Mavin shakes hands with HSBC on sustainable agriculture deal

Sustainability linked loan agreement signing ceremony on July 31 in Hanoi

In line with the global trend towards green growth, Vietnam is focusing on green transformation in agriculture, including reducing emissions and fulfilling its climate change commitments. Mavin Group, a leading player in Vietnam's agri-food sector with 20 years of experience, is actively contributing to this transformation by building a modern, environmentally friendly business model.

Mavin Group aims to become a net-zero-emissions enterprise by 2050, aligning with the government’s commitment. To qualify for a sustainability-linked loan under the "Sustainability Linked Loan Agreement," Mavin not only demonstrated positive business results but also underwent a rigorous sustainability assessment by HSBC and KPMG.

The assessment reviewed Key Performance Indicators (KPIs) for sustainable development, confirming that Mavin has met its goals, including reducing energy consumption, minimising waste, and maintaining a safe working environment.

The sustainability-linked loan from HSBC will support Mavin’s working capital, particularly in payments to suppliers, thereby reinforcing its commitment to sustainable operations and further improving core sustainability indicators from its 2023 targets.

David John Whitehead, chairman of Mavin Group, commented, “Sustainable development is not just about being 'green'; it’s about integrating sustainable practices into every facet of the company’s operations. This shift underscores that sustainability is both an environmental and a business imperative, impacting profit, brand reputation, and long-term success.”

He added, “Over the past 20 years in Vietnam, Mavin Group has consistently pursued sustainable production and business practices, ensuring alignment between business interests and environmental and social benefits. This commitment is supported by all Mavin employees and is central to our long-term strategic development.”

Mavin’s commitment is evident in its actions throughout the production and supply chain, including sustainable waste management, efficient use of energy and resources, and ongoing improvement of business operations. In 2024, Mavin became the first company in its industry to issue a separate Sustainability Development Report, focusing on enhancing business efficiency, creating a positive work environment, and contributing to the community.

Mavin is also a leader in transitioning to green agriculture, applying circular economy models and regenerative agriculture in its investment projects across various provinces.

With this green loan, Mavin Group will continue its journey towards sustainable development, aiming to reduce emissions and advance towards a more sustainable future. The company believes that responsible and sustainable business practices will benefit current and future generations, contributing to a prosperous and environmentally conscious society.

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