Attending the meeting were members of the Board of Directors including Mr. Khuong Le Thanh, Mr. Hang Anh Minh; Head of the Board of Supervisors Hoang Dinh Nhat; Deputy General Director Pham Minh Nghia; Factory Director Cao Tuan Si, along with representatives of specialized units and members of the Working Group.
At the meeting, BSR leaders emphasized that ESG is not only an inevitable requirement in the global trend but also a strategic foundation for the Company's sustainable development. ESG implementation will contribute to enhancing the image and brand, increasing access to finance, reducing legal risks and capital costs, and increasing market valuation. In particular, after BSR shares are officially listed on the Ho Chi Minh City Stock Exchange on January 17, 2025, ESG will become an important stepping stone to implement the Development Strategy 2025 - 2030, with a vision to 2045.
The Company's leadership has demonstrated strong determination and commitment to ESG practices, identifying this as a mandatory requirement associated with the Development Strategy. According to international practice, effective ESG governance in the oil and gas industry needs to ensure 6 factors: leadership accountability, conflict of interest management, active participation of functional units, centralized support resources, clear KPIs and reporting mechanisms, and appropriate incentive policies.
BSR has implemented many ESG-related component activities such as: optimizing technology, ensuring safety - health - environment (HSE), developing welfare policies for employees, caring for social security, protecting biodiversity, etc.
Concluding the meeting, Mr. Nguyen Van Hoi requested the Working Group to review and evaluate the current status of ESG implementation; promote ongoing work groups such as HSE, wastewater reuse, community connection; and develop specific plans for upcoming activities such as: internal training, ESG communication, participation in environmental awards, cultural enterprises, etc. BSR also closely follows the Government 's orientation on developing biofuels (E5, E10), sustainable aviation fuel (SAF) to incorporate into the actual implementation strategy. At the same time, BSR will continue to maintain and upgrade the annual sustainable development report, and develop an independent ESG report.
The working group also discussed many key issues such as: developing a detailed ESG plan with a clear roadmap; researching a set of risk management solutions, building corporate culture, promoting digital transformation and innovation; optimizing the 6th Overall Factory Maintenance.
In particular, the Factory Block is assigned the task of specifying the target of reducing the Energy Intensity Index (EII) of Dung Quat Oil Refinery to serve as a database for CO₂ emission assessment.
The working group also agreed to promote community relations and increase learning from experiences from businesses that are effectively implementing ESG in the oil and gas industry and leading corporations in Vietnam.
Organizing ESG tasks systematically, resolutely and in-depth will contribute to affirming BSR's commitment to sustainable development and enhancing the company's position in the domestic and international markets.
It is known that in May 2025, BSR was honored to be ranked in the Top 10 Green Vietnam ESG Enterprises 2025 - Energy - Oil and Gas Industry and Top 10 Innovative and Effective Business Enterprises in 2025 announced by the Finance - Investment Newspaper ( Ministry of Finance ).
BSR
Source: https://bsr.com.vn/web/bsr/-/bsr-trien-khai-quyet-liet-cac-nhiem-vu-esg-huong-toi-phat-trien-ben-vung
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