Nguyen The Phuong, FPT Digital’s expert consultant, participated in a lecture on the role of digital transformation in achieving ESG objectives at the “ESG – Evolving To The Next Level” conference organised by The Belgian – Luxembourg Chamber of Commerce in Vietnam (BeLuxCham).
Nguyen The Phuong, FPT Digital’s expert consultant, participated in a lecture on the role of digital transformation in achieving ESG objectives at the “ESG – Evolving To The Next Level” conference organised by The Belgian – Luxembourg Chamber of Commerce in Vietnam (BeLuxCham).
The conference was held to commemorate the 50th anniversary of the Vietnam-Belgium and Vietnam-Luxembourg cooperation, as well as the 20th anniversary of BeLuxCham in Vietnam. Its objective was to enhance the understanding of Vietnamese businesses regarding ESG and introduce successful experiences of integrating ESG objectives into business operations. The conference covered various topics, including Sustainable Agriculture, Industry 4.0, Circular Economy, and Human Resource Management.
The event brought together numerous high-level leaders and experts from diverse fields such as agriculture, technology, logistics, and transportation.
ESG represents Environment, Social, and Corporate Governance – the three standards used to measure factors related to the sustainable development orientation of businesses. It is considered an essential trend in the development process of every nation and enterprise.
ESG activities are becoming increasingly prevalent in Vietnam. The government is also making efforts to establish policies and mechanisms that encourage domestic businesses to fulfil their ESG commitments within the framework of sustainable development. By adhering to ESG standards, businesses can enhance their competitive edge, reduce costs, attract investors, and generate opportunities for supply chain improvement, particularly in challenging markets such as the United States, Europe, and Japan.
During the event, Mr. Nguyen The Phuong emphasized, “Sustainability is a top priority in global business operations, and ESG objectives are becoming one of the key focal points in Digital Transformation programs – another significant trend in business innovation”. Findings from the BCG Global Digital Transformation Survey 2021 revealed that as many as 80% of businesses have plans to increase investments in sustainability, and 60% of businesses consider ESG as a primary criterion in the selection and prioritization of digital initiatives.
In his presentation, Mr. Nguyen The Phuong demonstrated the interconnected relationship between Digital Transformation and Green Transformation. Therefore, Digital Transformation serves as a means to actualize ESG objectives, while ESG, in turn, helps shape the standards, procedures, regulations, and agreements necessary for implementing digital transformation programs, affirming that these two goals must be integrated into business development strategies.
Specifically in the manufacturing sector, technology enables businesses to achieve emission reduction goals through resource optimization and improved product design that minimizes waste generation during testing. This contributes to enhancing consumer perception of the product and the company’s image. Mr. Nguyen The Phuong also presented various technology solutions and applications at the event to provide practical perspectives, helping businesses have a clear direction in building a roadmap for realizing ESG objectives through digital transformation.
Strategically, Mr. Phuong emphasized that to achieve ESG objectives and establish sustainability as a competitive advantage, businesses need to systematically integrate green transformation strategies and digital transformation strategies into their overall business strategies from the outset, following four steps: Survey and evaluation – Integration of ESG objectives – Development of a Digital ESG roadmap – Enhancing human awareness. He underscored that people are always the top priority for the successful integration of Digital Transformation and Green Transformation strategies. Businesses should prioritize the transformation of mindsets through awareness-raising programs and foster digital capabilities through training and communication, to cultivate a comprehensive digital culture.
FPT Digital always accompanies businesses on the path to achieving ESG goals and digital transformation through Consulting and Training solution packages on ESG and digital transformation. Among them, outstanding products are: Report assessing CO2 emission reduction standards (Decarbonization Assessment); Overall ESG strategy consulting; Report assessing the current state of ESG; Building a roadmap to reduce emissions, Consulting on green transformation opportunities and challenges, and Digital transformation consulting products that have now been successfully applied at Vietnamese enterprises such as Thien Long, Minh Phu, PJICO, PVFCCO, Vietsovpetro…
