<div><h2>Project Description</h2><p></p><p>A senior loan of up to EUR 75 million to Draexlmaier Group, an international automotive supplier headquartered in Vilsbiburg, Germany.</p><p></p><h2>Project Objectives</h2><p></p><p>The project will support the client's investments in e-mobility and general capital expenditure in Romania, North Macedonia and Moldova.</p><p></p><h2>Transition Impact</h2><p>ETI score: 63</p><p style="margin-top: -13px;"></p><p>The expected transition impact of the project stems from the following qualities:</p><p><strong>Green:</strong> The project supports the expansion of production capacity in Romania for high-voltage harnesses and battery systems for electric vehicles.</p><p><strong>Inclusive:</strong> The client will broaden access to market relevant skills by introducing new training programmes on emerging technical skills and new apprenticeship programmes in collaboration with local universities.</p><p></p><h2>Client Information</h2><p>FRITZ DRAXLMAIER GMBH AND CO KG</p><p style="margin-top: -13px;"></p><p>Draexlmaier Group is an international automotive supplier with about 65 sites in over 20 countries and a strong footprint in the EBRD region. It supplies leading automobile manufacturers worldwide with complex wiring harness systems, central electrical and electronic components, interiors, and battery systems for electromobility. In 2023, the company generated sales of EUR 5.6 billion and employed about 75,000 employees throughout the world.</p><p></p><h2>EBRD Finance Summary</h2><p>										EUR 75,000,000.00									</p><h2>Additionality</h2><p></p><p>Financing structure: The tenor of EBRD's loan is longer than what is readily available in the market from commercial lenders.</p><p>Risk mitigation: The long-term relationship with the Bank provides the client with comfort to grow its investments and take on more risk in countries like Moldova or North-Macedonia.</p><p>Gender SMART: The client will launch an outreach campaign to attract and support female talents in STEM fields.</p><p></p><h2>Environmental and Social Summary</h2><p></p><p>Category B (2019 ESP). The client is well known to the Bank including through previous subscriptions to Schuldschein issuances, one of which an ESG related instrument. The client has published public Sustainability Reports for several years, providing clear information on policies, procedures and performance at the corporate level on EHSS issues. As this is a bi-lateral loan between the Bank and client, there was an opportunity to become involved in more detailed due diligence, including a series of discussions with client management on the practical implementation of corporate standards across the portfolio of operations; the flows of performance information within the corporate structure, and the assurance and corrective procedures within the corporate structure; and the reporting requirements required at the site and corporate levels in response to changing legislation.</p><p>Due diligence confirmed that the client has an effective and sophisticated EHSS risk management system where performance is monitored at site, regional and corporate level and corrective actions, where required, are managed appropriately through to close. The client management systems and operations are in compliance with the Bank's Performance Requirements and no Environmental and Social Action Plan is required for this transaction. Due diligence also reviewed the client's supply chain risk management systems in light of recent German legislation in this regard. It was found that the client is in compliance with this regulation with assessment and reporting systems being in place throughout their countries of operation, and with independent review of suppliers risks and performance where appropriate.</p><p></p><h2>Technical Cooperation and Grant Financing</h2><p></p><p>n/a</p><p></p><h2>Company Contact Information</h2><p>Christian Anzinger, Group Treasurer<br/>christian.anzinger@draexlmaier.com<br/>+49 8741 47- 0<br/>https://www.draexlmaier.com/en/<br/></p><h2>PSD last updated</h2><p>17 Apr 2024</p><div id="docsLinks" style="display:none"><h2>Related material</h2><ul class="relMat"></ul></div><script type="text/javascript">						var projFinderService = '/project-finder-json?1=1';						var projectId = "54653";					</script><h2>	Understanding Transition</h2><p>	Further information regarding the EBRD’s approach to measuring transition impact is available <a href="https://www.ebrd.com/what-we-do/economic-research-and-data/transition-impact.html">here</a>.</p><h2>	Business opportunities</h2><p>	For business opportunities or procurement, contact the client company.</p><p>	For business opportunities with EBRD (not related to procurement) contact:</p><p>	Tel: +44 20 7338 7168<br/>	Email: <a href="mailto:projectenquiries@ebrd.com">projectenquiries@ebrd.com</a></p><p>	For state-sector projects, visit <a href="https://www.ebrd.com/pages/workingwithus/procurement.shtml">EBRD Procurement</a>:<br/><br/>	Tel: +44 20 7338 6794<br/>	Email: <a href="mailto:procurement@ebrd.com">procurement@ebrd.com</a></p><h2>	General enquiries</h2><p>	Specific enquiries can be made using the <a href="https://www.ebrd.com/eform/information-request">EBRD Enquiries form</a>.</p><h2>	Environmental and Social Policy (ESP)</h2><p>	The <a href="https://www.ebrd.com/news/publications/policies/environmental-and-social-policy-esp.html">ESP</a> and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social 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 additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.</p><p>	More information on the EBRD’s practices in this regard is set out in the <a href="https://www.ebrd.com/news/publications/policies/environmental-and-social-policy-esp.html">ESP</a>.</p><h2>	Integrity and Compliance</h2><p>	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 activities of the Bank 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 Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.</p><p>	OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to <a href="mailto:compliance@ebrd.com">compliance@ebrd.com</a>. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. 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.</p><h2>	Access to Information Policy (AIP)</h2><p>	The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the <a href="https://www.ebrd.com/what-we-do/strategies-and-policies/public-information-policy.html">Access to Information Policy</a> page to find out what information is available from the EBRD website.</p><p>	Specific requests for information can be made using the <a href="https://www.ebrd.com/eform/information-request">EBRD Enquiries form</a>.</p><h2>	Independent Project Accountability Mechanism (IPAM)</h2><p>	If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. 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).</p><p>	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 <a href="https://www.ebrd.com/news/publications/policies/environmental-and-social-policy-esp.html">Environmental and Social Policy</a> or Project-specific provisions of its <a href="https://www.ebrd.com/what-we-do/strategies-and-policies/access-to-information-policy.html">Access to Information Policy</a>; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.</p><p>	Please visit the <a href="https://www.ebrd.com/project-finance/independent-project-accountability-mechanism.html">Independent Project Accountability Mechanism webpage</a> to find out more about IPAM and its mandate; how to <a href="https://www.ebrd.com/eform/IPAM/Request_form">submit a Request</a> for review; or contact IPAM  via email <a href="mailto:ipam@ebrd.com">ipam@ebrd.com</a> to get guidance and more information on IPAM and how to submit a request.</p><p>	 </p></div>

