Vinamilk is in the Top 10 Sustainable Enterprises in the manufacturing sector at CSI 2024 for the 9th consecutive year
From nearly 500 enterprises nationwide participating in the selection, the typical enterprises passed the evaluation criteria of up to 153 indicators, including 62% compliance indicators and 38% advanced indicators. This is to evaluate enterprises in comprehensive aspects, in addition to economic efficiency are ESG indicators: corporate governance, society, environment. In the context that global enterprises are gradually practicing sustainable development according to the three pillars of ESG as a mandatory trend, Vinamilk's efforts in implementing ESG not only create good practices in the dairy industry but also contribute to the sustainable development of the economy and society. Sustainable development through the "lens" of ESG
The ecological farm model "Vinamilk Green Farm" follows the direction of sustainable agriculture, reducing emissions
Vinamilk is a pioneer in implementing sustainable development practices very early, with many programs dating back 10-20 years and being systematically managed. In addition, this enterprise has also shown its initiative in "upgrading" its management models to new and increasingly higher standards and criteria. From there, it has promoted a stronger green transformation process and caught up with global sustainable development trends. First, regarding environmental commitment (E): Vinamilk has made an ambitious but strong commitment - achieving Net Zero by 2050. To achieve this goal, Vinamilk has implemented many green production transformation steps such as using renewable energy, converting technology, optimizing production processes and increasing circulation and recycling. To date, 2 factories and 1 farm of the enterprise have achieved carbon neutral certification according to the international standard PAS 2060:2014.
Vinamilk invests 4 billion VND to regenerate 25 hectares of mangrove forest in Ca Mau in 6 years
In addition, Vinamilk has implemented many projects to form a carbon absorption basin from forests, protect the environment, and limit the impact of climate change. A typical example is the program "1 million trees fund for Vietnam" that this enterprise successfully implemented in 2020. Next is the project "Net Zero Forest" aiming at the goal of Net Zero 2050, with the expected investment budget of the enterprise for forest planting up to 25 billion VND, in the period from now to 2030. Next is "S" (Social) which is understood as the impact of the enterprise on society and people in the direction of sustainable development. This is considered a "difficult" criterion for enterprises because the impact is wide, including many internal and external stakeholders such as the community, consumers, external partners to employees, workers, etc.
The Vietnam Grow Up Milk Fund has been implemented by Vinamilk since 2008, bringing milk to more than half a million disadvantaged children.
Talking about the letter “S”, the head of the company, Ms. Mai Kieu Lien once shared: “I often tell my employees that our actions must never harm others. All Vinamilk investment activities must demonstrate benefits, here benefits are not only for themselves, but also for stakeholders such as shareholders, employees, local people... Whatever benefits people, Vinamilk will do!” The Vietnam Grow Up Milk Fund with the mission of “So that every Vietnamese child can drink milk every day” is a typical example of Vinamilk in this aspect. It can be said that this is the largest and longest-term nutrition care program implemented by the enterprise, contributing to raising public awareness of child nutrition. In addition to activities demonstrating social responsibility, from its own farms, Vinamilk has helped farmers become links in the sustainable value chain. From more than 4,000 dairy farming households with stable output, to households cooperating to provide green roughage such as grass and corn for Vinamilk farm with an annual income of billions of dong.
Vinamilk is in the Top 10 best corporate governance enterprises in 2024 and is the only unit to be assessed as Governance beyond compliance.
Finally, it can be said that Governance (G) is a prominent aspect that plays a major role in Vinamilk's PTBV strategies. Vinamilk has built a transparent and effective governance system, ensuring that all activities comply with international standards, thereby ensuring the interests of stakeholders. Vinamilk's governance performance is highly appreciated when it is always in the Top Vietnamese enterprises with the highest corporate governance scores in the ASEAN Corporate Governance Scorecard. On the stock market, Vinamilk's VNM stock has been in the Top 20 stocks with the best sustainability index (VNSI) for 8 consecutive years. Vinamilk's total ESG score in 2024 is high at 83%, of which the Governance score (G) is 85%, much higher than the industry average. Not only based on common standards on sustainable development such as GRI, SDG... for many years, Vinamilk has included in its reports additional standards and guidelines specific to the industry. Thanks to that, increasing comprehensiveness and transparency, governance activities are increasingly closer to the activities of the company and the whole industry to orient ESG goals. Source: https://bnews.vn/thuc-hanh-esg-tai-doanh-nghiep-di-dau-ve-phat-trien-ben-vung-vinamilk/356191.html
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