Total Rewards Asia Summit 2024 Singapore
FPT Corporation's progress on its ESG initiatives for employees

FPT Corporation's progress on its ESG initiatives for employees

In creating a happy working work environment, the team's efforts span the areas of opportunities for training, DEI, wellbeing, and competitive remuneration and benefits policies.

In its commitment to sustainable development, FPT Corporation (FPT) has published its environmental, social, and governance (ESG) report, aligning with its commitment to prioritising ESG as a key aspect of its 2024 development strategy.

Highlighting its achievement of 87% positive employee feedback, ESG orientations and priorities are vital to FPT's development strategies, conveying its roles and responsibilities to key stakeholders. Its ESG commitment is reflected in four key areas: work environment, environmental sustainability, social responsibility, and excellent governance, with actions taking references from Global Reporting Initiative (GRI) Standards and the United Nations' 17 Sustainable Development Goals. 

By operating sector of FPT's workforce, the technology sector continued to play a significant role, accounting for 67.3% of the total workforce — up 18.6% over 2021. Of the remaining, 22.3% were in telecommunications, and 10.40% comprised of others. 

Building on the core values of 'respect, innovation, cohesion, equality, exemplarity, and lucidity', FPT said it is committed to creating a diverse, and inclusive workplace. As a basis, the organisation's workforce spans 73 nationalities, with women representing 37.4% of the total workforce and 36.1% of managerial roles.

In terms of opportunities for training and advancement, FPT has conducted 676,127 training sessions, amounting to VND130bn of in-house training costs and surpassing 3mn training hours. As a result, this has produced 8,712 technology certificates.

In staying competitive with its remuneration and benefits policies, FPT also provides comprehensive care for employees and their families by practicing the employee-centric orientation. Its focus centres around developing a competitive, complete remuneration policy that covers all employees and their families equally and transparently, ensuring they receive earnings commensurate with their performance and contribution to the organisation.

With this mindset, performance evaluations were conducted regularly and fairly based on the "Do more - Get more" criterion.

Along with the remuneration policies in accordance with Vietnam's laws (on social insurance, health insurance, and unemployment insurance), FPT also built different welfare regimes for employees and their relatives.

To promote physical and mental wellbeing, the team regularly organises activities to promote employee engagement and improve their spiritual health. 

Taking note of activities to improve the physical health of employees, FPT shared that it has invested in comfortable campuses and offices with numerous utilities, serving the needs of work, entertainment, study, and accommodation. This includes outdoor sports areas, gym & yoga centres, swimming pools, cinema rooms, relaxation areas, residential areas, libraries, restaurants and green spaces.

FPT also considers integrating technology into the workplace a vital strategy to enhance employee experience and create a happy work environment, especially with its employee engagement platform.

Lastly, the organisation noted that it constantly seeks employees' feedback to make timely adjustments and bring about the best working experience, via an annually conducted employee satisfaction surveys.

The Corporation and its subsidiaries also regularly organised one-on-one meetings between managers and employees, enabling better communication and further building trust and long-term commitments.

FPT Chairman Dr. Truong Gia Binh commented: “In 2023, I described FPT as a joyful sanctuary. I delineated the concept wherein FPT assumed the role of building a happier future for shareholders, customers, and employees. This depiction has begun to manifest itself into reality."

Lead image / Provided

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