Applying technology helps businesses develop sustainably

Sharing at the Data Center & Cloud Infrastructure Summit Light 2023 Conference recently organized by Viettel IDC in Ho Chi Minh City, Mr. Hoang Van Ngoc, CEO of Viettel IDC, said that economic fluctuations are bringing challenges, but at the same time opening up opportunities for organizations and businesses that are proactive in preparing to adapt and choosing the right strategy. This includes ESG - a set of standards that measure the orientation and operations of a business in the following aspects: Environment, society and governance, to maintain and ensure a state of long-term sustainable development for the organization and the business's influence on the community.

Many solutions to help businesses develop sustainably were shared at the Data Center & Cloud Infrastructure Summit Light 2023 event organized by Viettel IDC.

In recent years, ESG has received widespread attention in Vietnam, thanks to the Government's efforts to promote the implementation of international practices related to ESG, along with the increasing investment demand of international investors in Vietnam and the increasingly deep integration of Vietnamese enterprises in the global market, especially in developed countries where the requirement for sustainable development is being raised as a mandatory requirement.

Viettel IDC representative also emphasized that ESG will be a factor that completely changes the game for businesses through operating businesses in a cleaner, more transparent and environmentally friendly way based on clear principles and standards.

According to a survey report by PWC - the world's leading prestigious auditing company, currently up to 80% of Vietnamese enterprises participating in the survey have committed or plan to commit to implementing ESG in the next 2-4 years.

Over the past decade, digital transformation has dominated the minds of business leaders. It is evident that never before in human history has digital technology intersected so closely with every aspect of life as it does today.

Technological advances are increasingly contributing to promoting businesses' ESG strategies, acting as a fourth pillar of ESG alongside the Environmental (E) - Social (S) - Governance (G) factors. A series of new technological solutions such as Smart City, Smart Factory, Smart logistics, Smart Edu, Digital Trust... all impact environmental, social and governance aspects, based on platform technologies such as IoT, Bigdata, AI/ML, Blockchain, 5G Security...

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