A trading session at Maybank KimEng trading floor in HCM City (Photo: VNA)HCM City (VNA) – VN Sustainability Index (VNSI)will make debut in July to evaluate the sustainability performance of companieslisted in the stock market of Vietnam.
It will consider shares in VN 100, acapitalisation-weighted index that gathers the shares of two other indexes(VN30 and VNMidcap).
VNSI is compiled by the HCM Stock Exchange(HOSE), the German cooperation agency GIZ, and the State Securities Commissionof Vietnam, HOSE said on March 23.
Deputy CEO of HOSE Le Hai Tra said the stockmarket’s sustainable development is an increasing concern of investors. The newindex’s criteria are based on the OECD Principles of Corporate Governance, theGRI Standards, current regulations on information disclosure and corporategovernance, and advice from prestigious experts, insiders and financialorganisations.
Through VNSI, HOSE hopes to promote theapplication of sustainable development initiatives in the listed firms, headded.
Nguyen The Tuan from HOSE’s research anddevelopment division said businesses will be rated basing on their environment,society and governance-related performance.
The environmental and social aspects cover eachfirm’s policies, commitments, relationships with employees and partners,compliance with law, emissions, among others. Meanwhile, the corporategovernance aspect includes shareholders’ rights, treatment to shareholders,relevant parties’ responsibility, information transparency, and the role and responsibilityof the board of directors.
Companies with the highest scores will be listedin VNSI.-VNA
VNA
