Refer to the 2025 Report: ESG Practices in Vietnam – Data and Current Situation at: https://baocaoesg2025.mcg.com.vn/](https://baocaoesg2025.mcg.com.vn/

Assessment of the quality of esg information disclosure in vietnamese enterprises

ESG INSIGHT 2026

Research Report Series
Continuing the annual research insights, the ESG Insight 2026 report series conducted by MCG Management Consulting has been officially launched, providing perspectives based on empirical data and in-depth analysis of ESG practices in Vietnam.

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CONTEXT & RESEARCH METHODOLOGY

Context
The year 2025 marks a significant shift in the sustainable development landscape of Vietnamese enterprises. New requirements from export markets, rising expectations from investors, and pressure to upgrade the stock market classification have created a clear wave of change in how companies approach and implement ESG. Sustainable development is no longer just a communication message; it has become a requirement for governance capability, transparency, and long-term competitiveness.
Research Methodology and Objectives

The study compiles secondary data from Sustainability Reports and Annual Reports of 261 companies in the VNX Allshare basket – representing large-scale enterprises and leaders in ESG disclosure in Vietnam. Based on this, the research team conducted content analysis and scored the maturity level of ESG disclosure to assess:
     1. The completeness and depth of information
   2. The level of quantification and measurability of ESG data
     3. The consistency between ESG “narrative” – strategy – indicators
    4. The usefulness of information for investors and stakeholders
Continuing the annual research efforts, the ESG Insight 2026 report series conducted by MCG Management Consulting has been officially launched, providing perspectives based on empirical data and in-depth analysis of ESG practices in Vietnam.
Accordingly, the report not only reflects the current state of ESG disclosure but also highlights the readiness of Vietnamese enterprises in meeting emerging standards of transparency and sustainable finance.. 

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03 Key Questions
answered

The report series focuses on addressing three core questions:

What is the current quality of ESG information disclosure among Vietnamese enterprises?

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How is ESG being governed and implemented within organizations?

Is ESG data reliable enough to support financial and investment decisions?

76%

Key Findings in

 use GRI as a reporting framework.

INSIGHT 1:
Identifying the Current State and Quality of Disclosure

The most widely used standard is GRI
How companies present their reports
Some pioneering companies are shifting from “describing activities” to “reporting ESG performance results” by increasing the use of data and enhancing transparency.
Recommendations / implications:
To align reporting with international practices, Vietnamese enterprises need to strengthen their systems by:
       (i) improving data collection and measurement
       (ii) standardizing reporting methods and scope
       (iii) linking ESG outcomes with business strategy
       (iv) expanding third-party assurance/verification

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Companies

In the process of improving reporting quality and ESG practices.
Investors and financial institutions
For assessing sustainability risks and opportunities.
Regulators and capital markets

For reviewing and shaping policy directions.

Who is this report for?

INSIGHT  1 provides a quantitative picture of how Vietnamese companies are disclosing ESG information: (i) which frameworks they are using, (ii) how the information is presented, (iii) the extent to which the data is “sufficient” and “decision-useful,” and (iv) common gaps that prevent reports from effectively supporting risk–opportunity assessment and decision-making.
However, most companies still present ESG information in a fragmented way, lacking quantitative data, consistency, and linkage to business strategy. This makes it difficult for readers to compare and analyze information for decision-making.
OF ENTERPRISES
GRI is the most widely applied framework in Annual Reports and Sustainability Reports when referencing ESG.
Key Findings from Corporate Governance in Annual Reports (261 companies)
Assessments of board performance are virtually nonexistent - this is the largest institutional gap, as the lack of oversight effectiveness metrics prevents companies from making systematic improvements.

27%

align their corporate governance practices with a set of governance principles or rules

91%

disclose the number of board meetings recorded as “mentioned” but not “fully documented.”
OF COMPANIES
OF COMPANIES

36%

Key findings in

INSIGHT 2:
ESG - From “Slogan” to “Governance Capability”

A group of 42 companies with separate sustainability reports 
Has ESG been established as a functional governance system (data – processes – integration)? 
At which stage of the maturity chain is the company currently stuck: Foundation – System – Mechanism?

