Representatives of Agribank and FFV discuss ESG standards
In December 2022, Agribank conducted a meeting with Fair Finance Vietnam (FFV) to assess the bank's adherence to Environmental, Social, and Governance (ESG) criteria. The meeting was attended by Ms. Nguyen Thi Phuong, Deputy General Director of Agribank, along with representatives from the FFV project.
The meeting provided a valuable opportunity for both Agribank and Fair Finance Vietnam (FFV) to establish a connection and exchange information. This interaction enables Agribank to further enhance its development and implementation of ESG principles, contributing to sustainable finance and benefiting the community as a whole.
ESG, which stands for Environmental, Social, and Governance criteria, plays a significant role in the operations, investment decisions, and credit activities of banks. By considering ESG factors, banks contribute to environmental preservation, sustainable development goals, and promote social justice.
Fair Finance Vietnam (FFV) conducts an analysis of the ESG policy commitments made by Vietnamese commercial banks. This analysis allows FFV to provide recommendations for sustainable finance, guiding banks towards responsible investment practices.
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Grasp ESG in 1 minute
This activity is part of the broader initiative called Fair Finances Vietnam (FFV), which aims to encourage commercial banks and financial institutions to adopt ESG criteria in their investment activities. The objective is to promote sustainable investment practices aligned with environmental preservation, social well-being, and good governance.
Ms. Bui Thi Thu Loan affirmed that Agribank's goals are in line with global ESG requirements