VCCI launches annual programme determining sustainable enterprises

May 27, 2020 | 09:56

(0) user say

The Vietnam Chamber of Commerce and Industry (VCCI) kicked off its annual programme on evaluating and identifying sustainable enterprises around the country in Hanoi on May 26.

vcci launches annual programme determining sustainable enterprises

VCCI Chairman Vu Tien Loc speaks at the launch of the programme on May 26 (Photo: VNA)

Now in its fifth year, the programme is open for submissions until August 15, with a ceremony to honour selected businesses scheduled for November.

According to Pham Hoang Hai from the Vietnam Business Council for Sustainable Development (VBCSD), enterprises in all sectors and of all sizes can lodge a submission, which is free.

The 2020 version of the Corporate Sustainable Index (CSI), updated by VBCSD and experts across socio-economic fields, has 127 criteria in the four categories of sustainability, leadership, the environment, and employment.

It is in line with FTAs Vietnam has signed recently, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam FTA, as well as with key changes in the country’s management policy regarding labour and the environment. It also includes contents relating to Vietnam’s 17 sustainable development goals and the national action plan to realise the UN’s 2030 Agenda on sustainable growth.

VCCI Chairman Vu Tien Loc said the programme is not only a contest but also focuses on creating changes in doing business that balance economic benefits, social development, and environmental protection in the long term.

The past four editions of the programme attracted the participation of more than 1,500 enterprises, of which 300 were honoured for their contributions to sustainable growth.

VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional