Hanoi, November 26, 2024 – Lũng Lô Construction Corporation Receives ESG Rating Certificate with “A – Good” Score
Hanoi, November 26, 2024 – Lũng Lô Construction Corporation, one of the leading construction companies in Vietnam with over 35 years of establishment and growth, has received an “A – Good” rating in the ESG assessment conducted by VietESG in 2024.
This certification is granted by VietESG, adhering to global sustainable development standards such as the Global Reporting Initiative (GRI) and the Sustainable Development Goals (SDGs). VietESG’s assessment methodology, as a member of the GRI Community, ensures transparency and objectivity. The certification is valid for three years, until November 23, 2027.
Key Highlights in Lũng Lô Construction Corporation’s ESG Implementation and Transformation
Environment (E):
- ISO 14001 Certification: Achieving this certification demonstrates that the corporation has implemented an internationally recognized environmental management system, optimizing resource management and minimizing negative environmental impacts.
- Waste and Water Resource Management: Waste and water resource management activities at construction sites ensure efficient use of water resources and reduce environmental pollution. Specifically, recycling and reusing waste such as steel and plastics not only reduce waste but also optimize resources and save costs.
- Renewable Energy: Investing in renewable energy systems such as wind and solar power helps reduce dependence on fossil fuels, lowering CO2 emissions, and contributing to sustainable development goals.
Social (S):
- Occupational Safety: Safety training and education for employees enhance safety awareness and skills, reducing the risk of workplace accidents and creating a safe, reliable working environment.
- Employee Health: Monitoring and promptly addressing employee health issues protect their well-being and enhance job satisfaction and engagement with the company.
- Supplier Management: Evaluating and classifying suppliers based on quality and reputation standards ensure service and product quality, optimizing procurement processes, and reducing financial risks.
Governance (G):
- ISO 9001 and ISO 45001 Certifications: These certifications demonstrate the corporation’s commitment to maintaining the highest standards of quality management and occupational safety, thus enhancing customer trust and reputation.
- Quality Management: Conducting project acceptance according to technical guidelines and investor requirements ensures the highest quality of construction works. Thorough inspections and close coordination with stakeholders help avoid errors and risks during project implementation.
- Continuous Improvement: Implementing the 5S methodology and setting continuous improvement goals enhance work efficiency, optimize processes, and save costs. Utilizing technology and digitization in management also increases transparency and operational efficiency.
- Equipment Management: Regular maintenance and storage of equipment, especially those used for demining, ensure safety and effectiveness in construction, extending the equipment’s lifespan.
Conclusion
Lũng Lô Construction Corporation’s ESG activities have achieved positive outcomes in environmental management, ensuring employee safety and health, and maintaining quality and continuous improvement in governance. This not only enhances the company’s reputation but also contributes to sustainable development and creates long-term value for the community and the environment, aligning with sustainable development trends.
Contact:
- VietESG Co., Ltd
- Representative: Mr. Phạm Quốc Hưng
- Phone: 0969060290
- Email: quynhhoa@vietesg.com
