MESSAGE ABOUT SUSTAINABLE DEVELOPMENT
MESSAGE ABOUT SUSTAINABLE DEVELOPMENT
Valued Shareholders, Customers, Partners and Stakeholders of VietinBank,
2023 officially became the hottest year in human history on record. Vietnam and many countries around the world adopted the "Global Cooling Pledge" within the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in accordance with the orientations of Vietnam’s Sustainable Development Strategy, National Strategy on Climate Change until 2050 and National Determined Contribution (NDC) updated in 2022.
Climate change is no longer a warning. Vietnam is one of the five countries that have been and will be most severely affected if we do not join hands in building a low-carbon economy, a goal that requires the engagement of all economic sectors, including the banking industry.
Taking ESG (Environmental, Social, Governance) practice, promotion of climate finance and sustainable finance as one of the key tasks, over the last few years, VietinBank has incorporated ESG elements into bank-wide development strategy, aiming for steady, sustainable growth and community engagement. VietinBank's BoD consolidated the Sustainable Development Steering Committee as the focal point for implementing activities related to sustainable development. With the direct participation of one BoD member and one BoM member, the Sustainable Development Steering Committee will advise the BoD and the BoM of VietinBank on sustainable development issues, ensuring that VietinBank's sustainable development strategy will be implemented consistently throughout the bank. Besides, in 2023, the Bank completed the Sustainable Finance Framework according to international practices, providing specific guidelines on financing and management of proceeds for eligible Green and Social projects. VietinBank's Sustainable Finance Framework obtained a Second Party Opinion from Sustainalytics - a reputable company in the US that evaluates the sustainability of listed companies based on environmental, social and governance performance. Accordingly, VietinBank's Sustainable Finance Framework is "credible, impactful and aligns with the Sustainability Bond Guidelines 2021, Green Bond Principles 2021, Social Bond Principles 2023, Green Loan Principles 2023 and Social Loan Principles 2023”. These are internationally recognized sets of guidelines and principles. One of VietinBank's milestones last year was the development and implementation of the Digital Transformation Program for the 2024 – 2028 period. VietinBank's digital transformation journey is expected to not only create outstanding competitiveness for the Bank and bring best-in-class customer experiences, but also make significant contribution to the target of reducing emissions in VietinBank's own operations.
Throughout 35-year development journey, in parallel with business development and service quality improvement, VietinBank has always focused on implementing the commitments on corporate social responsibility and pursuing sustainable values. Through practical actions such as cooperating with State agencies in response to climate change; mobilizing resources from international cooperation to support businesses in sustainable development; at the same time, launching diverse packages of customized sustainable financial solutions, VietinBank aspires to contribute to building and promoting sustainable development and prosperity of the country and community; adding more values to shareholders, customers and employees.
Going forward, VietinBank identifies IT as a key factor and quality human resources as the decisive factor in successful execution of sustainable development strategy. The Bank is committed to promoting green credit and green banking towards sustainable development; at the same time, improving the quality of human resources, execution capacity and strengthening employee engagement for better performance, becoming a responsible Bank in the realization of sustainable development goals.
VietinBank’s Senior Management would like to express the gratitude to Valued Shareholders, Customers, Partners and Stakeholders for your trust and company during 35-year journey of shared value. VietinBank is committed to further implementing corporate social responsibility, spreading sustainable values to bring significant and long-term benefits to customers, partners, shareholders, employees and community based on care, respect and empathy.
Best regards!
VietinBank’s Senior Management Team
Valued Shareholders, Customers, Partners and Stakeholders of VietinBank,
2023 officially became the hottest year in human history on record. Vietnam and many countries around the world adopted the "Global Cooling Pledge" within the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in accordance with the orientations of Vietnam’s Sustainable Development Strategy, National Strategy on Climate Change until 2050 and National Determined Contribution (NDC) updated in 2022.
Climate change is no longer a warning. Vietnam is one of the five countries that have been and will be most severely affected if we do not join hands in building a low-carbon economy, a goal that requires the engagement of all economic sectors, including the banking industry.
Taking ESG (Environmental, Social, Governance) practice, promotion of climate finance and sustainable finance as one of the key tasks, over the last few years, VietinBank has incorporated ESG elements into bank-wide development strategy, aiming for steady, sustainable growth and community engagement. VietinBank's BoD consolidated the Sustainable Development Steering Committee as the focal point for implementing activities related to sustainable development. With the direct participation of one BoD member and one BoM member, the Sustainable Development Steering Committee will advise the BoD and the BoM of VietinBank on sustainable development issues, ensuring that VietinBank's sustainable development strategy will be implemented consistently throughout the bank. Besides, in 2023, the Bank completed the Sustainable Finance Framework according to international practices, providing specific guidelines on financing and management of proceeds for eligible Green and Social projects. VietinBank's Sustainable Finance Framework obtained a Second Party Opinion from Sustainalytics - a reputable company in the US that evaluates the sustainability of listed companies based on environmental, social and governance performance. Accordingly, VietinBank's Sustainable Finance Framework is "credible, impactful and aligns with the Sustainability Bond Guidelines 2021, Green Bond Principles 2021, Social Bond Principles 2023, Green Loan Principles 2023 and Social Loan Principles 2023”. These are internationally recognized sets of guidelines and principles. One of VietinBank's milestones last year was the development and implementation of the Digital Transformation Program for the 2024 – 2028 period. VietinBank's digital transformation journey is expected to not only create outstanding competitiveness for the Bank and bring best-in-class customer experiences, but also make significant contribution to the target of reducing emissions in VietinBank's own operations.
Throughout 35-year development journey, in parallel with business development and service quality improvement, VietinBank has always focused on implementing the commitments on corporate social responsibility and pursuing sustainable values. Through practical actions such as cooperating with State agencies in response to climate change; mobilizing resources from international cooperation to support businesses in sustainable development; at the same time, launching diverse packages of customized sustainable financial solutions, VietinBank aspires to contribute to building and promoting sustainable development and prosperity of the country and community; adding more values to shareholders, customers and employees.
Going forward, VietinBank identifies IT as a key factor and quality human resources as the decisive factor in successful execution of sustainable development strategy. The Bank is committed to promoting green credit and green banking towards sustainable development; at the same time, improving the quality of human resources, execution capacity and strengthening employee engagement for better performance, becoming a responsible Bank in the realization of sustainable development goals.
VietinBank’s Senior Management would like to express the gratitude to Valued Shareholders, Customers, Partners and Stakeholders for your trust and company during 35-year journey of shared value. VietinBank is committed to further implementing corporate social responsibility, spreading sustainable values to bring significant and long-term benefits to customers, partners, shareholders, employees and community based on care, respect and empathy.
Best regards!
VietinBank’s Senior Management Team