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Company Directory - DAX (Deutscher Aktienindex)

Company Details - DAX (Deutscher Aktienindex)

DAX (Deutscher Aktienindex) Logo

DAX (Deutscher Aktienindex)

The DAX (Deutscher Aktienindex) is a stock market index that represents 40 of the largest and most liquid German companies listed on the Frankfurt Stock Exchange, reflecting their performance and serving as a key indicator of the German economy.

CCI Score

CCI Score: DAX (Deutscher Aktienindex)

29.34

-0.02%

Latest Event

DAX Companies Seek Clarity on LkSG Due Diligence Requirements

On October 28, 2024, a joint statement by the German Trade Union Federation and DAX 40 highlighted concerns over the confusion stemming from BAFA's postponement of LkSG due diligence report reviews, urging clearer regulatory guidance to ensure responsible and ethical corporate sustainability practices.

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DISSENTER

DAX (Deutscher Aktienindex) is currently rated as a Dissenter.

+25 to +44 CCI Score
These companies are vocal in their opposition to authoritarian regimes. They publicly criticize oppressive policies and engage in advocacy efforts to promote accountability and transparency, even if their actions aren’t as extensive as those of Moral Leaders.

Latest Events

  • DAX Companies Seek Clarity on LkSG Due Diligence Requirements Logo
    OCT
    28
    2024

    On October 28, 2024, a joint statement by the German Trade Union Federation and DAX 40 highlighted concerns over the confusion stemming from BAFA's postponement of LkSG due diligence report reviews, urging clearer regulatory guidance to ensure responsible and ethical corporate sustainability practices.

  • +50

    Labor Relations and Human Rights Practices

    April 8

    The joint statement co-signed by the German Trade Union Federation and the DAX 40 underscores a commitment to protecting labor rights and ensuring fair human rights practices, aligning with progressive, worker-friendly values.

    The German Supply Chain Due Diligence Act (LkSG) Saga Continues

  • +40

    Supply Chain Ethics

    April 8

    The extension of the reporting deadline for LkSG due diligence is being leveraged by DAX companies to refine their supply chain processes in line with responsible sustainability practices. This proactive approach supports ethical business operations by promoting clear, accountable reporting.

    The German Supply Chain Due Diligence Act (LkSG) Saga Continues

  • German Companies Campaign Against Extremism Logo
    MAY
    07
    2024

    An alliance of 30 major German companies, including key DAX constituents, has launched a public campaign warning against far-right extremism ahead of upcoming European elections. The initiative calls on 1.7 million employees to participate in the electoral process and underscores the importance of European unity for prosperity and inclusive labor integration.

  • +60

    Public and Political Behavior

    April 8

    The alliance's public stance against far-right extremism represents a proactive and progressive move by major companies. By urging employee participation in the electoral process and emphasizing unity and inclusivity, this campaign promotes democratic values and worker integration, directly opposing authoritarian and exclusionary ideologies.

    Major German companies warn against vote for extremism

  • DAX Index Expands ESG Options to Promote Responsible Investing Logo
    DEC
    18
    2023

    The new DAX 30 ESG index introduces a rigorous responsible-investing approach, excluding companies that do not meet international standards on human rights, labor, environmental protection, and anti-corruption. This methodological update aims to drive sustainable and ethical investing by filtering out firms involved in controversial areas such as weapons, tobacco, and other ethically problematic sectors.

  • +80

    Business Practices and Ethical Responsibility

    April 8

    By adopting a robust ESG screening process that mandates adherence to international norms on human rights, labor standards, environmental protection, and anti-corruption, the updated DAX index prominently promotes responsible business practices. Excluding companies involved in controversial weapons, tobacco, and other ethically dubious industries underscores a commitment to ethical investment and reduces potential complicity in supporting authoritarian business practices.

    New DAX index expands responsible-investing options in German equities

  • ECCHR Complaint Targets DAX Firms Under Supply Chain Act Logo
    JUN
    21
    2023

    On June 21, 2023, the European Center for Constitutional and Human Rights (ECCHR) filed a complaint with the German Federal Office for Economic Affairs and Export Control (BAFA) against major automobile manufacturers—companies that are key components of the DAX index—for failing to meet human rights due diligence obligations in their supply chains, amid concerns over forced labor in Xinjiang.

  • -50

    Supply Chain Ethics

    April 8

    The complaint under the German Supply Chain Due Diligence Act exposes deficiencies in how major DAX companies monitor and address human rights risks in their supply chains, particularly regarding forced labor in the automotive sector. This represents a significant lapse in ethical business practices and supply chain management, undermining worker protections and reflecting poorly on corporate responsibility.

    Major firms early focus of German Supply Chain Act

  • DAX Index Reform Enhances Corporate Governance Logo
    SEP
    01
    2021

    Deutsche Börse has reformed the rules governing the DAX index by expanding it from 30 to 40 constituents and implementing stricter financial and corporate governance requirements. The new criteria include positive EBITDA mandates, obligatory audited annual reports and quarterly notifications, as well as the requirement for an operational audit committee. These reforms aim to improve transparency and accountability among Germany's leading companies, although the decision not to exclude firms involved in controversial weapons slightly dampens the overall positive impact.

  • +30

    Business Practices and Ethical Responsibility

    April 8

    The reform measures enhance corporate governance and transparency by setting higher financial and reporting standards for companies in the index. These changes can help curb malpractices that may indirectly enable authoritarian practices. However, the choice not to exclude companies involved in controversial weapons somewhat lessens the potential progressive impact, leading to a moderated positive score.

    Reform of the DAX, The German Blue Chip Stock Market Index

Industries

523210
Securities and Commodity Exchanges
523910
Miscellaneous Intermediation
523999
Miscellaneous Financial Investment Activities
523110
Investment Banking and Securities Dealing
523120
Securities Brokerage