ESG - yếu tố không thể thiếu để phát triển bền vững - John Ditty, Head of ESG, KPMG Vietnam

TL;DR

ESG is crucial for sustainable business and community impact.

Transcript

good morning everyone welcome to the studio and another episode of Vietnam innovators this morning I'm with our guest John Diddy the partner and head of ESG at KPMG in Vietnam thank you great to be here he's just down the street so a little quick stroll from his office here to our studio thank you for joining the show John I know it's busy schedule... Read More

Key Insights

• John Ditty has been in Vietnam for nearly 30 years, witnessing KPMG's growth from 200 to 1,500 employees, reflecting Vietnam's economic expansion.
• ESG (Environmental, Social, Governance) is essential for sustainable business, focusing on community impact beyond financial success.
• Vietnamese companies are increasingly adopting ESG principles, driven by global standards and the need for sustainable business practices.
• KPMG's purpose is to inspire confidence and empower change through integrity, excellence, courage, and collaboration, aligning with ESG values.
• The firm's internal impact plan focuses on planet, people, prosperity, and governance, with metrics for measuring ESG progress.
• Globally, KPMG emphasizes decarbonization and renewable energy, aligning with Vietnam's Net Zero commitments and ESG goals.
• ESG is integrated into all KPMG services, from tax to audit, ensuring a comprehensive approach to sustainable business practices.
• The pandemic highlighted the importance of ESG, emphasizing collaboration and community care for business resilience and sustainability.

Questions & Answers

Q: What is the significance of ESG for businesses?

ESG (Environmental, Social, Governance) is crucial for businesses as it ensures they are not only financially successful but also socially and environmentally responsible. It focuses on the impact businesses have on their communities, stakeholders, and the environment, promoting sustainable practices that go beyond mere profitability.

Q: How is KPMG integrating ESG into its services?

KPMG integrates ESG into all its services, including tax, audit, and advisory, by making ESG a watermark that runs through every part of the business. This approach ensures that ESG principles are considered in all client interactions, promoting sustainable practices across various sectors and services.

Q: What challenges do Vietnamese companies face in adopting ESG?

Vietnamese companies face challenges such as a lack of awareness and understanding of ESG principles, the need to align with global standards, and the initial costs associated with implementing sustainable practices. However, the long-term benefits of ESG adoption, such as improved reputation and access to global markets, outweigh these challenges.

Q: How has the pandemic influenced ESG strategies?

The pandemic highlighted the interconnectedness of businesses, communities, and governments, emphasizing the importance of ESG principles. It accelerated the understanding of ESG's significance, showcasing the need for collaboration, community care, and sustainable practices to ensure business resilience and long-term success.

Q: What is KPMG's impact plan for ESG?

KPMG's impact plan for ESG focuses on four pillars: planet, people, prosperity, and governance. The firm uses specific metrics to measure progress in these areas, such as carbon emissions, employee training hours, and leadership diversity, to ensure continuous improvement and alignment with ESG goals.

Q: Why is decarbonization important for KPMG and Vietnam?

Decarbonization is crucial for KPMG and Vietnam as it aligns with global efforts to reduce carbon emissions and combat climate change. It involves transitioning to renewable energy sources and sustainable business models, which are essential for meeting Vietnam's Net Zero commitments and ensuring long-term environmental sustainability.

Q: How does KPMG support clients in adopting ESG?

KPMG supports clients in adopting ESG by providing guidance on integrating ESG principles into their business models, helping them understand the long-term benefits, and offering services that address environmental, social, and governance aspects. This support ensures clients can meet global standards and enhance their sustainability.

Q: What role does governance play in ESG?

Governance plays a critical role in ESG by ensuring businesses are well-managed, transparent, and accountable. It involves having diverse and skilled boards, effective leadership, and robust policies that promote ethical practices and decision-making, ultimately contributing to a company's sustainability and reputation.

Summary & Key Takeaways

• John Ditty, Head of ESG at KPMG Vietnam, discusses the importance of ESG in sustainable business practices. He highlights KPMG's growth in Vietnam and the integration of ESG principles into their services. The firm aims to inspire confidence and empower change, with a focus on integrity and collaboration.

• ESG is crucial for businesses to be financially, socially, and environmentally sustainable. Vietnamese companies are increasingly adopting ESG, driven by global standards and the need for sustainable practices. KPMG's internal impact plan focuses on planet, people, prosperity, and governance, with metrics to measure progress.

• KPMG's global ESG strategy emphasizes decarbonization and renewable energy, aligning with Vietnam's Net Zero commitments. The pandemic underscored the importance of ESG, highlighting the need for collaboration and community care. ESG is integrated into all KPMG services, ensuring a comprehensive approach to sustainability.