As a business highly appreciated for its ESG practices, Vinamilk's Sustainable Development Report (SDR) has always been of interest and carefully studied by investors and the community. In its 12th year of publication, Vinamilk chose the theme of the 2023 SDR "Mindful Change - Net Zero 2050" for the 2023 SDR.

The 2023 PTBV Report has many innovations in both form and content.

International standards but close to readers

The report is referenced according to the Global Reporting Initiative (GRI) standards for sustainability reporting issued by the Global Sustainability Standards Board (GSSB) in 2016, revised in 2021. This is the international standard and the latest version of sustainability reporting.

In addition, the report also presents a number of additional published indicators according to GRI guidelines specifically for the food sector (GRI Food Processing). The strategic goals and activities in Vinamilk's orientation are also linked to the United Nations Sustainable Development Goals (17 Sustainable Development Goals) and the Global Dairy Sustainability Framework (DSF). The company representative said that the important results from the project with DSF helped Vinamilk come up with 11 key aspects and 6 priority aspects of sustainable development. This is an important step forward to help orient Vinamilk's sustainable development strategy closer to the core of the dairy industry. In 2023, the theme of the Report is "Mindful Change - Net Zero 2050", presenting contents related to Vinamilk's roadmap to implement Net Zero goals such as greenhouse gas inventory according to ISO 14064, units achieving carbon neutrality according to international standard PAS 2060:2014, action programs... The information presented includes management methods, goals to outline the overall picture of activities in the year and orientation for sustainable development in the future. Emphasizing the factor of transparency, Vinamilk's sustainable development report is always guaranteed by an independent auditor. "In addition to popular types of reports such as financial reports, management reports, etc., PTBV reports are increasingly interested and appreciated by many investors before deciding to invest in stocks. For businesses that are transparent about PTBV information and data, the first target they attract are institutional investors, foreign professional investors, and large investors because these units are often interested in governance and production - business depth, and corporate responsibility to the community. In the long term, the PTBV practices of these businesses will also impact individual investors," said Mr. Truong Hien Phuong - Senior Director of KIS Vietnam Securities JSC. From 2019 to present, Vinamilk has also gradually reduced the release of printed copies and developed a vivid online version, helping viewers easily look up necessary information and contributing to reducing printing paper, protecting the environment. This shows the company's efforts in improving the dry report, making many figures more vivid and easier to understand for the public, even young people or students.

Outstanding results in 6 priority PTBV aspects of Vinamilk according to the 2023 Report - Photo: VGP/PD

Making reports for the benefit of the business itself At the end of 2023, the Prime Minister issued Decision No. 1726/QD-TTg approving the Strategy for stock market development to 2030. One of the notable contents is the direction on the application of environmental, social and corporate governance (ESG) standards at stock exchanges and Vietnam Securities Depository and Clearing Corporation towards the sustainable development factor according to international practices. Mr. Truong Hien Phuong added: "Personally, I highly appreciate the trend of publishing sustainable development reports because the world has been 10-20 years ahead, but it has only become popular in Vietnam in recent years. Currently, only large enterprises have proactively published sustainable development reports, but I hope that in the future, small and medium-sized enterprises will recognize the strengths and follow this trend to bring better benefits to consumers, the community and society".

Vinamilk representative received the First Prize for PTBV Report in the 2023 Listed Company Selection - Photo: VGP/PD

Talking about the implementation of PTBV reporting early, even when there are no mandatory regulations, Ms. Tran Thai Thoai Tran, Director of Vinamilk's Internal Control and Risk Management Department, said: "In order to effectively manage the PTBV aspect, the basic foundation that needs to start is the database and understanding of data. With the motto that what can be measured can be managed, behind each report is a huge data warehouse, helping Vinamilk have a correct and complete picture of the company's PTBV practices. This also helps us provide accurate, transparent and consistent data to stakeholders." Listed enterprises preparing ESG reports or more broadly, PTBV reports are considered an important factor in the process of upgrading the stock market. Publishing PTBV reports is a very necessary practice of enterprises demonstrating transparency, professionalism and focus on PTBV. It is known that Vinamilk has a whole process for preparing reports, according to which, personnel are specifically assigned to each field and member unit to ensure data collection, drafting, and publication. It can be said that with 12 PTBV reports containing a huge amount of information and data, Vinamilk is a typical example of initiative and professionalism. Thanks to that, this enterprise regularly participates in major awards with leading positions in PTBV reports and is often rated as "worth looking forward to" every year. The representative of the Voting Council of the 2023 Listed Enterprise Voting shared: "Vinamilk's report continues to be a standard report, including all important indicators and areas; presented concisely and neatly with a moderate number of report pages. Right from the beginning of the report, the message of the General Director showed a high commitment of Vinamilk's Board of Directors and the successful integration of PTBV factors into the business strategy. This is reflected in the serious orientations and commitments to "bring net zero emissions (Net Zero) by 2050".

Vinamilk launched its first PTBV Report in 2012, published voluntarily and independently from the annual report. At that time, there were no mandatory requirements for the preparation and publication of PTBV reports.

PD

Source: https://baochinhphu.vn/vinamilk-cong-bo-bao-cao-phat-trien-ben-vung-voi-chu-de-net-zero-2050-102240611151815366.htm