Masan Group continues to be honored as Top 50 Sustainable Enterprises in 2023

During the TOP 50 Corporate Sustainability Awards – CSA announcement event, held on June 29, 2023, and organized by Nhip Cau Dau Tu Magazine, Masan Group continued to be honored with prestigious recognition in Vietnam for two categories: Sustainable Resource Management and Outstanding Risk Management Platform.

The rising investor scrutiny, customer expectations, and shifting public policies have established ESG (Environment-Social-Government) standards as the new norm, becoming indispensable for businesses. As a result, ESG has emerged as a fundamental pillar for fostering sustainable growth at the highest level. In Vietnam, numerous businesses have made significant investments and demonstrated commendable adherence to sustainable development requirements, leading to a multitude of positive outcomes.

14 WinEco hi-tech farms provide clean fruits and vegetables to consumers through the WinMart_WinMart+ system

With the aim of fostering the widespread adoption of sustainable development in the business community and Vietnamese society, Nhip Cau Dau Tu Magazine has conducted a comprehensive vote across all three business sectors: FDI enterprises, listed companies, and small and medium enterprises. The selected enterprises for the Ranking are evaluated based on the following criteria: consistent growth, commitment to environmental protection, sound corporate governance, and demonstrated social responsibility.

Take responsibility for the environment

Masan Group, along with its subsidiary companies, holds a prominent position as a multi-industry corporation, spearheading crucial sectors that greatly impact over 100 million Vietnamese individuals. These sectors include retail, FMCG, chilled meat and branded processed meats, F&B chains, financial services, telecommunications, and high-tech industrial materials. Recognizing its role and responsibility to the community and society, Masan remains dedicated to continually raising the bar for sustainable development standards.

Masan’s production facilities contribute to creating jobs, helping to improve the lives of local people.

In line with this, the retail sector, comprising a network of over 3,500 supermarkets, WinMart/WinMart+ stores consistently uphold a 90% ratio of Vietnamese goods. This effectively serves as a bridge, fostering collaborations between domestic manufacturers and businesses to offer a wider array of high-quality products that align with the Vietnamese people’s preference for locally made goods. Moreover, this supermarket chain actively contributes to environmental preservation efforts by promoting the adoption of biodegradable bags as a substitute for 100% plastic usage. They also strive to minimize or replace single-use plastic materials with eco-friendly alternatives. Furthermore, the implementation of customer incentive programs encourages the habit of reusable bag usage, promoting greener consumption practices during shopping activities.

Masan consistently introduces innovative products in the consumer goods and branded meat sectors, ensuring they adhere to stringent hygiene, safety, and health standards. The MEATDeli meat processing complexes are accredited with the BRC – Global Standard for Food Safety, which holds significant international value within the food industry and serves as a crucial document for food exporters. Additionally, Masan Consumer’s consumer goods processing plants have made substantial investments in constructing state-of-the-art wastewater treatment systems in collaboration with a Dutch partner. These advanced systems are implemented across their factories nationwide. The quality testing of all discharged wastewater consistently meets the highest standard in Vietnam, classified as Class A.

The system of more than 3,500 supermarkets, WinMart_WinMart+ stores always maintains the percentage of Vietnamese products reaching 90%.

Another member of the group, Masan High-Tech Materials, has been actively involved in reforestation efforts since 2016 by planting trees on previously barren lands after mining activities. To date, the company has successfully greened approximately 58 hectares throughout their operational area. This project is an integral part of their carbon sequestration initiative, as they strive towards achieving carbon neutrality in the near future.

Robust corporate governance framework

In addition to prioritizing environmental protection initiatives, Masan Group and its subsidiary companies are committed to implementing corporate social responsibility programs. As one of the leading contributors to local tax revenues, the group operates factories and production facilities that generate employment opportunities and improve the livelihoods of local communities. Across the country, Masan actively engages in various social security activities. These include providing support to individuals affected by storms and floods in Nghe An, assisting soldiers in safeguarding Vietnam’s borders, seas, and islands through the “For the National Sea and Islands – For the Fatherland Frontline ” fund, and aiding impoverished households through “Fund for the Poor” in both national and provincial-level. These conscious efforts demonstrate Masan’s dedication to societal well-being.

MEATDeli meat processing complexes are all accredited with BRC – Global Standard for Food Safety.

Furthermore, Masan’s integration of ESG principles into its strategic plan enhances its risk management practices. The emphasis on the G (Governance) factor is particularly valuable as it ensures the objective evaluation of governance processes and maintains independence in internal controls. The company consistently updates its set of corporate governance regulations to safeguard shareholder interests and establish operational standards for the Board of Directors and Management Board. By doing so, Masan guarantees objectivity in critical decision-making processes.

Masan places great emphasis on social development, environmental protection, and corporate governance as key pillars alongside its business activities. The greater the adoption of ESG standards, the more advantageous it becomes for businesses with long-term vision and significant intrinsic value.

Nearly 80% of water is reused at Masan High-Tech Materials

In recent times, Masan has consistently gained recognition in esteemed rankings. It has been listed among the Top 50 best-performing companies in Vietnam for the year 2023 by Forbes Vietnam. Additionally, Masan has secured position in the Top 10 of Top 50 prestigious public companies published by Vietnam Report in 2023.