ESG & Net Zero Strategy: A Sustainable Path for Commerce – Industry...

ESG and Net Zero – from a strategic choice to a survival factor

In the context of global trade being strongly restructured towards sustainable development, ESG (Environment - Social - Governance) standards and Net Zero targets are no longer an option, but have become a prerequisite for Vietnamese enterprises to maintain their competitive advantage in the international market. As the increasing requirements of management agencies around the world (CBAM, CS3D..) and in Vietnam (Decision 13/2024/QD-TTg on Greenhouse Gas Inventory) are directly affecting enterprises in the process of operating. In particular, with the increasingly tightening reciprocal tax policy from the US, Vietnamese enterprises are forced to diversify export markets - where ESG standards are considered mandatory, the pressure for green transformation is increasingly evident in all key export industries.

For large organizations, building an image with investors is increasingly inclined to consider ESG factors when making investment decisions. In addition, environmental risk assessment in credit granting activities has become a mandatory criterion in the credit granting process, according to the orientation and regulations of the Bank.

Therefore, according to experts, to transform ESG comprehensively and systematically, businesses need to have a thorough investment and build an ESG strategy suitable to their industry characteristics and actual situation to be able to meet standards or grasp updated trends. However, the transformation can start with small, practical steps and businesses are not alone on that journey, there will always be the companionship of large organizations with potential and experience in this field.

The Roadmap to ESG and Net Zero

Last weekend, Huawei Digital Power Vietnam, Techcombank, JJ-LAPP, and Solar Electric Vietnam JSC (SEV) jointly organized a workshop on “ESG & Net Zero Strategy: A Sustainable Direction for Vietnam’s Trade and Industry”, attracting the attention of nearly 100 enterprises in the fields of manufacturing, energy, construction, electronics, etc. in the Northern region to spread awareness and share practical solutions for businesses on the transformation journey.

Speaking at the workshop, Mr. Jason Wu - General Manager of Digital Energy Business in Southeast Asia - Huawei Technologies Company shared: "Green transformation is not a sprint, but a sustainable journey that requires consensus and long-term cooperation. Huawei is committed to standing side by side with Vietnam on the path to carbon neutrality by activating advanced technologies, training a team of quality experts and building a comprehensive strategic partnership. Huawei wishes to become Vietnam's Technology Partner - applying global innovation to contribute to the construction of "Zero-carbon industrial parks""

The workshop brought many practical and inspiring messages to businesses about ESG & Net Zero: from Huawei's solar energy solutions, storage systems, AI technology that optimizes design and operation to help businesses get closer to the Net-Zero goal, to the energy transition roadmap shared by SEV and ESG implementation experience from the international group Jebsen & Jessen. This shows that Vietnamese businesses can completely proactively adapt to green policy and investment trends. More importantly, the ESG journey can start with simple steps, with practical support from banks like Techcombank and pioneering partners like JJ-LAPP - who not only provide products, but also commit to becoming long-term partners in creating a smart, sustainable industry.

Notably, the event showed that the strong connection and support from large, experienced organizations such as Huawei, Techcombank, JJ-LAPP, SEV will create strength and increase advantages for the ESG development journey of businesses, especially commercial and industrial enterprises, the key growth drivers of the economy.

Banks in the ESG transformation journey of businesses

To date, Techcombank has implemented a series of solutions to support businesses in ESG transformation based on three pillars: providing green and sustainable financial solutions (Green Financing, Green Bond, SLL), connecting businesses in the sustainable value chain and consulting to improve ESG capacity. At the same time, the bank closely coordinates with international consulting organizations and state agencies to help businesses access preferential policies, support green transformation and build an effective Net Zero roadmap. Through a comprehensive ESG strategy and practice in operations and financial solutions, Techcombank affirms its commitment to accompany the sustainable development of customers and the Vietnamese economy. ESG integration not only helps businesses meet international requirements, but also enhances risk resilience, attracts investment, improves operational efficiency and creates long-term value.

Sharing at the event, Ms. Chu Thi Lan Huong - ESG Director of Techcombank emphasized: “In the uncertain context of the global economy, ESG is no longer an option, but a vital requirement for businesses to survive and develop sustainably in a volatile business environment. Techcombank is committed to accompanying businesses for the long term, not only in terms of finance but also in the role of strategic consulting, helping businesses confidently transform towards sustainability.”

Source: https://baodaknong.vn/chien-luoc-esg-net-zero-huong-di-ben-vung-cho-thuong-mai-cong-nghiep-viet-nam-250367.html