Business news for the stock market
Peach Property Group AG: First ESG Risk Rating by Morningstar Sustainalytics and classification in risk category "low"
Zürich (pta007/28.11.2022/07:00 UTC+1)
Corporate news for the stock market
- First rating for Peach Property Group by an ESG rating agency
- Sustainalytics assesses ESG risk score of 11.5, placing the company in the risk category "low"
- Peach Property Group thus ranks among the top four percent of over 15,000 companies evaluated
Peach Property Group AG, a real estate investor with an investment focus on rental properties in Germany, has received its first rating by an ESG rating agency and achieved a good result with the risk category "low". The rating by Sustainalytics thus marks another milestone in the implementation of Peach Property Group's sustainability strategy.
In November 2022, Peach Property Group received an ESG Risk Rating of 11.5 and was assessed by Sustainalytics to be at "low" (10 to 20) risk of experiencing material financial impacts from ESG factors. The ESG Risk Rating places Peach Property Group in the top eleven percent of over 1,000 real estate companies assessed globally by Sustainalytics. In the more narrowly defined segment real estate management, Sustainalytics ranks Peach Property Group 21st out of over 150 companies. In addition, the ESG Risk Rating places the company in the top four percent of over 15,400 companies assessed by Sustainalytics globally.
In Peach Property Group's ESG Risk Management, Sustainalytics highlights as key positives ESG integration, conducting lifecycle assessments for newly acquired properties, regular tenant satisfaction surveys, and product governance, in other words the way the Group interacts and deals with its tenants. Sustainalytics rates the ESG Risk Exposure at 27.4 and hence in the category "low" (0 to 35).
Dr. Thomas Wolfensberger, CEO of Peach Property Group AG, commented: "Sustainability is a key success factor for Peach Property Group. Through the targeted measures we have chosen, we are constantly improving performance in all areas of sustainability. The progress that we have achieved in energy efficiency is directly reflected in the market value of our properties. We are therefore delighted to receive such a good rating from Sustainalytics, which underlines the success of our ESG activities. We will continue to place sustainable corporate governance and the well-being of our tenants and employees at the center of our future actions. In doing so, we will leverage value across the board, for our tenants, the environment, society and, of course, our investors."
Thorsten Arsan, CFO and Chair of the Sustainability Committee at Peach Property Group, added: "Our sustainability strategy is also of increasing importance in discussions with our investors. Accordingly, undergoing the rating process with Sustainalytics for the first time was a valuable opportunity to subject our sustainability efforts to external benchmarking and identify potential for further improvement."
Morningstar Sustainalytics is a leading ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies. For nearly 30 years, the firm has been at the forefront of developing high-quality, innovative solutions to meet the evolving needs of global investors. Today, the firm works with hundreds of the world's leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. The firm also works with hundreds of companies and their financial intermediaries to help them consider sustainability in policies, practices, and capital projects. For more information, visit www.sustainalytics.com.
Contact:
Media, investors, and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer, Thorsten Arsan, Chief Financial Officer, and Stefan Feller, Head of Investor Relations
+41 44 485 50 18 | investors@peachproperty.com
Media Germany
Edelman Smithfield, Ruediger O. Assion
+49 (0) 221 8282 8111 | mobile: +49 (0) 162 4909624 | ruediger.assion@edelmansmithfield.com
About Peach Property Group AG
The Peach Property Group is a real estate investor with an investment focus on residential rental properties in Germany. The Group stands for many years of experience, competence and quality. Innovative solutions for state-of-the-art living needs, strong partnerships and a broad value chain round off the profile. The portfolio consists of high-yield portfolio properties, typically in B-cities in the catchment area of conurbations. In addition, the Group develops real estate for its own portfolio or for condominium marketing. In the latter area, the Group concentrates on A locations and properties with attractive architecture and upscale furnishings for an international clientele. Its activities span the entire value chain from evaluating locations through to acquisitions and also active asset management and property sales or lettings.
Peach Property Group AG has its registered office in Zurich and the Group is headquartered in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366). Its Board of Directors consists of Reto Garzetti (President), Peter Bodmer, Dr. Christian De Prati, Kurt Hardt and Klaus Schmitz.
More information at https://www.peachproperty.com/en/
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Emitter: |
Peach Property Group AG Neptunstrasse 96 8032 Zürich Switzerland |
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Contact Person: | Dr. Thomas Wolfensberger and Thorsten Arsan | |
Phone: | +41 44 485 50 00 | |
E-Mail: | investors@peachproperty.com | |
Website: | www.peachproperty.com | |
ISIN(s): | CH0118530366 (Share) | |
Stock Exchange(s): | SIX Swiss Exchange; Free Market in Berlin, Frankfurt, Stuttgart |