Better Health for All

The company, an ETF, has an investment focus on healthcare, with 74.03% of its sector breakdown in Health Care as of May 31, 2025.

When considering other health-related sectors like Consumer Discretionary (5.37% for vision care) and Consumer Staples (3.06% for consumer health), approximately 82.46% of its portfolio is dedicated to health-related companies. The ETF explicitly excludes investments in tobacco, a product with well-established negative health outcomes, indicating no significant revenue from such harmful activities.

Fair Pay & Worker Respect

In 2023, 25.8% of the workforce was covered by collective bargaining agreements.

Clearstream, part of the group, reported a median bonus pay gap of 24.00% in 2024, meaning women earned 76% of men's median bonus. The company's annual employee satisfaction survey had a target approval rate of 71.5%. In 2024, Evotec, another part of the group, experienced a reorganization program that affected approximately 7% of its global workforce. In 2023, 294 out of 14,502 employees were temporary, representing about 2.03% of the total workforce. The Deutsche Börse Group's whistleblower system handled 11 cases requiring remedial action in 2023.

Honest & Fair Business

The company has a formal global whistleblowing policy that includes a dedicated 24/7 ethics hotline with various reporting channels, options for anonymity, protection from retaliation, confidentiality, and an investigation framework with timeframes and procedures for handling reports.

It also references specific local laws. The annual and consolidated financial statements for 2024 were audited by PwC, which issued an unqualified audit opinion, and PwC also reviewed the half-yearly financial report. However, the percentage of revenue, assets, or subsidiaries covered by this independent external audit is not specified beyond financial statements. Supervisory Board members disclose conflicts of interest, and one member recused themselves from discussions on EU antitrust investigations to avoid a potential conflict. The company's anti-corruption policy addresses corruption and bribery, including non-compliance with legislation, but lacks clear guidance on facilitation payments or gift thresholds. The extent of independent verification for ethical claims is not specified beyond PwC's audit of financial statements and a limited assurance review of the Group sustainability statement.

Kind to Animals

The company is included in the Solactive Eurozone Sustainability Index NTR, which excludes companies that conduct animal tests within or beyond legal requirements, indicating an absolute global ban on animal testing.

Symrise, a company mentioned in the articles, maintains four development centers housing approximately 1,100 dogs and cats for research on feed acceptance and behavior, and states that 100% of its suppliers were subjected to a sustainability risk assessment based on the German Supply Chain Due Diligence Act (LkSG). Symrise also reported R&D expenses of 5.5% of sales in 2024 and is actively involved in the EPAA and IFRA in the European Commission's work on phasing out animal testing in chemical safety assessments. Symrise uses artificial intelligence to optimize resource use, which can be interpreted as a non-animal method. Bell Food Group, another company mentioned, aims to increase the proportion of animal raw materials with animal welfare labels and strives to use 100% eggs and egg products from certified cage-free sources, with birds in integrated poultry production in Switzerland, Austria, and Germany certified 100% to a standard exceeding national legislation. Bell Food Group also supports the Swiss Antibiotic Resistance Strategy (StAR) and is committed to avoiding the slaughter of healthy pregnant cattle and cows in Switzerland. Evotec, also mentioned, welcomes the FDA's “Roadmap to Reducing Animal Testing in Preclinical Safety Studies” and is aligned with the 3-Rs principles.

No War, No Weapons

The provided articles are financial summaries for Deutsche Effecten und Wechsel Beteiligungsgesellschaft AG (EFFG) and do not contain any information related to the company's involvement in arms manufacturing, military contracts, conflict facilitation, or peacebuilding initiatives.

All KPIs relevant to the 'No War, No Weapons' ethical value lack specific, concrete data points in the evidence provided, as explicitly noted in the data gaps.

Planet-Friendly Business

DWS Investment Management Americas Inc., a U.S. advisory unit of Deutsche Bank AG, was sanctioned by the SEC for alleged greenwashing.

The firm agreed to pay US$19 million to settle charges that it made "materially misleading statements" about its ESG investment processes and failed to implement certain provisions of its global ESG integration policy from August 2018 until late 2021. DWS did not admit or deny the SEC's findings but acknowledged weaknesses in processes and procedures that it has since addressed. Regulators in Germany are also investigating similar accusations.

Safe & Smart Tech

An Ethics Board has been established to ensure AI/ML tools comply with EU's 7 Key Requirements for Trustworthy AI, including human oversight, data privacy, fairness, and accountability.

This board evaluates AI systems against these principles, drafts guidelines, and supports project teams in implementing ethical best practices.