On December 1, in Hanoi, Masan High-Tech Materials was honoured by the Vietnam Chamber of Commerce and Industry in the Top 100 Sustainable Business list in Vietnam (CSI-100), marking the company's fifth year in a row participating in the ranking.
Possessing modern production technology, Masan High-Tech Materials adopts smart management processes and adheres strictly to environmental regulations. The company is seen as a role model in implementing carbon-neutral initiatives, promoting a circular economy, and saving energy.
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Masan High-Tech Materials has fully met the rigorous screening criteria based on the Corporate Sustainability Index (CSI) developed by the Vietnam Business Council for Sustainable Development for Vietnamese enterprises. As a measure of the value of enterprises based on the sustainability criteria in the economic, environmental, and social sectors, the CSI is also a tool for measuring and managing governance policies to make business operations more sustainable.
The CSI-100 award is a recognition of the company's 2022 achievements and sustainability efforts throughout the years.
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“Masan High-Tech Materials is extremely proud to be honoured as a Top 100 Sustainable Business in Vietnam. We are always aware that the long-term success of businesses must be linked to elements such as legal accountability, community responsibility, and working together to solve society's challenges,” said Phan Chien Thang, the company's director of Media, Community, and External Relations.
In light of the global trend of accelerating a circular economy to achieve sustainable development goals, Masan High-Tech Materials is continuing to research and plan for construction of the first tungsten recycling plant in Vietnam. The project aims to turn Vietnam into a top tech centre for the region in recycling tungsten and precious metals, thereby reducing reliance on primary raw materials from mining activities.
To meet the trend of using clean fuel, Masan High-Tech Materials has invested in Nyobolt’s fast-charging battery technology and introduced the use of tungsten into the manufacturing of safe electric batteries. With its recycling strengths and technological investment, Masan High-Tech Materials is among the first companies in Vietnam to enter the fast-growing electric battery industry.
The company is expected to soon become prominent in offering global consumer technology products, with the safe and high-efficiency rechargeable Li-ion battery being the first to market.
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Masan Group Corporation (Masan) and The Sherpa Company Limited, a direct subsidiary of Masan, have wrapped up a $600 million syndicated term loan to support investment activities, realizing Masan's strategic long-term objectives and general corporate purposes.
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Masan Group has made proposals to the German government to facilitate its investment in renewable technology in Germany.
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Masan Group’s activities over the past year or so have shed a spotlight on Vietnam’s merger and acquisition market thanks to the group’s dealmaking efforts to transform business models.