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DAX-AEX Futureproof Index
To what extent do large companies create and destroy value for society? At the Futureproofing Institute, this is our critical question that we aim to answer no matter what we evaluate. This year, we applied this question to the inaugural DAX-AEX Futureproof Index, a new report that covers 52 companies across the two different countries. Expanding the scope of work to Germany allowed the team to not only broaden their work but also deepen their understanding and improve the Integrated Value methodology. This is the next step toward a European-wide benchmark—and to making Integrated Value the gold standard across policy and sustainability.
The Annex
Transparency is key to maintaining both academic integrity and an open dialogue on Integrated Value. In the document ‘Expanded Methodologies and Calculations,’ you will find the full analysis of all 52 companies we assessed across the Netherlands and Germany.
AEX Futureproof Index Report
Large corporations hold immense potential to address global challenges such as climate change and social inequality. By driving positive social and environmental impact, companies not only contribute to societal well-being but also enhance trust in the company and the continuity of its business model long-term. However, traditional performance benchmarks often fail to capture the full picture, focusing primarily on financial indicators such as market capitalisation, Return on Equity (RoE), or Price-to-Book ratio. Risks are typically assessed using backward-looking measures like stock return volatility.
To shift this paradigm, we asked ourselves a critical question: To what extent do large companies create and destroy value for society? The result is the AEX Futureproof Index, an integrated value analysis of AEX-listed companies. This index evaluates companies not only on their financial performance but also on their ability to manage existential risks and generate positive societal and environmental impact.
NS Futureproof Index Report
After completing the AEX Futureproof Index, we were approached by the Nederlandse Spoorwegen about applying our work to their enterprise. The Dutch railway provides comprehensive passenger services for over 10 million people per year. NS wanted to take further look not only at its operational costs but also the added value it brings to society at large. Our report found that their integrated value of €72.8 billion was much larger than its financial value of €6.4 billion. This means that NS has a futureproofing ratio of 11.3, which means huge social and ecological contributions. Click the download button for the full report.
Related publications
Research shows that NS generates social profit: 1.33 billion euros
Erasmus University Rotterdam
Do the Dutch Railways have a positive effect on board prosperity?
Video, Erasmus University Rotterdam
Anyone who takes societal benefits into account arrives at a much higher profit for NS Laura Bershoef, NRC