Corporate Governance report

Corporate governance regulations are intended to ensure good, responsible and value-oriented corporate management. The Federal Government amended the Public Corporate Governance Code of the Federal Government (Public Corporate Governance Kodex des Bundes; PCGK) on the principles of good corporate and investment management by resolutions dated September 16, 2020, December 13, 2023, and November 6, 2024. The PCGK sets out the essential provisions of applicable law governing the management and monitoring of non-listed companies in which the Federal Republic of Germany holds a majority stake, while outlining the internationally and nationally acknowledged principles of good and responsible corporate management. The goal of the PCGK is to make corporate governance and monitoring more transparent and comprehensible, and to clarify the Federal Government’s role as a shareholder. At the same time, the aim is to raise awareness of good corporate governance.

We firmly believe that good corporate governance is an essential foundation for the success of DB Group. We aim to sustainably increase the value of the company while promoting the interests of customers, business partners, investors, employees and the public, while maintaining and expanding trust in DB Group.

For groups under uniform management, the executive bodies of the parent company should jointly issue the statement of compliance for the parent company of the group and the companies under its uniform management which are to apply the Code. Deutsche Bahn AG (DB AG) complies with this recommendation below. The statement of compliance is an essential part of the Corporate Governance report, which is therefore also submitted in its entirety at the level of the Group’s parent company.