What is ESG reporting and why does it matter today?
ESG metrics and reporting are fast becoming business imperatives. Increased scrutiny from investors, shifts in consumer and customer expectations and likely policy changes mean companies are facing new pressure to measure, disclose and improve on ESG-related issues across three clear categories:
- Environmental: carbon emissions, water and waste management, raw material sourcing, climate change vulnerability
- Social: diversity, equity and inclusion, labor management, data privacy and security, community relations
- Governance: board governance, business ethics, intellectual property protection
Stakeholders across the business spectrum see ESG as a window into a company’s future. ESG reporting and metrics are also an important indicator of a company’s overall health, and ESG reports can lay the foundation for a compelling story about the impact your company is making on the world. Tying all three elements of ESG into consolidated reporting, and to your broader strategy, signals that your company is taking the necessary steps to be viable and profitable in the long run.
And that’s music to the ears of investors looking out for the long-term health of their portfolios.
Vietnam Sustainability Index (VNSI)
Vietnam Sustainability Index (VNSI)
Watch our video to find out more about VNSI which is developed with support from multiple partners: (1) Operator: Ho Chi Minh City Stock Exchange (2) Technical Advisor: GIZ (3) Independent Evaluator: IFC and PwC Vietnam.
In Vietnam, the Vietnam Sustainability Index (VNSI) was launched in July 2017. The VNSI includes top 20 sustainable listed companies on HOSE which are selected from VN100 (100 largest listed companies) and rigorously evaluated in three dimensions of Environmental (E), Social (S), and Governance (G).
The objectives of VNSI are:
- Recognise the best ESG practices implemented by public listed companies in Vietnam
- Promote the adoption of ESG standards and best practices among listed companies
- Create investment products to attract responsible investors
The VNSI process requires good preparation from the companies for not only implementing the ESG practices but also reporting ESG in accordance with international and leading practices that display a holistic picture about the company’s business performance and future.
How are leading companies using and benefiting from ESG reporting?
Forward-thinking organizations are integrating values, goals and metrics into business strategies to mitigate ESG risks. They’re also seizing related opportunities to innovate and reduce costs. Both start with reporting that follows commonly accepted standards which stakeholders know and trust. It’s the baseline leading companies use to identify and improve on their strengths and weaknesses, and to tell an effective story.
Assess your data on ESG Pulse, a PwC product
This first-of-its kind product provides you rapid insights on areas for improvement within the reporting process. We can help you tell your ESG story with confidence by assessing maturity, understanding potential risks, recalibrating efforts using deeper insights and benchmarks against peers.
See what ESG Pulse can do for you
Ready to take the next step on your ESG reporting journey? PwC can help
Compelling ESG reporting doesn’t come together in a flash. It requires collaboration and insight from across the organization to work towards common goals as a team. Many organizations start by assessing the maturity of their data. Others want to focus on climate change, diversity, equity and inclusion or other significant areas of reporting. Some are further along in their thinking and ready to make optimizations. And in boardrooms across the country, corporate directors are looking to best understand their ESG oversight roles.
Why work with PwC to help you take the next step forward? Because wherever you are on your journey, we’re ready to meet you there. We bring purpose, vision and practicality to your unique set of challenges—and we understand where you’re coming from. We’ve been on our own ESG journey, and we’re ready to share our insights and successes to help you.
Our passionate, multi-disciplinary teams provide insights across industries and are here to help your company:
- Advise to develop ESG/Sustainability report in accordance with ESG standards and frameworks e.g. GRI, IIRC, TCFD and SASB to tell a compelling story for your investors, board and other stakeholders that inspires them to come along for the ride
- Provide independent assurance for the data in your sustainability report in line with market standards like the Global Reporting Initiative (GRI), GHG Protocol, CDP, and AA1000
- Support your submissions to VNSI by helping you to interpret the questionnaire before submission; we'll also identify any gaps to improve your position in the rankings
- Review and advise the ESG metrics that your shareholders can trust
- Enhance your stakeholders awareness on key ESG topics, including the board of directors—who will expect management to be ahead of the curve
Have a few minutes to get smart about ESG? Our podcast series & webcasts can help you step forward.
ESG encompasses a wide range of risks and opportunities, and each industry has its own specific considerations. Tune in to learn more.
PwC's ESG journey
Committing to Net Zero by 2030
PwC has made a worldwide science-based commitment to achieve net zero greenhouse gas (GHG) emissions by 2030.
Building on a Culture of Belonging
At PwC, we're doing our best to stand for inclusion and opportunities for all.
Get in touch
Nguyen Hoang Nam
Environmental, Social & Governance (ESG) Leader and Partner, Assurance Services, PwC Vietnam
Tel: +84 28 3823 0796
