Sustainable Development: The Common Denominator for Successful Businesses
While the term “sustainable development” is commonly used by many businesses, it entails more than just a decorative addition to a company’s profile. Mr. John Bowen, Global Client Director at Standard Chartered Bank, Vietnam, shared that enterprises could secure loans or mortgages at lower interest rates if they provided clear data and metrics to substantiate their ESG (Environmental, Social, and Governance) practices.
The advantages of embracing a sustainable development strategy extend beyond preferential access to investment capital. It also confers a competitive edge, as consumers are increasingly embracing sustainable consumption trends. According to a PWC report, 85% of Millennials and Gen Z respondents (currently aged 15-43) expressed an interest in green living, and 93% indicated their willingness to pay a premium for sustainable products. Evidently, embracing sustainable practices does not hinder growth; instead, it safeguards a company’s development in the present and future.
The Trend of Sustainable Investment: Investing in the Future
Sustainable businesses are more likely to attract investment funds.
As businesses embrace sustainable development, investment funds are keen to channel capital towards these enterprises. However, investment funds in Vietnam meticulously screen potential investees to ensure they meet “green investment” standards. Ms. Ho Thi The Van, Business Development Director at Eastspring Investment Vietnam, an asset management company under Prudential, commented: “As an investment fund, we are interested in how businesses contribute to the environment and society, and their long-term corporate governance must be sustainable.”
PRULink Future Green invests in stocks of companies that meet three criteria: Health, Climate, and Social Progress.
In March 2024, Eastspring Investment Vietnam launched the PRUlink Future Green fund, one of the first investment funds in Vietnam to apply sustainable investment norms. Ms. Van shared, “With PRULink Future Green, we only invest in stocks of companies that meet three criteria: Health, Climate, and Social Progress. Despite market fluctuations during its launch, the fund maintained a low volatility range and achieved a 2% growth rate within three months of operation.”
Journalist Kim Hanh shares insights on sustainable investment trends in the “Investing in the Future” series by Prudential Vietnam.
The $4 Billion Vietnam Packaging Market: Navigating the “Greening” Tide and Securing Orders Amidst Foreign Competition
The Thai suppliers of similar products have an edge when it comes to packaging and could swiftly usurp Vietnamese businesses.
The Art of the Dual Transformation: Insights from the Business Arena
The synergy between digital and green transformation is undeniable, and when these two forces combine, they create a powerful momentum for change. The dual transformation journey presents a unique set of challenges and opportunities for businesses, even those at the forefront. These challenges are not mere obstacles but catalysts for growth and development. While the cost of this dual transition is significant, the price of falling behind is far greater.
Viettel IDC: Leading the Way in Sustainable Digital Infrastructure in Vietnam
Viettel IDC, Vietnam’s leading large-scale and green Data Center and Cloud Computing service provider, has been recognized for its excellence by winning the prestigious ‘Sustainable Infrastructure Awards’ category at the 2024 ESG Business Awards.
Sovico Group and UNESCO Sign a Strategic Partnership Agreement for 2025-2035 During the Official Visit of General Secretary and President To Lam.
On October 7, 2024, at the UNESCO headquarters in Paris, France, the SOVICO Group and UNESCO signed and officially inked a Strategic Partnership Framework Agreement for the period of 2025–2035. This agreement brings to life a number of collaborative programs outlined in the initial Cooperation Agreement between Vietnam and UNESCO.
