05.11.2021

Outstanding Sustainability Management: LEG achieves Top Ranking in Sustainalytics' independent ESG Risk Rating


  • Among TOP 1% of over 14,600 companies worldwide; Number 8 of 1,043 companies in the Global Real Estate Sector
  • Sustainalytics rates company's ESG risk in "negligible" category
  • Risk score drops significantly from 10.4 to 7.8

LEG Immobilien SE has been focusing on active sustainability management for many years. In doing so, the company pays full attention to the ESG criteria (E for ecology, S for social, G for governance) and is committed to a transparent ESG strategy, which was published in June 2021 and serves as an overall framework for the overall corporate strategy.

On 4 November 2021, Sustainalytics provided LEG Immobilien SE with an updated ESG Risk Rating of 7.8 for the fiscal year 2020. This improves the company's score by 2.6 points and places it in the "negligible" risk category due to its sustainable corporate development. Thanks to the improved score, the company is now ranked in the Top 2% of all 1,043 real estate companies assessed globally by Sustainalytics. In the more narrowly defined sector of Real Estate Management, LEG achieved the second place out of 154 companies analyzed, thus further expanding its top position here as well. In addition, LEG currently ranks among the top 1 percent of more than 14,000 companies from various industries worldwide.

Lars von Lackum, CEO of LEG Immobilien SE: "As Germany's largest private residential landlord, we take our responsibility for sustainable issues very seriously, and with our ESG Strategy Update in 2021 we have once again emphasized the fact that economic success and sustainability go hand in hand. We have already achieved many good, sustainable results in previous years and this year we have made further progress. This is confirmed by the updated ESG Risk Rating from Sustainalytics. We are very proud of the result and our positioning among the 2% of globally rated real estate companies."

The ESG rating agency Sustainalytics provides financial market participants with ESG-related ratings at the company and industry level for 14,620 companies worldwide for assessing the sustainability of capital investments. Sustainalytics categorizes companies' ESG risk into five levels: Negligible (Current LEG ESG Risk Category), Low, Medium, High and Severe. The rating scale covers 0-100, with LEG at 7.8 in the 2020 rating. For more information please visit www.sustainalytics.com.

About LEG

With around 145,000 rental properties and approximately 400,000 residents, LEG is one of Germany’s leading listed housing companies. The company has seven branch offices in its home state of North Rhine-Westphalia, and is represented by personal local contacts at locations in other states in western Germany.

LEG generated income of around EUR 861 million from its core rental and lease business in the 2020 financial year. As part of the new construction campaign it launched in 2018, LEG wishes to make a social contribution towards creating both privately financed and publicly subsidised housing, and to build or acquire at least 500 new apartments per year from 2023 onwards.

Press Contact:

Sabine Jeschke
Tel. +49 211 45 68-325
E-Mail: sabine.jeschke@leg-wohnen.de

 

Investor Relations Contact:
Frank Kopfinger
Tel. +49 211 45 68-550
E-Mail: frank.kopfinger@leg-se.com

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Disclaimer

This publication constitutes neither a solicitation to buy nor an offer to sell securities. To the extent that we express forecasts or expectations or make forward-looking statements in this document, these statements can entail known and unknown risks and uncertainties. These statements reflect the intentions, opinions or current expectations and assumptions of LEG Immobilien AG. The forward-looking statements are based on current planning, estimates and forecasts, which LEG Immobilien AG has made to the best of its knowledge, but that are not a statement on their future accuracy. Actual results and developments can therefore differ materially from the expectations and assumptions expressed.

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