Vingroup Recognised With Prestigious AIBP 2023 ASEAN Tech For ESG Award

SINGAPORE - In a significant achievement that underscores its leadership in sustainable development, Vingroup has been honored with the AIBP 2023 ASEAN Tech for ESG Award. This accolade highlights the conglomerate's dedication to embedding Environmental, Social, and Governance (ESG) principles into its core business strategies, thereby catalyzing positive change across Southeast Asia. Dr. Morgan Carroll, representing Vingroup, received the award at a ceremony in Singapore, marking a momentous occasion for the Vietnamese conglomerate.

The ASEAN Tech for ESG Awards, organized annually by AIBP, celebrate organizations that utilize digital tools and innovative technologies to propel sustainable initiatives forward. These awards are highly regarded within the region, recognizing entities that demonstrate tangible positive outcomes in their ESG endeavors. Vingroup stood out among finalists from Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, securing the award with its "Creating a Green Future" project. This initiative was lauded for its comprehensive approach to environmental, societal, and governance issues.

As Vietnam's largest private conglomerate, Vingroup is at the forefront of driving sustainability through digital initiatives grounded in ESG principles. The company employs advanced technologies such as AI, IoT, robotics, immersive tech, and blockchain to tackle sustainability challenges across its vast portfolio. A key highlight is Vingroup's subsidiary VinFast's transition from internal combustion vehicles to smart electric vehicle (EV) manufacturing. This strategic pivot not only aims to cut annual carbon emissions but also promotes sustainable mobility while generating new jobs and supporting local economies.

Moreover, Vingroup's commitment to sustainability extends to implementing smart city solutions that enhance urban living. By integrating IoT sensors and data analytics, these initiatives optimize energy use, minimize waste, and improve transportation efficiency. Additionally, Vingroup leverages immersive technologies to advance healthcare education and services, further illustrating its holistic approach to sustainability.

Mr. Irza Suprapto, CFA, Executive Director of AIBP; CEO of Industry Platform, praised the award's role in spotlighting organizations like Vingroup for their efforts in integrating ESG principles through digital innovation. "This initiative celebrates companies making real-world impacts and setting benchmarks for sustainability and social responsibility across the region," Suprapto noted.

Dr. Morgan Carroll expressed gratitude for the recognition: "This prestigious award validates our commitment to ESG principles and our belief in technology's role in driving sustainable development." He emphasized that Vingroup's mission transcends technological advancement; it's about creating a better future for everyone.

This accolade not only reaffirms Vingroup's dedication to integrating ESG principles across its operations but also sets the stage for further advancements in sustainable development within Vietnam and beyond.