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Transparency initiatives

Transparency initiatives

Deutsche Börse’s headquarters in Eschborn was awarded the LEED (“Leadership in Energy and Environmental Design”) platinum standard, a US sustainability certificate, in 2010.

Deutsche Börse Group is continually working to improve transparency and standardisation on global capital markets. In doing so, we take the entire value chain into account and attend to the requirements of the different players on the capital market.

Exchange segments demanding particularly high transparency

Deutsche Börse Group’s Prime Standard offers companies access to the capital market via a premium segment. Companies in this segment meet international transparency requirements with regard to their investors.

Premium segment for shares

The Prime Standard for shares is part of the EU-regulated market and provides access to companies which would like to attract international investors: in addition to the legal minimum requirements of the EU-regulated market, companies listed in this segment must also meet international transparency requirements. Admittance to the Prime Standard for shares is a prerequisite for joining the selection indices DAX®, MDAX®, TecDAX® and SDAX®.

Premium segment for corporate bonds

The Prime Standard for corporate bonds allow large and medium-sized companies which operate internationally basis the possibility to raise debt capital via Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange). In order to do so, companies must meet increased transparency requirements before and after bond issuance.

Information portal for sustainable securities

On individual company master data sheets, Deutsche Börse’s online information portal for sustainable securities provides market participants not only with financial data but also with sustainability key figures for 1,800 companies from all over the world included in STOXX® indices.

Through the information portal for sustainable securities, Deutsche Börse offers ...

  • environmental, social and governance (ESG) data for around 1,800 companies: information on the sustainable management of resources (environment), criteria for socially responsible behaviour (social) as well as aspects of corporate governance.
  • CDP (formerly Carbon Disclosure Project) data evaluating the transparency and performance of measures taken by 1,800 companies with regard to climate change.
  • the possibility to select companies based on ESG criteria or on the weighting of these criteria.
  • information on sustainability indices as well as a selection of funds and certificates.

Dialogue events on sustainability in the financial services sector

In 2017, Deutsche Börse launched the “Accelerating Sustainable Finance” initiative in collaboration with key players of the financial centre Frankfurt/Main. Three task forces on the topics “Sustainable products and services”, “Impact investing” and “ESG data” were formed to discuss possible framework conditions for sustainability in the financial sector. Based on the task forces’ suggestions, initiatives will be launched to implement new structures to promote the necessary developments in the area of sustainable finance.

Cooperation with international ESG organisations

As a central “interface” between capital market participants, Deutsche Börse Group regards it as part of its responsibility to create a platform which explains various environmental, social and governance (ESG) approaches. Deutsche Börse thus enables market participants and the public to gain an overview of different transparency initiatives and to exchange ideas with others.

Cooperation with the International Integrated Reporting Council (IIRC)

As a member of the IIRC German Roundtables, Deutsche Börse actively contributes to shaping the framework of a new integrated reporting. The IIRC’s aim is to develop an integrated reporting system with an international focus, which ensures that a company’s key facts and figures are communicated clearly, concisely and transparently.

Cooperation with the CDP

As part of its partnership with the CDP, the information portal for sustainable securities has been providing climate data from roughly 1,800 companies around the world, free of charge, since April 2012. The data facilitates a direct comparison of companies’ carbon emissions.

Positioning and further development of the ESG Best Practice Guide

With a view to the national application of the EU guideline on corporate sustainability reporting that will came into effect in 2017, Deutsche Börse Group has positioned its ESG Best Practice Guide as a guideline for companies affected by this regulation at various dialogue events with policy makers, business leaders and representatives from civil society. The Guide presents internationally valid reporting methods including selected best-practice examples and, by giving seven recommendations, offers a structured approach to an intelligent and above all efficient way of dealing with the topic of sustainability in capital market communications. This makes it particularly suitable for smaller and medium-sized companies as well as for newcomers to reporting. The Guide, which is reviewed regularly to ensure it is up to date, therefore supplements Deutsche Börse Group’s range of services for issuers.

Transparency in our own reporting

The corporate report presents Deutsche Börse Group’s business activities in a transparent manner. The current report provides information on the course of the financial year while also giving a thorough overview of the company’s measures taken with a view to social responsibility and sustainability. By integrating the non-financial statement into the combined management report, Deutsche Börse Group not only adheres to statutory requirements but shows non-financial key figures in context alongside traditional financial key figures.