According to HDBank, this framework was developed with technical support from the International Finance Corporation (IFC) and received a “very good” rating from Moody's.

HDBank is one of the pioneering Vietnamese banks to announce the "Sustainable Finance Framework", clearly affirming the goals and strategic vision in implementing ESG with strong commitments and specific action programs to bring the highest benefits to stakeholders.

The highlight of HDBank's "Sustainable Finance Framework" is to orient the bank's lending towards projects with green assets and social assets.

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HDBank cooperates with PwC to implement the project "ESG Governance Consulting and Sustainable Finance". Mr. Kim Byoungho - Chairman of the Board of Directors, Chairman of the ESG Committee spoke at the event.

Accordingly, green assets include renewable energy projects, energy efficiency (EF) initiatives, pollution prevention and control measures, sustainable management of living natural resources and land use, clean transport solutions, sustainable water and wastewater management, climate change adaptation strategies, products, technologies and production processes adapted to the circular economy and green building projects.

Social assets, including providing essential services and providing affordable housing solutions.

The issuance of the “Sustainable Finance Framework” demonstrates HDBank’s commitment to environmental sustainability through providing capital support for green projects, contributing to reducing CO2 emissions and moving Vietnam towards carbon neutrality by 2050.

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HDBank provides capital and comprehensive financial solutions, demonstrating responsibility to the community and society, towards a sustainable financial strategy.

In addition, HDBank's projects also provide capital to serve and support access to essential financial solutions such as healthcare, schools and affordable housing for customers, especially in rural areas, demonstrating responsibility to the community and society, in line with the comprehensive financial policy of the sustainable development strategy that HDBank is implementing.

With a pioneering tradition in the ESG field, HDBank is one of the first banks in Vietnam to provide green credit, build an environmental and social risk management system, and establish an ESG Committee under the Board of Directors to lead and monitor sustainable development initiatives. HDBank is also a pioneer bank to issue a separate report on sustainable development in 2024.

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HDBank pioneers green credit, accompanies Agritrade in developing the "One Commune One Product" (OCOP) program, contributing to promoting sustainable agriculture and rural areas over the past 2 years.

HDBank has been in the Top 20 of the Ho Chi Minh City Stock Exchange (HoSE)'s Sustainability Index for five consecutive years, and has been highly appreciated by international development finance organizations such as IFC, DEG and Proparco for its efforts in climate finance and gender equality.

The announcement of the “Sustainable Finance Framework” is expected to continue to lay a solid foundation, guiding HDBank's values ​​and commitments in integrating sustainable practices into its governance, operations and business activities.

Vinh Phu