EQS-News

DIC Asset AG: Manage-to-ESG strategy earns excellent rating results

EQS-News: DIC Asset AG / Key word(s): ESG/Real Estate DIC Asset AG: Manage-to-ESG strategy earns excellent rating results 20.03.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Press release

 

DIC Asset AG: Manage-to-ESG strategy earns excellent rating results

 

• Continuous improvement in ESG ratings by MSCI and S&P
• “Top rated” badges by Sustainalytics for outperformance last year
• Consistent implementation of the Manage-to-ESG strategy and further expansion of the green building share

Frankfurt am Main, 20 March 2023. DIC Asset AG (“DIC”), ISIN: DE000A1X3XX4, one of Germany’s leading listed property companies, has earned excellent rating results from the rating agencies MSCI and S&P for consistently pursuing its Manage-to-ESG strategy. MSCI upgraded DIC from an A to an AA rating. In the CSA rating (Corporate Sustainable Assessment) of S&P, the company substantially improved its score by 12 points. This puts DIC among the best 20% among international real estate industry players. In addition, the internationally renowned research, ratings and analytics firm Sustainalytics awarded DIC the badges “ESG Industry Top Rated” and “Region Top Rated” for its outperformance in last year’s ESG Risk Rating. Sustainalytics measures the most important industry-specific ESG risks and how well a company manages them.             

The background to the sweeping external recognition of its ESG strategy is that DIC reached and exceeded the green building targets of its proprietary portfolio well ahead of schedule, among other things. The original objective of DIC had been to attain a green building share of 20% in its proprietary building portfolio by the end of the 2023 financial year. Yet as early as the key date of 31 December 2022, the company raised the share to more than 30%. At the same time, DIC is steadily expanding the proportion of climate-efficient properties in its Institutional Business. Most recently, DIC received the platinum certificate from the German Sustainable Building Council (DGNB) for the first time for an office property in the Lyoner Viertel in Frankfurt-Niederrad.