VIR to host seminar on ESG integration

November 19, 2024 | 08:45

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As the lifeblood of the economy, the banking sector is playing a pivotal role in pioneering Environmental, Social, and Governance (ESG) standards while supporting Vietnam’s bold reforms on green and sustainable growth.

To amplify communication on this vital topic, VIR is working with the State Bank of Vietnam (SBV) and the Ministry of Planning and Investment (MPI) to host a seminar, 'ESG in Banking: Leading in Implementation' on November 19.

The event will take place at the Pullman Hotel, with the participation of foreign financial institutions, commercial banks, and leading domestic and international experts.

VIR to host seminar on ESG integration

The seminar will begin with opening remarks and speeches by Le Trong Minh, VIR editor-in-chief and Dao Minh Tu, Standing Deputy Governor of the SBV. This will be followed by presentations to increase awareness of ESG in the financial sector, including insights from the Credit department of the SBV, Agribank, and Saigon-Hanoi Joint-Stock Bank.

The discussion panel 'ESG in Banking: Identification and Action' will explore the opportunities, challenges, and practical solutions for implementing ESG in the financial and banking sectors. It will also delve into the need for rapid completion of the legal framework, the role of communication, and international collaboration in advancing ESG.

Moderated by Minh from VIR, this panel will feature representatives from the Ministry of Natural Resources and Environment, Asian Development Bank, and experts from GIZ, the German Development Cooperation, Standard Chartered Bank, and founder of Emcom Technology and Trading Joint-Stock Company

The discussion will address access to investment capital, phased ESG roadmaps, strategies to meet and drive green demand, sustainable customer development, and international fundraising experiences, alongside other challenges.

Live: ESG in Banking: Leading in Implementation

Factors to take into account for ESG implementation

The COP29 summit, starting November 11, is pivotal for addressing global climate challenges. From our perspective, such international gatherings are crucial as they lay the groundwork for future policies and agreements that influence businesses worldwide, including in Vietnam.

ESG implementation spurs bank progress

The Vietnamese banking sector recognises its role in leading environmental, social, and governance efforts, driving sustainable investment flows, and setting new standards for its clients.

By Hoang Minh

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