Press release

SCG and member companies are awarded multiple honors at the Top 100 Sustainable Companies as its ESG 4 Plus strategy pays off

Ho Chi Minh City, December 27 th, 2023: Six member companies of SCG, including four companies under PRIME Group, Vina Kraft Paper, and SCG Concrete Roof (Vietnam), have been named in the Top 100 Sustainable Companies in 2023. This marks th e 7 years in a row that SCG and its member companies have been recognized for their sustainability practices and outstanding achievements in business operations, product development, and service innovation. It serves as a testament to their joint efforts to make a greater impact on sustainable development. Notably, the rising number of award-winning companies shows that SCG’s ESG 4 Plus strategy is increasingly aligned across the group.

Since its first inception, the Program on Benchmarking and Announcing Sustainable Businesses in Vietnam (CSI) has set a new benchmark for sustainable development among the business community in Vietnam. This year, businesses are evaluated based on 130 indicators under the Corporate Sustainability Index (CSI), covering aspects of economic efficiency, corporate governance, the environment, labor, and society. SCG and its member companies stand out for their ground-breaking ESG strategy that positively impacts the economy, society, and environment.

Mr. Praween Wirotpan, General Director of SCG Vietnam, said: “We are pleased to receive acknowledgment for our contribution to the sustainability objectives of both the government and the business community. This recognition is a result of the implementation of the ESG 4 Plus strategy, introduced in 2021. ESG 4 Plus serves as a framework for SCG and its subsidiaries to seamlessly integrate environmental, social, and governance considerations into their operations, aligning with shared objectives such as achieving net-zero emissions, go green, reducing inequality, embracing collaboration, and upholding strong governance principles.”

“The CSI criteria closely align with our overarching ESG goals, emphasizing establishing sustainable and responsible businesses. The receipt of this prestigious award by six member companies confirms that our strategic direction is on the right path, highlighting substantial and commendable progress.” he added.

The key element underpinning this recognition is the steadfast dedication of member companies to incorporate the ESG 4 Plus framework comprehensively into their operational practices. Thus, they not only tackle challenges amidst the volatile environment but also play a role in accelerating Vietnam’s transition to a low-carbon economy more sustainably.

In the Net-zero and Go Green pathway, the companies have constantly invested in innovation and technology to transform their production processes, maximize the efficient use of resources, raw materials, and products, and preserve the value of these resources through reuse, reduction of use, and recycling. Efforts are also made to increase the proportion of the use of renewable energy sources or alternative fuels.

Regarding Environmental aspect, as Vietnam’s leading packaging manufacturer, Vina Kraft Paper has taken different measures to promote sustainability. Approximately 98% of its fibrous raw material intake comes from recycled or waste paper. With an annual capacity of 550,000 tons, the production processes at factories are optimized for circularity. In 2023, Vina Kraft Paper installed a 4 MW solar power system to generate clean energy and lower greenhouse gas emissions. At the same time, the company has increased the share of biomass used in the boiler up to 40%, thereby significantly reducing annual coal consumption.

Likewise, PRIME Group has applied circular economy principles to its manufacturing activities to enhance resource efficiency and minimize environmental impacts. This is coupled with the development of new tile products certified SCG Green Choice, which is the labeling system to certify environment-friendly products and services within the SCG. This strategy helps the company foster business competitiveness and offer eco-friendly options to customers.

When it comes to the social commitments, SCG Concrete Roof, also places emphasis on tackling inequality in society by uplifting its corporate social responsibility activities. The company has been lauded as the pioneering enterprise in building diverse, equitable, and inclusive values, a new award being introduced at the CSI 2023 program. There are four crucial factors behind this success, including a dherence to f airness, d edication to e xcellence, b elief in the v alue of the i ndividual, and c oncern for s ocial r esponsibility. By reducing the gap in social inequality, the company hopes to contribute to a self-reliant society and people’s better lives. Besides, last year, Vina Kraft Paper a lso met the CSI’s labor and society indicators. This is evidenced by Vina Kraft Paper’s recognition as a typical business on gender equality in the workplace last year. With a vision of “leaving no one behind,” the company has made efforts to promote gender equality, empower female employees, and combat gender discrimination in the workplace.

Regarding embracing collaboration, SCG and member companies not only tie up with industry partners but also deepen cross-sector collaboration to adhere to ESG practices, from sourcing input materials to managing waste. In particular, as a part of the National Action Plan on Circular Economy (NAPCE), they have shared circular economy initiatives with the public and private sectors to foster strong partnerships in Vietnam. The move will pave the way for SCG and its partners to achieve tangible results on a large scale.

SCG is dedicated to becoming a leading business in ASEAN by driving the development of innovative products, services, and solutions that meet consumers’ diverse needs. The group is committed to growing sustainability by integrating ESG to contribute to the growth of every society and community where it operates. Through the commitment and execution of every member company in the organization, SCG will continue to deliver “betterment” to customers under its promise “Passion for Better”.

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Event images

SCG’s six member companies have been awarded as Top 100 Sustainable Companies in 2023.

Mr . Panya Khongthong – General Director of SCG Concrete Roof (Vietnam) at the ceremony

Mr . Dao Duy Hung – Assistant Director of PRIME Dai Loc at the ceremony

Mr. Luc Minh Son – Director of PRIME Dai Viet at the ceremony

Mr . Dao Trung Kien – Director of PRIME Tien Phong at the ceremony

Mr . Ngo Hong Giang – Director of PRIME Yen Binh at the ceremony

Mr . Tran Minh Duc – Production Director of Vina Kraft Paper at the ceremony

SCG Concrete Roof (Vietnam) is also honor as  the pioneering enterprise in building diverse, equitable, and inclusive values, a new award being introduced at the CSI 2023 program.

About SCG

SCG, one of the leading conglomerates in the ASEAN region, comprises three core businesses: Cement – Building Materials, Chemicals (SCGC), and Packaging (SCGP). With more than 200 companies under its umbrella and approximately 57,000 employees, SCG creates and distributes innovative products and services that respond to the current and future needs of consumers. SCG began its business operations in Vietnam in 1992 with a trading business and gradually expanded investment in diversified businesses in cement-building materials, chemicals, and packaging.

Today, with a total of 26 companies across Vietnam driven by more than 15,500 employees, SCG offers a variety of premium products and services to markets. SCG Cement – Building Materials offers a wide range of cement – building materials and construction & life solutions under the SCG, PRIME and COTTO brands. SCG Green Choice certified green materials meet the needs of building houses safe, comfortable and environmentally friendly. SCG’s building and lifestyle solutions will bring energy savings, better performance, and sustainability to the building. In the chemicals business, SCGC offers a full range of petrochemical products ranging from upstream production of olefins to downstream production of 03 main plastic resins: polyethylene, polypropylene, and polyvinyl chloride, and fabricated products such as pipe and fittings under notable industrial brands LSP, Binh Minh Plastics, TPC VINA and others. In the packaging business, SCGP offers Packaging Paper, Fiber Packaging, Consumer and Performance Packaging (CPP), Food service Products, design, printing, and other diversified solutions under well-known brands such as Duy Tan, BATICO, SOVI, and others…