EQS-News: SIGNA Prime Awarded ‘Prime’ Status in ISS ESG Sustainability Rating
EQS-News: SIGNA Prime Awarded ‘Prime’ Status in ISS ESG Sustainability Rating
EQS-News: SIGNA Prime Capital Market GmbH / Key word(s):
Sustainability/ESG
SIGNA Prime Awarded ‘Prime’ Status in ISS ESG Sustainability Rating
08.02.2023 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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SIGNA Prime Awarded ‘Prime’ Status in ISS ESG Sustainability Rating
Vienna, February 8, 2023 — SIGNA Prime Selection AG (“SIGNA Prime”) has
been awarded ‘Prime’ status in the sustainability rating by ISS ESG, a
leading global research and rating agency. SIGNA Prime achieved a ‘C+’
score in the ESG Corporate Rating. This positions the company within the
top 10% in the global real estate peer group rated by ISS ESG. ‘Prime’
status is awarded to companies that exceed the industry-specific threshold
for sustainability and meet the stringent environmental, social, and
governance criteria.
It was only in September of last year that SIGNA Prime achieved an ESG
risk rating of 9.7 (“negligible risk”) provided by rating agency
Sustainalytics following a prior rating of 11.3 (“low risk”) in December
2020 (scale from 0 to 100, with 0 representing a negligible ESG risk).
Timo Herzberg, CEO of SIGNA Prime: “The ISS ESG Corporate Rating is a
recognition of our long-standing sustainability efforts and will be a
major contributing factor in further strengthening our investor base. It
validates the excellent ESG rating we received from Sustainalytics and
confirms that SIGNA Prime is committed to meeting high standards when it
comes to acting responsibly.”
ISS ESG rates companies based on approximately 100 different and mainly
industry-specific indicators. ISS ESG applies stringent standards to
ensure companies are meeting the environmental (E), social (S), and
governance (G) requirements and assigns them one of twelve grades on a
scale from ‘A+’ to ‘D-’. ‘Prime’ status is applied when a company achieves
a grade of ‘C’ or better in the international Real Estate benchmark group.
Further information about ISS ESG and the ESG Corporate Rating can be
found at [1] https://www.issgovernance.com/esg/ratings/.
About SIGNA Prime Selection AG
SIGNA Prime Selection AG (“SIGNA Prime”) is one of the largest European
non-listed commercial real estate groups with a Gross Asset Value of
€18.8b as of year-end 2021.
SIGNA Prime exclusively owns and manages properties with a long-term
perspective. The portfolio is concentrated on the largest cities in
Europe, focusing on the German-speaking region. In 2022, SIGNA Prime
acquired the world-renowned luxury retail property Selfridges in London.
The company also owns the luxury department store KaDeWe and the UPPER
WEST office tower in Berlin, Goldenes Quartier as an extension of Vienna’s
downtown pedestrian area, and other well-known buildings in major cities,
such as Berlin, Vienna, Hamburg, Munich, and Zurich.
Centrally located, established properties are characterized by
persistently high demand. In order to expand the resilient portfolio and
continue to generate high value, SIGNA Prime is actively repositioning,
modernizing, and redeveloping further city-center assets over the next
years. All new projects will be certified to international green building
standards.
Additional information is available at [2] www.signa.at
Questions?
Robert Leingruber
[3]r.leingruber@signa.at
+43 1 5329848-0
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08.02.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: SIGNA Prime Capital Market GmbH
Freyung 3
1010 Wien
Austria
E-mail: investor@signa.at
Internet: www.signa.at
ISIN: AT0000A0WPF1
WKN: A1HAYF
Listed: Luxembourg Stock Exchange (Euro MTF), Vienna Stock Exchange
(Vienna MTF)
EQS News ID: 1554101
End of News EQS News Service
1554101 08.02.2023 CET/CEST
References
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3. r.leingruber@signa.at
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