Home Credit named one of Vietnam’s top 100 sustainable companies

Businesses have become more aware of environmental, social, and governance (ESG) principles, and ESG is being increasingly adopted by businesses as an essential part of their operations. The Vietnamese government is also implementing decisive policies to promote ESG in Vietnam.

Vietnam’s Top 100 Sustainable Companies (CSI100) was launched in 2016 in a collaboration between the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Labor, Invalids, and Social Affairs, the Ministry of Natural Resources and Environment, and the Vietnam General Confederation of Labor, under the government’s direction.

The CSI100 award honors pioneering businesses that perform well in responsible production and business activities across all three aspects of good governance, environmental protection, and social welfare.

In its eighth year, CSI 2023 includes 130 indicators, with 63% relating to compliance and 37% examining advanced sustainable business initiatives.

2023 is the second consecutive year that Home Credit has participated in the program, and it continues to be the only consumer finance company to be honored in the top 100, scoring well across many of the indicators.

Home Credit representative (C) receives the recognition of Vietnam’s Top 100 Sustainable Companies (CSI 100) in 2023. Photo courtesy of Home Credit

Home Credit considers responsible finance and empowerment during Vietnam’s digital transformation to be the priorities in its operation.

As one of the leading digital finance companies in Vietnam, serving over 15 million customers over the past 15 years, Home Credit has incorporated sustainable development into not only its business activities but also its community activities in order to support vulnerable groups.

Outlining the strategy, Lien Pham, Head of Marketing Operations and Sustainability at Home Credit, says a sustainable development strategy that is closely linked to business goals is important for a company to be successful in attracting and gaining the trust of customers.

Focusing on investing in the company’s community projects, creating many real-life impacts on society, and positively impacting people’s welfare is also essential to the business, Lien said.

In particular, Home Love and Home for Life are considered to be two of Home Credit’s outstanding projects in 2023. The projects bring tangible benefits to the underprivileged and target disadvantaged women and children across the country.

Home Love Bus Journey in December 2023: Bring a Warm Tet to Bac Lieu. Photo courtesy of Home Credit

With the Home for Life project, women are not only supported with loans but also participate in financial management training sessions aimed at empowering them to take ownership of life opportunities.

Over the past decade, the project has assisted hundreds of disadvantaged women and their families, reduced financial inequality, and promoting financial inclusion in line with government directives.

A Home Credit representative (standing, 2nd, R) gives the 0% interest rate loan package to local women of a water hyacinth weaving cooperative in Bac Lieu Province. Photo courtesy of Home Credit

In early December this year, through cooperation with the Bac Lieu Provincial Women’s Union, the project provided VND150 million (US$6,163) in start-up capital to local craftsmanship cooperatives of disadvantaged women in the southern province.

“With over 16,000 outlets nationwide, Home Credit is committed to providing customers with the best financial solutions that meet their needs through quick, simple products and professional services. This is also a core element in Home Credit’s approach to responsible finance, towards a sustainable community, and which is key to the company’s conquest of the CSI100 award,” Lien said.