Our sustainability goals
Our sustainability goals
Amid global efforts to achieve net zero, VietinBank has set the sustainable development goals as follows:
General goal:
- Sustainable development is one of VietinBank's key strategies. Environment and climate change are critical targets; especially when Vietnam is developing an action plan towards “net zero” by 2050 according to the declaration at the COP26/COP27. This is an opportunity for VietinBank to restructure business operations towards sustainable development.
- VietinBank will align sustainable development with the Government's orientations, deliver social and environmental commitments in contribution to improving environment and society, protecting natural resources and environment, developing infrastructure, promoting green credit growth and combating climate change; thereby, uplifting Vietnam's competitiveness and position.
- VietinBank accompanies businesses in promoting the mobilization of sustainable finance, transfer of green, low-carbon technology and adaptation to climate change.
Specific goals:
- Environmental goals: VietinBank implements environmental goals through credit granting and provision of products and services for the following purposes:
- (i) Climate change mitigation: Activities that contribute to stabilizing greenhouse gas (Greenhouse Gas - “GHG”) in the atmosphere by avoiding or reducing or removing GHG emissions.
- (ii) Adaptation to climate change: Activities aimed at strengthening the resilience of the natural, social and economic system, minimizing adverse impacts and capturing opportunities from climate change.
- (iii) Preservation of natural resources: Activities that reduce the consumption of non-renewable resources, contribute to sustainable use of natural resources and ensure that the use of renewable resources is not faster than their re-generation progress.
- (iv) Biological conservation: Activities that contribute to the conservation of biodiversity in terrestrial, marine and water environments.
- (v) Pollution prevention and control: Activities that contribute to protecting the environment and people from pollutants other than GHG.
- Social goals: VietinBank implements social goals through credit granting and provision of products and services aimed at increasing comfort for people's lives, especially in such aspects as basic infrastructure, affordable housing and access to essential services.
To achieve the above goals, VietinBank identifies the main pillars, including:
- Declaring the Bank's sustainable development strategy;
- Benchmarking the system of internal regulations to international standards;
- Deploying the suite of sustainable finance products and services at the Bank;
- Strengthening the monitoring, reporting and disclosure of information;
- Strengthening partnership and expanding the Bank's sustainable development ecosystem.
VietinBank will deliver social and environmental commitments in contribution to improving environment and society, protecting natural resources and environment, developing infrastructure, promoting green credit growth and combating climate change; thereby, uplifting Vietnam's competitiveness and position.
VietinBank aims to prioritize financing of projects/business plans that bring environmental and social benefits, strengthen internal governance system, effective control and decision-making processes on the principle of upholding laws while ensuring the rights and meeting the needs of shareholders.
Amid global efforts to achieve net zero, VietinBank has set the sustainable development goals as follows:
General goal:
- Sustainable development is one of VietinBank's key strategies. Environment and climate change are critical targets; especially when Vietnam is developing an action plan towards “net zero” by 2050 according to the declaration at the COP26/COP27. This is an opportunity for VietinBank to restructure business operations towards sustainable development.
- VietinBank will align sustainable development with the Government's orientations, deliver social and environmental commitments in contribution to improving environment and society, protecting natural resources and environment, developing infrastructure, promoting green credit growth and combating climate change; thereby, uplifting Vietnam's competitiveness and position.
- VietinBank accompanies businesses in promoting the mobilization of sustainable finance, transfer of green, low-carbon technology and adaptation to climate change.
Specific goals:
- Environmental goals: VietinBank implements environmental goals through credit granting and provision of products and services for the following purposes:
- (i) Climate change mitigation: Activities that contribute to stabilizing greenhouse gas (Greenhouse Gas - “GHG”) in the atmosphere by avoiding or reducing or removing GHG emissions.
- (ii) Adaptation to climate change: Activities aimed at strengthening the resilience of the natural, social and economic system, minimizing adverse impacts and capturing opportunities from climate change.
- (iii) Preservation of natural resources: Activities that reduce the consumption of non-renewable resources, contribute to sustainable use of natural resources and ensure that the use of renewable resources is not faster than their re-generation progress.
- (iv) Biological conservation: Activities that contribute to the conservation of biodiversity in terrestrial, marine and water environments.
- (v) Pollution prevention and control: Activities that contribute to protecting the environment and people from pollutants other than GHG.
- Social goals: VietinBank implements social goals through credit granting and provision of products and services aimed at increasing comfort for people's lives, especially in such aspects as basic infrastructure, affordable housing and access to essential services.
To achieve the above goals, VietinBank identifies the main pillars, including:
- Declaring the Bank's sustainable development strategy;
- Benchmarking the system of internal regulations to international standards;
- Deploying the suite of sustainable finance products and services at the Bank;
- Strengthening the monitoring, reporting and disclosure of information;
- Strengthening partnership and expanding the Bank's sustainable development ecosystem.
VietinBank will deliver social and environmental commitments in contribution to improving environment and society, protecting natural resources and environment, developing infrastructure, promoting green credit growth and combating climate change; thereby, uplifting Vietnam's competitiveness and position.
VietinBank aims to prioritize financing of projects/business plans that bring environmental and social benefits, strengthen internal governance system, effective control and decision-making processes on the principle of upholding laws while ensuring the rights and meeting the needs of shareholders.