Tuesday, 17 Oct 2017
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ECONOMY

Sustainable development indispensable requirement for businesses

Updated at Friday, 21 Apr 2017, 17:54
The Hanoitimes - The Vietnam Corporate Sustainability Rating Program 2017 was launched on April 20 in Ho Chi Minh city.
This is an annual program aiming at honoring those enterprises pioneering and achieving success in sustainable development. It is expected to encourage Vietnamese businesses to focus on sustainable development, working out and executing sustainable strategies during their operations.


The launching ceremony saw the introduction of CSI, a set of indicators  designed by Vietnamese  specifically for Vietnamese businesses. The CSI index is easy to use, applicable to businesses of all sizes and types. Especially, this year CSI  criteria in have been adjusted to assess the level of business sustainability more accurately, but still focusing on three groups of key factors: Social, environmental and social indicators with 151 questions, divided into two parts: Part 1 with  the general indicators; Part 2 with the specific indicators.

“This activity not only helps raising the businesses competitiveness and customer’s trust but also spreading sustainable values in the community,” said Matt Wilson, Heineken Vietnam executive.
Nguyen Quang Vinh - Member of the Standing Committee, Deputy General Secretary of VCCI said sustainable enterprises are those enterprises more competitive and more adaptable than those businesses only seeking profit, leaving behind community and environmental responsibilities.

The launch of the CSI is a breakthrough, because a unit has created for the first time, this set of indicators in Vietnam is designed specifically for Vietnamese businesses.

From the perspective of a leading business, always towards sustainable development in the process of production and business, Matt Wilson - Director of Heineken Vietnam said: "In 2016, Heineken Vietnam has been ranked by VCCI as the third sustainable development enterprise in the manufacturing sector. We always support the criteria for sustainable development and transparency as well as other advances in the field of sustainable development in Vietnam."

"This activity of VCCI will not only help enterprises to improve their competitive position and trust of customers but also spread the values of sustainability in the community and bring about positive impacts for community and society," Matt Wilson added.

​Last year,  the first”Vietnam Corporate Sustainability Rating in 2016" program attracted the participation of 400 enterprises in various sectors across the country, of which 100 best businesses have been honored Vietnam Sustainable Business Enterprise 2016.
By Binh An - Tuan Minh
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