VinFast, the Vietnam-based global electric vehicle (EV) manufacturer, has on Thursday announced that it has received an indicative Corporate Environmental, Social and Governance (ESG) Assessment from Morningstar Sustainalytics, a globally recognized ESG research, ratings and data firm.
VinFast said in a statement that it received an overall indicative Corporate ESG Assessment score of 23.3, the top ESG rating (i.e. lowest potential risk) compared with other pure EV
companies.
Sustainalytics performed a broad-based Corporate ESG Assessment of VinFast covering seven distinct ESG categories: carbon – product and services; human capital; product governance; business ethics; carbon-own operations; human rights – supply chain; and corporate governance.
As of July 2022, VinFast received an overall indicative Corporate ESG Assessment score of 23.3, which places the company in the “medium risk category” and in the top ten (9th ranked out of 70) of automobile companies with the top ESG rating (i.e. lowest potential risk) compared with other pure EV companies, in each case among companies assessed by Morningstar Sustainalytics.
Morningstar Sustainalytics is a leading ESG research, ratings and data that works with hundreds of the world’s leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes.
“VinFast envisions a sustainable future for people and the planet through green, clean and safe mobility. This is a future built on intelligent services, outstanding customer experience, and a deep care for the planet and future generations,
“VinFast is committed to innovative vehicle design, quality, and technology, along with excellent customer service,” said Thuy Le, Vingroup Vice Chairwoman and VinFast Chairwoman.
VinFast – a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, the firm owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.
Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality electric vehicles, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet.
Established in 1993, Vingroup is one of the leading private conglomerates in the region focusing on three main areas: technology and industry, services and social enterprise.