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Novaland's annual report among Top 10 in 2017

Released at: 16:06, 03/08/2017

Novaland's annual report among Top 10 in 2017

Photo: Novaland

Property developer appears on this year's list of Top 10 best annual reports.

by Khanh Chi

The annual report of the Novaland Group has recently been named among the Top 10 Annual Reports (AR) in 2017. This was the first it was named since listing at the end 2016, coming in at sixth. It was also named in the Top 10 Corporate Governance Reports (CGR) and Top 10 Sustainable Development Reports (SDR).

On this tenth holding of the awards, jointly organized by the Ho Chi Minh Stock Exchange (HSX), the Hanoi Stock Exchange (HNX), Vietnam Investment Review (VIR), and Dragon Capital, Novaland’s AR achieved the best performance in the real estate sector, which had only two companies in the Top 10.

The first bilingual Vietnamese-English AR, with total of about 600 pages, allowed Novaland to transparently communicate the status of the group.

Its thoughtful AR also studied both economic and real estate perspectives, not only providing in-depth information but also setting a foundation for Novaland to achieve higher targets. It can be seen throughout the AR that the phrase “higher standard” was frequently referred to and aligned with specific indicators and short-term and long-term plans, expressing the aim of economic integration.

With the vision of becoming a world-class real estate group, Novaland’s AR not only met the requirements of Vietnamese laws but also improved and applied international standards as best practice in the market. Specifically, the ASEAN Corporate Governance Scorecard 2015-2016, which is an initiative under the ASEAN Capital Markets Forum (ACMF) supported by the Asian Development Bank (ADB), has been put into practice to make self-evaluation and improvements in its corporate governance routine.

Novaland’s SDR was developed in accordance with the Global Reporting Initiative (GRI) - G4 version. Novaland is one of only a few Vietnamese enterprises establishing an independent Sustainable Development Board with experienced experts in diversified fields to strategically consult the group. At the same time, with support from PwC, data has been accurately collected, analyzed, and evaluated to provide a sustainable development report with nearly 60 performance indicators and reflecting the actual situation of the group.

Ensuring sustainable development and not pursuing short-term benefits, environmental protection and resource savings have been prioritized as a commitment to clients and the community for a high standard of living in connection with the natural environment. The SDR reflected specific initiatives and actions for sustainable development such as alternative materials, recycled materials, intelligent energy management and energy saving technologies, and advanced water or waste management systems.

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