Besides impressive business outcomes, SABECO made significant progresses in 2022 towards its goal of creating positive values through the 4C sustainable development strategy.
Catch up with global trends to gain solid momentum
Over the past two decades, ESG (standing for Environment, Social, and Governance), a set of standards to measure factors related to sustainable development and the impact of businesses on the community, has become a strategic and essential practice for enterprises.
In 2019 Saigon Alcohol, Beer and Beverage Corporation (SABECO) announced the 4Cs sustainable development model, focusing on four key pillars: Country, Culture, Consumption, and Conservation. By approaching and adapting the ESG model in a more comprehensive and inclusive way, SABECO is moving towards bringing out the best of the community and the nation.
Saigon - Cu Chi Brewery. SABECO is committed to sustainability strategy to bring out the best of Vietnam through the 4Cs commitment: Country, Culture, Consumption and Conservation.
2022 – A breakthrough year
In 2022 alone, SABECO created several significant milestones on its journey to sustainable development associated with social responsibility as a corporate citizen. A series of activities and initiatives were implemented during the year, pushing on a tripartite partnership of the Government, private sector, and socio-political organizations. This model is considered an exemplary model that allows optimization of the advantages of all parties, while addressing the limitation of resources, bringing practical and impressive results for community programs.
Since signing the 3-year partnership agreement with the Ho Chi Minh Communist Youth Union (HCYU), SABECO has been rolling out many activities of national development, cultural preservation, civil lifestyle and sustainable development. Under the project of “Light Up the Rural”, for instance, HCYU and SABECO built 34km of solar-powered streets in 34 cities and provinces. The project was aimed at helping improve local infrastructure, promoting a safe and sustainable environment for the locals, as well as the socio-economic development of the areas.
Another project, "Fostering Sports", was also launched to help construct 30 community sport courts nationwide within 3 years to promote a healthy and sporty lifestyle.
A road in Dong Thap province has been installed with solar-powered streetlights through the project “Light Up The Rural” by SABECO in collaboration with HCYU
Consistent with the goals of supporting the community where the company operates, SABECO also collaborated with the Vietnam General Confederation of Labor and HCYU to organize “Together We Make Tet” community program to honor and give 8,000 Tet gifts to workers across the country.
The "Together We Make Tet" program honored 8,000 workers across the country who made many contributions to the economic development of the country in 2022.
Last year, SABECO also signed a cooperation agreement with the Ministry of Culture, Sports and Tourism (MoCST) to implement a series of national and international key activities such as the Vietnam - Korea Cultural and Culinary Festival in Seoul 2022, a series of events to celebrate local culture - the Ok Om Bok Festival. These activities were meant to promote cultural beauty, and jointly help boost and recover domestic tourism after the pandemic.
At the same time, to support the development of young talents and national sports, especially in 2022 with the return of several major sports events, SABECO through its leading brand Bia Saigon, sponsored and supported many key programs such as SEA Games 31; enhancing the development of sport talents through the "Vietnam Wins Gold" initiative partnered with MoCST, helping enhance Vietnam's achievements in international competitions. SABECO also joined hands with HCYU to equip knowledge and improve the business capability for young entrepreneurs in rural areas through the "Power of Innovation" coaching session and the seminar of "Rural youth and aspiration to get rich from agriculture". SABECO also accompanied HCYU in honoring young talents in business and profession through Luong Dinh Cua Awards, and National Outstanding Workers Awards.
SABECO contributed 5 billion VND to support Vietnam’s national athletes through the "Vietnam Wins Gold" program.
In terms of the ‘Environment’ factor in the ESG model, although 2022 was considered a challenging year for businesses due to Covid-19 caused socio-economic changes, SABECO maintained the business growth together with efforts to reduce the impact of manufacturing activities on the environment, as part of its sustainability commitments to “Conservation”. So far SABECO has introduced solar energy at 8 out of 26 breweries, helping to improve the fuel efficiency by 14%. 100% of wastewater from production activities is treated before being discharged into the environment. The company also reuses water resources by using the CIP system to optimize water consumption.
