SCG affirms its leading position of sustainable development in 2021 despite the global challenges

In 2021, five subsidiaries of SCG from all 3 core business of SCG (Packaging, Cement-Building materials and Chemicals) including Vina Kraft Paper Co., Ltd, SCG Concrete Roof (Vietnam) Co., Ltd, Buu Long Industry and Investment Joint Stock Company, Song Gianh Cement Joint Stock Company and Binh Minh Plastic Joint Stock Company, have been listed in the Top 100 Sustainable Companies in 2021 based on Programme on Benchmarking and Announcing Sustainable Companies in Vietnam (CSI Programme). Besides, SCG as a corporate has also been evaluated by the Dow Jones Sustainability Indices (DJSI) as a global sustainable company in the category of DJSI World and DJSI Emerging Markets in Construction Materials Industry in 2021 for the 18th consecutive year. Those milestones mark SCG’s continuous efforts in building a long-term growth strategy based on ESG (Environmental, Social, and Governance) despite the global challenges.

As the leading sustainable conglomerate in ASEAN, SCG strives for the better lives of today and to transcend an even better world to the next generations. Aiming to achieve the Sustainable Development Goals through conducting business with an ESG (Environmental, Social, and Governance) strategy in a balanced approach, in line with its promised “Passion for Better.”, the strategy has not only been manifested at the corporate level but also cascaded to the wide network of subsidiaries in 03 main sectors, so that good practices can be expanded.

Vina Kraft Paper Co., Ltd was recognized as one of the five typical businesses in terms of Gender Equality in the Workplace

In Vietnam, this is the first time SCG has five companies listed in the CSI 100, in which, SCG Concrete Roof (Vietnam) has been in the list for 3 consecutive years and Binh Minh Plastics JSC also had been in the list for 4 consecutive years (2016 – 2019). CSI Programme 2021 is organized by Vietnam Business Council for Sustainable Development (VBCSD) under the Vietnam Chamber of Commerce and Industry (VCCI), and the Ministry of Labor, Invalids and Social Affairs, the Ministry of Natural Resources and Environment, and the General Confederation of Labor. The CSI 2021 Index employs 119 indicators in 4 areas: Sustainable Development Performance Index, Governance Index; The Environmental Index and the Labor-Social Index.

Especially, in the first year that VBCSD introduces two new topics on Gender Equality in the Workplace and Children’s Rights in Business belong to CSI programme, Vina Kraft Paper Co., Ltd. – Packaging Business of SCG has lauded as one of the typical businesses on Gender Equality in the Workplace. The new represents the vision of “leaving no one behind” in a sustainable business corporate culture, being inclusive in serving various communities in the society. While improving gender equality in the workplace contributes significantly to labor productivity, talent attraction; respecting children’s rights will help build stronger communities, creating a sustainable future for both the corporate and their stakeholders.

In order to achieve all the indicators, SCG and its subsidiaries have adhered closely to the ESG principles. Specifically, Vina Kraft Paper Co., Ltd. and SCG Concrete Roof (Vietnam) (CRVC), Song Gianh Cement JSC have applied 03 international standards for their management systems including ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), ISO 45001:2018 (Occupational health and safety Management); Buu Long Industry and Investment JSC has optimized its production line to meet the strictest standard of white cement production beside ISO 9001:2015 and ISO 45001:2018 and Binh Minh Plastic JSC also gained Management System ISO 9001:2015, ISO 14001, Kaizen activities, 5S, ERP, 7 tools to improve the production site, towards TQM comprehensive quality management and sustainable development. In addition, since 2015, Binh Minh Plastics JSC has participated in the Sustainable Development Report according to the international standard GRI4.

In terms of environment standards, SCG’s subsidiaries always orient their business toward sustainable best practices and become role models in their respective business. For instance, with the notion of restoration to reduce all negative impacts of production activities on the environment, ecosystem and human health, Vina Kraft Paper Co., Ltd. was among the first to apply Circular Economy principles in the packaging industry production process, including a recycled water treatment system to reduce the amount of fresh water consumption, and use biomass to reduce fossil fuels consumption. In addition, Vina Kraft Paper Co., Ltd. also recovers methane from the Wastewater treatment system in order to reduce greenhouse gas emissions, as well as upcycles fly ash from the boiler turns to raw materials to produce construction bricks.

Besides other achievements in production standards, SCG and its subsidiaries also contributed initiatives like Positive Pressure Chambers, Paper Field Hospital Beds, Hygiene Modular Bathrooms and necessary medical equipment to the COVID-19 fight with the local. So far, the donation value is up to more than 40 billion to support the pandemic relief and response.

This local achievement follows the corporate’s global success in the sustainable field, as SCG has been listed for 18 consecutive years in world-class Dow Jones Sustainability Indices (DJSI) – the first global sustainability benchmark to evaluate leading companies in sustainable business operations. SCG is also the first ASEAN company included as a DJSI member since 2004.

Regarding business recovery for the post-pandemic period and setting a long-term goal in the future, SCG is one of the corporations in the world that commit to reducing GHG emissions to Net Zero by 2050. Accordingly, SCG has constructed and implemented a detailed plan with realistic milestones toward not adding to the total amount of greenhouse gases released into the atmosphere by the year of 2050 to avoid the worst consequences of climate change. This plan will facilitate SCG’s innovation and operation in all of its worldwide activities in the years to come as one of the leading conglomerates in the region, especially in sustainable development.