Home Credit Vietnam wins Global CSR & ESG Leadership Award 2023

The Global CSR & ESG Summit & Awards, which was hosted on August 29 at the Novotel Danang Premier Han River Vietnam, has been a global recognition program for 15 years, searching for high-potential organizations in sustainable development.

Pham Thi Bich Lien, Head of Marketing Operations and Sustainability at Home Credit Vietnam, shared insights into the company’s strategy of green finance and empowering consumers to build a sustainable future at the award ceremony.

"At Home Credit, we are committed to improving access to inclusive financial services, particularly for the low-income market, the unbanked, and the underbanked. We recognize the importance of ensuring that all individuals, regardless of their socio-economic background, have access to affordable and responsible financial services."

Digitalization represents an essential opportunity for Home Credit in terms of expanding financial inclusion and improving financial literacy. Its mobile application not only facilitates convenient access to consumer financial services, but also serves as a platform for disseminating financial knowledge.

It enables customers to gain a better understanding of financial matters, allowing them to utilize financial services responsibly and safely. This, in turn, helps to achieve the ultimate objective of promoting sustainable development.

In particular, Home Credit has introduced the Home PayLater platform, aimed at enabling users to access services instantly without lengthy procedures or credit disclosures.

Home PayLater appeals to customers with no downpayments, no interest, no contract fees, no installment conversion fees, and no early repayment charges.

Another compelling feature is that consumers may complete the full registration process online, receive results within five minutes, and, most importantly, have the choice to choose payment terms ranging from 1, 3, 6 or 12 months, which match their personal spending plans.

All of these efforts aim at offering consumers simple access to financial solutions and smart shopping, allowing them to create their own sustainable future.

Pham Thi Bich Lien shared insights on leveraging green finance to empower consumers. Photo courtesy of Home Credit

This year’s edition of the Global CSR & ESG Summit & Awards chose the thought-provoking and pragmatic theme of Driving Transformational Change Beyond Greenwashing, underscoring the shift from conventional thinking to substantial sustainability transformation.

The event gathered hundreds of C-level executives, sustainability experts, and renowned speakers from various fields. The purpose was to facilitate knowledge sharing, engage in meaningful discussion, and share initiatives focused on environmental preservation, transparent supply chains, and socially responsible actions.

The focus was on moving away from greenwashing tactics often employed for PR purposes and embracing genuine actions that benefit both businesses and society.

Home Credit Vietnam representatives received the award. Photo courtesy of Home Credit

Home Credit Vietnam surpassed more than 500 businesses nominated globally for the CSR and ESG category by fulfilling the award's rigorous requirements.

The company has been a trailblazer in the fields of environmental protection, community support, promoting education, empowering women, creating a diverse, equitable, and inclusive working environment, providing advanced products to the market, owning an effective ESG monitoring and reporting system, and developing an organizational structure and business strategy to achieve long-term sustainable development goals.

Sustainable development goals are integrated into the operations of all departments within the company and are demonstrated by sound financial performance as well as transparency in information disclosure.

Having served more than 15 million customers nationwide over the past 15 years, Home Credit has strong commitments to promoting financial inclusion and financial empowerment through responsible lending, adoption, and the provision of groundbreaking and innovative financial products.