Continue active refreshing of this index's data?

Continue active refreshing of this index's data?

Blog Posts — December 8, 2022

Volkswagen, Daimler Truck to join DAX 50 ESG index; Puma, Bayer leave DAX ESG Target

Qontigo has announced the results of the December regular review to the composition of the DAX® ESG TargetDAX® 50 ESGDAX® ESG Screened and MDAX® ESG Screened indices, as well as of the benchmark DAX®. The actions listed below will be effective as of Dec. 19 this year.


Volkswagen AG 
Daimler Truck AG
TAG Immobilien AG
Freenet AG

DAX ESG Target

Evonik Industries AG
Knorr-Bremse AG
Puma SE
Bayer AG

DAX ESG Screened

Puma SE

MDAX ESG Screened

Puma SE
Verbio Ver. BioEnergie AG
Deutsche Wohnen SE
Varta AG


 Porsche AGPuma SE

The DAX 50 ESG combines negative screening and best-in-class ESG integration, and was developed as a broad-market ESG benchmark with a larger composition than that of the flagship DAX. The DAX ESG Target aims to reflect the DAX and follows an optimized weighting methodology whose objective is to improve the portfolio’s ESG score and decrease its carbon footprint relative to the benchmark, while limiting the tracking error.  

The objective of the DAX ESG Screened index is to reflect the performance of the DAX after removing companies that fail ISS ESG screenings for global norms, controversial weapons, product involvement, and a minimum ESG rating. The MDAX indices track mid-cap companies. 

For an overview of the DAX ESG indices, visit a blog post from last August. 

The DAX 50 ESG serves as underlying for respective ETFs managed by Amundi Asset Management and Credit Suisse Asset Management, for structured products, and for futures and options listed on Eurex. The DAX ESG Target underlies an ETF managed by BlackRock. The DAX ESG Screened and MDAX ESG Screened are replicated by respective ETFs from DWS.

The next regular review of the DAX ESG indices will take place on March 6, 2023.