Home Credit paves way as leading sustainable business for three consecutive years

On November 29, Home Credit Vietnam was the only consumer finance company to make the list of the Top 100 Sustainable Businesses in Vietnam (CSI 100), an achievement it has made for three consecutive years. The announcement ceremony was organised by the Vietnam Chamber of Commerce and Industry in collaboration with the Vietnam Business Council for Sustainable Development.

The “Sustainable Business” title honours pioneering enterprises that make significant contributions to the sustainable development of the Vietnamese business community and society at large. From nearly 500 business profiles submitted, the organisers conducted multiple rounds of rigorous evaluation and scoring to select 100 enterprises that surpassed 153 indicators.

Pham Ngoc Khang, general director of Home Credit Vietnam, said that the achievement of remaining the only consumer finance company on the list acknowledges the company’s relentless efforts to integrate ESG standards into its business strategy and management.

The company prioritises responsible finance, risk management, and transparency. Financial literacy initiatives have also been actively promoted through workshops and educational materials, enhancing community awareness about personal financial management.

Home Credit is committed to expanding financial access, particularly for customers who are unbanked or underserved. This aligns with the National Financial Inclusion Strategy of the government, aiming to improve living standards and stimulate economic growth.

Currently, the company has expanded its network to 16,000 points of sale, a 45 per cent increase compared to 2022. In addition, a digital transformation process enhances customer experience, reduces carbon emissions from business operations, protects the environment, and minimises resource wastage.

Beyond business operations, Home Credit actively implements social initiatives. The “Home for Life” programme has provided funding and financial management training for disadvantaged women. This year, the company collaborated with the Vietnam Women’s Union to distribute green startup capital, organise training sessions, and publish the “Financial Handbook for Women.”

The “Home Love” initiative focuses on supporting underprivileged children, building schools, and granting scholarships to over 1,900 children nationwide. Over the past year, employees have donated more than VND3 billion ($120,000) to aid the northern region in recovering from Typhoon Yagi.

To achieve this success, Pham Ngoc Khang emphasised that the sustainable development strategy has always been closely aligned with business objectives - a prerequisite for corporate success. Additionally, the company invests heavily in community projects, creating significant real-life impacts on society, and positively impacting people’s welfare.

This is also a core element in Home Credit's approach to responsible finance, towards a sustainable community, and which is key to the company's conquest of the CSI100 award and global recognitions.

In the first episode of Greennovate's second season, Jakub Kudrna, chief strategy officer and chairman of Home Credit Vietnam’s Environmental, Social, and Governance (ESG) Steering Group, shared his insights on sustainability in consumer finance.

Over a morning coffee, Pham Ngoc Khang, general director of Home Credit Vietnam, glances at his computer screen with a smile, "Thirty years ago, I never imagined having the world in the palm of my hand as I do now," he said.

Home Credit Vietnam was named one of the Best Companies to Work for in Asia at the HR Asia Awards 2024 ceremony on August 8.