SCG được vinh danh Top 50 doanh nghiệp FDI tiêu biểu tại Việt Nam

SCG HONORED IN THE TOP 50 OUTSTANDING FDI COMPANIES IN VIETNAM AT THE 21ST GOLDEN DRAGON AWARDS

Demonstrated SCG’s sustainable development strategy of ESG 4 Plus

SCG has been ceremoniously named amongst the top 50 Outstanding FDI companies in Vietnam in 2021-2022 for the first time at the 21st Golden Dragon Awards, organized by the Ministry of Foreign Affairs, VnEconomy - Vietnam Economic Times (VET). This is the formal recognition for the corporate’s sustainable development strategy and ceaseless efforts toward the economic recovery and community development despite global challenges such as Covid-19 and climate change. After a tumultuous year, to be honored in the top 50 Outstanding FDI Companies in Vietnam is a significant milestone for SCG in the journey of contributing to the green growth and sustainable development of Vietnam.

With the theme of “Resource Convergence for Promoting Green Growth and Sustainable Development”, the 21st Golden Dragon Awards aims to promote international cooperation and support and push the implementation of development goals and international commitments for Vietnam’s successful development. The award honored FDIs that are pioneers in innovation, creativity, green transformation, and digital technology application in production, business, and corporate governance. Specifically, in the context of the “new normal”, they are required to have clear policies and innovative plans to promote green growth and sustainable development and proactively respond to Covid-19, natural disasters, and climate change.

Responding to the Vietnamese government's calls for green transition and sustainable growth, SCG remains persistent in its commitment to sustainable development. Despite the complicated effects of inflation and pandemic in the past year, besides impressive business results, SCG has impressed with its business development policies associated with green growth and social responsibility, such as: adjusting policies, materials, and packaging in line with the trend of environmentally friendly development, using clean energy sources, innovating their products and reduce greenhouse emissions in the production process. In addition, SCG is one of the pioneering enterprises committed to investing more than 47 trillion VND by 2030 in improving production processes, developing low-carbon production and business industries, with the expectation of making a positive contribution to the commitment to Net Zero emissions by 2050.

“The first time to be named among the top 50 Outstanding FDI Companies in Vietnam is an honor for all of us at SCG. For almost 30 years in Vietnam, SCG has followed the sustainable development strategy, allowing us to continuously contribute to the country. The recent challenges from the Covid-19 pandemic, natural disasters, and climate change require SCG to flexibly transform our business model and grasp global trends to overcome difficulties and create shared values and betterment for the communities. One of the fundamental transformations is the ESG 4 Plus framework we rolled out in 2021. We believe this strategy is the internationally acclaimed business operation standard. Not only did it help us tackle challenges, but the framework is also core for our operations to show responsibility for society, community, and the environment.” said Mr. Piyapong Jriyasetapong - General Director of SCG Vietnam, subsidiaries of SCG.

The ESG 4 Plus is raised to “Set Net Zero – Go Green – Reduce Inequality – Embrace Collaboration” while harnessing good governance operations. Regarding “Set Net Zero” and “Go Green”, SCG aims to enhance the production process and propel low-carbon businesses to achieve the 20 percent greenhouse gas emissions reduction target by 2030 and accomplish Net Zero-emission by 2050. For example, SCG and Long Son Petrochemicals Co., Ltd (LSP), a subsidiary of SCG Chemicals, have implemented the Waste Segregation at source project, which was first piloted at Long Son 1 and 2 Primary Schools in Ba Ria - Vung Tau province since 2020. The pilot phase aimed to educate young children about environmental issues and waste segregation mindsets and enlist the help of teachers and families to involve the entire community in the later stages. To tie up with the young Vietnamese generation to adopt a circular economy to solve the problem of mismanaged waste in the country, SCG also organized an online Photo Contest titled “Less Waste – More Green”. The contest encourages young people to take pictures of their small actions to turn waste into less waste.

In the face of the complicated development of the Covid-19 pandemic, SCG supported hospitals throughout Vietnam with specialized medical equipment for treatment processes such as portable ultrasound machines, handheld x-ray machines, monitors, syringe pumps, and many more. SCG’s latest innovations include hygiene modular bathrooms, SCGP paper field hospital beds, premium-quality paper boxes, and mobile positive pressure chambers that were also sent to pandemic hotpots to help reduce the burden for frontline medical teams also make the treatment processes safer.

A milestone marking the continuous sustainable development efforts of SCG is that there have five member companies of SCG from all three core businesses of SCG (Packaging, Cement-Building materials and Chemicals), including Vina Kraft Paper Co., Ltd, SCG Concrete Roof (Vietnam) Co., Ltd, Buu Long Industry and Investment Joint Stock Company, Song Gianh Cement Joint Stock Company and Binh Minh Plastic Joint Stock Company, have been listed in the Top 100 Sustainable Companies in 2021 based on Programme on Benchmarking and Announcing Sustainable Companies in Vietnam (CSI Programme).

Besides, Vina Kraft Paper Co., Ltd was recognized as one of the five specific businesses in terms of Gender Equality in the Workplace. At VKPC, women’s promotion opportunities are also equal to men's. To reduce inequality at work, SCG also creates favorable conditions for women to advance in their career through policies on allocating work in accordance with the personality and typical capacity of each individual. The company also focuses on each female employee's living and working conditions such as family, children, and income to find the best way to support employees.

In addition, prioritizing ensuring benefits and health of employees, especially at the peak period of the pandemic, SCG and its subsidiaries strictly comply with regulations on public health, have advocated policing, stipulating and spiritualizing principles to ensure safety for people, society and the environment, respecting diversity, upholding humanity and inclusiveness in strategies and action plans. At the end of August 2021, after a visit to some enterprises and production plants in Binh Duong province, the Deputy Prime Minister, Mr. Le Van Thanh, evaluated and commended VKPC as an enterprise with typical production arrangements and pandemic prevention. The company provided vaccinations and daily allowance for all working workers to encourage them to work together through the challenging period.

In terms of governance, SCG focuses on good internal governance to ensure that its businesses in Vietnam are transparent and fair. The group will aim to realize the ESG 4 Plus targets as delivered by the executives.

The ESG 4 Plus is the core mission that SCG strives to achieve by integrating the knowledge, expertise, experience, and innovation and technology. This shall alleviate the crises, sustain the society, and help the corporation achieve its goals of green and sustainable development, keep contributing to the local communities in Vietnam.

About SCG

SCG, one of the leading conglomerates in the ASEAN region, comprises three core businesses: Cement - Building Materials, Chemicals, and Packaging (SCGP). With more than 200 companies under its umbrella and approximately 57,000 employees, SCG creates and distributes innovative products and services that respond to the current and future needs of consumers. SCG began its business operations in Vietnam in 1992 with a trading business and gradually expanded its investment in diversified businesses in cement-building materials, chemicals, and packaging.

Today, with a total of 21 companies across Vietnam driven by more than 9,600 employees, SCG offers a variety of premium products and services to markets. Available products in cement-building materials include concrete roof, fiber cement board, fiber-cement wood substitute products for floor and ceiling, white cement, ready-mixed concrete under the brand 'SCG' and wall and floor ceramic tiles under the brand 'Prime' and sanitary ware & fittings, bathroom fixtures under the brand 'COTTO'. The latest is the cement product under 'SCG Super Cement', 'Song Gianh', and 'StarCemt'. In the packaging business, available products are reading & writing paper under the brand 'IDEA' and corrugated containers, kraft paper, and flexible packaging. In the chemicals business, available products are downstream chemicals products such as PE&PP, XLPE, PVC resin, and compound, etc.