Binh Minh Plastics, Vina Kraft, and member companies of the Prime Group have been consistently recognized as Sustainable Businesses in Vietnam, demonstrating the success of the ESG 4 Plus strategy.

 This year, SCG's awards increased compared to the previous year, with five member companies of Prime Group, including Prime Dai Loc Joint Stock Company, Prime Dai Viet Joint Stock Company, Prime Yen Binh Joint Stock Company, Prime Tien Phong Joint Stock Company, and Prime Pho Yen Joint Stock Company, along with Binh Minh Plastics Joint Stock and Company Vietnam Kraft Paper Co., Ltd. (Vina Kraft), all being recognized. Notably, Prime Pho Yen Joint Stock Company proudly earned a place in the Top 10 Sustainable Businesses in Vietnam in 2024 and Prime Dai Viet Joint Stock Company is recognized as a Top 5 business pioneering in circular economy implementation and GHG reduction in 2024, with a reduction of up to 30% compared to 2020, through waste heat recovery system and replacing coal with biomass. Built on the foundation of the ESG 4 Plus strategy and the circular economy mindset, SCG and its member companies once again demonstrate their steadfast commitment to continuous innovation aimed at sustainable development.

Prime Dai Viet Joint Stock Company, standing third from the left, is recognized as a Top 5 business pioneering in circular economy implementation and GHG reduction in 2024

Mr. Kulachet Dharachandra, Country Director of SCG, Vietnam shared: “Our commitment to sustainability at SCG in Vietnam is deeply rooted in our ESG 4 Plus strategy, which guides our operations and aligns with Vietnam's broader sustainability goals. We are proud to have achieved recognition in the Top 100 Sustainable Companies in Vietnam for many consecutive years, a testament to the effectiveness of our ESG initiatives and the dedication of our member companies, including Binh Minh Plastics, Vina Kraft Paper, and Prime Group. The insights gained from the CSI assessments empower us to refine our strategies, enhance operational efficiency, and foster innovation that resonates with consumers and investors. Moreover, our engagement in the CSI program reinforces our dedication to creating long-term value for society while driving business success. As we implement initiatives under the ESG 4 Plus framework, we address pressing environmental challenges and contribute to the economic development of the communities we serve.”

CSI 2024 is implemented under the direction of the Government to recognize and honor businesses that excel in sustainable production and business practices across comprehensive aspects: economic efficiency, corporate governance, social responsibility, and environmental stewardship. As one of the enterprises meeting all these criteria, SCG and its member companies have long adopted the ESG 4 Plus strategy. This strategy encompasses four key approaches: Set Net Zero, Go Green, Reduce Inequality, Embrace Collaboration. Furthermore, fairness and transparency are consistently applied throughout all activities, ensuring inclusivity and effectiveness in implementation.

Prime Pho Yen Joint Stock Company, positioned at the center stage, proudly earned a place in the Top 10 Sustainable Businesses in Vietnam in 2024

Based on these principles, SCG's member companies are oriented to act as robust "pillars," collectively building a sustainable business ecosystem. The initiatives and solutions of these companies not only deliver practical value but also serve as valuable lessons on the journey toward prosperous and sustainable development.

In the building materials sector, Prime Group, a member of SCG, made a strong impression with five subsidiaries being honored at CSI 2024 awards. Notably, among them, Prime Pho Yen Joint Stock Company achieved a breakthrough by being named in the Top 10 Sustainable Businesses in Vietnam and and Prime Dai Viet Joint Stock Company is recognized as a Top 5 business pioneering in circular economy implementation and GHG reduction in 2024, showcasing its comprehensive development strategy and outstanding sustainability initiatives. Committed to the Net Zero 2050 target, Prime Group has implemented numerous production innovations, including replacing diesel forklifts with electric ones, utilizing solar energy, and transitioning from coal to biomass fuels. These efforts have significantly reduced greenhouse gas emissions, improved energy efficiency, and enhanced the working environment.

Prime Group places a strong emphasis on people, treating its factories as a second home for employees. The company has made substantial investments in safety and environmental measures, built cultural facilities, provided regular health check-ups, and enhanced employee benefits to ensure the best possible working conditions. Regular safety and occupational health training programs, coupled with rigorous monitoring measures, underline the company’s commitment to prioritizing human value as the core of sustainable development.

With a commitment to delivering the best value to customers, Bình Minh Plastics continuously improves its production processes and enhances product quality.

Additionally, Prime Group adheres to exemplary corporate governance principles, operating management systems that meet international standards such as ISO 9001:2015 for quality management, ISO 45001:2018 for occupational health and safety, and ISO 14001:2015 for environmental management. These efforts not only demonstrate Prime Group's commitment to sustainability but also strengthen its reputation and trust among partners and communities.

Mentioning about Binh Minh Plastics Joint Stock Company, the company has accelerated its digital transformation to support green transition efforts by researching and deploying robotic arms to automate the production of plastic pipe components. In Vietnam, Binh Minh Plastics Joint Stock Company is also a pioneer in achieving the WRAS (Water Regulations Advisory Scheme) certification from the UK. Its plastic pipes and fittings have been proven free of harmful metals and are entirely safe for transporting drinking water. This achievement represents not only technological advancement but also the company’ strong commitment to public health.

Binh Minh - WRAS Certification

This company also organized the project "Loving water for the future" implemented from 2023. By sponsoring high quality products aimed at providing and improving clean quality water for the community, the company and distributors have carried out many practical activities together. Specifically, as of June 2024, Binh Minh Plastics has supported the provinces of Vinh Long, Soc Trang, Ca Mau and Phu Yen by providing a total of 19,200m of PVC-U pipes and 9,700m of HDPE pipes, serving 1,257 households.

With a progressive spirit and strong sense of responsibility, Vina Kraft  - a leading packaging manufacturer in Vietnam - has affirmed its position by being honored for four consecutive years in the Top 100 Sustainable Businesses in Vietnam. The company has implemented numerous initiatives to conserve resources during production operations. By adopting the 4R model (Redesign - Reduce - Reuse - Recycle), Vina Kraft has nearly maximized recycling efficiency, utilizing primarily waste paper as raw material. The company optimized its drying chamber ventilation system and implemented vacuum booster technology, reducing electricity consumption by 43%. Additionally, Vina Kraft installed a lubrication system for Uhle boxes and built a rainwater collection system, achieving a 10% reduction in freshwater usage compared to 2021. To raise community awareness about environmental protection, Vina Kraft annually organizes the “Exchange Waste for Gifts” program, yielding positive outcomes. Vina Kraft’s continuous efforts in innovation and resource conservation have not only optimized production processes but also fostered sustainable relationships with ethical partners.

The success of SCG and its member companies at CSI 2024 reaffirms that when every member of a collective acts as a "pillar of strength," sustainability is no longer just a goal but becomes the foundation for a prosperous and enduring future.