ON 8 JULY 2024, THE HONG KONG BUSINESS DELEGATION HAD THE PRIVILEGE OF ATTENDING AN INSIGHTFUL ESG MASTER CLASS LED BY ESTEEMED EXPERTS BAO NGUYEN AND BETTY PALLARD

New Energy Business Delegation (Vietnam) - Day 1 Review

Empowering Sustainability: Key Learnings from the ESG Master Class

On 8 July 2024, the Hong Kong Business Delegation had the privilege of attending an insightful ESG Master Class led by esteemed experts Bao Nguyen and Betty Pallard. This comprehensive session covered pivotal aspects of Sustainable Development, ESG Reporting, and Green Finance Strategies. Here are some key takeaways and benefits from this enriching experience:

1. Understading Net Zero Goals

Concept: Organizing events with net zero carbon emissions.

2. Sustainable Development Principles

Key Focus: Balancing economic growth, environmental impact, and social responsibility.

3. Triple Bottom Line Framework

Integration: Learning to balance economic, environmental, and social aspects in decision-making processes.

4. Corporate Social Responsibility (CRS) vs. Charity

Clarification: Differentiating between CSR and charity, understanding the reciprocal relationship CSR has with the community compared to one-directional charity efforts.

5. Evolution and Importance of ESG Reporting

Standards and Compliance: Understanding different ESG reporting standards and the benefits of integrating these into business strategies.

6. Sustainable Development Goals (SDGs)

Framework: Learning about the 17 SDGs set by the United Nations and their importance in global development strategies.

7. Green Finance Strategies

Initiatives: Insight into sustainable finance practices, including Vietnam’s Green Credit Program and the UNEP Finance Initiative.

8. Materiality and Stakeholder Engagement

Strategies: The importance of identifying, prioritizing, and engaging stakeholders in ESG reporting to enhance transparency and accountability.

This master class not only equipped us with the knowledge to implement robust sustainability strategies but also inspired a deeper commitment to integrating ESG principles into our business operations. We look forward to applying these insights to foster a greener, more sustainable future.

A huge thank you to Bao Nguyen and Betty Pallard for their invaluable teachings and to Sunwah Innovation Center - Ho Chi Minh City for sponsoring the venue for making this event possible.

Co-organisers: