The 2021 Asia Corporate Excellence and Sustainability Awards, held virtually on November 19, honors companies and individuals in Asia across a variety of leadership and corporate social responsibility categories.

The Community Initiative Award is given to organizations that create development opportunities for communities through their initiatives and approaches.

Since its inauguration in 2014, the ACES Awards has grown to become one of the most prestigious recognitions in Asia, as can be seen in the list of winners, which includes some of Asia’s most renowned business leaders, corporations and brands.

In its eighth edition, the award saw 154 finalists selected from 420 nominations from 15 countries.

"As a leading consumer goods and retail corporation with a profound effect on tens of millions of consumers, Masan believes in 'Doing well by doing good'. Community initiatives play a crucial role every day in realizing our mission of uplifting the material and spiritual lives of 100 million Vietnamese consumers," said a Masan Group representative.

The Masan group considers sustainable development a strategy to make meaningful contributions to community development. Photo by Masan Group

The group focuses on achieving sustainable development norms across its production and business activities, including innovation in products and processing, human resource sustainability, environmental sustainability, corporate social responsibility and corporate governance, the rep said.

Masan's factories and member companies across the country all comply with national and local laws and regulations on the environment, implement measures to assess, monitor and protect the environment and closely coordinates with state agencies in its periodic checks and reports.

For instance, Masan Consumer Holdings has built modern wastewater treatment plants designed by a Dutch partner at its factories in Binh Duong, Hai Duong and Nghe An provinces. All wastewater treatment quality test results meet class A standards, the highest in Vietnam, and ISO 14001 standards on environmental management.

In Binh Duong, it is also a pioneer in making the wastewater treatment process transparent through the installation of an automatic wastewater monitoring system that reports directly and continuously to the province’s Department of Natural Resources and Environment.

In terms of outreach, Masan's sustainability initiatives focus on bringing value to society and contributing to the local community. It currently has the largest retail chain in the country with nearly 2,500 VinMart/VinMart+ (to be renamed WinMart/WinMart+) stores and supermarkets and a number of factories producing essential items like food, beverages, chilled meat and meat products all over Vietnam.

In both producing and retailing, the group constantly researches and kicks off trends that deliver greater convenience to customers.

A VinMart supermarket. Photo by Masan Group

Masan Group and its subsidiaries have contributed over VND270 billion ($12 million) to epidemic prevention and control, including support for the government's Covid-19 Vaccine Fund, donations of medical equipment to hospitals as well as essential products and cash to frontline forces fighting the pandemic.