MASHINIi

MBB SE.

MBB.XETRA | Activities of holding companies

MBB SE is a Germany-based investment company that focuses on acquiring and developing medium-sized industrial companies. It typically invests in businesses with strong growth potential and operational improvement opportunities. MBB SE provides these companies with capital, strategic guidance, and op...Show More

Ethical Profile

Mixed.

MBB SE receives a mixed ethical rating, largely due to a "Severe" ESG Risk Rating of 51.8 from Sustainalytics. This places the German holding company 121st out of 129 industrial conglomerates, suggesting significant exposure to environmental, social, and governance risks. While MBB SE has a Code of Conduct and complies with German supply chain due diligence obligations, critics point to a lack of quantitative data on the effectiveness of these policies. Its SDG Transparency Score is 2.2, indicating low impact. For most other areas like fair pay, animal welfare, or community respect, reports suggest insufficient company-specific data for a detailed assessment, as its ethical footprint is primarily indirect through its diverse portfolio of industrial businesses.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect10
-100100
Fair Trade & Ethical Sourcing-40
-100100
Honest & Fair Business-20
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-40
-100100

Better Health for All

0

MBB SE is an investment company focused on industrial businesses. The provided articles do not contain specific, quantifiable evidence related to the company's direct impact on public health, accessibility of health products, or investment in health-related initiatives for the general public. Information regarding employee well-being, occupational safety, or internal health programs for staff is not considered relevant to the 'Better Health for All' value, as per the rubric's definition, which focuses on external health impact.

Fair Money & Economic Opportunity

0

MBB SE is an investment company focused on acquiring and developing medium-sized industrial companies, not a financial institution offering lending or deposit services to consumers.

1
Therefore, most KPIs related to consumer financial products and services are not applicable. There is no evidence of MBB SE offering consumer credit products, managing customer finance data, or engaging in financial literacy programs for consumers.
2
The company's annual reports and other articles do not provide data on underserved client share, pricing fairness, exploitative fee exposure, wealth-building outcomes for customers, or debt burden ratios.
3
While MBB SE does invest in its subsidiaries and aims for value growth,
4
there is no evidence of profit reinvestment specifically in community finance or profit-sharing with underserved communities.
5
The company's diversity initiatives focus on increasing women in management positions within its own structure,
6
not on financial inclusion for external underserved segments. Similarly, geographic presence relates to its industrial operations,
7
not financial service access points. As such, no KPIs can be scored based on the provided evidence.

Fair Pay & Worker Respect

10

In 2024, the company reported a CEO to median employee pay ratio of 94.7:1.

1
The unadjusted gender pay gap was 29.1%, meaning women earned 70.9% of men's pay.
2
An employee satisfaction rate of 75% was achieved, exceeding the target of 71.5%.
3
The voluntary employee fluctuation rate was 11.0%.
4
In 2024, 32 temporary workers constituted 0.8% of the total 3,982 employees, and there were no non-guaranteed hours employees reported for MBB SE.
5
For the broader group, out of 15,495 employees, 307 were temporary and 4 were on non-guaranteed hours contracts, resulting in approximately 2.01% of the workforce on insecure contracts.
6

Fair Trade & Ethical Sourcing

-40

MBB SE reported zero substantiated forced or child labor incidents in its 2023 Annual Report, covering 2022 and 2023.

1
The company's Code of Conduct prohibits forced and child labor, and its risk analysis indicates no material human rights or environmental risks for its own business area and direct suppliers.
2
However, the company states that if violations are identified, remedial measures are taken immediately, but it does not provide a median closure time, which maps to the lowest tier.
3
Furthermore, MBB SE expects all employees and business partners to comply with ethical standards, but there is no evidence that 0% of supplier contracts include enforceable ethical-sourcing clauses.
4
The company's risk analysis indicates no material human rights or environmental risks, suggesting no material sourcing of at-risk inputs for its own operations.
5

Honest & Fair Business

-20

MBB SE has a formal whistleblower policy that protects whistleblowers from retaliation, with complaints submitted via a dedicated email address and acknowledged upon receipt.