If improvements are needed, what should the company do in the short term (over the next 6–12–24 months) to move from “talking the talk” to “walking the walk and proving it”?

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Insight 02 is designed as an in-depth practical guide for Boards of Directors, Executive Management, Audit Committees/Internal Audit, Risk Management/Compliance teams, and businesses that are implementing or upgrading their ESG governance in a systematic, operationally sound, and verifiable manner. 
of companies
Identifying and Managing ESG Risks 
ESG-Related Board Structure
ESG Committee or Equivalent Body
The report focuses on answering three questions
achieve a "COMPREHENSIVE" level - with clear metrics and detailed breakdowns
The data platform is the system’s bottleneck. The ESG data management system is only “comprehensive” in 8 out of 42 companies (19.0%), while 59.5% are at the “developing” stage. IFRS S1 requires “metrics and targets” that demand data that is traceable and verifiable.
Incorporate climate risk considerations into credit assessments; Develop green credit products
Bank

Short-term actions (6–12 months)

Medium-term actions (1–3 years)

Develop a climate risk assessment system for the portfolio; Conduct climate stress testing

19%

Key Findings in

reconcile the information in the Sustainability Report with the Financial Statements

INSIGHT 3:
Data-Driven Financial Decision-Making

The core gap lies in the connectivity structure
Climate disclosure is entering a new phase.
Developing a sustainability-financial statement reconciliation table, classifying climate-related CAPEX and OPEX, and enhancing the CFO’s role in climate disclosure are concrete, feasible steps that deliver immediate value
Conclusion
Ultimately, the question is no longer “Does the company disclose climate information?” but rather: “Can the company translate climate information into a language that the capital markets understand and trust?”

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INSIGHT 3 serves as an applied research document for CFOs, finance teams, banks, and investors, focusing on addressing a key question: Is climate-related information sufficiently integrated with risk, strategy, and financial reporting to support capital decisions? 
IFRS S1/S2 should be viewed as a “common language” that helps translate ESG commitments into financial information that the capital markets can understand and price.
BUSINESSES
Although the survey shows that companies do not lack ESG data: 55–70% report on electricity, water, and carbon reduction measures; 28.7% have conducted a carbon inventory; and 53.6% mention sustainability-related costs
Develop a reconciliation table for sustainable development and financial statements; classify CAPEX/OPEX by climate
CFO/Finance

Short-term actions (6–12 months)

Medium-term actions (1–3 years)

Incorporating climate assumptions into budgeting; Establishing internal controls for ESG data
Action Agenda
Issue reconciliation templates and sample reports
Regulatory Authority

Short-term actions (6–12 months)

Medium-term actions (1–3 years)

Develop an IFRS S1/S2 roadmap; Develop a green taxonomy
Apply the 5 questions on connected information when reading the Sustainability Report
Investor

Short-term actions (6–12 months)

Medium-term actions (1–3 years)

Develop a forward-looking assessment framework based on climate resilience
- Đánh giá rủi ro và cơ hội liên quan đến khí hậu tại doanh nghiệp Việt Nam
- Kết nối thông tin báo cáo phát triển bền vững và báo cáo tài chính
- Đưa ESG vào dòng chảy ra quyết định và thành yếu tố cốt lõi trong quản trị rủi ro
Insight 3 là "kim chỉ nam" để
“Thông tin ESG đã đủ tin cậy để trở thành đầu vào cho quyết định tài chính của doanh nghiệp chưa?”
Insight 3 trả lời câu hỏi
Nghiên cứu chuyên sâu, dành cho Giám đốc tài chính, bộ phận tài chính – kế toán, tổ chức tín dụng, ngân hàng và nhà đầu tư.
Insight này dành cho ai?"

