DGAP-News: CORESTATE publishes first ESG Report and sets concrete sustainability goals

2019. június 18., kedd, 08:19

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real Estate/Strategic Company Decision

CORESTATE publishes first ESG Report and sets concrete sustainability goals

18.06.2019 / 08:19

The issuer is solely responsible for the content of this announcement.

CORESTATE publishes first ESG Report and sets concrete sustainability goals

- Extensive catalogue of ESG objectives adopted

- Reduction of CO2 emissions by at least 20% across the entire portfolio within 5 years

- Relaunch of the company website with a digital Sustainability Report

- Introduction of INREV reporting for client funds

Frankfurt, 18 June 2019. CORESTATE Capital Holding S.A. (CORESTATE), a leading independent real estate investment manager in Europe, today published its first comprehensive Sustainability Report covering the core areas of Environment, Social Affairs and Corporate Governance (ESG). With this report, the company underscores its commitment to responsible business operations and documents in detail how the issue of sustainability has been integrated holistically into the organisation and its products.

"With our transparent and comprehensive sustainability strategy, we are setting new industry standards in the area of ESG. This is not an end in itself, but is due to the increasing demands of our stakeholders - above all our customers," emphasizes Lars Schnidrig, CEO of CORESTATE. "Clear ESG criteria have now been implemented in our investment decisions, asset management and product reporting. We have thus consistently focused on sustainability within the Group and qualified ourselves as a reliable partner for our clients in this area as well."

Investing on the basis of a comprehensible ESG catalogue is essential for institutional investors such as pension funds or pension insurers today. To this end, CORESTATE has anchored sustainability aspects in the entire life cycle of real estate investments. The first central steps included the signing of the UN Principles for Responsible Investment (UNPRI Charter) in February of this year and then the gradual conversion of its own fund products to the comprehensive INREV reporting standard.

"In the course of publishing our first ESG Report, we are at the same time committing ourselves to a whole series of concrete sustainability goals," says Lars Schnidrig. "For example, we have committed ourselves to reducing CO2emissions per square meter in our assets under management of over EUR 26 billion by at least 20 percent over the next five years - the same applies to water and waste consumption. We even want to increase energy efficiency by 30 percent. In doing so, we are making an important contribution to combating climate change."

CORESTATE"s sustainability initiative is part of a broad customer offensive that is being implemented throughout the company. In addition to increased transparency, another internal focus is on digitalisation. In concrete terms, processes are to be further automated and access to CORESTATE"s range of services facilitated. On the basis of a newly designed company website, customers now have the opportunity to invest directly in individual products via a portal. The new website has also been online as of today.

In addition, the customer offering was further aligned to the major trends of urbanisation and demographic changes. CORESTATE"s market-leading solutions in the field of micro-living or financing of large real estate projects in German and European cities already provide adequate product responses to the housing shortage and the needs-based design of urban life.

PR Contact

Jorge Person

T: +49 69 3535630-136 / M: +49 162 2632369


IR Contact

Dr. Kai Gregor Klinger

T: +49 69 3535630107 / M: +49 152 22755400


About CORESTATE Capital Holding S.A.

CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approx. EUR 26 billion in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 42 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs total staff of around 700 and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange. Further information may be found at www.corestate-capital.com.

Forward-looking statements

This press release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at ir.corestate-capital.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

18.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Corestate Capital Holding S.A.

4, Rue Jean Monnet

L-2180 Luxembourg

Phone: +49 69 3535630-107
Fax: +49 69 3535630-29
E-mail: IR@corestate-capital.com
Internet: www.corestate-capital.com
ISIN: LU1296758029
WKN: A141J3
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 826257

End of News DGAP News Service

826257  18.06.2019 

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