Twenty foreign-invested enterprises honored at Corporate Sustainability Awards 2023

The Top 50 Corporate Sustainability Awards which was organized for the second time by Nhip Cau Dau Tu magazine aims to encourage the business community to strengthen harmonization between economic development and environmental protection for a circular economy.

With the attendance of senior leaders from more than 300 local and international companies, financial institutions, and research organizations, in this second season, the Top50 CSA 2023 features 18 award categories, which enable companies to focus on their strengths related to sustainable development throughout the year, while also allowing the community to easily recognize each firm’s contribution.

20 FDI companies among 50 firms honored at the CSA 2023 by Nhip Cau Dau Tu magazine. Photo: Tuyen Phan

 In the second batch of the 50 typical sustainability firms, four foreign property developers including Keppel Land Vietnam, Capitaland Development (Vietnam), Gamuda Land Vietnam, and Frasers Property Vietnam were honored for achievements in minimizing carbon footprint, or being pioneers in corporate governance, conducting responsible marketing, and having excellent sustainability activities.

Besides candidates belonging to the property sector, several other foreign-invested companies comprising Cargill Vietnam, Akzo Nobel Vietnam, Bosch Vietnam, Panasonic Vietnam, and Nestlé Vietnam were also honored for their contributions to sustainable development, environmental friendliness, and social justice in Vietnam.

The results also demonstrate the increased number of global corporations dedicated to meeting social and environmental standards. This is part of a larger sustainable supply chain management effort aimed at driving sustainability throughout the organization's supply chain.

Miss Universe 2018 H'Hen Niê is seen at the event. Photo: Quy Hoa

Sustainable development has long become a strong response to the call of protecting the environment and preventing the degradation of biodiversity. This is a part of the companies’ efforts for a better life in harmony with nature as well as a more sustainable future for the younger generations.

The honored companies underwent a thorough selection and evaluation from judges who are leaders of Nhip Cau Dau Tu Magazine, HSBC Vietnam, Deloitte Vietnam, PwC Vietnam, VinaCapital, the Institute for Circular Economy Development (ICED), Talentnet, VinaCapital, and Schneider Electric Vietnam. 

The businesses were voted in CSA 2023 based on many activities of sustainable development with three pillars of ESG (Environment - Society - Governance). Businesses of all sizes have put sustainable development into the strong implementation phase and see this as a competitive advantage for businesses, especially in helping businesses meet the requirements of free trade agreements.

Miss Universe 2018 H'Hen Niê was honored for her contribution to the environment at the CSA 2023 event. Photo: H'Hen Niê Facebook page / Thien An

The voting results of CSA 2023 also show that many new business and production models pursue ESG values in production and business activities, helping businesses reduce capital costs, reduce legal risks, and expand customers. products, higher profit margins, attracting capital flows from developed countries...

Through two seasons of the CSA, several local and international enterprises, with production models pursuing ESG values, were honored. They found that adopting ESG helps reduce capital costs and legal risks, expand the customer base, bring higher profit margins, and attract capital flows from developed countries...

Nhip Cau Dau Tu magazine organized the award to significantly advance the trend toward sustainable development in Vietnamese society and industry as well as recognize and honor the companies that have contributed to sustainable development, environmental friendliness, and social justice.

Through two seasons of the CSA, several local and international enterprises, with production models pursuing ESG values were honored. Photo: Quy Hoa

At the same time, the award aims to encourage companies and the public to undertake sustainable development in the most useful and efficient manner.

With increased awareness of systemic problems like climate change, illness risks, resource depletion, and inequity, corporate investors have favored ESG (Environmental, Social, and Governance) investment in recent years.

The Government signed Decision 167/QD-TTg 2022 authorizing the 2022-2025 Program on Support for Private Enterprises in Sustainable Business, recognizing the significance of this issue.

By 2025, participants in this program hope to have an increased understanding of sustainable business practices in the private sector business community, thanks to great efforts to foster and raise awareness and qualifications among cadres and public servants. Consequently, it aims to help around ten thousand businesses grow sustainably.

The event received participation from hundreds of local and international enterprises. Photo: Quy Hoa

The decision established data on sustainable development, helping the Government and related social groups set up policies to facilitate companies’ responsible development. It will also help Vietnam meet its 2050 net-zero emission target from COP26. This underscores the need to address climate change through clean energy, sustainable infrastructure, wise water management, and natural resources.

Notably, increased scrutiny from investors, changes in consumer and customer expectations, as well as public policy changes have made ESG standards vital for enterprises. Accordingly, companies must improve and comply with environmental, social, and governance challenges. From then, ESG has become a pillar to help them grow at the highest level of sustainability.

On this occasion, the Organizing Committee would also introduce the Nhip Cau Dau Tu Sustainable Development Advisory Council to provide technical support and in-depth advice for Vietnamese enterprises to practice sustainable development. This council includes leaders and experts from HSBC Vietnam, Schneider Electric Vietnam, VinaCapital, UOB Vietnam, FUNiX Online educational institution, Udemy…

List of 20 FDI companies, 24 listed companies, and 6 non-listed companies representing the trend of sustainable development in Vietnam.