Sustainalytics ESG Ratings: Top Rankings for SIGNA Prime and SIGNA Development

• Both companies in the top 2% of enterprises evaluated worldwide
• SIGNA Development ranked 2nd out of 282 project developers
• Moved up from “low risk” to the best category, “negligible risk”

Vienna, October 4, 2022 – Real estate companies SIGNA Prime Selection AG (SIGNA Prime) and SIGNA Development Selection AG (SIGNA Development) have achieved top rankings among the enterprises evaluated in the most recent ESG risk rating by rating agency Sustainalytics. The two companies have now been moved up to the “negligible risk” category. These sustainability ratings place both SIGNA Prime and SIGNA Development in the top 2% of all enterprises evaluated worldwide.

In this year’s analysis by Sustainalytics, SIGNA Prime was given an ESG risk rating of 9.7 (“negligible risk”) compared with 11.3 (“low risk”) in December 2020 on a scale from 0 to 100, with 0 representing a negligible ESG risk.

SIGNA Development also improved its ESG risk rating, which rose to 9.8 (“negligible risk”) from 10.6 (“low risk”) in 2021. In the “Project developer” category, SIGNA Development ranked 2nd in the Sustainalytics rating ahead of 282 other companies, which puts it in the top 1% in the international real estate industry.

Timo Herzberg, CEO of SIGNA Prime Selection AG and SIGNA Development Selection AG: “We’re delighted with this excellent result. Sustainability lies at the heart of our strategy and is an attitude that is reflected in our daily activities. The ratings underscore our activities and further consolidate our strong positioning.”

The Sustainalytics ESG risk rating assesses sustainability risks and how the company manages them. SIGNA Prime’s and SIGNA Development’s financial risk concerning ESG factors was determined to be “negligible” due to strong management and low sensitivity. The marked improvement for both companies was achieved in areas such as “physical, climate-related risk management”, “human capital development” and “customer environmental efficiency programs”.


About SIGNA Prime Selection AG

SIGNA Prime Selection AG (“SIGNA Prime”) is one of the largest European non-listed commercial real estate groups, with a Gross Asset Value in excess of €23b.

It exclusively owns prime downtown properties with a long-term perspective. The portfolio is concentrated on the largest cities in Europe, focusing on the German-speaking region. In 2022, SIGNA Prime acquired the world-renowned retail property Selfridges in London. The company also owns the luxury department store KaDeWe and the UPPER WEST office tower in Berlin, the Goldenes Quartier as an extension of Vienna’s downtown pedestrian area, and other well-known buildings in major cities, such as Berlin, Vienna, Hamburg, Munich, and Zürich.

Centrally located, established properties are characterized by persistently high demand. In order to expand this crisis-resistant portfolio and generate value, SIGNA Prime is actively repositioning, modernizing, and rebuilding further city-center assets over the next few years. All new projects will be certified to international green building standards.


About SIGNA Development Selection AG

SIGNA Development Selection AG (“SIGNA Development”) is one of the largest residential and commercial property developers in Europe, with total assets of approximately €4.3b and a Gross Development Value of approximately €8b.

Operating predominantly in Germany and Austria, the company develops and sells modern, urban and high-quality properties, which are either newly built or redeveloped to a high standard. All of SIGNA Development’s development projects are earmarked for green building certification. A particular focus are large-scale multi-use projects, redevelopments and conversions, landmark projects, and residential developments.

In Germany, SIGNA Development’s portfolio includes the Berlin project developments Schönhauser Allee, BEAM, and GLANCE, which on completion will offer modern office and commercial space in central and well-connected locations. In Vienna, it owns a diversified portfolio of urban developments such as the project VIENNA TWENTYTWO.


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Robert Leingruber

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