On August 23, 2023, at Hanoi Headquarters, Lien Viet Post Commercial Joint Stock Bank (LPBank) and EY Vietnam Consulting Joint Stock Company (EY) signed an Agreement to provide implementation consulting services Sustainable Development. This is proof of the bank’s right direction in its safe, effective and sustainable development strategy.

Attending the ceremony, from LPBank, there were Mr. Ho Nam Tien – Deputy Chairman of the Board of Directors, Mr. Bui Thai Ha – Deputy Chairman of the Board of Directors; On the side of EY Company, there were Ms. Nguyen Thuy Duong – Chairman and Mr. Vo Quoc Khanh – Deputy CEO; along with representatives of the Board of Directors of the two parties.

As a reputable financial institution with a network of branches and transaction offices across the country, sustainable development is one of LPBank’s key strategies. Speaking at the ceremony, Mr. Ho Nam Tien – Deputy Chairman of the Board of Directors of LPBank emphasized: “With the cooperation agreement signed with EY, we are waiting for a report on the 3 pillars of Environment – Society – Governance (abbreviated as ESG Report) meets international standards, reflects LPBank’s solid commitment to sustainable development values ​​and steps, bringing benefits to the business and its staff at the same time. and society. We believe that LPBank’s indicators and ESG Report are an important basis for international investors to consider when deciding to invest in the Vietnamese banking industry in general, and LPBank in particular.”

Mr. Bui Thai Ha – Vice Chairman of the Board of Directors of LPBank also shared: “At LPBank, we realize that the bank plays an important role in coordinating green capital sources and pioneering in the development of sustainable finance. solid. During our operations, we have been implementing many sustainable solutions such as implementing green credit programs/products, improving the working environment and supporting the community…”.

The cooperation project with EY on sustainable development also focuses on communicating and training necessary knowledge about ESG for Bank staff to gradually raise awareness and application of ESG in professional activities.

“Integrating ESG assessment in strategic planning, decision making, risk management and improving information disclosure quality is an inevitable trend for banking activities in the world in general and in Vietnam. Men in particular. ESG does not just stop at disclosing information but is truly a driving force to help shape the business model of banks in the future towards more sustainable and safe development”, Ms. Nguyen Thuy Duong, EY Chairman spoke at the Signing Ceremony.

ESG (Environmental – Social – Governance/Environment – ​​Society – Governance) is a set of standards that measure factors related to the sustainable development activities of a business. ESG provides a common framework for considering a business’s impact and dependence on the environment and society, as well as the quality of its own governance. This is an inevitable trend in the development policies of many countries around the world, including Vietnam, aiming towards sustainable development. The Government of Vietnam has been participating in commitments aimed at sustainable development such as the Strategic Framework for Sustainable Development Cooperation (CF) for the period 2022 – 2026, guiding the cooperation between the Government of Vietnam and The United Nations in accelerating progress towards achieving the Sustainable Development Goals (SDGs)…

LPBANK

After 15 years of operation, LPBank is one of the largest joint stock commercial banks in Vietnam with a charter capital of 17,291 billion VND, total assets exceeding 350,000 billion VND and especially has a large network with more than 1200 transaction points in 63 provinces and cities.

On August 15, 2023, the international credit rating organization Moody’s Investors Service (Moody’s) continued to maintain LPBank’s long-term deposit/long-term issuer rating at B1 with a Stable outlook. Previously, LPBank was also ranked 33/100 Most Valuable Brands in Vietnam 2023 by Brand Finance with a brand value of 248.84 million USD, the brand rating index was rated AA-, only Brand Strength Index with 65.34 points.

EY VIETNAM

EY Vietnam Consulting Joint Stock Company is a member of the global group EY Global Limited. EY Vietnam was established in 1992, and is the first enterprise with 100% foreign investment in auditing and consulting services in Vietnam.

Currently, EY is one of the leading ESG consulting firms in the world. According to Verdantix’s latest 2022 rankings, EY is ranked number one in ESG consulting thanks to its high ratings for technological breakthroughs and significant contributions in supporting businesses and financial institutions during the process. converter.