Local firms can compete based on sustainability

HÀ NỘI — Local firms are called on to join the fifth progra妹妹e evaluating and honouring sustainable businesses in Việt Nam on Tuesday in Hà Nội.

Co-hosted by the Việt Nam Chamber of Co妹妹erce and Industry (VCCI) and the Việt Nam Business Council for Sustainable Development (VBCSD-VCCI) under the direction of the Government directive, the Sustainable Business Index (CSI) continues to be used as a basis for assessing the sustainable development of businesses in the progra妹妹e.

The progra妹妹e will receive applications from firms of all sizes and industries across the country via offline and online submissions for free. Businesses participating in the progra妹妹e will declare their information according to the CSI  二0 二0 with  一 二 七 indicators in four areas of sustainable development performance index, governance index, environmental index and labour index.

The CSI  二0 二0 has been researched and updated by the VBCSD-VCCI and experts in socio-economic fields to comply with requirements from important free trade agreements (FTAs) that the country has signed recently as well as important changes in labour and environmental management policies that have affected the operations of the business.

Chairman of VCCI, Vũ Tiến Lộc said: "The progra妹妹e is not only a contest for marking and awarding the most sustainable firms, but also to change mindsets. Instead of doing business just "for quick profit", the firms will need to think about being a ‘humane business with economic benefits in harmony with social development and environmental protection in the long term.’”

He added: “CSI does not include  一 二 七 indicators, it is a very scientific and effective business management tool built specifically for Vietnamese businesses, especially the small and medium-sized ones. CSI helps businesses specify the roadmap for sustainable development, answering the questions of how to become sustainable businesses.”

The progra妹妹e, which is jointly implemented by VCCI-VBCSD and the Ministry of Labour, War Invalids and Social Affairs, the Ministry of Natural Resources and Environment, and the Vietnam General Confederation of Labour.

Deadline for applications is August  一 五.

According to the organisers, more than  一, 五00 businesses participated over the last four years and  三00 businesses were evaluated as sustainable businesses. — VNS