This push towards revamping supply chains is what brought Vivobarefoot to applying for a Green Trade Loan. HSBC has worked with Vivobarefoot since its inception in 2012 and they helped the client to finalise this facility in March 2022. The loan will help make their supply chain and manufacturing process more sustainable. The loan supports the company’s working capital, allowing them, for example, to pay sustainable suppliers in advance.
“It's fantastic that HSBC can support a business like Vivobarefoot. And the Green Trade Loan further supports Vivobarefoot to stand out from the rest of their competition, allowing their customers, their shareholders and also their employees to know that their finances are sustainable,” says Simon Addis, HSBC.
“A key requirement of the Green Trade Loan is for Vivobarefoot to report back to HSBC UK on the ESG credentials of the loan, the environmental sustainability and governance elements that enable them to provide for a healthy brand, a healthy community and healthy planet.”
Vivobarefoot’s Clark is very proud that his company is the first ever recipient of the HSBC UK Green Trade Loan.
“We’ve been working with HSBC UK Trade Finance for quite a few years now to support our working capital as we grow. Our business has doubled in size in the last two years and we plan to double in size in the next two years and that simply wouldn’t be possible without the support of the HSBC UK Green Trade Loan,” he says.
Rob King, Head of Sustainable Finance at HSBC UK says that every business has a different need when it comes to sustainability and the first step is to have a conversation with HSBC UK to understand those needs.
“To understand your specific needs, it all starts with a conversation, where we explore how we can work in partnership to help you. We can provide you with our local and international support network. We have teams in offices across the UK that can support on sustainable finance needs,” he says.