ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) REPORTING: A FOUNDATION FOR SUSTAINABLE BUSINESS MODEL TRANSFORMATION IN ENTERPRISES

Abstract

To achieve sustainable development goals, the transition from traditional to sustainable business models integrating environmental, social, and governance (ESG) factors has become a growing priority for both governments and enterprises. Although Viet Nam adopted Decision No. 167 (2022) to promote green growth and sustainable development, effective ESG reporting requires enterprises to clearly understand the benefits and implementation pathways of ESG-integrated business transformation. This study examines the benefits and implementation conditions of ESG, using sustainability reporting practices of Vinamilk and the Viettel Group as illustrative cases to provide practical insights into the roadmap for ESG-integrated sustainable business transformation.