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

Accordingly, Masan was honored as the leading unit in the Listed Enterprises 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 foundation 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 plan.

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 rigorous Environmental and Social Performance Standards.

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.

From commitment to practice

As an enterprise with the ability to deeply influence and guide consumption to more than 100 million Vietnamese people, Masan's sustainable development initiatives focus on bringing value to the economy and social life. Currently, this enterprise 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...

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 for treatment into type A wastewater.

In its efforts to achieve its decarbonisation target by 2030, Masan is focused 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 of its 4 manufacturing plants to operate entirely on biomass energy from rice husks 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% across its various facilities.

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.

With a team of nearly 40,000 employees across regions and countries, sharing the same goal of serving consumers, Masan considers human resources as the biggest competitive advantage, helping to create a difference and promote the realization of a strategy of long-term value creation 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.

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As a leading enterprise in the consumer retail sector 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 the future business model, in which sustainable development is not only about risk management but also an opportunity to make a difference to customers, partners and the social 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