Mavin Group, a leading player in Vietnam’s Agri-Food sector, has signed a “Sustainability Linked Loan Agreement,” with HSBC Vietnam for advancing its green transformation by adopting a modern, environmentally friendly business model.
To qualify for this loan, Mavin navigated HSBC’s sustainable credit management process, which included a review by KPMG. Mavin also set specific goals within its green and sustainable development strategy.
The sustainability-linked loan from HSBC will fund Mavin’s working capital for supplier payments, support its ongoing sustainable operations, and help improve core sustainability indicators relative to its 2023 targets, further solidifying its commitment to future sustainable development.
David John Whitehead, Chairman of Mavin Group, said, “Sustainable development is no longer just about being ‘green’; it is about integrating sustainable practices into every aspect of the company’s operations and characteristics. This shift reflects a growing awareness that sustainability is not only an environmental issue but also a business imperative related to profit, brand reputation, and long-term success. Over the past 20 years in Vietnam, Mavin Group has remained steadfast in its goal of sustainable production and business, ensuring that business interests align with environmental and social benefits.”
He said that the commitment to sustainable development has the unanimous support of Mavin’s employees and is emphasised in the Group’s long-term strategic development strategy. “This commitment is reflected in Mavin’s specific actions throughout the production and supply chain, such as sustainable waste management, efficient use of energy and resources, and continuous monitoring and improvement of business operations,” Whitehead said.