The Green Evolution: Unveiling Sacombank’s ESG Strategy

ESG (Environmental, Social, and Governance) has become the rallying cry for banks across the globe, and Sacombank is no exception. The bank has embraced the ESG agenda and is committed to making a positive impact on its business operations and the wider community.

Sacombank’s leadership shared their vision for the bank’s future, which includes not only short-term goals such as completing the restructuring plan and returning to the top of the market by 2025 but also a long-term focus on sustainable development through an ESG model. This aligns with the Vietnamese government’s net-zero emissions target by 2050.

Sacombank has outlined a four-pronged strategy for its sustainable development journey: 

(1) Sustainable Growth: Delivering long-term value for shareholders, customers, communities, and the nation; 

(2) Customer-centricity: Ensuring that products and services always prioritize customer interests first; 

(3) People-centric Approach: Promoting internal talent with 99% of management positions filled through internal promotions; 

(4) Transparent Governance: Adhering to a clear organizational structure, prioritizing risk management, and striving for the latest international standards.

In keeping with its mission of “Growing Together,” Sacombank has initiated and successfully maintained annual community programs since its inception, including blood donation drives, scholarship programs, and marathon events. The bank is also actively contributing to the construction of high-quality schools, cultural houses, roads, and public restrooms, as well as bringing electricity, street lights, clean water, and wells to underserved regions.