STOXX has announced the results of the June regular composition review of the DAX® 50 ESG, DAX® 50 ESG+, DAX® 30 ESG, DAX® ESG Target, DAX® ESG Screened, MDAX® ESG+ and MDAX® ESG Screened indices, as well as of the benchmark DAX®. The actions listed in this article will be effective as of June 23 this year.
DAX 50 ESG
| Additions: | Deletions: |
| Sartorius Pref. | Thyssenkrupp |
| Heidelberg Materials | E.ON |
| Nordex | Brenntag |
| TUI | BASF |
| Lufthansa | Evonik Industries |
DAX 50 ESG+
| Additions: | Deletions: |
| Heidelberg Materials | Carl Zeiss Meditec |
| Nordex | Hellofresh |
| Traton | Hugo Boss |
DAX 30 ESG
| Additions: | Deletions: |
| BMW | Gerresheimer |
| Heidelberg Materials | Brenntag |
| Mercedes-Benz Group | Hugo Boss |
| Nordex | Evonik Industries |
DAX ESG Target
| Additions: | Deletions: |
| Talanx | CTS Eventim |
DAX ESG Screened
| Additions: | Deletions: |
| Heidelberg Materials |
MDAX ESG+
| Additions: | Deletions: |
| Fuchs Pref. | Thyssenkrupp |
| Redcare Pharmacy | Jenoptik |
MDAX ESG Screened
| Additions: | Deletions: |
| Jenoptik |
DAX
No changes
Different strategies
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 50 ESG+ reflects the performance of the 50 highest ESG-ranked German companies after using sustainability exclusion filters.
The DAX 30 ESG excludes controversial companies from a starting universe, and from the largest remaining companies selects the 30 securities with the highest ESG Performance Score from ISS ESG.
The DAX ESG Target follows an optimized weighting methodology whose objective is to minimize the tracking error while achieving improvements over the benchmark in terms of carbon footprint and ESG Risk Score.
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 MDAX ESG indices follow similar methodologies as the DAX ESG indices while tracking mid-cap companies.
The selection universe for the DAX 50 ESG, DAX 50 ESG+ and DAX 30 ESG is the HDAX®, which consists of all companies in DAX, MDAX and TecDAX. Changes to the composition in the ESG indices might be caused by changes in the starting universe. Likewise, changes in the MDAX® universe may result in additions or deletions in the MDAX ESG versions.
The selection universe for the DAX 50 ESG, DAX 50 ESG+ and DAX 30 ESG is the HDAX®, which consists of all companies in DAX, MDAX and TecDAX. Changes to the composition in the ESG indices might be caused by changes in the starting universe. Likewise, changes in the MDAX® universe may result in additions or deletions in the MDAX ESG versions.
The next regular review of the DAX ESG indices will take place on September 4, 2025.