SCG has been honored as the Top 1% S&P Global Corporate Sustainability Assessment in the Sustainability Yearbook 2024 by S&P Global Inc. SCG is the first ASEAN company to be selected for the DJSI World Index since the Sustainability Yearbook's inception in 2004, reflecting its long-standing leadership in sustainability for 20 years along with the DJSI. The recognition is a testament to SCG's ESG commitments (Environmental, Social and Governance) to achieve Net Zero by 2050 and shape a green and sustainable future for ASEAN, including Vietnam.
The S&P Global Corporate Sustainability Assessment (CSA) is an annual evaluation of a company's sustainability practices. It scores companies on 100 points across industry-specific economic, environmental, and social criteria. To be listed in the Yearbook, companies must score within the top 15% of their industry and must achieve a CSA Score, which is the S&P Global ESG Score without the inclusion of any modeling approaches, within 30% of their industry’s top-performing company. This CSA research process has been tested in practice for more than 20 years, attracting the interest of both business leaders and investors.
On the occasion of the 20th anniversary of the Yearbook, SCG continues to consolidate its place in the Top 1% for its outstanding sustainability performance. In particular, SCG achieved high scores for its environmental policies, climate strategy, and human capital development initiatives. Additionally, SCGP, a subsidiary of SCG in packaging, has been ranked in the top 1% of the S&P Global Corporate Sustainability Assessment in the Containers & Packaging Industry, out of more than 51 companies worldwide.
Operating in Vietnam for over 30 years, SCG and its member companies have actively adopted ESG practices, from low-carbon innovations to green manufacturing, to tackle climate change and achieve Net Zero. Most recently, SCG Low Carbon Super Cement has rolled out into the Vietnamese market, underscoring its commitment to contribute to Vietnam’s Net Zero target by 2050. This innovation is a low-carbon cement produced using green technologies and sustainable practices that significantly minimize 20% carbon emissions during the production and use processes. Meanwhile, SCGP has successfully developed sustainable packaging solutions that minimize waste and are fully recyclable. One of its green innovations is SCGP’s Green Carton, which minimizes material use by 15% to make carton boxes more eco-friendly and lighter. As a result, 21% of greenhouse gas emissions, equivalent to 7.16 million tons of carbon, were slashed by SCG in 2023 compared to 2020. Particularly in Vietnam, Vina Kraft Paper Company (VKPC), a subsidiary of SCGP, has also equipped its factory with a 4MW solar power system to generate renewable energy and reduce carbon emissions.
As a pioneer in ESG, SCG also fosters collaboration to drive Vietnam’s transition towards a sustainable future. Over the past few years, the group has teamed up with the Vietnamese Ministry of Natural Resources and Environment (MONRE) to organize the Vietnam Circular Economy Forum, bringing all stakeholders together to discuss the pathway to a circular economy. At the forum, SCG shared its expertise on ESG principles and how it implements ESG practices to ensure seamless implementation across the organization.
Moreover, SCG and its member companies strive to promote a sustainable and healthy working environment for all.
