- The report indicates Home Credit Vietnam’s comprehensive approach towards sustainability, with a management system embedding Environment, Social, and Governance (ESG) principles into operational activities.

- Home Credit Vietnam's Sustainability Report 2023 demonstrates the integration of ESG factors into all operations of this digital finance company.

- Through its Sustainability Report 2023, Home Credit Vietnam proves itself as one of the few enterprises to establish a formal ESG management structure. The company continues to assert its leadership in sustainable development in the consumer finance market, with the collaboration of its employees, partners, customers, and communities.

The pioneer in developing an ESG management structure

In its Sustainability Report 2023, Home Credit Vietnam announced the establishment of the Company ESG Steering Group (CESG), chaired by Chief Strategy Officer Jakub Kudrna.

Home Credit Vietnam is one of the few enterprises that invest in building and operating an ESG management system to monitor, evaluate efficiency, and make sustainability-related strategic decisions at the corporate level. The company also established a specialised department to coordinate sustainability practices across departments to ensure the effectiveness and positive impact of these activities.

Jakub Kudrna, Chief Strategy Officer of Home Credit Vietnam (third from right), noted that the company consistently applies ESG standards to all business strategies and operational activities.

Mr. Kudrna said: "It is natural for us to focus on risk management and corporate governance, but it is essential for us as a business in Vietnam to implement comprehensive ESG standards throughout all our business and operational activities."

The collaboration to create a sustainable Home Credit

In particular, the Sustainability Report 2023 highlights collaboration from all employees, partners, and stakeholders in building a sustainable company in all economic, environmental, and social aspects. During the past year, Home Credit Vietnam has served more than 200,000 new customers a month with inclusive financial services, while continuously implementing activities to enhance financial literacy, empower individuals to live the life they want, and adopt sustainable consumption behaviours.

Vietnam’s leading digital finance company also continues to be a reliable and transparent partner with other businesses in its supply chain. Home Credit is currently the top provider of loans at points of sale (POS) in the Vietnamese market, with over 16,000 POS, a marked increase from 11,000 in 2022.

Home Credit Vietnam served more than 200,000 new customers with inclusive financial services every month in 2023

Home Credit Vietnam’s commitment to sustainable development is also reflected in its continuous monitoring and calculation of its carbon footprint in accordance with ISO14064 standards by a professional third party. By calculating the carbon footprint for three years in a row since the start of its annual Sustainability Report, Home Credit Vietnam has implemented many initiatives to minimize the impact of its business on the environment, such as an internal recycling project named Home Green, the use of an energy sensor system at the office, and policies to encourage loans for green products, etc.

On its journey to develop a sustainable community, Home Credit is also the pioneering digital finance company that heavily invests in education and social inclusion activities, especially through its outstanding social responsibility programs such as Home Love and Home for Life. The report stated that more than 1,800 employees of Home Credit Vietnam have participated in the company's philanthropic activities, helping over 2,000 women and children in difficult circumstances across the country. In addition, the company’s customers jointly helped Vietnamese underprivileged children by donating to the Home Love project through the mobile application named Home App.

Home Credit expects all of these initiatives will bring a positive impact and drive sustainable change in society.

Home Love has become an annual activity, providing direct support and relief for poor children and people in need

Inside the company, Home Credit has also built a diverse, equitable, and inclusive (DEI) working environment with 6,000 employees from 12 nationalities and 20 ethnic groups in Vietnam.

“As we celebrate our 16th anniversary of Home Credit Vietnam, we remain dedicated to fostering a happy workforce and achieving 'Best Place to Work' status, while continuing to prioritize ESG principles in our sustainable development journey,” said Mr. Kudrna.

This is the third year that Home Credit has published its Sustainability Report and the first time Home Credit Vietnam has produced its own dedicated report (previously incorporated into the Home Credit Global report). The report is compiled in accordance with the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD) - the latest mandatory set of standards for European companies, regarded as the most complex set of regulations to date. The adoption of this leading international framework in its first official report demonstrates Home Credit Vietnam's transparency, even in non-financial reporting.

With its efforts to promote business and operations according to ESG principles, Home Credit has become the only consumer finance company to be ranked one of Vietnam’s Top 100 Sustainable Companies (CSI100), awarded by the Vietnam Chamber of Commerce and Industry (VCCI) for two consecutive years, 2022 and 2023. In addition, Home Credit has also won the Global CSR & ESG Leadership Awards for the past four years, as well as being lauded as one of the 'Best Companies to Work for in Asia' for three years in a row./.

https://www.homecredit.vn/tin-tuc/home-credit-viet-nam-cong-bo-bao-cao-phat-trien-ben-vung-2023