On the morning of May 13, 2024, Internal Control and Risk Management Department CC1 coordinated with KPMG to organize a sharing session with the topic "Three pillars of sustainability: Environment, Society, Governance (ESG) in the Construction industry at the Corporation's Headquarters.

Attending the sharing session, on KPMG's side, there was the presence of Mr. Nguyen Chi Hieu - Director of ESG Consulting Services, Ms. Nguyen Thi Huyen Trang - Deputy Director of ESG Consulting Services and Mr. Le Quang Hai - Senior Advisor High Risk and Management Consulting Services. On CC1's side, there was the presence of Mr. Le Bao Anh - General Director along with members of the Board of Directors and relevant Department/Department representatives.

KPMG is known as one of the largest auditing companies in the world, founded in 1994, operating in 143 countries, specializing in providing services to businesses, government agencies, and public sector agencies. , non-profit organizations and capital markets through audit and inspection activities of member companies.

According to sharing, ESG is abbreviated by the first 3 letters of Environment - Environment, Social - Society and Governance - Corporate governance. This is a set of 3 standards to measure factors related to the sustainable development orientation and activities of businesses. ESG helps organizations identify risks and opportunities, as well as the impact of applying them to operations. 

Presenting at the sharing session, Mr. Nguyen Chi Hieu - Director of ESG consulting services of KPMG said that according to many reports, the built environment creates 30% of total greenhouse gas emissions and consumes 32% of financial resources. world natural resources. The Construction Industry plays an important role in reducing emissions and mitigating climate change. Therefore, Construction businesses need to consider ESG standards more carefully. In addition to environmental factors, ESG criteria also require comprehensive policies that influence other aspects of construction operations, from supply chain management and material sourcing to procurement strategies and labor standards.

It is known that Environmental, Social and Governance (ESG) indicators are shaping the development and operations of businesses around the world. For the Construction industry, environmental issues that investors and other organizations are concerned about include: Greenhouse emissions, mineral exploitation, resource efficiency, resource management, recycling ,…Regarding social issues, attention focuses on factors: Diversity and social inclusion, good health and welfare, education and skills or legacy planning,…Regarding governance issues , investors and other organizations interested in supply chain management strategies and policies, the constitution of regulatory agencies or diversity, equality and ethics in bidding work.

The topic "Three pillars of sustainability: Environment, Society and Governance (ESG) in the Construction Industry" not only helps the team gain more knowledge but also attracts sharing and participation in discussions. of CC1 members.

Applying ESG in the Construction sector brings many benefits to businesses such as: creating competitive advantage, improving labor standards and working conditions; attract investors and sustainable investment sources; Improve financial performance and save costs in production, distribution and consumption as well as ensure sustainable operation of diverse service offerings.

Green transformation is no longer a "can do or not" choice but is gradually becoming a mandatory condition for businesses in the integration trend. Recognizing the importance of applying ESG in system administration and operation, CC1's Board of Directors is ready to welcome innovation, continue to perfect appropriate management models and organize implementation. have an effective corporate governance system, etc., which will lead to action for change, improving environmental protection awareness as well as governance capacity, etc. Creating a corporate culture that supports ESG from inside will help CC1 increase its resistance to many market fluctuations in the future.