INSIGHT 3:
ESG - Dữ liệu ra quyết định tài chính

TẠI ĐÂY

Đăng ký nhận thông tin tải
Ngày công bố (Dự kiến): 22/04/2026

ĐÓN ĐỌC BÁO CÁO TIẾP THEO TRONG
ESG INSIGHTS 2026

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MCG Group publishes this Report in both Vietnamese and English. Please select the version that best suits your research and professional needs!

Download the full report now to explore the trends, statistics, and actionable insights in detail!

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For Insight 2 and Insight 3, you will receive download instructions as soon as possible

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Bringing together professionals actively working in the field and those interested in ESG.
Professional Gathering
MCG officially launched its ESG Insight 2026 - Insight 1 report, sharing key data
Report Release
An open dialogue among experts, managers, investors, and corporate ESG implementation teams.
A space for connection
Stay updated on the latest perspectives, share experiences, and engage in in-depth discussions about the future of ESG in Vietnam over the coming year.
Hybrid Format
As we enter 2026, the ESG landscape in Vietnam is rapidly evolving under the influence of new reporting standards, demands from capital markets, and pressure for green transition within the global supply chain. Against this backdrop, the ESG Briefing – Spring Kickoff is being organized for the community of professionals actively working in and interested in ESG.

ESG Research Briefing - Unlocking the 2026 Perspective

Unlocking the 2026 Outlook

The current level of maturity, common gaps in data and governance, and the risks associated with ESG not being integrated into decision-making systems.

Analysis of international trends, investor expectations, and the direct impacts on Vietnamese businesses in the coming period.

What must businesses do to improve the completeness, consistency, comparability, and critically the decision-making value of ESG information? Practical action steps for standardizing data and strengthening governance systems.

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Time

9:00–11:00 AM on March 7, 2026

Zoom Meeting Link

The link will be sent to the email address you provided when you registered

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The Current State of ESG Disclosure in Vietnam

IFRS S1/S2 – Why Are They Becoming the New Standard in Capital Markets?

From “Reporting” to “Governance”

ESG Research Briefing

Format

Hybrid 
Online via Zoom Meeting;
In-person at 155 Huỳnh Thúc Kháng

Contact Information:

Ms. Thuy Duong - 0976 080 201
Ms. Anh Duong - 0915 906 825

Who is this program for?

Sign up now

Communications / Public Relations

Develop frameworks, messaging, and enhance the quality of disclosures to investors and the market.

Finance / Accounting / Audit Team

Handle data, disclosures, annual reports, and sustainability initiatives.

ESG / EHS / Sustainability / Risk Management / Internal Audit Team

Responsible for designing, operating, and monitoring the company’s ESG systems.

Auditors, consultants, instructors, researchers, and students in related fields

Seeking to stay updated on IFRS S1/S2 and sustainability reporting trends shaping new standards.

Board of Directors / Executive Management / Strategic Planning Committee:

Use ESG information to manage risks, enhance transparency, and guide long-term strategic direction.

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MCG & THE SUSTAINABLE DEVELOPMENT CONSULTING ECOSYSTEM

MCG Group (MCG) is a leading management consulting firm in Vietnam, with over 20 years of experience supporting businesses on their journey toward restructuring, enhancing organizational capabilities, and achieving sustainable development.
As ESG and sustainable development become strategic priorities for businesses, MCG provides solutions to help organizations enhance operational and governance efficiency, build internal human capital, and leverage technology to automate and streamline processes.
MCG currently operates a comprehensive consulting ecosystem, including:
MCG Management Consulting
A consulting unit that supports businesses in assessing current operational status, setting future development goals, and planning the necessary capabilities for building management systems and developing human resources to help businesses achieve their objectives.
MCG Talent Gene
A training unit specializing in organizational and leadership development, serving as a trusted partner for many large enterprises in implementing internal training programs, developing management skills, and driving organizational culture transformation.
MCG IT Solutions Consulting
A provider of digital transformation solutions in the fields of human resources and management, developing software platforms to automate processes, enhance transparency, and improve operational efficiency. 

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Insight 3 (Tiếng Việt)

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