On October 15, 2023, at the Green Economy Forum for a Sustainable Country, Saigon – Hanoi Bank (SHB) was honored in the Top 10 Green and Sustainable Enterprises. The award once again recognizes SHB’s efforts in creating positive corporate social responsibility.

The Green Economy Forum for a Sustainable Nation in 2023, organized by Vietnam Environmental Industry Association (VEIA), aims to recognize pioneering organizations and individuals in developing a green economy and promoting environmental protection activities. SHB has been honored as one of the Top 10 green and sustainable enterprises rigorously appraised by leading industry experts

“SHB is fully aware of the critical role of building a green economy aligning with the Government’s direction. As a capital provider, SHB has channeled capital to green projects. Over the years, the bank has launched many preferential products and services to steer businesses towards greener and more environmentally friendly production and business activities. We have been and will strive to maintain the leading position among private commercial banks in green credit, actively supporting businesses in all aspects and contributing to the sustainable development of our country.” shared by SHB’s representative

Mr. Dinh Ngoc Dung – Deputy Director in charge of Corporate Banking Division received the Award

Green credit growth, which an important part of the transformation strategy for the period 2022 – 2027 at SHB, shall better manage environmental and social (E&S) risks and explore new business opportunities. The action plan ranges from raising awareness of green credit among employees, partners, and customers to reforming regulations, processes and mechanisms to customize products and services in green sectors.

In recent years, green loans over total loan book that have increased roughly 10% per year tend to grow even more drastically in the coming time. In 2021 in Vietnam Scaling up Energy Efficiency Project (VSUEE) sponsored by the Green Climate Fund (GCF) through the World Bank (WB), WB and SHB have signed a GCF guarantee contract with a total value of 75 million USD to guarantee energy efficient investment, supporting the Government in implementing national goals on energy security, reducing GHG emissions, and responding to climate change …

Besides promoting green credit growth, SHB always prioritize green and sustainable businesses. Projects funded by SHB must meet strict international and domestic green requirements. SHB has mandated E&S risk assessment in the extension of credit process. This helps SHB select green customers and at the same time effectively support customers to mitigate E&S risks during the implementation phase. SHB conducts E&S risk assessment in line with State regulations and IFC standards.

SHB also launches supply chain finance packages for every and each chain players to direct Vietnamese businesses to the world’s trends such as reducing emissions, meeting stricter production requirements from global distributors; thereby enhancing their competitive advantage in local and international markets.

SHB has been and will strive to maintain its leading position among private commercial banks in green credit

Along with green credit, SHB will increase green products and services to cater to various customer needs and stick to sustainable development strategy

“This award demonstrated the appropriateness of our sustainable development strategy and supporting customers to achieve E&S goals. In the coming time, SHB will continue to strengthen risk management and green credit policies to promote sustainable development in Vietnam,” emphasized SHB’s representative.

In mid-July 2023, SHB was the only representative of Vietnam to be awarded as “Best Sustainable Finance Bank” by the world’s leading financial magazine Global Finance. This is a prestigious award held annually for financial institutions that have initiated, maintained and developed credit activities to minimize the negative impacts of climate change and help build a sustainable future. sustainable hybrid. In addition, FinanceAsia Magazine awarded SHB as the “Best ESG Impact Bank in Vietnam” award thanks to its achievements in sustainable development goals.

2023 is an important milestone for SHB, when the bank officially celebrates 30 years of establishment and development with the country. With a long history, great business strengths and extensive transformation, SHB will continue its achievements and boost the impacts of its positive corporate social responsibility.