The main gate of VinFast's manufacturing plant in the northern city of Hai Phong. — Photo courtesy of the company

VinFast, Vietnam's first global electric vehicle (EV) manufacturer, has announced that it has received a Corporate Environmental, Social and Governance (ESG) Assessment from Morningstar Sustainalytics, a globally recognised ESG research, ratings and data firm.

VinFast received an overall Corporate ESG Assessment score of 23.3, the top ESG rating (i.e., lowest potential risk) compared with other pure EV companies.

Sustainalytics performed a broad-based Corporate ESG Assessment of VinFast covering seven distinct ESG categories: carbon – product and services; human capital; product governance; business ethics; carbon-own operations; human rights – supply chain; and corporate governance. As of July 2022, VinFast received an overall Corporate ESG Assessment score of 23.3, which places the Company in the “medium risk category” and in the top ten (9th ranked out of 70) of automobile companies, among companies assessed by Morningstar Sustainalytics.

Morningstar Sustainalytics is a leading ESG research, ratings and data firm that works with hundreds of the world’s leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. — VNS