DGAP-News: Vonovia SE / Key word(s): Sustainability
Vonovia Wins Top Spot in ESG Rating of European Real Estate Companies
- Top result in ESG Risk Rating at Sustainalytics
- Further improvement in ESG DAX expected
Bochum, Germany, September 3, 2020 - Vonovia has earned the top spot in a recent sustainability ranking of European real estate companies undertaken by Sustainalytics. Sustainalytics, a leading research, rating and data company for environmental, social and governance-related issues (ESG rating) announced the top spot was going to Vonovia SE.
In the global ranking, Vonovia is in fourth place in the "real estate" category out of 917 real estate companies and in 17th place overall out of the 12,500 companies rated by Sustainalytics.
Rolf Buch, Chief Executive Officer of Vonovia: "We are very happy about this result. This positive ESG rating underlines our conviction that sustainability and economic success are inseparable. Alongside demographic change and the housing shortage, climate change is one of the central challenges that we must find solutions for. We feel vindicated in our determination to continue firmly anchoring the issue of sustainability within the company and to live up to our social responsibility."
The Sustainalytics ESG Risk Rating focuses on sustainability risks that could have material consequences for companies. This result is very positive for Vonovia - the report classifies the financial risk from ESG factors for Vonovia as "negligible." Vonovia also achieved excellent ratings in the categories "Corporate Governance," "ESG Integration - Financials" and "Business Ethics." Vonovia is expecting an improvement in its DAX ESG rating, which incorporates the Sustainalytics ESG assessment.
Further information can be found at www.sustainalytics.com
The sustainability report can be found online at:
October 1, 2020: "Outlook for climate-neutral living" (Perspektiven klimaneutralen Wohnens) conference, both in digital form and on the EUREF Campus in Berlin
Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 415,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 73,000 apartments. Its portfolio is worth approximately € 55.7 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Accordingly, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.
The company, which is based in Bochum, has been listed on the stock exchange since 2013 and on the DAX 30 since September 2015. Vonovia SE is also listed on the international indices STOXX Europe 600, MSCI Germany, MSCI Germany, GPR 250 and EPRA/NAREIT Europe. Vonovia has a workforce of over 10,000 employees.
This press release has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Vonovia's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. Vonovia is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release.
File: Vonovia Wins Top Spot in ESG Rating of European Real Estate Companies _PI_200803
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