Annual Report 2020
5
SUSTAINABLE DEVELOPMENT
REPORT
5
SUSTAINABLE DEVELOPMENT
REPORT
OVERVIEW OF SUSTAINABLE DEVELOPMENT

In the early years of the 21st century, along with the rapid socioeconomic development, people are increasingly aware of the dangers of accompanying environmental impacts. In 2004, former United Nations Secretary-General Kofi Annan sent a message to 50 CEOs of major global financial institutions to launch the initiative of incorporating ESG (environment-socialgovernance) factors into the capital market, laying the foundation for a sustainable development trend in the financial industry. In 2015, the Ho Chi Minh Stock Exchange (HOSE) officially became a partner of the Sustainable Stock Exchanges Initiative (SSE Initiative) of the United Nations with the goal of enhancing transparency in corporate governance, creating conditions for parties to discuss and commit to corporate responsibility for the environment and society.

Scope of the report

In 2020, the world witnessed the emergence and spreading of the Covid-19 pandemic, causing negative impacts on all aspects of economic and social life at a global scale. In addition, Vietnam also suffered from the severe consequences of the worst floods and landslides in decades, resulting in serious damage to the local ecosystem and environment. Once again, the issue of sustainable development became extremely urgent, in which the core was to create economic growth accompanied by conservation and restoration of nature, promoting positive social impacts.

With the mission and vision to become the No. 1 bank in Vietnam, one of the 100 largest banks in Asia, one of the 300 largest financial banking groups in the world, one of the 1,000 largest listed companies in the world with great contributions to the development of Vietnam, Vietcombank has set a strategic goal to become the leading bank in terms of customer experience, quality of human resources, risk management, digital banking, profitability, retail and investment banking, etc.

SOCIAL ACTIVITIES OF VIETCOMBANK

With the throughout goal toward a green bank and sustainable development for the community, Vietcombank’s social activities are increasingly promoted with many practical and meaningful programs, contributing to the general development of the community and society.

The social activities have been performed by Vietcombank for many years with active participation from head office and all branches. The activities aim to alleviate difficulties and improve living conditions for the poor in disadvantaged regions in the country.

In 2020, Vietcombank spent more than VND 386.5 billion for social security activities. During 2016 - 2020 period, the amount for this activity was nearly VND 1,121 billion.

Total amount of funding for Vietcombank’s social security activities in 2020 was:
Funding Purposes
Value realized in 2020
(Unit: VND million)
Education
159.190
Healthcare
20.342
COVID-19
37.663
Build houses for the poor/solidarity houses
57.270
Overcome disaster consequences
29.620
Other areas
82.367
TYPICAL SOCIAL SECURITY CAMPAIGNS IN 2016-2020 PERIOD
FOR A GREEN VIETNAM

“For A Green Vietnam” was a program organized by the Secretariat of the Central Committee of the Ho Chi Minh Communist Youth Union in collaboration with the Executive Boards of provinces/cities in 63 provinces and cities nationwide with the goal to enhance awareness, responsibility and promote the role and creativity of union members and adolescents in planting, caring and protecting trees, contributing to environmental protection, climate change response and sustainable development of the country; the program aimed to fulfil targets of Resolution of the 11th National Assembly to plant 30 million new trees.