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Message from CEO

Sustainability - Masan Consumer
Truong Cong Thang
Member of the Board of Directors & Chief Executive Officer
“Sustainability is no longer a conceptual idea, but is at the heart of everything we do, from strategy to day-to-day operations. Masan Consumer’s mission of uplifting the material and spiritual lives of Vietnamese consumers perfectly aligns with building a sustainable business operation that creates value not only for the Company and its employees but also the society at large.”

Dear Stakeholders,

2023 was another year of multiple challenges, including geo-political instability, continued climatic changes, and increased cost of living. In times like this, we are reminded of the essential role of Masan Consumer: as a leader in the food supply chain employing more than 5,000 employees with manufacturing and distribution footprint spread across Vietnam, we have continuously strived to build a sustainable business that not only does well for our shareholders and ourselves but also for the broader society.

The sustainability journey is not something novel to Masan Consumer but a culture deeply rooted in our decades-long commitment to “Doing well by doing good.” In the past, we have shown our commitment through strict adherence to environmental and labor regulations, the implementation of various community development initiatives, and the adoption of governance policies aligned with international standards. Now, we want to move beyond compliance to becoming a true sustainability leader in Vietnam. That means institutionalizing ESG by embedding it into our corporate strategy, business planning and KPIs so that all our businesses, employees, and suppliers take ownership and raise standard in their everyday operations, making “Doing well by doing good” a living motto. By doing so, we believe that we will become Vietnam pioneer in ESG and corporate’s responsibility, leading and encouraging other stakeholders to join the sustainability movement.

Our accomplishments to date and the plan shared in this Sustainability Report are just the beginning. As we execute the strategy and onboard more stakeholders to our journey, we will refine and expand our vision to not only serve 100 million consumers “well,” but also how to create a “good” environment where everyone can thrive.

2023 Highlights

Our commitment to sustainable business practices over the years has earned us third party recognition from national and international organizations

Sustainability - Masan Consumer

Great Place to Work

Sustainability - Masan Consumer

The 2nd "Ho Chi Minh City Golden Brand" Award

Sustainability - Masan Consumer

Golden Brand for Young People 2023: Chin-Su

Sustainability - Masan Consumer

National Brand 2022-2024: Vinacafe BH

Sustainability Strategy 2023 - 2025

Masan Consumer’s Sustainability Strategy fully adheres to Masan Group’s Sustainability Strategy, prioritizing the issues that matter most to our business and stakeholders, focusing on areas that have the greatest impacts.

Our Sustainability Framework aligns with the United Nations’ 17 Sustainable Development Goals (UN SDGs) and the International Finance Corporation (IFC) Performance Standard. We are committed to creating value to our customers and stakeholders by Driving innovation for sustainable growth, Caring for the environment and communities and Winning the hearts and minds of our people and customers, with a focus on 8 material topics as illustrated below.

Materiality assessment for Masan Group and Masan Consumer was undertaken with a global consulting company with well-established expertise in the sustainability advisory landscape. The assessment entailed a comprehensive analysis of key ESG issues that impacted our stakeholders and businesses. It also considered where Masan Consumer operations may impact the environment and society. A defined approach was used to better understand, act upon, and communicate our most important sustainability-related topics by outlining the importance of a topic to Masan Consumer’s stakeholders against the significance of impacts to Masan Consumer. We also benchmarked ourselves against industry peers and global frameworks to complement the insights from the stakeholders’ interviews.

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Our approach to sustainability

In 2022-2023, we began the process of integrating Environmental, Social, and Governance (ESG) considerations into our operations with support from Masan Group. We initiated the process by identifying ESG topics material to our business, operations, and value chain through a materiality assessment. We set ambitions and targets, defined key performance indicators (KPIs), developed action plans, and implemented an effective governance structure to facilitate the achievement of those targets. In 2024, we will continue integrating ESG into our operations and decisions.

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Sustainability - Masan Consumer

Transitioning into
Beyond Compliance

Masan is actively transitioning toward ambitious ESG goals to be achieved by 2025. We have moved beyond reactive compliance measures and ad hoc philanthropy initiatives, placing a strong emphasis on international standards and best practices, extending our reach beyond local regulations. With an established ESG strategy and regular disclosure practices, sustainability is no longer just a function but an integral part of our corporate strategy, purpose, and business model.
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Sustainability - Masan Consumer

ESG Integration

As we move into the future, our sights are set on achieving the full integration of ESG into our business by 2030. Sustainability will become deeply ingrained in our corporate strategy, purpose, and business model, where ESG and climate considerations drive transformative change and value creation. This commitment extends to our leadership structure tied to compensation based on sustainability performance, demonstrating our unwavering dedication to this cause.
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Sustainability - Masan Consumer

Business Innovation

Our vision extends to innovate in alignment with ESG and Climate Trends. Sustainability considerations will be seamlessly integrated into our R&D and product development processes. We will foster open collaborations with strategic cross-sectorial partners, positioning ourselves as thought leaders with high ESG ratings. Masan Group is committed not just to meeting but to shaping the future of sustainability across our sector, solidifying our position as a pioneer in sustainable business practices.
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Sustainability - Masan Consumer
ESG

Doing Wel By Doing Good

Sustainability - Masan Consumer

Environment

Masan Consumer is dedicated to adhering to Vietnam’s environmental laws and fostering initiatives for environmental protection among our team.
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Sustainability - Masan Consumer

Social

Our business growth is aligned with community development. We prioritize strong engagement with local communities to grasp their expectations, needs, and the impacts of our operations, believing this is essential for mutual progress.
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Sustainability - Masan Consumer

Governance

In 2023, Masan Group formed an ESG Committee to ensure that sustainability operations in Vietnam and abroad correspond with the Group’s sustainability policies and strategies.
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Download Full ESG Report
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