Vonovia SE: 211220_Vonovia with top position in S&P Global sustainability ranking
/ Key word(s): Sustainability
Vonovia with top position in S&P Global sustainability ranking - Membership in Dow Jones Sustainability Index has been strengthened
- Further improvement in rankings compared with previous year
- Vonovia has a leading position in the industry
- Good results in CDP and Sustainalytics ESG risk ratings
- ESG criteria - an important part of Vonovia's corporate strategy
Bochum, 20 December 2021 -Vonovia SE (Vonovia) has achieved an outstanding result in the latest sustainability ranking of the rating agency Standard & Poor's Global. With a total score of 68 out of 100, the Bochum-based company continues to be one of the best-rated companies in the industry.
Vonovia's place among the first 7% of the world's globally active property companies also confirms its ranking on the prestigious Dow Jones Sustainability Index (DJSI) for Europe. Using economic, environmental and social sustainability criteria, this family of indices features the best 10% among the largest 2,500 companies on the S&P Index. The DJSI, one of the most relevant valuation bases for investors with a focus on sustainability, lists only two German property companies: Vonovia and alstria.
"We'd like to congratulate Vonovia on being represented on the Dow Jones Sustainability Index in Europe. It shows that Vonovia is an industry leader in matters of sustainability. The record number of companies participating in the S&P sustainability assessment in 2021 shows a growing desire for the disclosure of ESG criteria (environment, social and governance) as well as transparency," says Manjit Jus, Global Head of ESG Research at S&P Global.
Climate strategy and social engagement
Vonovia scored particularly well on social criteria, where it reached 72 points - better than 97% of the property industry in general. One area that was rated as outstanding was social engagement and welfare. Another domain where Germany's biggest housing company gained a top position was ecology, with a particularly high score for its climate strategy.
Also excellent results in CDP and Sustainalytics ESG risk ratings
Vonovia has also continued to improve in the ESG risk ranking of the independent service provider Sustainalytics. Its score is now 6.7, so that it features in the lowest risk category - "Negligible Risks". Vonovia is therefore among the world's 25 companies with the best results - out of around 15,000 companies assessed in total. 1,054 of those global companies were property firms, and Vonovia actually came third among them.
Vonovia is continuing in its pursuit and commitment to its own sustainability strategy. By 2050, for example, Vonovia SE is planning to equip all suitable roofs with solar panels, and it is currently rolling out its first energy renovation project under the Energiesprong principle this year. This involves the gradual refurbishment of 24 flats without any impact on rental fees (which include heating). The project will eventually also be rolled out in other neighbourhoods in Germany. Another area where Vonovia is stepping up its efforts is biodiversity, which was rated far above average in the latest review by the S&P sustainability assessment. To encourage wildlife and promote biodiversity, Vonovia has been working with the German Nature and Biodiversity Conservation Union (NABU) in creating numerous wildflower meadows - 96,400 sqm so far, a figure that is set to rise substantially in the future.
The company, which is based in Bochum, has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been a constituent in the DAX 30 (today DAX 40) and since September 2020 in the EURO STOXX 50. Vonovia SE is also a constituent of additional national and international indices, including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe, and GPR 250 World. Vonovia has a workforce of more than 16,000 employees (Deutsche Wohnen included).
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.
20.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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