BID - Top 20 stocks with the best sustainable development index

Being in the Top 20 VNSI in 2024 is an affirmation of BIDV's continuous efforts in contributing to the Government and Vietnamese management agencies to implement a sustainable development strategy, promoting transparency, responsibility and creating common values for the community.

Measuring sustainability using global standards

The VNSI Index was launched by HOSE in collaboration with the German International Cooperation Organization (GIZ) and the State Securities Commission of Vietnam in July 2017, and is used to evaluate listed companies based on more than 100 criteria according to the OECD principles of corporate governance and the Global Standards for Sustainability Reporting (GRI). The VNSI Index reflects the trend of sustainable investment according to the Environmental - Social - Governance (ESG) criteria with the following objectives: Identifying sustainable development standards for listed companies; Supporting institutional and individual investors in identifying "green" businesses for investment; Strengthening the sustainable development trend of the entire economy; Identifying criteria for best practices on ESG; Adding a new investment tool, contributing to promoting growth of the stock market and the economy.

At BIDV, in the Business Development Strategy for the period 2021 - 2025, with a vision to 2030, the bank has identified "towards sustainable development" as a consistent goal in banking operations, with the brand positioning of "Pioneering in creating sustainable values", aiming at the Green Bank model. With the determination to become a market-leading bank in sustainable development practices and green finance, in 2023, BIDV established a Steering Committee and Project Management Board to develop and implement a sustainable development strategy and overall ESG practices.

BIDV is committed to implementing transparent and effective governance, accompanying the Government on the roadmap to achieve national sustainable development goals. BIDV actively provides customers with the best products and services, enhancing the experience on a modern digital banking platform; creates a professional working environment, comprehensively cares for employees; brings sustainable, long-term benefits and values to shareholders with stable dividends and increased stock value.

Leading the path to Sustainable Development

As the commercial bank with the largest green credit balance in the system with a scale of VND 74,177 billion in green credit (accounting for 4.24% of total outstanding loans) as of December 31, 2023, BIDV actively supports businesses in investing in technological innovation, reducing carbon emissions, contributing to the transformation of the green economy. BIDV is the first commercial bank in Vietnam to issue a "Sustainable Loan Framework" and a "Green Bond Framework" according to international standards. With VND 2,500 billion (equivalent to more than USD 100 million) of green bonds successfully issued in October 2023, BIDV became the first commercial bank to issue green bonds according to international principles in Vietnam. BIDV was honored by Global Banking and Finance Review magazine as the bank implementing the best ESG bond issuance transaction in Vietnam in 2023; Top 10 Sustainable Enterprises in the field of trade and services in Vietnam in 2023 (VCCI). BIDV is also a pioneer bank cooperating with the Ministry of Natural Resources and Environment in promoting green finance, sustainable development and responding to climate change. In addition to providing green credit from commercial capital, BIDV is also trusted by many international financial institutions such as WB, AFD, EIB and provides entrusted capital for green project loans with a total value of 500 million USD.

BIDV and ADB signed a Memorandum of Understanding on promoting green credit.

In addition to business activities, BIDV has made a strong mark as a pioneer enterprise in implementing social responsibility for the community - one of the core values that the bank strives to devote a lot of resources and effort to. BIDV has had many initiatives in community activities and spread humanistic values to attract customers and the public to join hands and bring positive values to the whole society, such as the annual online charity run BIDVRUN, Tet Gift Program for the poor, One Million Tree Planting Program, "Freshwater for a Green Life" Program, Community Cultural House Construction Program to avoid floods, etc.

The annual online charity run "BIDVRUN - For a Green Life" attracts the attention and participation of the community.

A "Community Cultural House to Avoid Floods" project sponsored by BIDV in Quang Binh province

In the context of favorable conditions for green banking activities in Vietnam, BIDV Green Bank is expected to develop and improve more comprehensively and comprehensively in the coming time. This is also an inevitable shift, helping BIDV take advantage of market opportunities to continue to develop BIDV's business activities sustainably, contributing to the country's efforts for green and sustainable growth.