GRENKE achieves top ranking in DVFA’s Corporate Governance Scorecard

GRENKE achieves top ranking in DVFA’s Corporate Governance Scorecard

Baden-Baden, December 12, 2022: Leasing specialist GRENKE AG achieved a top position in this year’s assessment of corporate governance conducted by the professional association of capital market experts (German Association for Financial Analysis and Asset Management – DVFA) in the SDAX market segment. Achieving 74.14 percent of the possible points (2020: just under 52 percent), GRENKE advanced to third place among a total of 64 assessed SDAX companies. GRENKE thereby significantly outperformed the average score in both the SDAX (53.67 percent) and the MDAX (60.96 percent).

GRENKE’s interim CEO and CFO, Dr Sebastian Hirsch, attributes this strong rating to the dedicated efforts over the past two years: "Our good ranking in this renowned corporate governance benchmark confirms that we take these topics very seriously. We have not only announced major improvements in this area, but also consequently implemented them. This is the best prerequisite for GRENKE’s new strength. Good governance and open communication are essential for the company’s success."

As part of the DVFA scorecard, the professional association annually analyses and assesses the corporate governance of all companies based in Germany included in the DAX, MDAX and SDAX. The full results are published here: https://www.dvfa.de/fileadmin/downloads/Verband/Kommissionen/Governance_Sustainability/Auswertung_DVFA_Scorecard_2022.pdf
 

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About GRENKE

The GRENKE Group (GRENKE) is a global financing partner for small and medium-sized enterprises. As a one-stop shop for customers, GRENKE’s products range from flexible small-ticket leasing and demand-driven bank products to convenient factoring. Fast and easy processing and personal contact with customers and partners are at the centre of GRENKE’s activities.

Founded in Baden-Baden in 1978, the Group today has over 1,900 employees (measured in full-time equivalents) in 33 countries worldwide. GRENKE shares are listed on the Frankfurt Stock Exchange (ISIN: DE000A161N30).