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Sustainable Development

CORPORATE GOVERNANCE Towards Sustainable Development

Recognizing the importance of Corporate Governance, Bao Long always reviews and adjusts business models and strategies on the basis of compliance with Vietnamese laws and approaches to international standards to consolidate the operational machine and ensure transparency in management, administration, decentralization, authorization and principles of inspection and control, thereby business performance is improved.

BUILDING Sustainable relationship with stakeholders

WITH AUTHORITY BODIES AND GOVERNMENT

At Bao Long, we control the compliance system through the implementation and design of compliance control mechanism and plan.

Bao Long is committed to following the law at all times. With this philosophy, Bao Long ensures that the State's regulations are followed while also creating chances for interaction and cooperation between Bao Long and agencies committed to long term development. Bao Long has been and will continue to update information and provide comments through the Insurance Association; appointing officers and staff to participate in specialized seminars on insurance, seminars related to the dissemination of amendments and supplements to the State's insurance policies and laws, etc. to enhance exchanges and such as giving practical suggestions and supporting the development of Bao Long in particular and the insurance industry in general.

WITH SHAREHOLDERS AND INVESTORS

Prestige guarantee maximum value and benefits, and Bao Long continued to build relationships with shareholders and investors based on trust.

In 2022, Bao Long continues to focus on developing a prestigious brand while also fostering long-term confidence among investors and shareholders:

  • INCREASED PROPERTY VALUE THROUGH EFFECTIVE DEVELOPMENT

    Implemented good corporate governance to enhance business efficiency.

    Preserved and increased value of assets, including tangible assets and intangible assets of the Company, thereby increasing value of shareholders.

  • CREATING COMMUNICATION CHANNELS AND ENGAGING IN DIALOGUE

    Establish and maintain efficient information channels for Investors and Shareholders. Improve open and ongoing communication channels with stakeholders in order to effectively and timely communicatestrategies that benefit investors and shareholders.

  • FINANCIAL DATA TRANSPARENCY

    Financial data transparency and company performance transparency generate accurate information sources for investors and shareholdersinterested in Bao Long. Increase shareholder value and benefits.

WITH CLIENTS

Bao Long continues to improve to provide the best service to customers with the motto "accompanying, co-sharing".

Through a broad and extensive distribution system such as bancassurance, brokerage, and mobile assurance..., Bao Long is devoted to providing consumers with acceptable products and swift and timely services. Especially fast and accurate compensation service. In addition, Bao Long's customer service network is constantly being upgraded, with a 24-hour support switchboard. After a loss, services in the insurance industry must act quickly to ensure that customers get the most benefit. Bao Long has completed the construction of the vertical inspection system and put it into use. In addition, Bao Long constantly reviews and improves the assessment and compensation process in a timely and effective manner to eliminate administrative procedures and meet the increasing demands of customers.

WITH EMPLOYEES

“Bao Long's effective contribution to business results, "Human is a priceless asset".

For Bao Long, “Humans are invaluable assets”. Bao Long always makes constant efforts to build a united and competitive working environment so that officers and employees can promote their full potential and effectively contribute to Bao Long's business results. Bao Long is committed to ensuring that the salary, bonus and welfare policies for employees are fully implemented in accordance with the provisions of the Labor Law and other regulations of the state.

CORPORATE ENVIRONMENTAL RESPONSIBILITY

Nhằm góp phần bảo vệ môi trường xanh sạch, trong quá trình hoạt động, Bảo Long luôn quan tâm đến công tác quản lý vận hành tòa nhà, quản lý môi trường không khí xung quanh, nhằm tạo không gian làm việc hoàn hảo cho nhân viên và cam kết chung tay với cộng đồng để xây dựng một môi trường xanh sạch, an toàn và bền vững.

ENERGY SAVING

Special emphasis is always made to energy issues and energy conservation. Bao Long practices energy and water conservation by employing smart electrical equipment that uses less energy and emits fewer pollutants.

SOLUTION THAT USES LESS ENERGY

  • Machine and equipment routine maintenance.
  • Keep the temperature in the air-conditioned environment between 25-270C to avoid temperature difference, etc.
  • After 5 p.m., turn off all HVAC systems.
  • Use energy-efficient lighting technologies instead inefficient lighting systems (incandescent bulbs, fluorescent lamps with ferromagnetic ballasts, etc.). (energy-saving compact light bulbs, electronic ballasts...)
  • Automatic on/off control outdoor lighting equipment (from time to time, according to the brightness of the environment...)

SOLID WASTE

Employees' workplace activities generate the majority of solid waste. Damaged printing paper, out-of-ink pens, cardboard and fruit peels... are all examples of solid waste components.

METHOD OF PROCESSING

  • Garbage cans are located on each floor of the building.
  • The Company's cleaning crew cleans each room every day and sweeps the corridors, parking lots, and surrounding area.
  • At the end of the day, the cleaning crew will collect all garbage from the trash cans on the floors and transport it to the garbage can in front of the business.

ENVIRONMENTALLY FRIENDLY SOLUTIONS

  • Raising staff awareness of the importance of printing documents in order to reduce paper use.
  • Reuse stationery resulting from resource exploitation such as printing references on single-sided paper, using discarded plastic pens and office supplies, etc.

EMISSIONS

The following sources of gaseous emissions are the most common:

  • Vehicle entry and exit for visitors.
  • Traffic vehicles...
  • The Company's employees' health will be harmed when air pollution levels rise.

TECHNICAL PROCESSES AND MEASUREMENTS

  • Keep dust at bay by using potted plants.
  • When entering the Company, turn off the engine.
  • Assist customers arriving at Bao Long with parking.
  • Clean the Company's building area at least once a day.
  • Install ventilation fans in the building's basement parking lot.

ENVIRONMENTALLY FRIENDLY SOLUTIONS

To protect the health of staff, Bao Long always plants reasonable trees in the office.

UTILIZING INFORMATION TECHNOLOGIES AND SOCIAL MEDIA

Units throughout the system can update documents and policies from Bao Long using online document management software. This saves money on both printing and postage to reduce travel costs, more videoconferences and advanced technology techniques are being used to schedule meetings amongst system components.