VinFast, Vietnam's first global electric vehicle manufacturer, has received an indicative Corporate Environmental, Social and Governance (ESG) Assessment from Morningstar Sustainalytics, a globally recognised research, ratings, and data firm.
|Vinfast receives an indicative corporate ESG assessment from sustainalytics |
VinFast received an overall indicative Corporate ESG Assessment score of 23.3, the top ESG rating (i.e. lowest potential risk) compared with other pure EV companies.
Sustainalytics performed a broad-based Corporate ESG Assessment of VinFast covering seven distinct ESG categories: carbon – product and services; human capital; product governance; business ethics; carbon-own operations; human rights – supply chain; and corporate governance.
As of July 2022, VinFast received an overall indicative Corporate ESG Assessment that places the company in the “medium risk category” and in the top ten automobile companies with the top ESG rating (i.e. lowest potential risk) compared with other pure EV companies.
Morningstar Sustainalytics is a leading ESG research, ratings and data that works with hundreds of the world’s leading asset managers and pension funds that incorporate ESG and corporate governance information and assessments into their investment processes.
Thuy Le, Vingroup vice chairwoman and VinFast chairwoman, said, “VinFast envisions a sustainable future for people and the planet through green, clean and safe mobility. This is a future built on intelligent services, outstanding customer experience, and deep care for the planet and future generations. VinFast is committed to innovative vehicle design, quality, technology, and excellent customer service.”
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Many businesses in Vietnam are advised to use environmental, social, and governance criteria as soon as possible as an effective tool for their sustainable development and improve their competitiveness. However, numerous challenges are facing them ahead.
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A project on the impact assessment of the EU’s Carbon Border Adjustment Mechanism (CBAM) and recommendations on carbon tax policies for Vietnam officially kicked off this month.
| ||VinFast submits IPO in the US |
VinFast Trading & Investment – a Vingroup subsidiary based in Singapore – has just submitted documents for its first initial public offering (IPO) in the US.