DFF - Mann+Hummel

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

A EUR 20m participation in an ESG-linked Schuldschein issuance by MANN+HUMMEL Holding GmbH, a leading global company in filtration technology. Under its two business units Transportation and Life Sciences & Environment, the Ludwigsburg-based Group (Germany) develops intelligent filtration and separation solutions that enable cleaner mobility, cleaner air, cleaner water, and cleaner industry.

Project ID 54492

Status Disbursing

Location

Regional

Business Sector

Manufacturing and Services

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

MANN+HUMMEL International GmbH & Co. KG
info@mann-hummel.com
+49 (7141) 98-0
+49 (7141) 98-2545
www.mann-hummel.com
Schwieberdinger Straße 126, 71636 Ludwigsburg, Germany

Project ID 54492

Status Disbursing

Location

Regional

Business Sector

Manufacturing and Services

Notice Type

Private

Environmental Category

Approval Date

16 May 2023

Disclosure date

11 Jul 2023

As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project description

Project objectives

The project will support the resilience of the local subsidiary in Ukraine, as well as capital expenditure in Poland, the Czech Republic and Bosnia & Herzegovina for the production of electric vehicle components and for energy efficiency, in line with MANN+HUMMEL's 'Carbon Zero' climate protection strategy.

Transition impact

ETI Score:61

sition impact will stem from the following qualities:

Resilient: The Project will support the needs of the Ukrainian subsidiary, ensuring the sustainability of its operations in the current unstable environment.

Green: The Project includes capital expenditure for energy efficiency at multiple of MANN+HUMMEL's production plants.

Client information

MANN AND HUMMEL HOLDING GMBH

MANN+HUMMEL is a leading global company in filtration technology. Under its two business units Transportation and Life Sciences & Environment, the Ludwigsburg-based Group (Germany) develops intelligent filtration and separation solutions that enable cleaner mobility, cleaner air, cleaner water, and cleaner industry.

EBRD Finance Summary

EUR 20,000,000.00

The project will support local subsidiaries in Ukraine, Poland, the Czech Republic and Bosnia & Herzegovina through financing working capital and capital expenditure.

Additionality

Financing Structure: EBRD offers a tenor, which is above the market average and is necessary to structure the project.

Innovative financing instrument: EBRD offers an innovative green finance instrument that integrates aspects such as climate and environmental, social and governance (ESG) standards and/or climate and ESG risk considerations into the financing structure.

Environmental & Social Summary

Category B (2019 ESP). The environmental and social risks associated with the production of automotive and industrial filters are well known to the Bank and can be managed through the application of standard industry practice. Due diligence was carried out via review of publicly available documentation issued by the client in relation to sustainability and procedures related to the compliance and the implementation of corporate standards at the site level.

The assessment determined that the client has a sophisticated risk management system in place at all levels of operations and is therefore capable of implementing the Project in line with the Bank's PRs. Current operations are aligned with the PRs. A commitment to maintaining such standards is included in the agreements put in place between the Bank and the client.

The project is considered aligned with the Paris Agreement for climate mitigation as it operates in non-energy intensive industry considering nature manufacturing operations and the scope of use of proceeds. The project is deemed not significantly exposed to physical climate risks and is considered Paris aligned for climate adaptation.

The project is aligned with MANN+HUMMEL's 'Carbon Zero' climate protection strategy through which it aims to make its operations, including those in EBRD countries of operations, CO2-neutral by 2035. The contribution is based on energy efficiency measures to be addressed at plant level and production of substantial components for vehicles with alternative propulsion systems (e.g. battery electric and fuel cell) which is considered as enabling technology for decarbonisation of the automotive sector.

Technical Cooperation and Grant Financing

None

Company Contact Information

MANN+HUMMEL International GmbH & Co. KG
info@mann-hummel.com
+49 (7141) 98-0
+49 (7141) 98-2545
www.mann-hummel.com
Schwieberdinger Straße 126, 71636 Ludwigsburg, Germany

PSD last updated

11 Jul 2023

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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DFF - Mann+Hummel

Overview

Project timeline

Company Contact Information

Project description

Project objectives

Transition impact

Client information

EBRD Finance Summary

Additionality

Environmental & Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

PSD last updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)