In January 2024, Bao Viet continued to be recognized and upgraded in the Corporate Sustainability Assessment (CSA) of S&P Global.
To be evaluated in the DJSI rankings, Bao Viet needs to meet strict requirements on many factors such as: corporate financial health, stock value, transparency, sustainable business operations, etc.
Being included in the international rankings has demonstrated the value and health of a leading enterprise like Bao Viet in general and the attraction of BVH shares in particular, thereby elevating the leading insurance enterprise in Vietnam.
Bao Viet upgraded on DJSI rankings.
CSA is an annual index that assesses the sustainability performance of thousands of eligible companies around the world. In 2021 and 2022, CSA assessed more than 7,000 global companies. By April 2022, the number of companies invited and eligible to participate in the S&P CSA Index had reached more than 11,000.
With more than 20 years of operation, CSA has become a reference tool for companies and investors in assessing the importance of financial strength, sustainable development activities and strategies to address sustainable development trends of enterprises... thereby supporting investment decisions.
S&P's Global Corporate Sustainability Assessment (CSA) also allows investors to evaluate corporate performance according to ESG standards including Economic, Environmental and Social with 61 sets of questions specific to each business sector, including about 100-130 questions on 23 main topics on 03 economic, social and environmental aspects.
Overall, the sustainability improvement efforts in 2023 helped Bao Viet increase its score by 6 places compared to 2022 and score higher than 66% of other businesses in the insurance industry (including 236 eligible businesses and an increase of 7% compared to 2022).
The CSA Index provides professional assessments from S&P Global experts as well as assessments based on exclusive data, which serves as the basis for including corporate profiles in the world's most famous sustainability index - the Dow Jones Sustainability Index (DJSI).
The Dow Jones Sustainability Indices (DJSI) is a global benchmark dedicated to sustainability that ranks the world's leading companies based on RobecoSAM analysis and S&P Dow Jones Indices' methodology based on free-float adjusted market capitalization and ESG (Environmental, Social and Governance) criteria.
In partnership with S&P Global ESG Research, an organization comprised of leading experts in ESG research and data analysis, companies that meet the DJSI Index will also be included in a potential sustainable investment portfolio available to interested investors.
Bao Viet won Second Prize for Sustainable Development Report at the Listed Enterprise Awards.
In December 2023, Bao Viet Group won the jury's vote to win the Second Prize for the Sustainable Development Report. By choosing the message "Live happily with Bao Viet" in the Sustainable Development Report, Bao Viet aims at the core value of the enterprise, which is to take People as the central factor of development, deciding all success and failure.
Bao Viet wishes to become a reliable companion, together with customers, shareholders, partners and the community, to create a peaceful and prosperous life.
The organizing committee commented: “ The reports have many new and groundbreaking points. For the first time, a Vietnamese company - Bao Viet Group (BVH), has entered the final round of evaluating sustainable development reports and has conducted ESG assessments according to Dow Jones international standards .”
Achieving many high rankings domestically and internationally has demonstrated the value, sustainable business motto and position of a leading corporation like Bao Viet in general and the attraction of BVH shares in particular, approaching and meeting regional and international standards, attracting the attention of stakeholders and enhancing the competitiveness of enterprises in the market.
Bao Anh
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