Mavin secures sustainability-linked loan for swine farming chain

The loan is a clear example of the joint efforts between businesses and financial institutions in the development of green economic models.

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Mavin secures sustainability-linked loan for swine farming chain

Farm Arief Fachrudin

Vietnam’s Mavin Group and HSBC have officially signed a sustainability-linked loan (SLL) agreement to support Mavin’s swine farming business.

This marks another milestone in Mavin’s sustainability journey, following the successful SSL in 2024 for its animal feed operations.

“At Mavin Group, sustainability is not just a commitment. It is a fundamental principle shaping our future. To us, sustainability means building a company that is adaptive, resilient, and forward-thinking. It ensures that Mavin remains a thriving, future-ready business that our employees, stakeholders, and customers can take pride in,” said David John Whitehead, Mavin Chairman of the Board of Directors.

Meanwhile, Surajit Rakshit, Country Head of Global Trade Solutions at HSBC Vietnam, said: “We are delighted to partner with Mavin Group, providing them with financial solutions that support their commitment to improve energy, water, and antibiotics management. This agreement reflects HSBC’s capability in fostering sustainable business growth.”

The fact that Mavin has secured an SLL for its swine farming operations affirms that the agriculture sector – despite its complexities – can indeed access green capital with strong governance and ESG commitment.

This loan is a clear example of the joint efforts between businesses and financial institutions like HSBC in the development of green economic models, in line with Vietnam’s National Green Growth Strategy and the government’s Net Zero 2050 pledge.

Mavin’s Green-Digital-Automated transformation strategy

Under the newly signed agreement, HSBC will provide an SLL facility to support Mavin’s nationwide swine farming operations.

The funds will be invested in Mavin’s Green-Digital-Automated transformation strategy in livestock production, specifically to:

✅ Reduce greenhouse gas emissions from operations.
✅ Implement circular models and adopt renewable energy.
✅ Apply automation, digital transformation, and traceability platforms.
✅ Explore and pilot models that enhance animal welfare.

By 2027, for each unit of product, Mavin Farm aims to reduce:

✅ energy consumption by 3.7%,
✅ water usage by 7.3% and
✅ antibiotic use by 15.6% from the 2024 baseline.

These targets will be reviewed between 2025 toward 2027 by KPMG who conducted an assessment for environment and social KPIs of Mavin in 2024.

Aligned with international ESG standards

Mavin has established a comprehensive and transparent ESG data system and reporting process across its farms to improve transparency, professionalism, and alignment with international ESG standards.

This lays the foundation for mobilizing additional green capital in the future – especially within the livestock sector, which faces significant environmental and climate-related challenges.

Continuing the sustainable development journey

Mavin is currently one of the largest pig producers in Vietnam, with a sow herd capacity of 50,000 heads and an annual market supply of around 500,000 commercial pigs.

The group operates five high-tech nucleus breeding farms in Hung Yen, Nghe An, Gia Lai, and Dong Thap and maintains partnerships with over 100 satellite farms nationwide.

For more than 20 years, Mavin has remained steadfast in its commitment to sustainable agricultural development in Vietnam. The group has been a pioneer in adopting advanced technologies and automation to save energy, reduce emissions, and improve productivity.

Mavin also strives to create a happy and safe working environment for employees and actively contributes to local communities.

Sustainability-linked financing serves as a strategic enabler for Mavin to support incremental transition of Vietnam’s agriculture industry, while also creating opportunities for more businesses to engage in sustainable finance.