Young people shared start-up ideas at the "Power of innovation" coaching session as part of 17th Luong Dinh Cua Award program organized by HCYU with the support of SABECO
A successful result of steadfast efforts
Thanks to its relentless efforts, SABECO won many prestigious domestic and international awards in 2022, namely the Vietnam Glory Awards organized by the Vietnam General Confederation of Labor, Corporate Excellence Award by APEA, Inspirational Brand Awards for Bia Saigon by APEA, Top 1 Prestigious Beverage Company of Vietnam Report, and Top 25 Leading F&B Companies by Forbes.
According to a representative of SABECO, the 2022 achievements encouraged SABECO to continue with its commitment to sustainable development through practical activities revolving around the 4C pillars, creating positive values for the prosperity of Vietnam and its people in 2023.
Thanks to the persistent pursuit of sustainable development associated with business activities, over the last 4 years, SABECO has achieved impressive business results and affirmed its leading position in the market. Despite difficulties and unfavorable market forecasts, SABECO still achieved revenue of 35,235 billion VND in 2022, an increase of 33% from 2021, and profit after tax approximately 5,500 billion VND.
26 February 2023 Espoo, Finland – Nokia today announced at MWC Barcelona 2023 an updated company and technology strategy, and unveiled a refreshed brand, as part of its long-term strategic transformation.
With this award certificate, it proves that the quality of products and services of C.P. Vietnam Corporation not only meets the needs and tastes but also creates confidence for consumers about a business with sustainable development vision and strategy.
Towards the 92nd anniversary of the establishment of the Ho Chi Minh Youth Union (26/03/1931-26/03/2023), the 64th anniversary of the traditional Vietnam Border Guard Day (03/03/1959-03/03/2023), the Central Committee of the Vietnam Women's Union has launched the program "Border March" in 2023 with the theme "My Fatherland", held in 3 provinces of Lang Son, Quang Tri, Kien Giang.
March, 22/2023 - Digital transformation is considered as a catalyst for many businesses to transform and adapt to green and sustainable models. Recently, dual transformation (green and digital) has been mentioned by the European Union and is an important future trend.
February 14, 2023, at Samsung Electronics Vietnam factories, Samsung Vietnam organized the Launching ceremony for the Blood donation program in responce to the Red Sunday 2023 to resolve the blood shortage in treatment and emergencies after the Lunar New Year. The program is part of a series of activities celebrating the 15-year journey of Samsung officially implementing the "great investment" in Vietnam. Through the Program, more than 100,000 blood units have been donated since 2010 and an estimate of 4,000 blood units is expected to be donated in resonance with the Red Sunday 2023 program.
Ho Chi Minh City, February 10th 2023: The World Economic Forum launched a new community to help deliver a Just Energy Transition in ASEAN. This community is co-chaired by CEOs from SCG and PETRONAS with the objective to drive decarbonization efforts that are pragmatic and fair.
C.P.Vietnam corporation operates with 3 benefits towards sustainability, including benefits for the country, for the people and for the company.
● As Tet holiday, the Year of Quy Mao 2023, is approaching, Mondelez Kinh Do, together with the community, brings a meaningful Tet to unprivileged children across the nation through various activities as part of the “See Kinh Do, Give Tet” program. ● Mondelez Kinh Do has deducted 10% of the revenue generated from the sales on the special day on 12 Dec, on two e-commerce channels, Lazada and Shopee, to sponsor the program.
Ba Ria - Vung Tau Province, December 8th, 2022 – SCG Sharing the Brighter Vision 2022, SCG in collaboration with Ba Ria - Vung Tau Eye Hospital, Ba Ria – Vung Tau Youth Union, has been held in Ba Ria - Vung Tau province (BR-VT) for the first time. It has provided free eye health examinations for 600 local residents, successfully performed 100 cataract surgeries, and equipped the local public with essential knowledge on eye health via training sessions. The first batch of 50 patients had operations from November 29th – December 1st.
December 20th, 2022 - The Central Association Council in collaboration with SCG held the SCG Sharing the Dream 2022 scholarship program for pupils, students under the theme “Sustainable Future Starts From Your Dreams”. The program provided scholarships to 100 pupils and 100 students nationwide along with post-scholarship training activities worth a total of 2 billion VND. The program reaffirms the commitment of the Central Association Council and ESG strategy of SCG in empowering the young generation to realize their “big dreams” for a sustainable future of the country. This marks an important milestone in the 15-year journey of SCG Sharing the Dream scholarship.
