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Vietnamese Companies Must Meet New ESG Standards

Vietnamese Companies Must Meet New ESG Standards

Vietnamese Companies Must Meet New ESG Standards
ESG is no longer optional, it's part of business operations.
Dinh Hoai Giang said companies must go green at a panel discussion on August 12.
Giang's company makes eco-friendly products and saves water and energy.
Tran Anh Tuan said companies must go green to export and compete.
Green certifications are required for international markets, which is a challenge.
Companies must reduce costs and transform operations amidst fuel price risks.
Tuan said customer demand for green products helps reduce energy costs.
Reducing waste saves materials, electricity, and fuel, and lowers CO2 emissions.
Don't go green just to follow others.
Thai Duy Sam said companies didn't recognize the need for green transformation before.
Companies must act now as green requirements become mandatory.
Companies are becoming more aware of green transformation.
Sam said businesses should understand requirements and prepare strategies.
Bui Thanh Minh said companies must measure emissions and examine supply chains.
The process requires measurement and continuous improvement.
Minh said Vietnam lacks a market for green products due to high prices.
The State can help create a market for green products.
Tuan advised companies to prioritize and not do everything at once.
Companies should measure indicators and identify areas for improvement.
Companies should analyze and select feasible opportunities for reduction.
Companies should choose easy solutions for quick results.
Successful projects will build confidence for larger initiatives.
Minh said companies should use State resources for support.
Companies should identify objectives and problems to solve.
Companies should examine their value chains and participate in networks.
ESG has many levels, companies must think globally and act locally.
Tam An