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Corporate Non-Financial Reporting in Germany
Copyright © Development International e.V., 2019 ISBN: 978-3-9820398-1-7 Authors: Chris N. Bayer, PhD Gisella Vogel Sarah Kaltenhäuser Katherine Storrs Jiahua (Java) Xu, PhD Juan Ignacio Ibañez, LL.M. Title: A New Responsibility for Sustainability: Corporate Non-Financial Reporting in Germany Date published: May 6, 2019 Funded by: iPoint-systems gmbh www.ipoint-systems.com Executive Summary Germany's economy is the fourth-largest in the world (by nominal GDP), and with 28% of the euro area market, it represents the largest economy in Europe.1 Considering the supply chains leading to its economy, Germany's cumulative environmental, social and governance performance reverberates globally. The EU Non-Financial Reporting Directive (NFRD) is the impetus behind this study – a new regulation that seeks to “increase the relevance, consistency and comparability of information disclosed by certain large undertakings and groups across the Union.”2 Large undertakings in EU member states are not only required to report on their financial basics, now they are also required by Article 1 of the Directive to account for their non- financial footprint, including adverse impacts they have on the environment and supply chains. In accordance with the Directive, the German transposition stipulates that the non-financial declaration must state which reporting framework was used to create it (or explain why no framework was applied), as well as apply non-financial key performance indicators relevant to the particular business. These requirements are our point of departure: We systematically assess the degree of non-financial transparency and performance reporting for 2017 applying an ex-post assessment framework premised on the Global Reporting Initiative (GRI), the German Sustainability Code (Deutscher Nachhaltigkeitskodex, DNK) and the United Nations Global Compact (UNGC). -
CCP Instruments As of 2003 03 27 Engl
First introduction sequence of CCP instruments as of March 27, 2003 CCP Instruments DAX Block Crossing DAX (Xetra XXL) + corresponding instruments 1 DE0008232125 LHA LUFTHANSA AG VNA O.N. 1 BC0008232125 BCLHA LUFTHANSA AG VNA O.N. 2 DE0007172009 SCH SCHERING AG O.N. 2 BC0007172009 BCSCH SCHERING AG O.N. CCP Instruments MDAX + corresponding instruments Block Crossing MDAX (Xetra XXL) 1 DE0002457561 HEIJ HEIDELBERGCEMENT O.N. NST 2 DE0005072102 BZL BERU AG O.N. 1 BC0005072102 BCBZL BERU AG 3 DE0005085906 AWD AWD HOLDING AG O.N. 2 BC0005085906 BCAWD AWD HOLDING AG O.N. 4 DE0005200000 BEI BEIERSDORF AG O.N. 3 BC0005200000 BCBEI BEIERSDORF AG O.N. 5 DE0005245500 BOS HUGO BOSS AG ST O.N. 6 DE0005245534 BOS3 HUGO BOSS AG VZO O.N. 4 BC0005245534 BBOS3 HUGO BOSS AG VZO O.N. 7 DE0005278006 BUD BUDERUS AG O.N. 5 BC0005278006 BCBUD BUDERUS AG O.N. 8 DE0005408116 ARL AAREAL BANK AG 6 BC0005408116 BCARL AAREAL BANK AG 9 DE0005408884 LEO LEONI AG NA O.N. 7 BC0005408884 BCLEO LEONI AG 10 DE0005421903 DGX DEGUSSA AG O.N. 8 BC0005421903 BCDGX DEGUSSA AG O.N. 11 DE0005439004 CON CONTINENTAL AG O.N. 9 BC0005439004 BCCON CONTINENTAL AG O.N. 12 DE0005471601 TNH TECHEM O.N. 10 BC0005471601 BCTNH TECHEM O.N. 13 DE0005591002 DYK DYCKERHOFF ST O.N. 14 DE0005591036 DYK3 DYCKERHOFF VZO O.N. 11 BC0005591036 BDYK3 DYCKERHOFF VZO O.N. 15 DE0005753008 CZZ CELANESE AG O.N. 12 BC0005753008 BCCZZ CELANESE AG O.N. 16 DE0005773303 FRA FRAPORT AG FFM.AIRPORT 13 BC0005773303 BCFRA FRAPORT AG 17 DE0005785604 FRE FRESENIUS AG O.N. -
German Industrials Spotlight
