Bài viết hot: 
On the morning of September 29, 2023, PwC Vietnam coordinated with the Vietnam Young Entrepreneurs Association (“VYEA”) and Phuc Khang Corporation to organize the conference “Vietnamese businesses and the ESG revolution” in Ho Chi Minh City, focusing on The discussion revolved around the topic of ESG practices and energy transition for private businesses.
In the global trend shifting towards sustainable development and responsible business practices, many countries, including Vietnam, have made positive moves to embrace goals related to ESG. This transformation process requires businesses to have the right perspective on ESG as well as be more proactive on this journey.
However, PwC’s ESG Practices Report in Private Enterprises in Vietnam shows that 60% of businesses participating in the survey said they lack knowledge about ESG, posing an urgent need to raise awareness. . Furthermore, these businesses are facing a significant gap in ESG governance and reporting relative to the general situation in Vietnam. Specifically, 60% revealed that businesses have an informal structure or no governance structure on ESG issues, and only 29% have clearly established ESG goals and metrics, while the average The average of all types of businesses is 51% and 47% respectively.
The ESG conference is an opportunity for leaders to increase their comprehensive understanding of ESG, as well as discuss effective strategies for integrating ESG into their business operations framework. Within the framework of the conference, Phuc Khang Corporation shared its business’s experience in practicing ESG, mentioning the benefits and potential challenges that private businesses may encounter when practicing ESG.
PwC’s report also highlights the importance of ESG leadership in private businesses. Of the businesses surveyed, 34% revealed that their Board of Directors is not currently engaged on ESG issues and 48% mentioned that their organization does not have or have clearly defined ESG leadership . These numbers surpass Vietnam’s average of 32% and 38%, respectively. However, a positive signal from the market is that PwC’s NextGen survey has shown a potential shift towards a more focused focus on ESG in the future as the next generation takes on the role. leadership role. 68% of NextGen Vietnam surveyed believe they have a responsibility to fight climate change and 45% see an opportunity for private businesses to take the lead in sustainable activities. Additionally, 77% expect to be involved in increasing their business’s focus on sustainable investing in the future, reflecting strong ESG ambitions.
“The next generation is considered one of the core factors driving the development of private businesses, and they truly play an important role in building the ESG story. With a spirit of innovation and enthusiasm for sustainable development, future leaders should be encouraged to take a leap and forge their own path through upskilling and promoting ESG initiatives. Besides, compared to listed companies, private enterprises have more flexibility in their operating structure, which will help speed up the decision-making process and progress in integrating ESG principles,” he said. said Johnathan Ooi, Leader of Private Enterprise and Family Services, PwC Vietnam.
The energy transition is of particular importance in implementing ESG and is also seen as contributing the most to reducing emissions towards the NetZero target by 2050. The workshop also discussed the barriers facing Businesses face when investing in the energy transition, one of which is the significant initial costs of renewable energy infrastructure and advanced technology.
t save energy. Smaller businesses may have difficulty securing the necessary capital.
However, the energy transition can be seen as a competitive advantage in the market and will contribute to long-term value creation, including a sustainable brand image that helps attract investors – thanks to the Investors’ growing interest in sustainable development projects. Applying green energy will also ensure compliance with relevant international and regional policies and regulations, helping businesses avoid costs related to carbon emissions in the near future. At the workshop, experts also proposed a step-by-step conversion roadmap for private enterprises to consider. The assessment includes carbon management options and enablers to reduce emissions along a business’s value chain.
Ms. Luu Thi Thanh Mau, Vice President of the Vietnam Young Entrepreneurs Association, General Director of Phuc Khang Corporation, expressed: “Strategic orientation to successfully implement ESG will be one of the important foundations for sustainable development. , bringing greater value, not only to businesses, entrepreneurs, and the economy but also to the community and stakeholders. In the process of building the group’s strategic framework, we at Phuc Khang Corporation always closely following and committing to action based on the 17 sustainable development goals of the United Nations. With the foundation of vibrant CSR strategies for the community over the past time, Phuc Khang Corporation continues to elevate its ESG strategy across the Environmental, Social, and Management front, clearly defining the goal: Creating green buildings, green communities and a green future.”
