FPT Honored in Top 50 CSA for Outstanding CSR Activities and Excellent Corporate Governance

At the Top 50 Corporate Sustainability Awards (CSA) 2024 announcement ceremony, organized by Nhip Cau Dau Tu Magazine, FPT was recognized in Outstanding CSR Activities and Excellent Corporate Governance. This marks the third consecutive year FPT has been honored as one of the TOP 50 CSA in Vietnam.

Ms. Mai Thi Lan Anh, FPT's Chief Communications Officer, received the TOP 50 CSA on behalf of the company.

This award reaffirms FPT's commitment to social responsibility (CSR), its adherence to corporate governance regulations, and its application of advanced international standards in business management.

According to the Organizing Committee, heightened scrutiny from investors, evolving consumer and customer expectations, and shifts in public policy have made adherence to ESG (Environmental, Social, and Governance) standards increasingly crucial for businesses. As a result, companies must enhance their practices and strive to meet relevant ESG criteria. This focus on ESG has become a cornerstone for driving sustainable growth and achieving long-term success.

For FPT, ESG is integral to its development strategy, reinforcing the Corporation's core values and ensuring maximum stakeholder benefits. This commitment supports FPT's mission as a global corporation, aiming for longevity and enduring success while fostering a positive impact.

Excellent governance: Ensuring maximum benefits for stakeholders

Over the years, FPT has consistently adhered to all essential legal provisions about corporate governance, both in a general context and in adherence to regulations specific to listed companies. Furthermore, in order to strengthen the corporate governance and compliance structure, FPT also made efforts to enhance the quality of corporate governance according to international standards. More specifically, the Corporation ensured adherence to the criteria in the OECD Principles of Corporate Governance, ASEAN Corporate Governance Scorecard, and Vietnam Corporate Governance Code of Best Practices co-developed by the State Securities Commission of Vietnam and the International Finance Corporation (IFC).

Utilizing standard management processes is essential for the Corporation to uphold compliance and efficiency in pursuing sustainable development objectives, bolstering its competitiveness and stature, and delivering value to stakeholders.

In 2023, FPT persisted in advancing the adoption of management methodologies utilizing Objectives and Key Results (OKRs) across the Corporation, aiming to align individual objectives with each department's/subsidiary's/Corporation's goals. This approach ensures alignment with the overarching strategy and direction, enhancing operational efficiency and labor productivity. Additionally, the Corporation's activities adhere to and achieve prestigious international certifications in quality management, information security, environmental management, and other vital areas.

Simultaneously, leveraging its technological strengths, FPT is committed to driving internal digital transformation. This focus aims to enhance management efficiency, optimize operational productivity, and maximize the replication of successful digital transformation projects across the organization. Technology is applied to streamline management functions across various domains, including Finance, Human Resources, Technology, Quality, Marketing & Communications, and Procurement. In 2023, 42 internal digital transformation projects facilitated savings of 617 billion VND. Recently, AI has been integrated into FPT's procurement processes, increasing transparency, improving efficiency, and incorporating features for monitoring and fraud detection.

In 2023, FPT was recognized as one of the Top 10 Large-Cap Enterprises with Best Corporate Governance during the Announcement and Honoring Ceremony of award-winning enterprises in the 2023 Vietnam's Listed Companies Awards organized by the Ho Chi Minh City Stock Exchange (HoSE), Hanoi Stock Exchange, and the Investment Newspaper.

Together for community development

Over the past 35 years, FPT has remained steadfast in its commitment to sustainable development. It strongly emphasizes people-centered initiatives and prioritizes community support, leveraging its technological strengths. Consequently, FPT dedicates significant resources to human capital development and educational support for the younger generation.

The Corporation upholds the belief that compassion and a spirit of sharing are fundamental to societal progress. Each year, FPT employees actively engage in various sustainable development endeavors, ranging from volunteering with the Corporation to making financial contributions, all aimed at advancing community welfare and fostering national well-being.

Over the years, the Corporation has allocated over 1,000 billion VND for social responsibility initiatives, primarily focusing on educational support programs. These include sponsoring scholarships to empower talented students, particularly those facing challenges, and initiatives to improve educational infrastructure, such as building bridges, repairing schools, and providing learning materials to teachers and students in underserved areas.

FPT has consistently demonstrated its commitment to social responsibility through a range of impactful activities. These include Scholarship programs to provide development opportunities for young talents; educational initiatives to enhance learning environments and bridge educational gaps in disadvantaged areas through programs such as Light up the School, Wings to Dreams, and Electronic Library; blood donation; and donating one day's salary to the FPT's Fund for the Community.

The TOP 50 CSA program, organized by Nhip Cau Dau Tu Magazine, recognizes excellence across three sectors: FDI enterprises, listed companies, and unlisted firms. The appraisal council comprises leaders from Nhip Cau Dau Tu Magazine, HSBC Bank, PwC Vietnam, The Institute for Circular Economy Development (ICED), Schneider Electric Vietnam, Talentnet, and Mekong Capital.
The program, organized by Nhip Cau Dau Tu Magazine, features an Appraisal Council comprised of representatives from HSBC Bank, PwC Vietnam, Schneider Electric Vietnam, Talentnet, the Institute for Circular Economy Development (VNU-HCM), and Mekong Capital.

This program aims to generate data on sustainable development, aiding the Government and relevant social organizations in crafting policies that align closely with real-world needs. This supports businesses in sustainable development efforts and contributes to Vietnam's commitment to the COP26 targets to achieve net zero emissions by 2050. It underscores the continued focus on climate change response, particularly in advancing clean energy, sustainable infrastructure, and smart management of water and ecosystem resources.

With 14 voting categories based on the three ESG pillars (Environment, Society, Governance), the program recognizes and honors businesses across all three sectors (FDI, listed, and unlisted) that significantly contribute to sustainable development, environmental stewardship, and social equity.