Economy

Masan Group continues to be honored in the Top 50 Sustainable Development Enterprises in 2024

PV DNUM_AFZAIZCACE 14:37

At the announcement ceremony of the Top 50 Outstanding Sustainable Development Enterprises of Vietnam 2024 on the afternoon of August 2, Masan was continuously named in many award categories because of the comprehensive implementation of sustainable development strategy at this multi-industry corporation.

Masan Group - đơn vị dẫn đầu Khối Doanh nghiệp Niêm yết, được vinh danh Top 50 Doanh nghiệp phát triển bền vững tiêu biểu Việt Nam 2024.
Masan Group - the leading unit in the Listed Enterprise Sector, was honored in the Top 50 typical sustainable development enterprises of Vietnam 2024.

Accordingly, Masan was honored as the leading unit in the Listed Enterprise Sector, achieving all 3 typical categories corresponding to 3 ESG pillars: E-Sustainable Resource Management; S-Human resource strategy for sustainable development; G-Excellent corporate governance. This group is steadfast in its goal of leading on the basis of sustainable business, innovation, pursuing the ideal of becoming the pride of Vietnam with the trust of consumers.

Strategic vision on ESG

The concept of ESG has now gained widespread attention in Vietnam thanks to the Government’s efforts to promote ESG-related practices. Responding to and accompanying national commitments on ESG goals, as one of the leading enterprises in Vietnam, Masan has been consistently integrating ESG into its business strategy and action programs.

By implementing the pillars of the ESG Framework, Masan commits to being a responsible business, creating value for customers and all stakeholders across the value chain by driving innovation for sustainable growth, caring for the environment and community, and being worthy of the trust of customers and employees.

These values ​​are fully aligned with the United Nations Sustainable Development Goals (“UN SDGs”) and reflect compliance with the International Finance Corporation (“IFC”)’s stringent Environmental and Social Performance Standards.

Screenshot (361)
Masan Group's ESG framework, key themes and objectives.

From commitment to action, Masan quickly implemented the ESG strategy, establishing an ESG Committee to ensure sustainable development activities are consistent with Masan's sustainable development policies and strategies.

The ESG Committee structure, which is part of the group’s governance structure, will help unify the group’s strategic direction and objectives on sustainability issues across Masan’s subsidiaries. In addition, centralized sustainability governance will enhance oversight and coordination of Masan’s sustainability risk management, progress, and sustainability performance across the board.

Đạt cả 3 yếu tố ESG, Masan Group - đơn vị dẫn đầu Khối Doanh nghiệp Niêm yết, được vinh danh Top 50 Doanh nghiệp phát triển bền vững tiêu biểu Việt Nam 2024.
Achieving all 3 ESG factors, Masan Group - the leading unit in the Listed Enterprise Sector, was honored in the Top 50 typical sustainable development enterprises in Vietnam 2024.

From commitment to practice

As a business with the ability to deeply influence and guide consumption of more than 100 million Vietnamese people, Masan's sustainable development initiatives focus on bringing value to the economy and social life. Currently, this business owns the largest retail chain in the country with more than 3,600 supermarkets and WinMart/WinMart+/WiN stores, along with a system of factories producing essential goods such as food, beverages, chilled meat and branded processed meat, F&B chains spanning across Vietnam...

20% tổng diện tích khuôn viên được dành cho trồng cây xanh để đảm bảo nơi làm việc xanh
20% of the total campus area is reserved for greenery to ensure a green workplace.

Committed to being "green" to the environment, Masan has invested extensively in advanced wastewater treatment systems, applying strict standards to monitor the impact of production activities on the surrounding environment. Typically, Masan Consumer has invested in building modern wastewater treatment systems designed by Dutch partners at factories in Binh Duong, Hai Duong and Nghe An. Masan MEATLife's high-tech pig farm in Nghe An has also invested in a modern wastewater treatment system. At the MEATDeli meat processing complex in Ha Nam and Long An, domestic wastewater and wastewater from the production process are collected and treated into type A wastewater.

Khu vực bãi lọc sinh học
Biofilter area.

In an effort to achieve its decarbonization goal by 2030, Masan is focusing on using renewable fuels to power its operations. Currently, more than 50% of Masan and its subsidiaries’ total energy consumption is from renewable sources such as biomass and biofuels.

In 2023, Masan MEATLife successfully converted 1 out of 4 manufacturing plants to operate entirely on biomass energy from rice husk and sawdust waste. Masan Consumer has successfully turned biomass energy into a major energy source for its business operations, with an average utilization rate of 87% at different facilities.

Masan Group góp phần giải quyết việc làm tại địa phương
Masan Group contributes to solving local employment.

Masan High-Tech Materials - a member company of Masan, is recognized as the largest energy user in the ecosystem, but is also a leader in energy saving programs with many important initiatives implemented. Accordingly, Masan High-Tech Materials has achieved ISO 50001:2018 Energy Management System Certification since 2022.

Along with environmental protection activities, Masan always focuses on implementing social responsibility, the company has contributed more than 4,421 billion VND in taxes to the State budget in 2023. In addition to becoming one of the enterprises paying the most taxes in the provinces where factories and production facilities operate, Masan also contributes to creating jobs and improving the lives of local people.

Một triệu bữa cơm có thịt_ do CHIN-SU cùng Quỹ Trò nghèo Vùng cao thực hiện
One million meals with meat by CHIN-SU and the Highland Poor Students Fund.

With a team of nearly 40,000 employees across regions and from many countries sharing the common goal of serving consumers, Masan considers human resources as the greatest competitive advantage, helping to create differences and promote the realization of the strategy of creating long-term value and sustainable development.

Social development, environmental protection and corporate governance are the pillars that Masan always prioritizes along with its business activities. The application of high ESG standards further demonstrates that the company has a long-term vision and high intrinsic value.

Hệ thống WinMart_WinMart+_WIN thay thế nilon bằng 100% túi tự hủy sinh học
WinMart-WinMart+-WIN system replaces nylon with 100% biodegradable bags.

As a leading consumer retail company with products and services for 100 million Vietnamese consumers and a trusted partner of suppliers, we see the important role and influence of the group in upgrading the food value chain and contributing to Vietnam's Net Zero commitment by 2050. This requires a different way of thinking about future business models, in which sustainable development is not only about risk management but also an opportunity to make a difference to customers, partners and the community. "Doing Well By Doing Good - That is the path we take.

Mr. Le Ba Nam Anh - Senior Director of Capital Markets & Strategic Initiatives, Member of ESG Committee, Masan Group

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Masan Group continues to be honored in the Top 50 Sustainable Development Enterprises in 2024
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