SINGAPORE – Media OutReach Newswire – March 14, 2024 –
Wine Group won the prestigious AIBP 2023 ASEAN Tech for ESG Award, cementing its position as a sustainability leader in Southeast Asia. This recognition highlights Vingroup’s commitment to integrating ESG principles into its core business strategies, driving positive change across the region.
Dr Morgan Carroll (right), representing Vingroup, receives the ASEAN Tech for ESG Award 2023 at the awards ceremony in Singapore.
Organized annually by AIBP, the ASEAN Tech for ESG Awards recognize organizations in Southeast Asia that leverage digital tools and innovative technologies to advance high-impact projects focused on sustainable initiatives. Widely considered prestigious in the region, these awards recognize entities that achieve demonstrably positive results in their ESG efforts.
Vingroup triumphed over a large number of finalists in Southeast Asia, including Indonesia, Malaysia, Philippines, Thailand and Vietnam, by winning the AIBP 2023 ASEAN Tech for ESG Award. The jury was impressed by Vingroup’s ‘Creating a Green Future’ project, which matched its comprehensive evaluation criteria encompassing environmental, social and governance aspects. Vingroup’s performance has outperformed its competitors in these areas, affirming the position of Vietnam’s largest private conglomerate in building a greener, smarter and more sustainable future for all.
As a regional multi-sector conglomerate, Vingroup contributes to a greener future through digital initiatives focused on ESG principles. Leveraging cutting-edge technologies such as AI, IoT, robotics, immersive technologies and blockchain, Vingroup addresses sustainability challenges across its diverse portfolio spanning technology industry, commerce and services and social enterprise.
A notable green and digital initiative includes the complete shift from internal combustion vehicles to smart electric vehicle (EV) manufacturing through Vingroup subsidiary VinFast. This strategic decision not only reduces annual carbon emissions, but also promotes a complete sustainable mobility ecosystem. VinFast’s efforts also go beyond environmental benefits, creating thousands of new jobs and strengthening local economies in the markets in which it operates.
Another important initiative is the implementation of smart city solutions that leverage IoT sensors and data analytics. This integrated approach optimizes energy consumption, reduces waste and improves transport efficiency, creating a more sustainable urban environment. Beyond infrastructure, Vingroup is adopting immersive technologies to improve education and healthcare services.
Mr. Irza Suprapto, CFA, Executive Director, AIBP; CEO, Industrial Platform, declared: “The ASEAN Tech for Environment, Social, Governance (ESG) Awards, organized by AIBP, highlight organizations that are making significant progress in integrating ESG principles into their operations through digital innovation. This initiative celebrates the pioneering efforts of companies like Vingroup, which are making a real impact, setting benchmarks for sustainability and social responsibility across the region. In recognizing these achievements, AIBP highlights its commitment to promoting technology solutions that drive positive impact for all, in line with our mission to harness the power of technology for the common good.“.
Dr Morgan Carroll, Director of ESG at Vingroup and VinFast, shared: “This prestigious award is a powerful validation of our unwavering commitment to ESG principles and our strong belief in the transformative potential of technology to drive sustainable development. Across Vingroup’s broad and multifaceted portfolio, we proudly champion ESG principles in all facets of life. Our mission is not only about technological progress, it is also about building a better future for all, and this award fuels our commitment in this direction.
Vingroup remains committed to providing new and innovative solutions that integrate ESG principles throughout its operations. This award serves as a springboard for further advancements in sustainable development, not only in Vietnam but across Southeast Asia and the world.
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