REPORT
REPORT
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.
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.
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.
(Unit: VND million)