Qontigo has announced the results of the March regular review to the composition of the DAX® 50 ESG, DAX® 50 ESG+, DAX® ESG Target, DAX® ESG Screened, MDAX® ESG+ and MDAX® ESG Screened indices, as well as of the benchmark DAX®. The actions listed below will be effective as of March 20 this year.
Addition: Porsche AG
Deletion: K+S
Additions:
Siemens Energy
Fraport
Teamviewer
Daimler Truck
Deletions:
Freenet
Vantage Towers
Sartorius
Addition: Porsche AG
Deletion: None
Additions:
Daimler Truck
Commerzbank
Deletion:
Fresenius Medical Care
Additions:
Nordex
Fresenius Medical Care
Thyssenkrupp
Deletions:
Verbio
Software
Additions:
Thyssenkrupp
Nordex
Fresenius Medical Care
Deletions:
Verbio
Software
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.1 The DAX ESG Target 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 screenings for global norms, controversial weapons, product involvement and a minimum ESG rating.
The DAX 50 ESG+ reflects the performance of the 50 highest ESG-ranked German companies after using sustainability exclusion filters.2
The MDAX ESG indices follow similar methodologies as the DAX ESG indices, while tracking mid-cap companies.
The next regular review of the DAX ESG indices will take place on June 6, 2023.
1,2 Selection universe for these indices is the HDAX®.