German industrials spotlight 6 March 2013 Synchronicity . Potential for synchronised growth in exports and domestic demand. Analysts . Introducing two Edison stock screens based on Value and Momentum. Graeme Kyle +44 (0)20 3077 5700 Roger Johnston +44 (0)20 3077 5722 . We highlight four new investment ideas. [email protected] Export-led growth Over the past three years the weaker euro has boosted exports for the German MDAX Industrials Index industrials sector. If exports continue to prosper and industrial production (IP) growth cyclically recovers then we could see a ‘demand nirvana’ in the sector akin 20% to conditions in 2010. The Ifo business confidence indicator, which rose sharply in 0% February, lends credibility to this synopsis. Using our proprietary value and -20% momentum screens, we highlight four companies we recently met that screen well -40% and could potentially re-rate: Koenig & Bauer, Deufol, Homag Group and R Stahl. % change -60% Koenig & Bauer: 1.9x EV/EBITDA and 0.6x P/book -80% Koenig & Bauer’s core business is printing presses. For years management has Oct/12 Apr/09 Jun/10 Jan/11 Mar/12 Feb/08 Nov/09 Sep/08 Aug/11 battled the substitution effect of traditional printed media for online publications. The MSCI German Industrials Index… company has regularly disappointed investors, generating razor-thin operating MSCI Germany performance margins with miniscule returns on capital. Trading at very low multiples with a free float of 83% the stock can re-rate as management diversify into growth segments German Ifo business via acquisition. 115 Deufol: 5.6x EV/EBITDA and 0.4x P/book 110 105 Deufol produces packaging for a variety of consumer and industrial products. -
Non-Financial Report 2020 Salzgitter AG Ranks As One of Germany’S Companies Rooted in a Long Tradition
20 20Non-Financial Report 2020 Salzgitter AG ranks as one of Germany’s companies rooted in a long tradition. Our business activities are concentrated on steel and technology. Through its sustainable organic and external growth, our company has advanced to take its place as one of Europe’s leading steel and technology groups – with external sales of around € 7 billion in 2020, a crude steel capacity of 7 million tons and a workforce of more than 24,000 employees. The primary objective of our company – now and in the future – is the preservation of our independence through profitability and growth. Our Group comprises more than 150 domestic and international subsidiaries and holdings and has been structured into the business units of Strip Steel, Plate / Section Steel, Mannesmann, Trading and Technology. 2 About this report 3 Business Model of Salzgitter AG 4 Strategy 4 Strategic analysis and actions 5 Materiality 6 Objectives 8 Depth of the value chain 9 Process Management 9 Responsibility 9 Rules and processes 10 Monitoring 11 Incentive systems 12 Stakeholder participation 13 Innovation and product management 16 Environment 16 Utilization of natural resources 16 Resource management 20 Emissions impacting climate 23 Society 23 Employee rights 25 Equal opportunities 29 Training 32 Human rights 33 Community 34 Political dialog 35 Conduct compliant with laws and directives Separate Non-Financial Report 2020 of Salzgitter AG 2 About this report About this report We have based our reporting in the separate Non-Financial Report of the Salzgitter Group (Non-Financial Group Report) on the German Sustainability Code (Deutscher Nachhaltigkeitskodex – DNK). -
See Who Attended
Company Name First Name Last Name Job Title Country 24Sea Gert De Sitter Owner Belgium 2EN S.A. George Droukas Data analyst Greece 2EN S.A. Yannis Panourgias Managing Director Greece 3E Geert Palmers CEO Belgium 3E Baris Adiloglu Technical Manager Belgium 3E David Schillebeeckx Wind Analyst Belgium 3E Grégoire Leroy Product Manager Wind Resource Modelling Belgium 3E Rogelio Avendaño Reyes Regional Manager Belgium 3E Luc Dewilde Senior Business Developer Belgium 3E Luis Ferreira Wind Consultant Belgium 3E Grégory Ignace Senior Wind Consultant Belgium 3E Romain Willaime Sales Manager Belgium 3E Santiago Estrada Sales Team Manager Belgium 3E Thomas De Vylder Marketing & Communication Manager Belgium 4C Offshore Ltd. Tom Russell Press Coordinator United Kingdom 4C Offshore Ltd. Lauren Anderson United Kingdom 4Cast GmbH & Co. KG Horst Bidiak Senior Product