In recent years, we gradually see businesses, especially big enterprises, shifting from business for profit to business for the community. As a result, CSR has also become one of the important metrics for businesses to develop sustainably, so what is CSR and why your business should implement CSR, all will be answered by GreenYellow Vietnam through this article.

What is CSR (Corporate Social Responsibility)?

CSR (corporate social responsibility) is a term to refer to the business activities of an enterprise besides business profits, must still be attached to the interests of society, demonstrate business ethics of enterprises and contribute to sustainable economic development, improving the lives of workers, local communities and society.

Currently, CSR is being integrated into the development strategy of enterprises and has become a mandatory factor for businesses to develop.

CSR Models in Vietnam (Corporate social responsibility in Vietnam)

In Vietnam, CSR is implemented by enterprises in the following forms:

• Responsibility to consumers and commodity markets
• Responsibility for general environmental protection
• Responsibility to employees of the enterprise
• Responsibility to the community and society

In particular, responsibility for the protection of natural resources and the environment is the current key CSR activity that businesses are focusing on, with a prominent trend of converting electricity use from traditional energy to using renewable power sources such as rooftop solar power.

The Importance of Corporate Social Responsibility

Increase brand value and competitive advantage

Customers and partners now pay great attention to companies doing business for the community, from the advantages of prestige, implementing CSR strategies is an important lever for businesses to improve brand value in the market.

Attract investment

The second benefit is to attract long-term investors and increase access to new capital; strengthen relationships with suppliers and business partners.

Save costs, increase revenue in the long term

Solutions to save energy and help switch from using traditional energy sources to renewable energy sources, specifically rooftop solar power, will help you and your business save costs, and optimize profits while still preserving ensure environmental indicators.

At GreenYellow, we can fully finance the design, implementation and operation of a large-scale solar project on the client premises (roof, car park, floating area..) for self-consumption usage in real-time through a Power Purchase Agreement (PPA) with an average duration of 20 years, where the Client can benefit immediately with no investment from a Discount compared to its average EVN tariff.

With 15 years of experience and presence in more than 16 countries around the world, GreenYellow is known as an expert in the field of solar power generation, the field of electricity saving and energy-saving services to help businesses towards sustainable development and meet the indicators for the CSR strategy.