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Bao Viet shares experience in sustainable development goals

Released at: 17:38, 11/10/2017

Bao Viet shares experience in sustainable development goals

Photo: Bao Viet

Insurer addresses Vietnam Corporate Sustainability Forum 2017 on its activities in implementing sustainable development.

by Hai Van

Bao Viet shared its experience in deploying sustainable development goals at the Vietnam Corporate Sustainability Forum 2017 (VCSF) on October 10.

Deputy Director of Operations Management and Member of the Steering Committee for Sustainable Development at the Bao Viet Group, Mr. Tran Huy Trung, took part in a session on implementing initiatives for meeting sustainability development goals (SDGs).

He spoke of how to approach and integrate SDGs into the strategic direction of business development and the implementation plan for SDGs in the value chain.

He also made proposals and recommendations to the government and relevant agencies on contributing to the creation of an enabling environment for the achievement of the SDGs in Vietnam.

“Sustainable development is one of the strategic objectives of Bao Viet, in both its business strategy and its practical activities,” he said. “Bao Viet wishes to contribute, with the government and related agencies, to bringing sustainable development into reality and at the same time spreading sustainable values among Vietnam’s business community.”

Mr. Trung also presented the insurer’s experience in developing a Sustainable Development Report under the global reporting initiative (GRI) standard.

Compliance with the GRI standard allowed Bao Viet to provide a holistic picture of its key issues and their implications and how they can be managed. Through the discussion of trends, reporting standards and experience sharing during the reporting period, Bao Viet and its partners came to agreement on important issues.

As an active member of the Vietnam Business Council for Sustainable Development (VBCSD) and as Vice Chairman of VBCSD from 2017 to 2020, Bao Viet is keen to deepen its involvement in VBCSD’s Executive Board, jointly develop action plans and new initiatives to support and promote sustainable business in Vietnam’s business community, and spread sustainable values to the community.

Bao Viet recently received the Silver Award for its 2016 Integration Report and the Best Sustainability Report 2016 at the Annual Report Competition (ARC).

It has also consistently done well in international Annual Report and Sustainable Development Report awards, receiving Top 18 Sustainability Reports Worldwide and four Platinum Awards for the Best Sustainability Report in the Insurance and Financial Services Industry.

Bao Viet is also the first company in Asia to reach the highest position in both Asia’s Best Integrated Report and 2016 Best Sustainability Report of the Year from CSR Works International.

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