LPBank signed a contract with EY Vietnam to develop a roadmap for sustainable development.

DNHN - Lien Viet Post Commercial Joint Stock Bank (LPBank) and Earn & Young Vietnam Consulting Company (EY) signed an agreement to provide development consulting services on August 23, 2023, in Hanoi.

On behalf of LPBank, Mr. Ho Nam Tien - Vice Chairman of the Board of Directors, and Mr. Bui Thai Ha - Vice Chairman of the Board of Directors were present; for EY Company, Ms. Nguyen Thuy Duong - Chairman, and Mr. Vo Quoc Khanh - Deputy General Director; as well as representatives of the Boards of Directors of the two units.

Lien Viet Post Commercial Joint Stock Bank (LPBank) and Earn & Young Vietnam Consulting Company (EY) signed an agreement to provide development consulting services on August 23, 2023, in Hanoi.

On behalf of LPBank, Mr. Ho Nam Tien - Vice Chairman of the Board of Directors, and Mr. Bui Thai Ha - Vice Chairman of the Board of Directors were present; for EY Company, Ms. Nguyen Thuy Duong - Chairman, and Mr. Vo Quoc Khanh - Deputy General Director; as well as representatives of the Boards of Directors of the two units.

LPBank and EY signed an agreement to provide sustainable development consulting services.

As a reputable financial institution with a nationwide network of branches and transaction offices, sustainable development is one of LPBank's primary strategies. Mr. Ho Nam Tien - Vice Chairman of the Board of Directors of LPBank emphasized at the ceremony, "With the cooperation agreement signed with EY, we are waiting for a report on the 3 pillars of Environment - Society - Governance (abbreviated as ESG Report) that meets international standards, reflecting LPBank's unwavering commitment to values and sustainable development steps, bringing benefits to both the business and staff." We believe that LPBank's ESG indicators and reports are a crucial factor for international investors to consider when deciding whether or not to invest in the Vietnamese banking industry in general and LPBank in particular."

Mr. Bui Thai Ha, Vice Chairman of the Board of Directors of LPBank, also stated: "At LPBank, we recognize that the bank plays a significant role in coordinating green capital sources and paving the way for the development of sustainable finance. steady. Throughout the operation, we have implemented numerous sustainable solutions, such as implementing green credit programs and/or products, enhancing the working environment, and supporting the community..."

The project in collaboration with EY on sustainable development also focuses on communicating and training the necessary ESG knowledge to Bank staff to gradually raise awareness and implement ESG in professional activities.

"Integrating ESG assessment into strategic planning, decision-making, risk management, and enhancing the quality of information disclosure is an inevitable trend for banking operations worldwide and in Vietnam in particular. Especially the South. At the Signing Ceremony, Ms. Nguyen Thuy Duong, Chairman of EY Vietnam, stated that ESG is a driving force that will help shape the business model of banks in the future toward a more sustainable and secure development, not just information disclosure.

ESG (Environmental - Social - Governance/Environment - Society - Governance) is a set of standards for evaluating enterprise-related sustainability factors. The ESG provides a common framework for analyzing a company's environmental and social impacts and dependencies, as well as its governance quality.

Sustainable development is an inevitable trend in the development policies of many countries around the world, including Vietnam. The Government of Vietnam has participated in sustainable development commitments, such as the Strategic Framework for Sustainable Development Cooperation (CF) for the period 2022-2026, which guides cooperation between the Governments of Vietnam and Vietnam. In accelerating progress towards the Sustainable Development Goals (SDGs), the United Nations...

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