Binu Jacob, General Director of Nestlé Vietnam, received the award for Top 10 most sustainable businesses (CSI) in Việt Nam in the manufacturing sector. — Photo courtesy of Nestlé Việt Nam

HÀ NỘI — Nestlé Việt Nam continued to lead the Top 10 most sustainable business (CSI) in Việt Nam in the manufacturing sector.

In addition, the company also top the list of 5 pioneering enterprises implementing circular economy and reducing carbon emissions in 2023.

This is the third year in a row Nestlé Vietnam has been recognised among the most sustainable business in Việt Nam in the manufacturing sector.

The recognition was unveiled at the ceremony announcing the Sustainable Companies in 2023 by the Việt Nam Business Council for Sustainable Development (VBCSD) and the Việt Nam Chamber of Commerce and Industry (VCCI) held in Hà Nội on Wednesday.

This is the 8th consecutive year that the Programme on Benchmarking and Announcing Sustainable Businesses (CSI Programme) is hosted by the VCCI in collaboration with the Ministry of Natural Resources and Environment, the Ministry of Labour, War Invalids and Social Affairs, and the Việt Nam General Confederation of Labour.

From this year, the programme has the participation of the Central Economic Committee in the programme steering committee. This guarantees to increase the prestige of the CSI programme.

The updated CSI 2023 programme includes 130 indicators, including 82 basic indicators on legal compliance and 48 advanced indicators on building a healthy business ecosystem to ensure long-term and sustainable benefits for partners and other stakeholders. Nestlé Vietnam has excellently achieved these indicators and is ranked top among the 500 businesses that applied to participate in the programme.

Binu Jacob, General Director of Nestlé Vietnam, delivered a speech at the ceremony. — Photo courtesy of Nestlé Việt Nam

"With a vision to become a global company that maintains local connections and leads the way in sustainable development, Nestlé Vietnam has been consistently striving to implement solutions and initiatives across all aspects, including the environment, society and governance. These efforts contribute significantly to the overall socio-economic development of the country. By fostering close collaborations with partners in Việt Nam, we are able to generate positive impacts on the community, the environment and the planet. Achieving the top position in the CSI ranking for three consecutive years is a proud recognition of our continuous endeavours in fulfilling our long-term investment commitments and promoting sustainable development in Việt Nam,” said Binu Jacob, General Director of Nestlé Vietnam.

Following the outstanding results of continuous sustainable development over the years, 2023 marks many new steps forward for Nestlé Vietnam in environmental, economic and social aspects.

In June, Nestlé Vietnam signed a Memorandum of Understanding with the Ministry of Agriculture and Rural Development (MARD) to co-operate with the MARD to promote and share regenerative agriculture practices, low-emission agriculture, and respond to climate change. They would also strengthen technology transfer, research, development and digital transformation, and multi-stakeholder co-operation.

More than 73.5 million high-yield, disease-resistant coffee saplings were provided to farmers under the NESCAFÉ Plan. — Photo courtesy of Nestlé Việt Nam

In 2023, Nestlé Vietnam officially launched the "Sustainable coffee farming according to the combined agro-forestry model" project in Việt Nam, aiming to plant more than 2.3 million trees to contribute to reducing absorption and storage of about 480,000 tonnes of carbon in the 5-year period (2023-27).

In January 2023, Nestlé Vietnam was honoured in the list of the largest corporate income tax payers in Việt Nam in 2022. This was the 7th consecutive time Nestlé Vietnam was honoured in the list, issued by the General Department of Taxation under the Ministry of Finance since 2016.

The "Nestlé accompanies women" programme by Nestlé Vietnam in co-operation with the Việt Nam Women's Union has been expanded to 21 provinces and cities, with the participation of more than 5,000 women in 2023, contributing to the development of rural economy and enhancing the role of women in building the family economy.

In October, Nestlé Vietnam was honoured as "Typical Enterprise for workers" in 2023, in a programme chaired by the Việt Nam General Confederation of Labour, in co-ordination with the Ministry of Labour, Invalids and Social Affairs, and VCCI. This is the 4th consecutive year that Nestlé Vietnam has received this title. In November, Nestlé Vietnam was honoured with the Top position in the ranking of Best Places to work in Việt Nam in 2023 for large enterprises, announced by Anphabe. With survey results from nearly 64,000 employees across Việt Nam, the award is a testament to the company's persistent efforts in building an advanced, suitable working environment for employees to develop their capabilities, towards common values. — VNS