An HDBank branch in HCM City. HDBank has been consistently honoured for its sustainable development. — Photo courtesy of the bank
HCM CITY — HDBank was named among the top 20 companies in terms of sustainability in a ranking put out by the Ho Chi Minh Stock Exchange.
In HoSE’s just announced results of sustainable corporate development and the top 20 companies in the Sustainable Development Index (VNSI) basket, HDBank scored high in all criteria.
The VNSI seeks to promote responsible and sustainable investment in the Việt Nam stock market with a set of criteria including more than 100 indicators.
Besides HDB shares of HDBank, 19 other stocks, including VNM, VJC and FPT, make up the VNSI Index.
In each rating indicator, its scores were higher than the banking industry average as well as the average figure of the VN100 on the HoSE.
For instance, in governance, it was rated at 81 per cent against the banking industry average of 63 per cent and the VN100 figure of 53 per cent.
In the environmental and social categories, its scores were 78 per cent and 75 per cent against the industry averages of 37 per cent and 60 per cent.
Sustainable development, high growth and enforcement of social responsibility and environmental protection to achieve the United Nations Millennium Development Goals are becoming a trend among major financial institutions globally.
HDBank has implemented many targeted programmes to help foster sustainable development such as ‘green credit’ and ‘green bank.’
It is also a pioneer in lending to businesses in the field of renewable energy and hi-tech agriculture and using advanced technologies in its operations.
It has been honoured with the Top 10 Sustainable Businesses in Việt Nam award in the trading and services sector by the Việt Nam Chamber of Commerce and Industry.
Recently the bank achieved all three norms prescribed by Basel II, an international business standard that requires financial institutions to maintain enough cash reserves to cover risks incurred by operations, ahead of the schedule set by the State Bank of Vietnam. — VNS