DGAP-News: SIGNA Real Estate Management GmbH / Key word(s): Rating
SIGNA Development Selection AG among top 1% in industry with current ESG rating
2021-03-30 / 09:45
The issuer is solely responsible for the content of this announcement.
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SIGNA Development Selection AG among top 1% in industry with current ESG rating
. Excellent showing by SIGNA development business area
. Second outstanding ESG rating after SIGNA Prime
. Evaluated by rating agency Sustainalytics
Vienna, Austria; March 30, 2021 - As one of Europe's top real estate developers, SIGNA Development Selection AG (SDS)
pursues sustainable and future-proof development. SDS was the second company in the SIGNA Group of Companies after
SIGNA Prime Selection AG to garner a first-rate score ("low risk") in the ESG risk rating by rating agency
Sustainalytics. This puts SDS in 36th place of 1,027 real estate companies assessed by Sustainalytics. In the project
developer category, SDS is among the top 1% of companies rated by Sustainalytics in the industry worldwide. SDS
attained a risk score of 10.6 on a scale of 0 to 100, where 0 represents a negligible ESG risk.
According to Christoph Stadlhuber, CEO of SIGNA Real Estate Austria, "We are very proud of the excellent result we
achieved and our positioning as one of the most sustainable companies in our industry. In our role as a developer of
sophisticated buildings and urban areas, we have the opportunity to implement a holistic sustainability approach. This
is how we create living spaces for future generations that contribute significantly to decarbonizing the real estate
sector thanks to methods of constructing and using buildings that conserve resources."
Sustainalytics is a leading provider of ESG data, market research, and ratings. The Sustainalytics ESG risk rating
assesses sustainability risks and how the company manages them. SDS's financial risk concerning ESG factors was
determined to be "low" due to its strong management of key issues and low sensitivity. In most categories such as
Corporate Governance, ESG Integration - Financials, Community Relations, Product Governance, and Bribery and
Corruption, SDS achieved the highest possible score ("negligible risk"). SDS's rating in terms of Human Capital and
Emissions, Effluents, and Waste was also very good ("low risk").
Timo Herzberg, CEO of SIGNA Real Estate Germany, says, "We see this excellent rating as a confirmation of our
activities to date and motivation for future endeavors. As a partner to cities, we work together to complete projects
in urban centers that bring together major social and environmental value with profitability. We enthusiastically meet
our significant responsibility to society by conducting an active dialogue with all of our stakeholders."
SIGNA Prime already awarded excellent sustainability rating
In December 2020, fellow group company SIGNA Prime Selection AG, one of Europe's largest real estate companies, was the
first company in the SIGNA Group of Companies to receive an excellent ESG risk rating. With a score of 11.3 ("low
risk"), SIGNA Prime was among the top 5% companies in the industry and took 44th place internationally out of 942 total
real estate companies assessed by Sustainalytics.
About SIGNA Development Selection AG
SIGNA Development Selection AG (SDS) is one of five SIGNA Real Estate companies. SDS purchases, develops, and optimizes
classic commercial and residential real estate as well as retail spaces and hotels, often as mixed-use properties, and
entire uraban areas in economically strong urban centers in Germany, Austria, and Northern Italy. The company follows a
buy/develop/sell strategy.
In 2020 the gross asset value was valued at EUR4.1b. Since the company was founded in 2014, SDS has operated successfully
and grown profitably year after year in a dynamic market environment. This has made SDS one of Europe's largest project
development companies.
SDS's porfolio includes development projects in Berlin such as UP!, STREAM, Schönhauser 9 and BEAM, which in the future
will provide modern office and retail spaces at central locations in the German capital. In Austria, the PARKAPARTMENTS
AM BELVEDERE, which are located in one of Europe's largest urban development districts, the Andaz Vienna Am Belvedere
Hotel, and the BEL & MAIN Vienna are among a series of sophisticated, urban real estate developments.
SIGNA plays a major role in developing cities, concentrating not only on individual properties but rethinking concepts
such as urban development, sustainability, multi-use buildings, networking, and mobility. For livable cities - for us
all. Additional information available at www.signa.at.
Contact
SIGNA
Robert Leingruber
Head of Politics & PR
Email: r.leingruber@signa.at
Tel: +43 1 5329848-0
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2021-03-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Archive at www.dgap.de
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Language: English
Company: SIGNA Real Estate Management GmbH
Freyung 3
1010 Wien
Austria
EQS News ID: 1179541
End of News DGAP News Service
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(END) Dow Jones Newswires
March 30, 2021 03:46 ET (07:46 GMT)
