Sign up to access all our data and the evidence and analysis underlying our overall scores. Once you've created an account, we'll get in touch with further details:
Sign Up
| Overall Assessment |
Comment |
Score |
| Comprehensive |
Deutsche Börse AG has demonstrated a comprehensive level of transparency in disclosing its climate lobbying activities. The company explicitly names specific climate policies it has engaged with, such as the "European Green Deal," the "Climate Law," the "EU Emissions Trading Scheme," and the "Renewable Energy Directive," and provides further details about its advocacy focus, including emissions trading schemes and subsidy schemes aligned with market principles. Deutsche Börse AG also provides detailed information about its lobbying mechanisms, including its registration in the EU Transparency Register, participation in public consultations, submission of position papers, organization of bilateral meetings, and contributions to sectoral associations. It specifies its engagement with EU policymakers and administrations, reflecting a high degree of clarity regarding its lobbying targets. Furthermore, the company has clearly articulated the outcomes it seeks, such as advocating for "subsidy schemes most aligned with the market and a cost-efficient transition," supporting "an ever-increasing share of renewable energy," and applying emissions trading schemes to economic sectors. These disclosures align its lobbying activities with its environmental commitments and transition plan, demonstrating a high level of transparency and accountability.
|
4
|
| Overall Assessment |
Comment |
Score |
| Strong |
Deutsche Börse Group demonstrates strong governance processes for climate lobbying alignment, with oversight mechanisms integrated into its organizational structure. The Group Regulatory Strategy (GRS) area, which includes a dedicated ESG Strategy Unit reporting directly to the CEO Division, is responsible for monitoring political processes and regulatory developments, indicating a management process to ensure alignment of lobbying activities. Furthermore, the CEO oversees the Group's sustainability strategy, which includes climate-related issues, while the CFO chaired the Group Sustainability Board in 2023, ensuring oversight and steering of sustainability topics. The governance mechanisms also include "overseeing and guiding public policy engagement," "monitoring progress towards corporate targets," and "approving corporate policies and/or commitments," with climate-related issues scheduled as agenda items in board meetings at least annually. Additionally, Deutsche Börse AG actively engages in external policy advocacy aligned with global environmental treaties, such as the Paris Agreement, and contributes to EU policy implementation through consultations, position papers, and meetings. However, while the company has robust governance structures and processes for direct and indirect lobbying alignment, including trade associations, it does not explicitly mention conducting a detailed lobbying audit or review of alignment across all trade associations, which prevents it from being classified as comprehensive governance.
|
3
|