HCMC – Ernst & Young Vietnam (EY) and the United Kingdom (UK) have jointly launched a new Environmental, Social, and Governance (ESG) handbook aimed at helping Vietnamese businesses integrate ESG principles into their operations to attract sustainable finance.
The handbook offers practical tools and guidance for companies to address the increasing demand for ESG reporting. It highlights the importance of incorporating ESG into governance and business strategies to remain competitive at home and abroad.
Businesses in Vietnam that want to maintain their market position and access sustainable capital need to integrate ESG into their governance and operations, said Vu Chi Dung, director of the International Cooperation Department at the State Securities Commission of Vietnam.
The guide tackles key challenges Vietnamese businesses face in adopting ESG practices, such as identifying significant ESG topics and ensuring accurate and reliable disclosures. It emphasizes the benefits of ESG, including access to new markets and reduced financing costs.
ESG investment is becoming a vital tool for building resilience and mitigating risks in business investments, said Fergus McBean, first secretary for Climate and Nature at the British Embassy in Vietnam.
He added that integrating ESG into strategies would help Vietnamese businesses meet the growing demands of international markets, particularly in the UK and Europe.