Manager Germany 4Subsea Berit Scharff VP Offshore Wind Norway 8.2 Consulting AG Bruno Allain Président / CEO Germany 8.2 Consulting AG Antoine Ancelin Commercial employee Germany 8.2 Monitoring GmbH Bernd Hoering Managing Director Germany A Word About Wind Zoe Wicker Client Services Manager United Kingdom A Word About Wind Richard Heap Editor-in-Chief United Kingdom AAGES Antonio Esteban Garmendia Director - Business Development Spain ABB Sofia Sauvageot Global Account Executive France ABB Jesús Illana Account Manager Spain ABB Miguel Angel Sanchis Ferri Senior Product Manager Spain ABB Antoni Carrera Group Account Manager Spain ABB Luis andres Arismendi Gomez Segment Marketing Manager Spain -
Edison Research Template
German industrials spotlight Industrial machinery 15 May 2013 . Industrial machinery stocks are attracting EPS upgrades. Export growth and falling metal prices are positive for earnings. Analysts Graeme Kyle +44 (0)20 3077 5700 . We highlight three companies that may interest investors. Roger Johnston +44 (0)20 3077 5722 Grinding on [email protected] Click here to access industrials research We find it interesting that several industrial machinery stocks appear at the top of our rising revisions screen this month. Earnings in this sector are sensitive to the economic cycle, which appears at odds with weak macroeconomic data released in MDAX Industrials Index recent weeks. In particular, German GDP fell by -0.6% in Q412 and the Ifo business 210 expectations survey fell to 101.6 in April (vs 103.6 in March). In addition, GDP 190 170 growth in China slowed to +7.7% year-on-year in Q1 vs market expectations of 150 +8%. We believe there are other, more specific, factors at play including the 130 110 continued success of German global exports and the potential for gross margins 90 across the sector to expand as metal prices decline. On a wider scale, central 70 banks continue to provide ongoing liquidity and maintain interest rates at low levels; 50 Nov/09 Nov/10 Nov/11 Nov/12 Nov/08 this encourages capital flow into cheaper, riskier assets such as industrial May/08 May/09 May/10 May/11 May/12 May/13 machinery stocks. We identify three companies in this sector that screen well and Ifo Business Expectations should attract investors; Koenig & Bauer, KSB and Schaltbau. -
Annual Report 2007 Financial Year from January 1 to December 31, 2007
Annual Report 2007 Financial Year from January 1 to December 31, 2007 The Salzgitter Group 45 The Salzgitter Group comprises around 200 national and international subsidiaries and associated companies combined under Salzgitter AG as the holding company. With an annual production of rolled steel and tubes which comes to more than 7 million tons, external sales of approximately € 10 billion and a workforce of around 23,000, the Salzgitter Group ranks among Europe’s leading steel technology groups. The Group’s core competences lie in the production of rolled steel and tubes products and their processing, trading in these products and, more recently, in the construction of special machinery and plant engineering. The specific competences are concentrated in the respective divisions (Steel, Trading, Tubes, Services and Technology). The Divisions Steel Trading Services Tubes Technology The Steel Division is one of Europe’s five largest steel producers and the Tubes Division is a global leader in a number of sub-segments in its sector. The new Technology Division comprises the companies of the Klöckner Group. The Group’s key companies rank among the global leaders and preferred suppliers of plant solutions for the food industry. Salzgitter AG is listed on the MDAX and, on the basis of its placing within the index, belongs to Germany’s 35 largest stock corporations. Key Figures for the Financial Year 2007 Crude Steel Production 7,325 7,363 6,000 6,500 7,000 7,500 8,000 in kt FY 2007 FY 2006 Consolidated Sales 10,192 8,447 6,000 7,000 8,000 9,000 10,000 11,000 in € mil. -
