Monday , 18 December 2017
Breaking News
You are here: Home » Travel » Forum looks to augment business solutions to sustainability challenges

Forum looks to augment business solutions to sustainability challenges

Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc speaks at the Vietnam Corporate Sustainability Forum 2017 on October 10 (Photo: VNA)

Hanoi (VNA) – The Vietnam Corporate
Sustainability Forum 2017 took place in Hanoi on October 10, seeking to scale
up business solutions to sustainability challenges.

Opening the event, Chairman of the Vietnam
Chamber of Commerce and Industry (VCCI) Vu Tien Loc said as one of the 193 UN
member countries adopting the 2030 Agenda with 17 sustainable development goals
(SDGs), Vietnam has asserted its vision and resolve to, together with the
world, follow the path to green growth. Its Government has issued a national
programme on sustainable development and set up the National Council for
Sustainable Development.

VCCI also established the Vietnam Business
Council for Sustainable Development, which gathers hundreds of enterprises
volunteering to act as the core of sustainable business models in the country.

Loc cited the “Better Business, Better World”
report issued by the Business and Sustainable Development Commission as saying
that sustainable business opportunities to realise the Global Goals in the four
surveyed economic systems could create a market worth an estimated 12 trillion
USD by 2030. Achieving the Global Goals in these four systems could create 380
million new jobs by 2030, almost 90 percent of them in developing countries.

The report also said Asia will have the most
business opportunities created by sustainable development, he noted, describing
this as a wonderful momentum for Vietnamese firms to follow a more sustainable
and humane development path.

Kamal Malhotra, UN Resident Coordinator in
Vietnam, said the business community should be considered an important part of
the economy, not just a channel to mobilise capital. 

It is necessary to boost financial sources,
improve manpower quality and devise cooperation solutions to promote the
development of private businesses. Meanwhile, the private economic sector needs
to have joint plans and actions on corporate rights and obligations, he added.

Nguyen Quang Vinh, Vice Chairman of the Vietnam
Business Council for Sustainable Development, said the achievement of the 17
SDGs depends much on businesses’ actions. He noted that the number of companies
making sustainability reports has doubled over the last five years.

However, Vinh admitted that most enterprises
have trouble in their approach to the SDGs while the global awareness of
sustainable development remains low. Businesses’ influence in the sustainable
development process is still modest.

To do better business for a better world, it is
crucial to support enterprises to combine the SDGs with their development
strategies and gear the financial system towards sustainable investment
orientations, Vinh said.-VNA

About vivian

Comments are closed.