Home Credit has been honored on the list of Vietnam's Top 100 Sustainable Companies for the second consecutive year for its long-term commitment to sustainable and ethical growth.
Businesses have become more aware of environmental, social, and governance (ESG) principles, and ESG is being increasingly adopted by businesses as an essential part of their operations. The Vietnamese government is also implementing decisive policies to promote ESG in Vietnam.
Vietnam's Top 100 Sustainable Companies (CSI100) was launched in 2016 in a collaboration between the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Labor, Invalids, and Social Affairs, the Ministry of Natural Resources and Environment, and the Vietnam General Confederation of Labor, under the government's direction.
The CSI100 award honors pioneering businesses that perform well in responsible production and business activities across all three aspects of good governance, environmental protection, and social welfare.
In its eighth year, CSI 2023 includes 130 indicators, with 63% relating to compliance and 37% examining advanced sustainable business initiatives.
2023 is the second consecutive year that Home Credit has participated in the program, and it continues to be the only consumer finance company to be honored in the top 100, scoring well across many of the indicators.
Home Credit representative (C) receives the recognition of Vietnam's Top 100 Sustainable Companies (CSI 100) in 2023. Photo courtesy of Home Credit
Home Credit considers responsible finance and empowerment during Vietnam's digital transformation to be the priorities in its operation.
As one of the leading digital finance companies in Vietnam, serving over 15 million customers over the past 15 years, Home Credit has incorporated sustainable development into not only its business activities but also its community activities in order to support vulnerable groups.
Outlining the strategy, Lien Pham, Head of Marketing Operations and Sustainability at Home Credit, says a sustainable development strategy that is closely linked to business goals is important for a company to be successful in attracting and gaining the trust of customers.
Focusing on investing in the company's community projects, creating many real-life impacts on society, and positively impacting people’s welfare is also essential to the business, Lien said.
In particular, Home Love and Home for Life are considered to be two of Home Credit’s outstanding projects in 2023. The projects bring tangible benefits to the underprivileged and target disadvantaged women and children across the country.
Home Love Bus Journey in December 2023: Bring a Warm Tet to Bac Lieu. Photo courtesy of Home Credit
With the Home for Life project, women are not only supported with loans but also participate in financial management training sessions aimed at empowering them to take ownership of life opportunities.
Over the past decade, the project has assisted hundreds of disadvantaged women and their families, reduced financial inequality, and promoting financial inclusion in line with government directives.
A Home Credit representative (standing, 2nd, R) gives the 0% interest rate loan package to local women of a water hyacinth weaving cooperative in Bac Lieu Province. Photo courtesy of Home Credit
In early December this year, through cooperation with the Bac Lieu Provincial Women's Union, the project provided VND150 million (US$6,163) in start-up capital to local craftsmanship cooperatives of disadvantaged women in the southern province.
"With over 16,000 outlets nationwide, Home Credit is committed to providing customers with the best financial solutions that meet their needs through quick, simple products and professional services. This is also a core element in Home Credit's approach to responsible finance, towards a sustainable community, and which is key to the company's conquest of the CSI100 award," Lien said.
Mr. Furusawa Yasuyuki – General Director of AEON Vietnam received the award for Top 100 most sustainable businesses in Việt Nam in the manufacturing sector.
500 business registered for the 8th edition organized by the Vietnam Chamber of Commerce and Industry, 25% participating for the first time.
Pham Tan Cong, VCCI President and Head of the Steering Committee of the program, said the stability and sustainable growth in production and business activities of the honored enterprises demonstrates that they have applied sustainability criteria for environment, society, and governance (ESG) in their long-term business strategies.
In 2023, participating enterprises were scored based on a set of criteria for assessing the level of sustainable development of enterprises with 130 indicators, which were comprehensively reformed by the expert council in terms of structure, including aspects of economic efficiency, corporate governance, environment, and labor and social.
In its first participation in CSI 100, AEON Vietnam excellently met the criteria and was honored to be in third place, being the only foreign-invested retail enterprise in the top 10 sustainable development enterprises in the Trade – Service industry. The retailer from Japan was highly evaluated in groups of indicators about structure, governance, environment, labor, and society.
Mr. Furusawa Yasuyuki – General Director of AEON Vietnam shared: “AEON Vietnam not only focuses on business expansion plans but also desires to develop alongside Vietnamese society. We have been and will continue to accelerate sustainable development activities and strive to enhance coordination with stakeholders in building an effective and socially valuable sustainable business model.
In AEON Group's medium-term vision, Vietnam is the second key market after Japan. Along with the expansion investment plan, the "Sustainable Development Strategy" is one of the key focuses. In Vietnam, AEON Vietnam identifies the "Sustainable Development Strategy" as one of the goals closely associated with the company's business operations.".
Addressing the event, Tran Tuan Anh, Head of the Central Economic Commission, praised VCCI’s initiative to organize the Program for Benchmarking and Announcing Sustainable Businesses in Vietnam over the past 8 years.
He said Vietnamese businesses and entrepreneurs need to build a sustainable business culture, linking their success and long-term growth to sustainable benefits for the community, society, and the environment.
What companies are sustainable in Vietnam?
Top 10 most sustainable enterprises in the field of trade and service.
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Why do you believe the US is not ranked in the top 3 as the world's most sustainable companies?
The United States' poor ranking is mainly due to its lack of progress in environmental sustainability. The country ranks poorly in terms of greenhouse gas emissions, water use, and energy consumption. In addition, the United States has one of the lowest rates of recycling in the world.