In late November 2024, Prudential Vietnam Assurance Private Ltd. (“Prudential”) has been honored for the 8th consecutive time at the Vietnam Sustainable Business Awards 2024, recognizing businesses with sustainable growth and positive contributions to the community in the context of globalization.
Mr. Manish Gurbuxani, Chief Transformation and Strategy Officer at Prudential, received the certificate at the event and said: “Throughout our 25-year journey in Vietnam and 176 years globally, sustainable and responsible development has always been a core element in all our activities. Being recognized in the CSI 100 list for the 8th consecutive time by a prestigious organization like the Vietnam Chamber of Commerce and Industry (VCCI) is a tremendous encouragement for the Prudential Vietnam team on our sustainable development journey. We will continue to adhere to this strategy and constantly self-reflect and improve to create better impacts for our customers, employees, partners, and communities in any country we operate.”
It can be seen that by adhering to ESG (Environmental, Social, Governance) sustainable development standards, Prudential has consistently maintained and promoted its role as a model, responsible business through practical initiatives such as applying technological advancements in customer service, fulfilling community responsibilities, and creating a safe, progressive working environment for employees.
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Mr. Manish Gurbuxani, Chief Transformation and Strategy Officer at Prudential.In early April 2024, Prudential also launched the “PRUlink-Tương Lai Xanh” unit-linked fund with a sustainable development orientation. The fund primarily focuses on three investment areas: Climate, Health, and Improvement. Diversifying the investment portfolio, focusing on responsible and sustainable investment, clearly demonstrates Prudential’s responsible commitment to action.
After JETP (Just Energy Transition Partnership) agreement was signed in 2022, the private sector has a key role to play to support the Vietnam Government in achieving the 2050 net-zero target. Prudential amongst other private financial institutions is continuously exploring how to participate in this program to support the Vietnam JETP Resource Mobilization Plan, which will enable the implementation of the JETP funding and strategy.
In terms of product solutions, Prudential is strategically investing in their Health business to close the coverage and protection gap for the Vietnamese population and to offer solutions for managing health and critical illnesses.
The Vietnam Sustainable Business Awards 2024 ceremony took place on the evening of November 29 in Hanoi with the theme “Businesses Rising in the Green Era,” marking the 9th year of the program under the Government’s direction to acknowledge and commend businesses that excel in sustainable production and business activities across comprehensive aspects: economic efficiency, corporate governance, social, and environmental.
This year, the program evaluating and announcing sustainable businesses in Vietnam (CSI) introduced several new updates in the CSI 2024 Index. Of the total 153 indicators, 62% are core indicators, and 38% are advanced indicators. With the majority being core indicators, the CSI evaluation standards this time also emphasize that ensuring compliance with legal requirements is a crucial foundation for sustainable business development.
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Source: Vietnam Insider