Draexlmaier E-Mobility II

A senior loan of up to EUR 75 million to Draexlmaier Group, an international automotive supplier headquartered in Vilsbiburg, Germany.The project will support the client's investments in e-mobility and general capital expenditure in Romania, North Macedonia and Moldova.ETI score: 63The expected transition impact of the project stems from the following qualities: The project supports the expansion of production capacity in Romania for high-voltage harnesses and battery systems for electric vehicles. The client will broaden access to market relevant skills by introducing new training programmes on emerging technical skills and new apprenticeship programmes in collaboration with local universities.FRITZ DRAXLMAIER GMBH AND CO KGDraexlmaier Group is an international automotive supplier with about 65 sites in over 20 countries and a strong footprint in the EBRD region. It supplies leading automobile manufacturers worldwide with complex wiring harness systems, central electrical and electronic components, interiors, and battery systems for electromobility. In 2023, the company generated sales of EUR 5.6 billion and employed about 75,000 employees throughout the world.EUR 75,000,000.00Financing structure: The tenor of EBRD's loan is longer than what is readily available in the market from commercial lenders.Risk mitigation: The long-term relationship with the Bank provides the client with comfort to grow its investments and take on more risk in countries like Moldova or North-Macedonia.Gender SMART: The client will launch an outreach campaign to attract and support female talents in STEM fields.Category B 2019 ESP. The client is well known to the Bank including through previous subscriptions to Schuldschein issuances, one of which an ESG related instrument. The client has published public Sustainability Reports for several years, providing clear information on policies, procedures and performance at the corporate level on EHSS issues. As this is a bi-lateral loan between the Bank and client, there was an opportunity to become involved in more detailed due diligence, including a series of discussions with client management on the practical implementation of corporate standards across the portfolio of operations; the flows of performance information within the corporate structure, and the assurance and corrective procedures within the corporate structure; and the reporting requirements required at the site and corporate levels in response to changing legislation.Due diligence confirmed that the client has an effective and sophisticated EHSS risk management system where performance is monitored at site, regional and corporate level and corrective actions, where required, are managed appropriately through to close. The client management systems and operations are in compliance with the Bank's Performance Requirements and no Environmental and Social Action Plan is required for this transaction. Due diligence also reviewed the client's supply chain risk management systems in light of recent German legislation in this regard. It was found that the client is in compliance with this regulation with assessment and reporting systems being in place throughout their countries of operation, and with independent review of suppliers risks and performance where appropriate.naChristian Anzinger, Group Treasurerchristian.anzingerdraexlmaier.com+49 8741 47- 0https:www.draexlmaier.comen17 Apr 2024Further information regarding the EBRD's approach to measuring transition impact is available here.For business opportunities or procurement, contact the client company.For business opportunities with EBRD not related to procurement contact:Tel: +44 20 7338 7168Email: projectenquiriesebrd.comFor state-sector projects, visit EBRD Procurement:Tel: +44 20 7338 6794Email: procurementebrd.comSpecific enquiries can be made using the EBRD Enquiries form.The ESP and the associated Performance Requirements PRs set out the ways in which the EBRD implements its commitment to promoting "environmentally sound and sustainable development".  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders' concerns and grievances, in particular, about environmental and social 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 additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from 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.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 activities of the Bank 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 Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to complianceebrd.com. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. 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.The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. 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.If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful e.g. 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 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; how to submit a Request for review; or contact IPAM  via email ipamebrd.com to get guidance and more information on IPAM and how to submit a request.

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