Ranked Top 1 in ESG Implementation Among Securities Companies
In December 2024, after a thorough survey and scoring process, the ESG council, chaired by the Vietnam Association of Securities Businesses (VASB), announced the list of the top 7 securities companies excelling in ESG practices out of 34 securities firms in Vietnam. VPS proudly secured the No. 1 position in this prestigious ranking.
The ESG evaluation project, conducted by VASB from April to October 2024, consisted of two key phases: Phase 1: Surveying the readiness for ESG implementation; Phase 2 scoring ESG practices includes: (1) Assess awareness of ESG principles; (2) Evaluate the current status of ESG practices within companies and (3) Propose methods to enhance ESG effectiveness in enterprises.
The ESG evaluation contributes to the goal of upgrading Vietnam's stock market by 2025, enhancing the quality of annual reports for public companies, securities firms, and listed companies while promoting sustainable development based on international ESG standards.
The scoring results revealed seven securities firms leading in ESG practices, with VPS taking the top spot. The industry and beyond expect these companies to serve as role models for ESG practices and inspire others.
The success of the project lies not only in specific figures but also in raising awareness and driving action within the business community. This is the foundation for building a sustainable securities market, where ESG is not merely a standard but a core value embedded in long-term development strategies.
2024: A Milestone in ESG Excellence for VPS
VPS considers sustainable development a core strategy, recognizing its profound impact on employees, clients, partners, and the community. According to a VPS representative:
“At VPS, we harmonize ESG strategies with long-term business growth goals, fulfilling our social and environmental responsibilities to create a sustainable future for everyone.”
To achieve this, VPS adheres to six ESG principles:
- Comprehensive: ESG factors are integrated into all our processes and decisions.
- Community Engagement: We are committed to actively participating in community engagement activities and promoting sustainable social development.
- Disclosure Requirements: We consistently engage in dialogues and require transparency in ESG information from all partners.
- Leadership: We support and promote the application of ESG principles to lead the sustainable development of the financial industry.
- Commitment to Collaboration: We are committed to ongoing collaboration with relevant stakeholders to ensure effective implementation of ESG principles.
- Transparency: We share transparent information and ESG activity outcomes with the community.
Following these principles, 2024 marked a significant year for VPS's ESG commitments:
Aligned with Vietnam's goal of achieving net zero emissions by 2025 and its strong commitment to promoting sustainable development under ESG standards, VPS has made significant efforts not only to foster a green lifestyle within the organization but also to create positive impacts on the community. In 2024, VPS launched the green living campaign "Dear Future: Together for Happiness", encouraging individuals to share their aspirations and actions toward building a better living environment for future generations.
As part of this initiative, the Green Legacy event, in collaboration with Gaia Nature Conservation Center, planted 1,100 new trees in Cuc Phuong National Park, Ninh Binh Province. Through this activity, VPS conveyed a meaningful message about human responsibility for the environment and the importance of creating positive changes for future generations.
Additionally, the "Green Walk to Work" program is an internal initiative regularly implemented by VPS to encourage employees to use eco-friendly transportation, such as buses, electric vehicles, bicycles, or even walking to work on the last Friday of each month. The program aims to foster a green workplace, reduce emissions, and enhance environmental awareness among VPS staff. After over a year of implementation, Green Walk to Work has received positive responses with more than 1,000 participations, with some departments achieving a 100% participation rate.
VPS's commitment to ESG practices in 2024 was further highlighted through impactful community and social initiatives. These included: supporting healthcare and social welfare programs; assisting communities affected by the historic Typhoon Yagi and funding the construction of a school in Na Vai Commune, Cao Bang Province.
These timely and practical initiatives not only carried profound humanitarian value but also addressed societal challenges, improved living standards, and contributed to building a legacy for the future.
In addition, VPS proudly ranked first among the Top 10 Private Securities Companies with the Largest Tax Contributions to the State Budget in Vietnam in 2024. This achievement underscores VPS's commitment to maintaining financial transparency while fulfilling its social responsibilities and contributing to the sustainable development of the nation's economy and society.
Over the years, VPS has consistently implemented sustainable development measures rooted in gender equality. A VPS representative stated, “At VPS, we value diversity and foster creativity among individuals, ensuring that every member has the opportunity to grow to their fullest potential.”
Pursuing the goal of creating lasting value for customers, employees, partners, and the community, VPS is committed to building a corporate culture where ESG plays a pivotal role. By integrating ESG principles into business operations and management, VPS reaffirms its responsibility as a leading securities company and continues its journey of delivering exceptional and sustainable value for everyone.