1
Initial feedback to whistleblowers is provided within 3 months, and final feedback within 6 months, which is a slow resolution time.
2
The company has not reported any financial restatements in the past five years.
3
Its annual and consolidated financial statements are 100% audited by an independent external auditor, Nexia GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, which issued an unqualified audit opinion for 2023 and 2024.
4
MBB SE has a severe ESG Risk Rating of 51.8 from Sustainalytics, placing it in the bottom 10% of its industry group and global universe.
5
The company explicitly rejects corruption and bribery and has compliance management systems and codes of conduct, but there is no evidence of frequent training or effectiveness metrics for its anti-corruption policy.
6
The Board reported no conflicts of interest among its members or Executive Management in the past financial year.
7
The annual financial statements and combined management report are independently audited, but the extent of independent verification for other ethical claims is not specified beyond this.
8

Kind to Animals

0

No specific, concrete evidence was found in the provided articles regarding MBB.XETRA's performance or policies related to animal welfare, animal testing, ethical sourcing, or conservation initiatives. discusses MBB.XETRA's financial performance and corporate governance, without mentioning animal welfare.

1
details the policies and activities of the Medicines Evaluation Board (MEB) concerning animal testing, which is a regulatory body and not directly related to MBB.XETRA, an investment company.
2
provides general context on animal product consumption but no company-specific data.
3

No War, No Weapons

0

The provided articles, primarily annual financial reports and market updates, do not contain specific, quantifiable evidence regarding MBB SE's involvement in arms manufacturing, military contracts, or conflict facilitation. There is no data on revenue derived from arms or defense contracts, R&D investment in dual-use technologies, or sales to embargoed regimes.

1
While one subsidiary, Aumann, identifies 'Controversial weapons' as a core issue for compliance with minimum social standards, no further details or actions are provided to assess the company's actual exposure or policies.
2
Similarly, there is no information on investments in peacebuilding initiatives, conflict divestment policies, or board oversight specific to defense activities.
3
The company states a commitment to upholding internationally recognized human rights standards and not tolerating exploitation in its supply chain, but this is a general statement without specific compliance rates or audit results related to humanitarian procurement standards or human rights due diligence frequency in conflict-affected areas.
4
Therefore, no KPIs can be scored based on the provided evidence.

Planet-Friendly Business

-50

MBB SE reported that its taxonomy-aligned proportion of Capital Expenditure (CapEx) was 3.0% in 2024.

1
One of its subsidiaries, Aumann, is pursuing a goal to operate its German production facilities and office buildings in a CO2-neutral manner by 2030.
2

Respect for Cultures & Communities

0

No specific, concrete data points were found in the provided articles regarding MBB SE's performance on any of the KPIs related to Respect for Cultures & Communities.

1
The available articles primarily contain financial information or general industry analysis, and explicitly state the absence of data on cultural respect and community engagement for MBB SE.
2

Safe & Smart Tech

0

The provided articles do not contain specific, concrete data points for any of the 'Safe & Smart Tech' KPIs. , a company presentation from 2018, explicitly states a lack of detailed information on data breach severity, AI ethics governance, privacy certifications, security training, encryption, AI audits, algorithmic transparency, unauthorized data use, user data control, authentication security, vulnerability management, bug bounty programs, privacy by design, security testing, data minimization, regulatory compliance, and algorithmic harm remediation.

1
It also notes a lack of specific data on cybersecurity investment as a percentage of revenue or relative to industry peers.
2
The mention of 'Palo Alto EMEA Partner of the Year' is an award for a partner, not a certification of MBB SE's own privacy or security practices.
3
focuses on the ownership structure of a subsidiary and explicitly states it does not contain data relevant to security and privacy metrics for MBB SE.
4

Zero Waste & Sustainable Products

-40

MBB SE's subsidiaries have implemented several waste reduction initiatives. Hanke continuously develops measures to recycle scrap material and reduce energy and water consumption.

1
Friedrich Vorwerk uses automated welding technology and a cable tube slide (KaRoSch) to reduce resource use in construction, and replaces old equipment with more efficient alternatives.
2
Delignit supports responsible wood use and substitutes non-renewable raw materials with wood.
3
For hazardous waste management, Friedrich Vorwerk employees receive regular training on waste separation and disposal, complying with operating instructions for hazardous substances.
4
Delignit uses wood in a material-efficient manner, with beech wood weighing 1/10 of structural steel while retaining 1/3 of its strength.
5
MBB expects its suppliers and service providers to meet the same environmental standards, requesting and evaluating environmental certificates and indicators during the procurement process for potential suppliers.
6

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.