Company Name First Name Last Name Job Title Country
Company Name First Name Last Name Job Title Country 1StopWind Ltd Arran Bell Operations Manager United Kingdom 1StopWind Ltd. Alan Mckerns United Kingdom 1StopWind Ltd. Bernadette McAulay Finance Manager United Kingdom 1StopWind Ltd. Joel Telling General Manager United Kingdom 23 Degrees Renewables Ltd Ed Woodrow Business Development United Kingdom 24SEA bvba Gert De Sitter Owner Belgium 3S Europe GmbH Matthias Lamp Vice President of Sales & Marketing Germany 3sun Denmark ApS Christian Christensen Operations Director Denmark 3sun Group Limited Jody Potter United Kingdom 3sun Group Limited Graham Hacon VP Business Development, Offshore Wind United Kingdom 3sun Group Limited Sherri Smith Company Secretary United Kingdom 3W Industri Service Simon Øland Project manager - sales Denmark 3W Industri Service Kenneth Pedersen IWI-S Denmark 4C Offshore Lauren Anderson United Kingdom 4C Offshore Richard Aukland Director United Kingdom 4C Offshore Rosie Haworth Market Researcher United Kingdom 4C Offshore Vincenzo Poidomani Principal Geotechnical Engineer United Kingdom 8.2 Bruno ALLAIN CEO France 8.2 Monitoring GmbH Bernd Höring Managing director Germany 920338402 Ellinor Meling Ceo Norway A&P Group Emma Harrick United Kingdom A.P. Møller Holding Simon Ibsen Investor Denmark A/S Dan-Bunkering Ltd. Jens Kirk Denmark A/S Dan-Bunkering Ltd. Michael Brunø-Sørensen Senior Bunker Trader Denmark A1wind Aps Martin Jensen Director / A1wind Aps Denmark AAF Ltd Steven Brett Europe MFAS Aftermarket Sales Manager United Kingdom AAG Allan Tarp Sales Manager Denmark -
ACXW Avantis International Small Cap Value
American Century Investments® Quarterly Portfolio Holdings Avantis® International Small Cap Value ETF (AVDV) May 28, 2021 Avantis International Small Cap Value ETF - Schedule of Investments MAY 28, 2021 (UNAUDITED) Shares/ Principal Amount ($) Value ($) COMMON STOCKS — 99.4% Australia — 8.0% Adairs Ltd. 64,691 233,414 Adbri Ltd. 444,216 1,141,164 Aeris Resources Ltd.(1) 238,800 31,179 Alkane Resources Ltd.(1)(2) 152,741 103,278 Alliance Aviation Services Ltd.(1) 50,306 171,065 Asaleo Care Ltd. 212,115 229,790 Aurelia Metals Ltd. 716,008 245,064 Austal Ltd. 283,491 520,718 Australian Finance Group Ltd. 186,297 400,567 Australian Pharmaceutical Industries Ltd. 419,111 373,258 Bank of Queensland Ltd. 555,800 3,869,929 Beach Energy Ltd. 2,204,143 2,167,414 Bendigo & Adelaide Bank Ltd. 252,445 2,042,517 Boral Ltd.(1) 116,988 619,401 Calix Ltd.(1) 39,671 84,060 Cedar Woods Properties Ltd. 8,294 45,011 Champion Iron Ltd.(1) 492,380 2,502,893 Collins Foods Ltd. 16,697 160,894 Coronado Global Resources, Inc.(1) 453,537 242,887 CSR Ltd. 651,143 2,799,491 Dacian Gold Ltd.(1) 129,467 28,363 Deterra Royalties Ltd. 179,435 579,460 Eclipx Group Ltd.(1) 432,641 710,525 Emeco Holdings Ltd.(1) 476,645 332,757 EML Payments Ltd.(1) 327,130 862,970 Galaxy Resources Ltd.(1) 3,318 9,808 Genworth Mortgage Insurance Australia Ltd.(1) 442,504 945,096 Gold Road Resources Ltd. 660,222 763,347 GrainCorp Ltd., A Shares 347,275 1,343,019 Grange Resources Ltd. -
Last Name First Name Company Name Job Title Country Kennedy
Last Name First Name Company Name Job Title Country Kennedy Matthew 1CSI CEO United Kingdom Brown Tom 2H OFFSHORE ENGINEERING LTD Senior Engineer United Kingdom Roos Jan 2MOFFSHORE BV Advisor Netherlands Hardon Maarten 2MOFFSHORE BV Advisor Netherlands Roos Jan 2MOFFSHORE BV Advisor Netherlands Hardon Maarten 2MOFFSHORE BV Advisor Netherlands PETERS Luc 3B-THE FIBREGLASS COMPANY Technical Service Manager Belgium Palmers Geert 3E CEO Belgium Coppye Werner 3E CTO Belgium Pianta Martina 3E Product Manager Belgium Mertiris Vasilis 3E Technical Account Manager Belgium Lead Consultant International Business Estrada Santiago 3E Development Belgium Fripiat Michel 3E Technical Account Manager Belgium De Vylder Thomas 3E CEO Belgium Anderson Lauren 4C Offshore United Kingdom RUSSELL Tom 4C