HDBank releases 2024 Sustainable Development Report

“At HDBank, the bank understands that tomorrow comes from today’s actions. The bank is aware of its role and responsibility in creating values for society, protecting the environment, contributing to the development of a green economy, protecting people’s rights, and shaping a sustainable future,” Kim Byoungho, chairman of the board of directors and chairman of the environmental, social, and governance (ESG) committee at HDBank, stated in the report.

HDBank's Sustainable Development Report,themed “Xanh tuoi tu duy, vung ben tang truong” (green mindset, sustainable growth), has 195 pages, and is separate from HDBank’s annual report.

Based on the Global Reporting Initiative’s 18 criteria, the report covers information about the bank’s goals and commitments, strategies and management, action plans, achievements, as well as future vision for sustainable development, and ESG practices.

Among them, sustainable development indexes related to ESG have been developed by HDBank based on the Global Sustainability Standards Board's standards for sustainability reporting and the United Nations’s Sustainable Development Goals (SDGs).

HDBank has clearly defined goals and a strategic vision to implement ESG through its strong commitments and specific action plans, which bring the utmost benefits to relevant stakeholders. HDBank aims to become a net-zero bank by advancing the goals of green finance, green transformation, and sustainable finance.

For society and the community, HDBank promotes its corporate culture and builds a happy workplace for all employees. To fulfill its corporate social responsibility (CSR), the bank pioneers in driving financial inclusion, targeting customers in tier-2 urban and rural areas. At the same time, HDBank has improved its banking management system in line with international standards, proactively incorporating ESG factors into its risk management system to ensure strong and sustainable growth.

According to the report, HDBank issued ESG policies and environmental and social risk management regulations in 2023 to enhance sustainable banking practices for customers and collaborate with partners. Recognizing the meaning of financial inclusion, HDBank also promotes policies and programmes that help increase access to financial services for customers, including small- and medium-sized enterprises, workers, farmers, small retailers, and low-income people, on its digital banking platform.

In addition, HDBank’s CSR activities receive warm support from its 17,000 employees through volunteer trips across the country. This is also one of the values that contributes to building a corporate culture and humane spirit at HDBank. Thus, the bank has become a happy workplace and has been recognised as “Best place to work in Asia” for six consecutive years.

Towards 35 years of sustainable development, following the launch of the Sustainable Development Report, HDBank is accelerating a plan to seamlessly integrate ESG criteria into its operations to achieve the high growth target laid out in the strategy.

HDBank’s faith in ESG pays off for partners and customers HDBank is pioneering the internationalisation of its governance practices and is benefiting from the steadfast support of seasoned shareholders and investment funds.

HDBank posted record profit for 2023 With its sustainable development strategy and effective risk management, Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) sailed through last year's troubled waters to achieve high growth across all indicators.

HDBank announces over $500 in million profit The Ho Chi Minh City Development Joint Stock Commercial Bank on March 29 announced its 2023 audited financial statements, which show it achieved its best-ever results with pre-tax profit exceeding VND13 trillion ($524 million), an increase of 26.8 per cent, consolidating its rapid growth.