DAX® sets a new benchmark for sustainable German equity portfolios
The DAX® 50 ESG index employs two complementary approaches to incorporate ESG principles into the selection criteria:
The index features standardized negative screens for companies that are involved in controversial activities – controversial weapons, military contracting, nuclear power, thermal coal, tobacco – or fail the standardized ESG screens within the Global Standard Screening.
The methodology considers environmental, social and governance (ESG) scores in the stock selection.
The methodology is designed to ensure an ESG index which serves as a benchmark for sustainable German equity portfolios.
The selection universe for the DAX® 50 ESG index is the HDAX® index, which comprises all equities that belong to either the DAX®, MDAX® or TecDAX® indices.
From this universe, the DAX® 50 ESG tracks the performance of the 50 largest, most liquid German market stocks that have passed standardized ESG screens related to Global Standards Screening, as well as the involvement in controversial weapons, tobacco production, thermal coal, nuclear power and military contracting, and feature comparably good performance based on their Environmental, Social and Governance criteria.
Selected components are weighted by free-float market capitalization, subject to a 7% component cap.
The DAX® 50 ESG is designed to be suitable as underlying for derivatives, structured products and exchange-traded funds, and to be used as the ESG flagship benchmark for the German equity market.
For a description of the selection methodology and the review calendar, please click here.
Details
Top 10 Components
| ALLIANZ | DE |
| SIEMENS | DE |
| SAP | DE |
| DEUTSCHE TELEKOM | DE |
| MERCEDES-BENZ GROUP | DE |
| MUENCHENER RUECK | DE |
| BASF | DE |
| INFINEON TECHNOLOGIES | DE |
| DEUTSCHE POST | DE |
| ADIDAS | DE |
Related research
Scout24, Jenoptik, Talanx among companies joining DAX ESG indices
Changes were announced as part of the December regular review of the DAX 50 ESG, DAX 50 ESG+, DAX ESG Target, DAX ESG Screened, MDAX ESG+, MDAX ESG Screened and DAX indices.
Aurubis, K+S to join DAX 50 ESG index; Daimler Truck enters DAX ESG Target
Changes were announced as part of the March regular review for the DAX 50 ESG, DAX ESG Target and DAX indices.
DAX® 50 ESG Index als ETF-Basiswert an Credit Suisse Asset Management lizenziert
Qontigo hat den DAX® 50 ESG Index an Credit Suisse Asset Management lizenziert, um ihn als Basiswert für einen ETF zu verwenden.
DAX® 50 ESG Index to underlie ETF by Credit Suisse Asset Management
Qontigo has licensed the DAX® 50 ESG Index to Credit Suisse Asset Management to serve as an underlying for an ETF.