Dachverband der Kritischen
Aktionärinnen und Aktionäre

Postfach 30 03 07
50773 Köln

Pellenzstr. 39 (Hinterhaus)
50823 Köln

Telefon Mo bis Do
0221 - 599 56 47

0221 - 599 10 24

0173 - 713 52 37




IBAN: DE 89 3705
0198 0008 9622 92





Association of Ethical
Shareholders Germany
P.O.Box 30 03 07
D-50773 Köln

Pellenzstr. 39
D-50823 Köln

Phone Mon til Thu
+49-221-599 56 47

+49-221-599 10 24

Cell phone
+49-173-713 52 37

Information in
English Language


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Position:   English

Welcome to the Association of Ethical Shareholders Germany

Bishop Jo Seoka from South Africa speaking at BASF AGM 2015
Deutsche Bank is ruining Milwaukee homes!
Common Ground members and Ethical Shareholders at Deutsche Bank AGM 2011
Paul Corbit Brown accuses Deutsche Bank investing in mountaintop removal

30 years for peace, protection of the environment and human rights
That’s what the Association of Ethical Shareholders has been fighting for in the general assemblies of German companies for 30 years. They are concerned about maintaining jobs as well as apprenticeship training positions, they care for the protection of the environment and the production of eco-friendly products. Societal restrictions on individual property rights are an issue the Ethical Shareholders fight for as well, and they criticize the constraint of the shareholder value.
The German NGO seated in the city of Cologne unites more than 30 societal and environmental organizations. It is supported mainly by small shareholders, all of whom demand the stopping of the entanglement of companies in the production of weapons, are against support of atomic energy and environmentally harmful deals.

Deutsche Bank AGM 2016:
As in previous years the Association of Ethical Shareholders continues together with its member organizations the fight for a better Deutsche Bank. Various topics were raised as for instance the Panama Papers, the financing of Mountaintop Removal, the climate footprint and the financing of armament. After all, only little movement of the Deutsche Bank can be seen regarding these questions.
> Read more

BASF AGM 2016: Ethical Shareholders Germany propose provisions for Marikana compensation fund
The Board of Executive Directors continues to not meet its obligation of due diligence in the supply chain with regard to the British mining company Lonmin, of which BASF is its main customer for platinum. South African Bishop Jo Seoka demands 8 Million Euros for a compensation fund for the surviving dependents of the massacre of Marikana.
> Countermotions

Dorothea Kerschgens deceased

We are very sad that our former fellow board member Dorothea Kerschgens died on March 11 at the age of 67. She was one of the first speakers on Annual General Meetings of banks who criticized them for collaborating with the former Apartheid regime in South Afrikca. Dorothea who served the Association of Ethical Shareholders Germany from 2004 until 2014 will never be forgotten.

A centre for social and environmental organizations and small shareholders
The Association of Ethical Shareholders focus on the 30 corporations listed in the German index of stocks (DAX, so-called DAX-30-companies). Ethical Shareholders organize the common campaigns of their member organizations. They are a central point for small shareholders, who want their shares to be disposed of in a responsible way. Around 5000 small shareholders have delegated their proxy rights to the umbrella organization, in order to consciously assume their social and ecological responsibility.
> Board and Staff
> Delegate your proxy right to the Ethical Shareholders
> Annual General Meeting (shareholder meetings)
> Deutsche Bank
> Mountaintop Removal
> Henry Mathews Award

A Testimonial

"I want to again extend my deepest gratitude for everything the Ethical Shareholders of Germany have done to make all this good work possible. The results are beginning to show and I am encouraged by all these things."
Paul Corbit Brown, President of Keeper of the Mountains Foundation, West Virginia/USA

Deutsche Bank: Investing in weapons manufacturing, speculating in farm production and gambling with subprime mortgages
Shareholder activists and customers in Germany are demanding that Germany´s biggest bank, Deutsche Bank, change controversial financial practices like speculating in farm production, investing in weapons manufacturing and making profit from subprime mortgages. 
> TV documentary "A Crisis in Trust - The Case of Deutsche Bank" by Deutsche Welle
> German bank under fire in Florida and at home
> Deutsche Bank is Florida´s Slumlord

Ethical Shareholders Germany support Southeastern Wisconsin Common Ground against Deutsche Bank
The Association of Ethical Shareholders has supported Southeastern Wisconsin Common Ground in its fight against Deutsche Bank since 2010. In May 2011 CEO Dr. Josef Ackermann affirmed the bank´s financial commitment to the "Milwaukee Rising" Project.
> Press Release June 8, 2011: Deutsche Bank CEO Publicly Affirms Financial Commitment to Milwaukee Rising Project
> German TV magazine "Panorama" on the US foreclosure crisis, Deutsche Bank and Common Ground
> Wall Street Journal reported on Ethical Shareholders: " ... ´The denial of facts and the rejection of responsibility by the Management Board of Deutsche Bank in connection with the subprime crisis…casts doubts on the bank's credibility and thus leads to significant reputational damage,´ wrote the Association of Ethical Shareholders in Germany. ..."


Would you like to get in touch with Ethical Shareholders Germany?
Association of Ethical Shareholders Germany
P.O.Box 30 03 07
D-50773 Köln
Office: Pellenzstr. 39
D-50823 Köln
Phone: 0049-221-599 56 47
Fax: 0049-221-599 56 47
Email: dachverband[at]kritischeaktionaere.de

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