Offshore Press Coordinator United Kingdom ANDERSON Chris 4C OFFSHROE CEO United Kingdom Brown Julian 8.2 AARUFIELD LTD Director United Kingdom Dugué Charles 8.2 CONSULTING AG CEO Germany 't Hooft Jaap 8WINDS Head Netherlands Heap Richard A WORD ABOUT WIND Editor United Kingdom Nielsen Gina A2SEA A/S Senior Marketing Coordinator Denmark Siddiqui Mo. AACTIO GMBH Managing Director Germany Slot René M. M. AALBORG UNIVERSITY PhD candidate Denmark Nielsen Jannie Sønderkær AALBORG UNIVERSITY Assistant Professor Denmark LASOTA Michal ABB Area Sales Manager - Transformer Service Poland Global Marketing & Sales Manager - PRYLINSKI Pawel ABB Renewables Poland Pacheco Ramos Pablo ABB Shell Transformer Product Manager Spain Gracia Abad Juan Pedro ABB Account Manager Spain -
Studieninformationstag 2010
Investor relations 2.0 – An international benchmark study Kristin Koehler, M.A. University of Leipzig | Institute of Communication and Media Studies | August 2011 1 / Kristin Koehler | University of Leipzig | www.communicationmanagement.de Content Outline of the study Research design Empirical insights Best practices Summary of findings 2 / Kristin Koehler | University of Leipzig | www.communicationmanagement.de Outline of the study _ Online content analysis of top 30 listed businesses in the United States (Dow Jones Industrial Average), Germany (DAX), UK (FTSE), France (CAC) and Japan (Nikkei) _ In addition, comparison of the IR 2.0 engagement of German companies listed in DAX, MDAX, TecDAX and SDAX _ Longitudinal design for German and U.S. indices: first IR 2.0 study conducted in 2009 (see DIRK research edition, vol. 17, Köhler, K. (2010): Investor relations and social media) _ Organized by the University of Leipzig, Kristin Koehler, M.A. _ Thanks to Melanie Gerasch and Isabel Reinhardt for their support 3 / Kristin Koehler | University of Leipzig | www.communicationmanagement.de Outline of the study Aims and focus _ Monitoring the status quo in the field of investor relations 2.0 in an international context _ Identifying trends and developments for German and U.S. businesses _ Identifying best practices _ Comparing use of social media for IR purposes in different countries and cultural settings 4 / Kristin Koehler | University of Leipzig | www.communicationmanagement.de Research design _ Online content analysis of 280 listed companies -
18Th German Corporate Conference
18th German Corporate Conference Programme Frankfurt, 21 – 23 January 2019 More than 170 companies confirmed their participation Tue 1&1 Drillisch AG* Mon, Tue Covestro AG Mon Hamburger Hafen und Logistik AG Wed Munich Re* Mon Ströer SE & Co. KGaA Wed Aareal Bank AG Wed CropEnergies AG Wed Hannover Rück SE Tue Mutares AG Tue Südzucker AG* Mon-Wed adidas Group* Mon CTS EVENTIM AG & Co. KG aA* Wed Hapag-Lloyd Aktiengesellschaft Tue NEMETSCHEK SE Tue Symrise AG Wed Adler Modemärkte AG Wed Delivery Hero SE Wed Hawesko Holding AG* Tue Nordex SE Mon TAG Immobilien AG Mon ADLER Real Estate AG* Wed Deutsche Börse AG Mon HeidelbergCement AG Mon, Wed NORMA Group SE Wed TAKKT AG Wed AGRANA Beteiligungs-AG* Tue Deutsche EuroShop AG* Mon Heidelberger Druckmaschinen AG Tue OSRAM Licht AG Wed Talanx AG* Wed AIXTRON SE* Tue, Wed Deutsche Lufthansa AG Tue HELLA KGaA Hueck & Co.* Tue PALFINGER AG Tue Tele Columbus AG* Wed Allianz SE* Wed Deutsche Pfandbriefbank AG Tue HOCHTIEF Aktiengesellschaft* Mon PATRIZIA Immobilien AG Tue Telefónica Deutschland Holding AG Tue alstria office REIT-AG* Mon Deutsche Telekom AG* Tue, Wed Hugo Boss AG Mon Pfeiffer Vacuum Technology AG* Tue thyssenkrupp AG* Wed ANDRITZ AG* Mon, Tue Deutsche Wohnen SE Tue IMMOFINANZ AG Tue PORR AG Tue TLG IMMOBILIEN AG Tue Aroundtown S.A. Mon Deutz AG Mon innogy SE* Tue Porsche Automobil Holding SE* Wed TOM TAILOR Holding SE* Mon AT&S AG Mon, Tue Dialog Semiconductor plc Mon Instone Real Estate Group AG Tue, Wed ProCredit Holding AG & Co. KGaA Tue, Wed TUI Group Tue Aurubis AG Wed Drägerwerk AG & Co.