ESG in Governing Fisheries Enterprises

Vuong Vinh Hiep
Long Sinh Co., ltd, Suoi Dau Industrial zone, Cam Lam, Khanh Hoa.

Abstract:

ESG (Environment, Society, Governance) is gradually becoming an important concept to measure factors related to sustainable development and the influence and impact of businesses on the community. As a comprehensive assessment method for sustainable development of businesses, ESG is an important basis for finding business partners in the global supply chain.

Adopting an ESG program brings fisheries enterprises many benefits, based on the priority of ESG, customers today care about what an enterprise does to protect the environment, therefore, enterprises are ESG compliant can retain and attract more customers. Working for ESG oriented enterprises helps employees increase job satisfaction, which in turn leads to positive results and increased employee retention rates. Aiming for ESG goals allows enterprises to save operating costs, at the same time, contributing to minimizing environmental impacts and sustainable corporate governance.

Some Vietnamese fisheries enterprises find that integrating ESG strategies into producing and trading operations is essential to ensure long-term and sustainable growth. However, approaching and choosing the appropriate ESG framework and implementing an ESG program can pose many challenges, and at the same time, many opportunities also open up for Vietnamese fisheries enterprises.

Key words: ESG, sustainability, framework, governance, fisheries enterprises.

Pages: 1 – 7 | Full PDF Paper