News Oct 24, 2018

Traphaco – A typical sustainable development business in Vietnam

The First time to implement independent Sustainable Development Report

On October 23rd, 2018, the training program on Awareness raising on the values of Sustainable Development Report for journalism practitioners was held by RED communication and GRI Vietnam.

The training program provides the basic concepts of sustainable development and method to exploit information and write business articles through Sustainable Development Report. Traphaco Joint Stock Company and Bao Viet Group are invited as the speakers for being two typical units in implementing Sustainable Development Report applying GRI standards. The Press, through the utilization of Sustainable Development reports of enterprises, will play the role: of business supervision as well as encouragement to follow the path of Sustainable Development.

The story of sustainable development has emerged very early in the world and has become a global trend in recent decades. The core of sustainable development is the balance among economic growth, which is considered to be the most prominent aspect of enterprise valuation, with two factors: Environmental Protection and Social Investment (employees, community, ...). Sustainable development is not a strange thing for multinational companies, but it will be a challenge for Vietnamese companies, especially small and medium enterprises.

Ms. Dao Thuy Ha, representative of Traphaco Joint Stock Company sharing the implementation process of the first independent Sustainable Development Report.

Sharing at the training, Ms. Dao Thuy Ha, Traphaco representative said: For Traphaco, the story of sustainable development has emerged from the outset as a pharmaceutical enterprise with a mission to take care of human health, the first given-back value is for the community. Traphaco's Sustainable Development Report is a specification of the three pillars economic - society - environment of sustainable development; is a long-term commitment of the Company to shareholders, to society and regulatory authorities.

Sustainable Development Report helps Traphaco to re-systemize the Company's sustainable development path, reflecting the transparency and honesty to investors and authorities as well as an effective tool for communication and enhancement of its brand and raising capital from shareholders.

The Sustainable Development Report

During the sharing session, Traphaco's Sustainable Development Report has received a lot of attention from reporters. It is a question of value as implementing the Sustainable Development Report, how to improve the quality of Sustainable Development Report, and how the 4.0 technology revolution has impacted on employment security. In particular, Traphaco has received useful responses for the better-developed Sustainable Development Report.