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Local firms urged to adopt ESG principles for further growth | Business

According to Tom Galvin, director of investment fund Columbia Select Large Cap Growth, ESG principles are one of the decisive factors in making investment as good financially-governed companies also make sure of sustained business development and high responsibility. The global crisis caused by the COVID-19 pandemic and other natural disasters has emphasised the importance of how companies handle ESG issues. According to market members and securities firms, investing in ESG-related assets brings less risk and higher profit in the long term, especially when climate change issues are getting more serious. Vietnam’s partnership with other nations and economic blocs, for example the European Union-Vietnam Free Trade Agreement, has motivated

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