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Independent Sustainability Report: Pioneering Transparency in Governance
MSB’s pioneering spirit is evident in its independent Sustainability Report, published alongside the Annual Report since 2022. In 2024, the bank continues this tradition for the third consecutive year, adhering to the Global Reporting Initiative (GRI) standards and aligning with the United Nations Sustainable Development Goals (SDGs).
In governance, the 2024 Report introduces enhanced transparency by detailing MSB’s sustainable development governance structure. The bank strengthens compliance, transparency, and risk management, ensuring secure and efficient digital transformation in customer journeys and internal processes.
Environmentally, MSB achieved a 72% reduction in paper usage, 25% in electricity, and 9% in water consumption in 2024. Its green credit portfolio reached VND 5.165 trillion, supported by an internal green taxonomy for risk assessment and sustainable lending.
Socially, MSB fosters inclusivity with 53.37% female leadership and 63.41% female employees. All staff completed 126–136 training hours annually. MSB also invested VND 17 billion in community initiatives, including school construction and scholarships.
 Training session at MSB
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Leading Carbon Emissions Measurement: Proactive Emissions Control
MSB is among Vietnam’s first banks to measure and manage carbon emissions across operations. Partnering with S&P Global Sustainable 1, MSB calculates Scope 1, 2, and 3 emissions using GHG Protocol and PCAF methodologies, aligned with TCFD guidelines. From 2022 to 2024, Scope 1 & 2 emissions decreased by 23.3% annually, despite a 6% workforce growth. Scope 3 emissions, primarily from the corporate loan portfolio, accounted for 99% of total emissions, guiding MSB’s decarbonization strategy.
With S&P Global’s support, MSB assessed physical risks across 104 critical sites, enhancing operational resilience and business efficiency.
Joining the Alliance for Green Commercial Banks: Strengthening Green Finance Commitment
Mr. Vo Tan Long, MSB Sustainability Committee Chairman (4th from left, back row), at the Alliance launch in Hong Kong (Photo: Organizer)
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MSB’s green strategy milestone includes joining the Alliance for Green Commercial Banks, an IFC-led initiative. The Alliance unites 20 Asia-Pacific banks with over USD 5.6 trillion in assets. Membership underscores MSB’s commitment to Vietnam’s green transition by integrating international green finance standards into its operations.
Alliance membership provides MSB access to global expertise, tools, and resources, accelerating green project development in Vietnam.
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OCB Unveils Independent 2024 Sustainability Report, Reinforcing Commitment to Transparency and Sustainable Growth
Recently, Orient Commercial Joint Stock Bank (OCB) officially launched its independent 2024 Sustainability Report, themed *Crafting a Green Future*, marking the second consecutive year the bank has released a specialized report in this field.
SeABank Unveils Sustainability Report, Reinforcing Commitment to Long-Term Value Creation
SeABank (HOSE: SSB) proudly introduces its inaugural standalone Sustainability Report, marking a significant milestone in its journey towards long-term value creation. With a strong focus on Environmental, Social, and Governance (ESG) criteria, the bank’s commitment to sustainability is demonstrated through tangible, transparent, and measurable actions.
How Have Four Strategic Resolutions Transformed the Banking Industry?
Vietnam is entering a transformative era marked by the rapid introduction of four pivotal strategic resolutions. Amid this shift, the commercial banking sector, as the economy’s driving force, is proactively unveiling critical plans to align with significant changes set to unfold in the coming year.
Unlocking Vietnam’s Green Bond Market: Tackling the Biggest Bottleneck
For Vietnam’s green bond market to truly flourish, a synchronized approach is essential. This includes refining the legal framework, implementing targeted financial support policies from the government, and fostering proactive corporate governance practices focused on sustainability.
VPBank Successfully Issues $300 Million International Sustainable Bond
VPBank (HOSE: VPB), a leading Vietnamese commercial bank, has made history by becoming the first bank in Vietnam to successfully issue $300 million in sustainable bonds on the international market. This milestone marks a significant advancement for Vietnam’s banking sector on the global stage of sustainable finance.
