Viet Nam has to mobilize resources to ensure that both the public and the private sectors have the ambition and capacity to implement accelerated climate action at scale. However, the lack of transparency and climate-related data from companies has discouraged not only governments, but also investors who are interested in climate-friendly investments. As Viet Nam faces pressure for emissions mitigation and threats of increasing number and severity of extreme weather events, it is urgent that companies better understand climate change and its implications on their businesses to serve both themselves and the nation towards sustainable development goals.

The United Nations Development Programme (UNDP) has long been accompanying Viet Nam on the path to sustainable development. Since May 2019, UNDP, with the collaboration of the Viet Nam Ministry of Planning and Investment (MPI), has introduced the Climate Business Index – a national disclosure and assessment system for the enterprise community in Vietnam. Because in climate change, we not only see challenges, we also see opportunities.