Lê Thị Hải Yến, Trịnh Thị Tuyết Trinh, Lê Khánh Linh, Phạm Phương Thảo
Sinh viên K61 – CLC Tài chính – Khoa Tài chính Ngân hàng
Trường Đại học Ngoại thương, Hà Nội, Việt Nam
Nguyễn Hà Phương
Sinh viên K61 – Kế toán Kiểm toán – Khoa Kế toán Kiểm toán
Trường Đại học Ngoại thương, Hà Nội, Việt Nam
Nguyễn Đỗ Quyên
Giảng viên Khoa Tài chính Ngân hàng
Trường Đại học Ngoại thương, Hà Nội, Việt Nam
Abstract
In the context of globalization, ESG has become an integral part of the strategies of investors and businesses worldwide, making the flow of capital into ESG investment funds an inevitable trend. PwC’s 2022 report shows that 80% of international investors are interested in ESG when investing in Vietnam, with increasing awareness of the importance of environmental protection and good governance in business. This study measures the impact of ESG on the business performance of high-market capitalization listed companies in Vietnam over the period of 3 years from 2020 to 2022. Using the OLS method, the research results show that ESG has a positive but relatively small impact on business performance. Based on the results of the research, the author team proposes to businesses an optimal solution for ESG strategy optimization, aiming to both reduce costs and increase profits. Particularly, emphasis should be placed on Social Responsibility by establishing effective target goals and metrics, as well as focusing on creating a positive work environment and building a positive brand within the community, with investors, and stakeholders. For the remaining two criteria, businesses can implement transparent governance processes, enhance investment in green technology, and improve employee skills to achieve higher business efficiency aligned with ESG goals. As for the Government, in its role as a facilitator, it should support and guide businesses in applying and optimizing ESG strategies, especially in the social aspect. For investors, risks related to social issues should be given more attention, particularly overlooked criteria such as transparency regarding starting salaries and health safety policies.
Keywords: ESG, financial performance, Vietnam.