AES Mong Duong named among top 100 Most Sustainable Enterprises in 2021

09/12/2021AES Mong Duong News, News

Hanoi, 9 December 2021.

AES Mong Duong has been named among the top 100 most sustainable companies in Vietnam this year. The annual list is organized by the Vietnam Business Council for Sustainable Development (VBCSD), under the Vietnam Chamber of Commerce and Industry (VCCI), with cooperation from the Ministry of Labour, Invalids and Social Affairs (MOLISA), Ministry of National Resources and Environment (MONRE) and Vietnam General Confederation of Labour. This is the fifth time the company has received the recognition since starting operations in the country.

Mr. Pham Tan Cong, President of VCCI presents the certificate of 100 Most Sustainable Enterprises in 2021 to AES Mong Duong’s representative – Ms. Dang Huong Lan, Stakeholder Manager

The award is an honorable title representing recognition from the Vietnamese Government, ministries, the business community and social organizations for pioneering companies in sustainable development. To be named in the list of top 100 sustainable enterprises, AES Mong Duong has satisfied 119 strict indicators of the Corporate Sustainability Index (CSI) in four areas: Sustainability Performance Index; Governance Index; Environmental Index; and Labor-Social Index.

Mr. David Stone, President of AES Vietnam and CEO of AES Mong Duong, said, “We are pleased that AES Mong Duong’s continuous efforts in sustainability and positive impact on Việt Nam’s socio-economic development have been recognized. With AES Mong Duong, AES has built a reputation as a trusted partner in the energy sector in Vietnam, while together with our partners, fulfilling AES’ global mission of accelerating the future of energy around the world.”

The company’s sustainability strategy focuses on three fundamental pillars: (1) maintaining a solid financial profile with stable and predictable cash flow, (2) continuing to operate our Project safely, efficiently and sustainably, and (3) continuing to progress with the localization program, thus providing opportunities for local talent to develop and grow in leadership roles to ensure long-term business continuity. In the last five years, with approximately 35 billion kWh generated, Mong Duong 2 has made significant contributions to national energy security and a reliable baseload, which serves as a concrete foundation for higher penetration of variable renewable energy sources and accelerate the responsible development and transformation of the energy sector.

Since 2015, the Company’s Social Impact Program, focusing on four main pillars – Health, Education, Livelihoods and Infrastructure, has been implemented with the aim to improve the quality of life for local communities. More than 150 CSR initiatives with a total value of VND20 billion have been initiated, helping to make lasting and positive impacts to the lives of more than 200,000 local people.

The mother company, AES Vietnam, was also recently honored to receive the 2021 Corporate Social Responsibility (CSR) Award for the fifth consecutive year, given by the American Chamber of Commerce in Hanoi (AmCham Hanoi). This award recognizes companies that demonstrate a connection between their business operations and society, and who strive for both long-term economic and social value.

The two awards follow the recent publication of AES Mong Duong’s sustainability report for 2018-2019, outlining AES Mong Duong’s positive business impact through delivering sustainable value to our stakeholders, while contributing significantly to the sustainable development of the local economy through an effective partnership.