Pepperl+Fuchs announced the inauguration of a new sustainable manufacturing facility in Vietnam, which has been financed with a $15 million green loan from Deutsche Bank.

The loan and associated advisory services from Deutsche Bank allowed the German industrial sensor manufacturer to meet international green building standards and establish a model for seamlessly extending its global sustainability commitments to its operations in Asia.

The facility will produce industrial sensors for factory automation technologies including sensors, signal transmission devices, and printed circuit board assemblies, significantly expanding the company’s production capacity in Vietnam.

The new manufacturing facility has obtained a LEED Gold certification, which is a green building certification programme developed by the US Green Building Council. It is a globally recognised benchmark for sustainability in real estate. Building projects earn points for addressing carbon, energy, water, waste, transportation materials, health, and indoor environmental quality to achieve corresponding levels of certification, with gold being the second-highest level.

Andreas Bouche, executive vice president of global finance at Pepperl+Fuchs said, “We are proud to begin our environmental, social, and governance (ESG) financing journey in Asia-Pacific. Four of the eight countries where we operate are in this region, and the opportunity to help set a strong standard for responsible manufacturing in these developing economies is great. Deutsche Bank has been a reliable partner on this journey. We are glad to have benefitted from their valuable advice and practical ESG expertise in Asia-Pacific.”

Deutsche Bank head of German, Austrian, and Swiss MNCs in APAC Bernd Starke said, “We are delighted to have supported Pepperl+Fuchs with the financing to support construction of this LEED Gold certified factory. By opting to strive for the highest standards in environmentally friendly, socially responsible manufacturing, Pepperl+Fuchs have made clear that they take sustainability in their worldwide operations seriously.”

In the same vein, Hyunh Buu Quang, chief country officer for Deutsche Bank in Vietnam said, “Vietnam is playing an increasingly prevalent role in global manufacturing supply chains. Together with our clients, we are proud to help bring sustainable manufacturing benchmarks that are in line with international standards to Vietnam.”

Vietnam Investment Review