Deutsche Börse Sustainability Award

Deutsche Börse Sustainability Award is a prestigious award presented by Deutsche Börse, a leading EU stock exchange, in collaboration with Sustainable_Network, a non-profit organization, and Frankfurter Allgemeine Zeitung, a renowned German newspaper. The award recognizes companies listed on the Frankfurt Stock Exchange that demonstrate exceptional commitment to sustainability and corporate social responsibility, as evaluated by Vigeo Eiris, a leading ESG research firm, and Imug Rating, a specialist in sustainability ratings. The award is part of Deutsche Börse's efforts to promote responsible investment and environmental, social, and corporate governance practices, in line with the United Nations' Sustainable Development Goals and the European Commission's Green Deal.

● Introduction

The Deutsche Börse Sustainability Award is a highly respected award in the field of sustainability and corporate social responsibility, with winners selected from a pool of companies listed on the Frankfurt Stock Exchange, including DAX and MDAX index members, as well as SDAX and TecDAX constituents. The award is presented in partnership with Sustainable_Network, a non-profit organization that promotes sustainable development, and Frankfurter Allgemeine Zeitung, a leading German newspaper that provides in-depth coverage of business and economics, including Bloomberg and Reuters. The award ceremony is attended by prominent figures from the EU financial sector, including European Central Bank President Christine Lagarde and European Commission Vice-President Valdis Dombrovskis. The award is also supported by UN Environment Programme, World Wildlife Fund, and German Federal Ministry for Economic Cooperation and Development.

● History

The Deutsche Börse Sustainability Award was first presented in 2009 by Deutsche Börse, in collaboration with Sustainable_Network and Frankfurter Allgemeine Zeitung, with the aim of promoting sustainability and corporate social responsibility among companies listed on the Frankfurt Stock Exchange. Since its inception, the award has been presented annually, with winners selected from a pool of companies that demonstrate exceptional commitment to sustainability and ESG practices, as evaluated by Vigeo Eiris and Imug Rating. The award has been supported by prominent organizations, including United Nations Environment Programme, World Business Council for Sustainable Development, and European Investment Bank. The award has also been recognized by German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety and European Commission's Directorate-General for Environment.

● Eligibility_and_Selection

To be eligible for the Deutsche Börse Sustainability Award, companies must be listed on the Frankfurt Stock Exchange and demonstrate a strong commitment to sustainability and corporate social responsibility, as evaluated by Vigeo Eiris and Imug Rating. The selection process involves a thorough evaluation of companies' ESG practices, including their performance on environmental, social, and governance criteria, as well as their sustainability reporting and stakeholder engagement. The evaluation is based on Global Reporting Initiative and Sustainability Accounting Standards Board standards. The winners are selected by a jury composed of experts from Sustainable_Network, Frankfurter Allgemeine Zeitung, and Deutsche Börse, including Professor Klaus Töpfer, former Executive Director of UN Environment Programme, and Dr. Claudia Kemfert, a leading economist and sustainability expert.

● Award_Categories

The Deutsche Börse Sustainability Award is presented in several categories, including Best Sustainability Report, Best Sustainability Performance, and Best Sustainability Strategy, as well as Best ESG Performance and Best Climate Performance. The award categories are designed to recognize companies that demonstrate exceptional commitment to sustainability and corporate social responsibility, as well as innovation and leadership in ESG practices. The award categories are also aligned with the United Nations' Sustainable Development Goals and the European Commission's Green Deal, including Paris Agreement and EU Climate Law. The award is also supported by International Finance Corporation, World Bank, and European Bank for Reconstruction and Development.

● Notable_Recipients

Past winners of the Deutsche Börse Sustainability Award include Bayer, BASF, BMW Group, Daimler AG, and Siemens AG, as well as Allianz SE, Deutsche Telekom, and E.ON SE. These companies have demonstrated exceptional commitment to sustainability and corporate social responsibility, and have been recognized for their innovation and leadership in ESG practices, including renewable energy and sustainable finance. The award has also been presented to SAP SE, Volkswagen AG, and Merck KGaA, which have been recognized for their sustainability reporting and stakeholder engagement, as well as their environmental and social performance.

● Impact_and_Significance

The Deutsche Börse Sustainability Award has had a significant impact on the EU financial sector, promoting sustainability and corporate social responsibility among companies listed on the Frankfurt Stock Exchange. The award has also raised awareness about the importance of ESG practices and sustainability reporting, and has encouraged companies to adopt more responsible investment and environmental, social, and corporate governance practices, in line with the United Nations' Sustainable Development Goals and the European Commission's Green Deal. The award is also supported by European Investment Bank, KfW, and German Federal Ministry for Economic Cooperation and Development, and has been recognized by World Economic Forum, Davos, and COP26.

Category:Awards