2014 German Investors’ Award for Responsible Business Practices goes to Munich Re and MTU Aero Engines
On December 5th, Deutsche AWM and the M. DuMont Schauberg media group conferred the German Investors’ Award for Responsible Business Practices for the fourth time. The 2014 award winners are Munich Re and the aircraft engine manufacturer MTU Aero Engines.
Munich Re honoured for operational ecology and environment-oriented insurance business
MTU is this year’s rising star in the ESG ranking
Stringent selection procedure on ESG basis
The German Investors’ Award for Responsible Business Practices is based on a two-step process that is conducted under the scientific direction of Professor Alexander Bassen from the University of Hamburg. As the first step, 162 German companies were assessed using quantitative analysis based on key performance indicators for extra / non-financials (KPIs) from DVFA/EFFAS as well as Sustainalytics core data. In addition, the nominees had to fulfil the qualitative requirements of the ESG Panel, which checked the results of the quantitative analysis with reference to the ESG factors - environment, social and corporate governance - and made the final decision on conferral of the awards.
The members of the ESG Panel were Professor Alexander Bassen (University of Hamburg), Ralf Frank (Secretary General DVFA), Hendrik Garz (Managing Director Sustainalytics), Robert von Heusinger (Executive Officer of the M. DuMont Schauberg media group), Professor Christian Strenger (a member of the German Government Commission on Corporate Governance and a member of the supervisory board of Deutsche AWM), Henning Gebhardt (Head of Equities Deutsche AWM) and Michael Schneider (Head of Environmental, Social & Governance Deutsche AWM).
“We at Deutsche Asset & Wealth Management say: Only companies that operate responsibly will be able to succeed in the long term.”