Citi Vietnam has been recognised by the American Chamber of Commerce in Hanoi at its eighth annual AmCham CSR Recognition Awards, honouring its members’ best corporate social responsibility programmes in Vietnam.
The award was bestowed on Citi and 27 other companies at a ceremony presided over by American Ambassador Marc E. Knapper, for understanding the linkages between business operations and society and conducting business in a way that creates both long-term economic and social value in Vietnam.
Speaking at the event, AmCham chair John Rockhold explained that corporate social responsibility was no longer defined by how much money a company contributes to charity but by its overall involvement in activities that improve the quality of people’s lives in the communities they serve.
“At Citi, our CSR agenda reflects our role and responsibility as a global bank to help solve many of society’s tough challenges. It’s a part of our business model and embedded in the products and services we offer,” said Ramachandran A.S., Citi Vietnam’s country officer.
In 2022, as part of the Citi Vietnam Community Week, Citi Vietnam organised tree planting events and blood donation programmes in Hanoi and Ho Chi Minh City.
Hundreds of Citi volunteers joined a tree-planting campaign at Nam Cat Tien National Park in Dong Nai province and Phu Ninh Primary School in Phu Tho province, and planted more than 1,500 trees.
The tree-planting programme was organised to support the Vietnamese government’s ambition of growing one billion trees in the next five years, reflecting Citi’s focus on ESG.
Commenting on the many CSR programmes that Citi and other AmCham members operate in Vietnam, AmCham executive director Adam Sitkoff opined that C-suite executives viewed CSR as a creative opportunity to strengthen their businesses while contributing to Vietnam’s development.
AmCham’s CSR Recognition Award Programme is designed to raise awareness of CSR among AmCham members and the community and recognise firms with best-practice CSR programmes in Vietnam.
To qualify for AmCham’s CSR Recognition Award, a company’s CSR programme must score highly in four key categories: attention to business objectives and societal needs; creation of long-term economic and social gains; communication and sharing of best practices, and programme sustainability.
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By Anh Duc