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Transparency initiatives

Transparency initiatives of Deutsche Börse Group

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 transparency standard “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 offers large and mid-cap companies which operate on an international basis the possibility to raise debt capital at Deutsche Börse. 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
  • Carbon Disclosure Project data evaluating the transparency and performance of measures taken by 1,800 companies with regard to climate change
  • 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 reporting in the financial services sector

In 2016, Deutsche Börse Group organised the International Integrated Reporting Council (IIRC) meeting, among other events. In addition to shedding light on recent developments in sustainability reporting across the international capital markets, discussions mainly focused on the future positioning of the IIRC and cooperative projects with other players in the reporting framework field.

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 Global Reporting Initiative (GRI)

Deutsche Börse Group hosts workshops on the implementation of the new GRI report standards. GRI sees itself primarily as a platform and initiator for an ongoing international dialogue between various stakeholders in politics, the economy and society as a whole.

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 to interested market participants, 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 come into effect in 2017, Deutsche Börse Group has positioned its ESG Practice Guide as a guideline for companies affected by this regulation at various dialogue events with representatives from politics, industry and 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 therefore supplements Deutsche Börse Group’s range of services for issuers and is regularly updated and enhanced.

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 material key figures on sustainability Deutsche Börse Group is opting for a holistic reporting concept for the future.