Hiểu về ESG để mở khoá tăng trưởng cho doanh nghiệp - Mimi Vu, Van Ly - Parters at RAISE PARTNERS

TL;DR

ESG is crucial for sustainable business growth in Vietnam.

Transcript

• Good morning Vietnam, we're recording from the studio here at Vietcetra in Ho Chi Minh City. We've got two guests of mine, they're very long time friends. I call them sisters even in a way. We have Mimi Vu and Van Ly, they're partners at RAISE, which is an ESG focused consultancy, though they do much more than that and we'll hear them themselves.... Read More

Key Insights

• ESG is not just a checkbox or marketing exercise but a core business strategy essential for sustainable growth.
• The intersectionality of environmental, social, and governance factors is crucial, especially in emerging markets like Vietnam.
• RAISE Partners focuses on creating impactful partnerships between government, corporates, and civil society to address development challenges.
• There is a growing demand for ESG expertise in Vietnam, and companies are beginning to recognize its importance beyond just compliance.
• The ESG Investor Conference in Vietnam highlighted the need for sector-specific discussions to delve deeper into ESG applications.
• Greenwashing remains a concern, but RAISE Partners is committed to working with clients genuinely interested in positive impact.
• The tourism sector in Vietnam faces challenges like child protection, which can be addressed through strategic ESG initiatives.
• Education on ESG principles is critical, and more local experts are needed to drive meaningful change in Vietnamese businesses.

Questions & Answers

Q: What is the role of ESG in business strategy?

ESG is a core business strategy that goes beyond being a checkbox or marketing exercise. It integrates environmental, social, and governance factors into the business plan, driving sustainable growth and addressing development challenges, particularly in emerging markets like Vietnam.

Q: How does RAISE Partners help businesses with ESG?

RAISE Partners assists businesses by developing tailored ESG strategies that align with their goals. They focus on creating partnerships between government, corporates, and civil society to address development challenges and ensure that ESG principles are integrated into the core business strategy.

Q: What were the key takeaways from the ESG Investor Conference in Vietnam?

The conference highlighted the need for sector-specific ESG discussions and deeper understanding of its applications. It brought together stakeholders to discuss investment opportunities and the importance of ESG in driving sustainable growth in Vietnam, emphasizing the need for education and local expertise.

Q: Why is greenwashing a concern in Vietnam?

Greenwashing is a concern because some companies may use ESG as a marketing tool rather than a genuine strategy for impact. RAISE Partners aims to work with clients who are truly committed to positive change, helping them understand and implement ESG principles effectively.

Q: How can ESG address challenges in Vietnam's tourism sector?

ESG can address challenges like child protection in the tourism sector by developing strategic initiatives and partnerships. By training staff and implementing policies, businesses can protect vulnerable groups and enhance Vietnam's reputation as a safe tourism destination.

Q: What is the future of ESG in Vietnam?

In the next five years, ESG in Vietnam will focus on education and deeper understanding of its principles. Companies will integrate ESG into their core strategies, moving beyond checkbox exercises to drive resilience and value across environmental, social, and governance indicators.

Q: Are there enough ESG experts in Vietnam?

Currently, there is a shortage of ESG experts in Vietnam, particularly those with a holistic understanding of its principles. However, the demand is growing, and RAISE Partners is committed to nurturing local talent to drive meaningful change in the business environment.

Q: How can young people in Vietnam get involved in ESG?

Young people interested in ESG can engage with informal groups focused on sustainability and social impact, volunteer with NGOs to understand development challenges, and seek opportunities to work with organizations like RAISE Partners to gain practical experience and knowledge.

Summary & Key Takeaways

• The podcast discusses the importance of ESG as a business strategy in Vietnam, emphasizing its role in sustainable development. Mimi Vu and Van Ly, partners at RAISE Partners, share insights from their work and the recent ESG Investor Conference.

• RAISE Partners works to bridge gaps between stakeholders in Vietnam's business environment, focusing on creating impactful partnerships to address development challenges. The podcast explores how ESG can drive positive change and growth.

• The conversation highlights the need for sector-specific ESG discussions and more local expertise in Vietnam. It also addresses challenges like greenwashing and the importance of education in fostering a deeper understanding of ESG principles.