Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) received the award 'Best ESG Bank in Vietnam 2024' voted by Euromoney, and was also ranked in the top 500 largest companies in Southeast Asia (Fortune Southeast Asia 500) in terms of total revenue.
The "Best Bank for ESG" award recognizes MSB's efforts on the journey with customers towards sustainable finance - Photo: DNCC
MSB's sustainable development strategy "Best ESG Bank in Vietnam 2024" (Best Bank for ESG) is a prestigious international award in the financial sector voted by Euromoney Magazine to honor organizations with effective sustainable development strategies, playing a pioneering role and having a high level of credibility in implementing the integration of environmental, social and governance factors into business operations. This title is also a recognition of MSB's efforts in accompanying corporate customers in shifting operations towards green trends, while raising awareness of individual users about sustainable finance. In addition, internally, the bank has been building a fair and happy working environment, helping employees feel secure about their finances and health, being given opportunities to assert themselves as well as creating value for the business and the community. "ESG is at the heart of the Bank's commitment to responsible business, specifically its responsibility to stakeholders: customers/partners, shareholders, employees, regulators and the community" - said a bank representative. Step by step becoming a green bank The journey of implementing environmental - social - governance and gradually becoming a green bank marks the mark of "firsts". The Bank established a Sustainable Development Committee under the Board of Directors from September 15, 2022. Also during this time, the Bank issued a statement on its sustainable development mission with the goal of joining hands with the government to fulfill its commitment to bring the country to "zero" net emissions by 2050. Exactly one year after the establishment of the Sustainable Development Committee, on September 15, 2023, the bank was also the first bank to publish a sustainable development report independent of the annual report, fully recording sustainable development activities in 2022. After two years of publication, the bank expects this report to become a transparent information channel to convey to interested parties the impacts of the bank's business activities on the economy, environment and society. Regarding specific results, in 2023, the Bank achieved many outstanding milestones. Typically, the amount of emissions and the number of printed copies decreased by 73.66% and 42% respectively compared to 2022; Nearly 700 kg of old paper/calendars were collected and sent to the recycling plant, creating 455 kg of tissue paper and toilet paper. In addition, from June 1, 2023, 100% of the bank's new loans must go through an environmental and social risk assessment process. The bank also focuses more on sustainable development factors when by the end of 2023, the total outstanding debt for the green credit sector was nearly VND 6,000 billion, granted to 148 customers. Of which, capital for renewable energy and clean energy projects accounted for the majority and most of it was medium- and long-term loans. To create abundant capital for the green economy, in November 2023, the Bank signed a letter of intent (LOI) with FMO on a medium-term loan worth 100 million USD specifically for small and medium-sized customers (SMEs) and projects with green criteria. In 2024, the Bank will focus on supporting all customer groups to move towards inclusive and sustainable finance; orienting all daily activities towards environmental protection and climate change; and joining hands in community projects to create positive values for society. In the top 500 largest companies in Southeast Asia
With recorded revenue of 972 million USD, MSB is on the Fortune Southeast Asia 500 list - Photo: DNCC
![[Photo] Prime Minister Pham Minh Chinh chairs Government Conference with localities on economic growth](https://vstatic.vietnam.vn/vietnam/resource/IMAGE/2025/2/21/f34583484f2643a2a2b72168a0d64baa)
Comment (0)