More protection for the environment! More social justice!
That’s what the Association of Ethical Shareholders has been fighting for in the general assemblies of German companies for 25 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.

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
> Company Reports (only in German language)
> Annual General Meetings 2010
> Henry Mathews Award

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.
> 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. ..."

Deutsche Bank Annual General Meeting (AGM) May 23, 2013, in Frankfurt/Germany
Mountaintop removal in the United States of America was one of the issues Ethical Shareholders brought up at Deutsche Bank´s AGM. Invited by their member organization "urgewald" Appalachian environmental activist and photographer Paul Corbit Brown of "Keeper of the Mountains" criticized Deutsche Bank. In contrast to its pro climate statements, the bank continues to massively support the coal industry, which is one of the largest contributors to climate change, and finances companies that are involved in the most damaging extraction methods such as mountaintop removal.

Deutsche Bank AGM May 31, 2012, in Frankfurt/Germany
Deutsche Bank contributes massively to climate damage and to the boom in speculating in munitions and agricultural commodities. In the process, it fails to abide by international conventions and its own maxims.
> Counterproposals

Deutsche Bank AGM 2011 in Frankfurt/Germany
> Press Release May 25, 2011

Deutsche Bank AGM 2010 in Frankfurt/Germany
> Press Release June 1, 2010
> Speech of Mark Fraley, lead organizor of Common Ground, at the Deutsche Bank Annual General Meeting 2010
> Press Review
> Faces of Foreclosure

You would 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
dachverband[at]kritischeaktionaere.de