COTECCONS CONTINUES TO BE HONORED IN THE SUSTAINABILITY PRACTICES INDEX RANKING

November 9, 2023

For many years, Coteccons has focused comprehensively on activities aimed at stable development, building a long-term future not only for the company’s employees but also for the community, including partners, suppliers, and subcontractors… At Coteccons, special attention is given to vulnerable workers, particularly construction workers.

With relentless efforts towards sustainable development, on November 1, 2023, Coteccons was once again honored in the Vietnam Sustainability Index ranking assessed by the Ho Chi Minh Stock Exchange (HOSE). The VNSI is a measure and recognition of Coteccons’ commitment to placing people at the center of business activities in alignment with ESG (Environmental, Social, Governance) goals.

The Vietnam Sustainability Index – VNSI is a price index that includes the top 20 VN100 stocks with the best sustainability performance, filtered through the following conditions:

+ Being a component of VN100 (meeting stock eligibility, liquidity, free float, and market capitalization requirements)

+ Not belonging to industries listed as non-sustainable according to the HOSE-Index – Vietnam Sustainability Index rules

+ Achieving the highest sustainability assessment results conducted by HOSE.

In 2023, Coteccons’ overall governance score increased to 79%, higher than in 2022 (77%) and the industry average (62%) and VN100 average (65%), including:

The company has effectively implemented shareholder rights and ensured stakeholder roles.
Provided transparent, accurate, and timely information.
Demonstrated board responsibility regarding independence, diversity, and concurrent roles.
Established an effective internal control system and risk management framework.

When each Coteccons employee views creating a positive impact on society as an essential part of their role, there is no greater recognition than that from the community and society, which further motivates every Coteccons member to strive for greater values in the construction industry.

At Coteccons, we are committed to continuing to develop and promote sustainable development directions in all aspects to create a fair, diverse, and inclusive environment – the key to building a strong and sustainable construction industry.

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