balance for green sectors currently accounts for nearly 10% of total outstanding loans.
One of the completed projects and highly appreciated by green economic experts is the Hanh Phuc Rice Factory - the largest investment project in Asia in An Giang inaugurated in January 2022.
Green energy projects are always SHB's choice. The bank has provided credit to Yang Trung Wind Power Plant, one of the large wind power clusters located in Gia Lai. Thanks to the provided credit, after coming into operation, Yang Trung Wind Power Plant has become a major contributor to the national power grid with nearly 1 million MWh.
In addition, SHB also provides credit for a number of projects in fields such as logistics, seaport transportation - the country's spearhead economic sectors.
In recent years, SHB has been a trusted partner of many financial institutions such as the WB, IFC, ADB... bringing credit to clean energy projects, "green" projects and SMEs, women-owned enterprises.
Integrating ESG with business pillars, spreading good values to the community
In the period of 2024-2028, SHB will focus resources on implementing a strong, comprehensive Transformation Strategy based on 4 pillars: Reforming mechanisms, policies, regulations, and processes; People are the subject; Taking customers and the market as the center; Modernizing information technology and digital transformation.
Along with the Transformation Strategy, SHB also integrates ESG into its business pillars. With a pillar of mechanisms and policies, the Bank constantly strives to improve the quality of ESG governance and risk management.
SHB builds a roadmap to integrate ESG into the corporate governance structure, while continuing to improve the risk management system according to ESG standards, periodically assessing and monitoring ESG risks in business operations.
With the pillar "People are the subject", SHB promotes social responsibility and develops human resources. The bank implements programs to support education, health care and the economy for the community; encourages employees to participate in charity activities. Along with that, SHB builds an equal and diverse working environment, creating conditions for staff to be trained in ESG and professional skills.
In particular, the "greening" process takes place strongly in all internal activities of the Bank. SHB has been implementing many measures to reduce energy and resource consumption at branches and transaction offices such as using renewable energy, prioritizing the use of recycled and environmentally friendly materials in daily business activities...
The bank organizes a very special program, challenging "Green Finance" - where the bank's staff together give ideas for green living and environmental protection.
With the pillar "Ceningering customers and the market as the center", SHB develops a portfolio of green products such as granting green credit for renewable energy projects, organic agriculture, clean industry, waste reduction; ESG- integrated products such as green bonds, sustainable investment funds... The bank also applies ESG criteria in credit assessment and approval; encourages customers to carry out sustainable projects...
In addition, SHB continues to cooperate with international organizations to access capital and knowledge on ESG; participate in forums and associations on sustainable development.
With the fourth pillar, SHB promotes digital banking services to reduce the use of paper and resources; applies an electronic management system in internal operations. The bank also invests in green technology and fintech to improve efficiency and sustainable development; uses technology to monitor and report ESG indicators.
Originating from the Heart, throughout more than three decades of construction and development, SHB has always actively participated in social security programs, for the community, responding to programs launched by the Party and the State.
In 2024, SHB contributed to the Program to launch support for eliminating temporary and dilapidated houses for poor and near-poor households nationwide and implemented interest exemptions and reductions for customers, supporting people affected by storms and floods, estimated at nearly 150 billion VND.
In addition, the Bank also sponsored 2 school projects in Dien Bien province with a total value of 12.5 billion VND and continued to accompany the Ministry of Public Security to build 150 houses and 1 school for people in disaster-affected areas.
