S IMMO AG records further successes in the ESG area

Corporate news

S IMMO AG once again succeeded in surpassing the improvements from the previous year and climbing further up the ESG rating scale. The Sustainalytics ESG Risk Rating, which is strategically important for the company, improved from 15.0 to 12.2. This rating simultaneously classifies S IMMO AG's ESG risk as "low" and its ESG risk management as "strong". With this rating, S IMMO AG ranks among the top 5% of all companies globally and among the top 16% worldwide in an industry comparison.

Decisive factors for this improvement included among others the purchase of buildings in Budapest and Bucharest with green building certifications and the introduction of a science-based climate risk management. The launch of S IMMO’s comprehensive ESG strategy with concrete targets also played a decisive role. This ESG strategy is currently being standardised within the CPI Property Group (CPIPG). In this process, S IMMO AG will also adopt CPIPG's group-wide greenhouse gas reduction target.

Herwig Teufelsdorfer, member of the Management Board of S IMMO AG, comments: "In times of climate crisis, a company can no longer afford not to have an ambitious approach to reducing its own carbon footprint. The current rating improvements clearly demonstrate that S IMMO takes its ESG responsibilities seriously and is doing its part."


Copyright © 2023 Sustainalytics. All rights reserved. This publication contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.