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    DGAP-News  151  0 Kommentare Adler Group S.A.: Publication of the first ESG report

    DGAP-News: Adler Group S.A. / Key word(s): Sustainability
    Adler Group S.A.: Publication of the first ESG report

    04.05.2021 / 07:00
    The issuer is solely responsible for the content of this announcement.


    Adler Group S.A.: Publication of the first ESG report

    • ESG implemented as one of three key strategic pillars
    • CO2 emissions within the whole portfolio to be reduced by 50% until 2030
    • Following transparent reporting according to the German Corporate Governance Code

    Berlin, 4 May 2021 - Adler Group S.A. ("Adler Group") today published its first sustainability report reflecting the sustainability efforts to date and providing a detailed overview of the most material topics: environmental protection, social affairs and corporate governance.

    ESG firmly anchored in the long-term strategy
    Since the formation of Adler Group in 2020 via the combination of ADO Properties S.A. (renamed into Adler Group S.A.), ADLER Real Estate AG and Consus Real Estate AG, sustainability has been at core of the group's philosophy. Therefore, when the company's corporate strategy was finalised at the beginning of 2021, ESG (Environmental, Social and Governance) has been established as one of the three main pillars of its long-term strategy. To promote sustainability throughout the group, an ESG Board was formed under the direction of Adler Group's Chief Legal Officer, Sven-Christian Frank. The Board was composed including representatives from across different parts of the business as well as sustainability specialists in order to deal with all aspects of sustainability on a day to day basis.

    Measurable goals set for future climate protection
    The most important measurable ESG target Adler Group has set itself is to reduce CO2 emissions within the whole portfolio by 50% until 2030 which is fully in line with the targets set for the real estate sector in the Climate Protection Plan 2050 by the Federal Republic of Germany.

    In the coming years, Adler Group plans to intensify modernisation of its assets through the installation of photovoltaic (PV) systems and combined heat and power plants (BHKW), which are more environmentally friendly than conventional heating systems. In the first step, approximately 1,000 PV systems will be installed on the roofs to cover a demand-based power supply and 200 combined heat and power plants provided for about 1,500 buildings. Furthermore, portfolio optimisation through carefully selected disposals and the build out of the company's build-to-hold development pipeline, adding 10,000 new flats in Germany's top 7 cities, will also play an important part in making the portfolio more sustainable and climate friendly.

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    DGAP-News Adler Group S.A.: Publication of the first ESG report DGAP-News: Adler Group S.A. / Key word(s): Sustainability Adler Group S.A.: Publication of the first ESG report 04.05.2021 / 07:00 The issuer is solely responsible for the content of this announcement. Adler Group S.A.: Publication of the first …