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PV Power named among top 100 sustainable companies for five consecutive years

PetroVietnam Power Corporation (PV Power - stock code POW) has been listed among Vietnam's top 100 sustainable businesses for five years in a row.

PV Power named among top 100 sustainable companies for five consecutive years

PV Power named among top 100 sustainable companies for five consecutive years

PV Power’s prestigious recognition was announced at a ceremony held in Hanoi on November 29 by the Vietnam Business Council for Sustainable Development (VBCSD) under the Vietnam Chamber of Commerce and Industry (VCCI).

The CSI (Corporate Sustainability Index) Award is the most prestigious award in the country, with a rigorous and regularly updated evaluation system based on international commitments and the nation's legal framework. The goal of the award is to recognise companies that are in the forefront of developing sustainable growth plans while simultaneously encouraging accountability and transparency in business and production practices.

The 2024 Top 100 Sustainable Businesses were chosen by analysing 153 key metrics, with an emphasis on things like putting in place sound corporate governance procedures, adhering to environmental regulations, responding to climate change, and having strong internal communication skills. Furthermore, budgetary and human resource allocation, as well as policies pertaining to customer interactions, social community, and human resources, can all be viewed as essential components of the evaluation process.

PV Power was honoured to be listed among Vietnam's Top 100 Sustainable Enterprises after exceeding numerous stringent evaluation criteria. For the fifth consecutive year, PV Power has received this esteemed award, which acknowledges the corporation’s exceptional work in sustaining strong growth momentum, making the most of its human resources, and successfully carrying out sustainable development initiatives.

Photo: PV Power representative Nguyen Thi Phuong, deputy head of Economic Planning Department and also in charge of Investor Relations, receives the award of Top 100 sustainable enterprises in Vietnam in 2024.

Over the last 17 years, PV Power has not only solidified its position in the power production and business, investing in the development of electricity projects to guarantee national energy security, but has also concentrated on putting in place efficient corporate governance policies, adhering to environmental regulations, responding to climate change, and improving internal communication capabilities. Additionally, PV Power has made general contributions to the cause of national economic development, with a particular focus on social security across the country.

Photo: Representatives of PV Power and other businesses at the award ceremony.

Being recognised as one of the Top 100 CSI 2024 is not only a testament to PV Power's tenacious work, but it also serves as added motivation for the corporation to continue demonstrating its unwavering dedication to social responsibility and sustainable development. It also assists PV Power in strengthening its brand and reputation, reaffirming its position, as well as gaining the confidence of shareholders, investors, and partners. Additionally, it will help to improve the reputation of PV Power and the stock code POW, as well as to boost sustainable corporate growth and business competitiveness in the context of global economic integration.

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