Masan High-Tech Materials recognized as a "Sustainable Business" for seven consecutive years

On November 29, 2024, Masan High-Tech Materials was honored once again as one of the Top 100 Sustainable Businesses in Vietnam (CSI 100) by VBCSD-VCCI. This marks the seventh consecutive year that the company has earned this prestigious recognition, reflecting its continuous efforts to integrate sustainable practices into every facet of its operations.

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The CSI index, updated in 2024, includes 153 criteria, divided into two categories: Core and Advanced. To be recognized, companies like Masan High-Tech Materials not only adhere to legal compliance but also actively cultivate a healthy business ecosystem that delivers long-term, sustainable value for all stakeholders.

Craig Bradshaw, CEO of Masan High-Tech Materials, shared: "I highly appreciate the 2024 updates to the CSI100 program, which now provides a more thorough and impartial assessment of sustainable businesses in this new era. This recognition motivates us to continue innovation and sustainable values, striving for a brighter future for the community and the environment”.

Closed-Loop Manufacturing: A Cornerstone to Green Growth

As a leader in high-tech materials production, Masan High-Tech Materials continuously applies modern technology and closed-loop manufacturing processes at its Nui Phao Mine and the Tungsten Advanced Processing Plant in Thai Nguyen to optimize resources and minimize environmental impact.

The company has set itself apart by pioneering the 3R model - Reduce, Reuse, and Recycle - in its operations. A total of 7.8 million cubic meters of wastewater have been recycled for production, accounting for 76.1% of total water usage. Additionally, the plant achieves a recycling rate of over 80% for its waste materials.

Moreover, Masan High-Tech Materials is focusing on developing green products used in renewable energy sectors, while optimizing energy efficiency to drive the global transition to a greener tungsten industry.

Strong Social Responsibility and Effective Corporate Governance

In parallel with its environmental efforts, Masan High-Tech Materials places significant emphasis on corporate social responsibility. As one of the largest taxpayers in Thai Nguyen, the company contributes over VND 1,000 billion annually to the national budget, and allocates USD 1 million each year to local economic, cultural, and social development projects.

The company is also dedicated to social welfare and community development, with an annual budget of VND 3-4 billion to support local infrastructure and enhance the quality of life for local people. For the second consecutive year (2023–2024), Masan High-Tech Materials has been recognized as a "Great Place to Work," highlighting its steadfast commitment to a people-centered business strategy.
The integration of ESG (Environmental, Social, and Governance) standards into its development strategy and business operations has also enhanced the company's risk management capability. The company’s governance practices are highly regarded for their objectivity and independence in evaluating internal controls and business processes.

Unwavering Commitment to Sustainability

Masan High-Tech Materials remains steadfast in its commitment to social security progress, environmental stewardship, and effective corporate governance, which are viewed as foundational to its business model. By adhering to high ESG standards, the company demonstrates a long-term vision and strong intrinsic value.

Being recognized for seven consecutive years at the CSI100 program, Masan High-Tech Materials has proven that sustainable development is not just a responsibility, but also a core value that shapes the company's identity. With its long-term vision, the company is committed to continuous innovation, striving to create lasting value for its community, the environment, and society at large.