Vienna, Austria/Berlin, Germany; June 8, 2021 — Real estate companies SIGNA Prime Selection AG (SPS) and SIGNA Development Selection AG (SDS) have published sustainability reports. The reports underscore SIGNA Real Estate’s environmental, societal, and economic responsibility and showcase its performance in these areas. Both reports were prepared in accordance with the Global Reporting Initiative’s (GRI) standards: Core option.
SIGNA Real Estate’s 2020 sustainability reports provide detailed descriptions of the two companies’ ESG management activities, progress on implementing the 2020 sustainability strategy, and the various aspects of their approaches to achieving sustainability in existing buildings and development projects. At the same time, these publications serve as progress reports in the context of the UN Global Compact, which both companies joined in 2020.
In the past fiscal year, SIGNA Real Estate left its mark with a strong commitment to a responsible real estate industry and its dedication to future-proof properties and urban area development projects. The extraordinary progress achieved demonstrates that financial success and sustainable growth are mutually reinforcing.
Timo Herzberg, CEO of SIGNA Real Estate Germany, says, “As a developer of cities and urban areas, we bear great responsibility for people and the environment. Significantly improving our carbon footprint is therefore one of our most important goals. We continually accumulate knowledge and implement environmentally friendly and innovative solutions to achieve this goal in order to make a substantial contribution to one of the most pressing issues of our time: preventing climate change.”
Extensive sustainability strategy developed
Last year, SIGNA Real Estate defined a complete sustainability strategy covering three action areas — Sustainable Buildings, Attractive Employer, and Corporate Governance and Compliance — applicable to all companies of the SIGNA Real Estate Group. In this sustainability strategy, SIGNA Real Estate sets ambitious targets, outlines specific measures, and defines measurable KPIs that will be achieved incrementally by 2025.
According to Christoph Stadlhuber, CEO of SIGNA Real Estate Austria, “Our properties are unique creators of value for generations to come that meet state-of-the-art environmental standards. In all of our projects, we continually exchange information with all stakeholders from day one so that we can meet the high demands of communities looking toward the future. This process enables us to create customized living spaces with a strong identity in line with the community’s vision.”
Excellent ratings in first assessment
The year 2020 marked a milestone in the systematic integration of sustainability criteria into the business models of SIGNA Prime Selection AG and SIGNA Development Selection AG. This is also underscored by the excellent ESG ratings issued by international rating agency Sustainalytics to both companies in their respective peer groups. SPS achieved a risk rating of 11.3 (“low risk”), while SDS scored a 10.6 (“low risk”), on a scale of 0 to 100 with 0 representing negligible ESG risk. SIGNA Real Estate will continue to regularly have its sustainability performance evaluated by external ESG rating bodies and to inform its stakeholders of the results.
Environmental approach to lighthouse projects
SIGNA prioritizes a sensible balance between the environmental, social, and financial aspects of projects. The following lighthouse projects offer a current example of how effective and progressive environmental sustainability measures can be implemented.
The Vienna project Mariahilfer Straße 10–18 was designed by prominent Netherlands-based architects OMA (Office for Metropolitan Architecture). After completion, it will feature one of the largest urban photovoltaic systems using 250 modules to supply solar-generated electricity. The building’s heating and cooling is provided by an environmentally friendly district heating/cooling system. We are seeking LEED Gold green building certification for this building complex, which is completely accessible, as well as certification according to the Greenpass Gold Standard. The project also includes a total of more than 3,000 m2 of intensively and extensively greened spaces, as well as a 1,000 m², publicly accessible rooftop park.
In the course of reimagining the Karstadt project at Hermannplatz in Berlin, SIGNA will preserve the basic structure of the existing building. The department store property currently standing will be renovated from the ground up in the course of the redesign and the reinforced concrete skeleton will be rehabbed. Floors will be added to the building using an innovative type of wood construction. In contrast to tearing down the building and erecting a new conventional reinforced concrete structure, this will cut carbon emissions by up to 70% in the construction phase alone. The characteristic architecture of the historical building, newly interpreted by star architect David Chipperfield, will provide strong impetus for the department store and the surrounding neighborhood.
The 2020 sustainability reports of both companies and additional information on sustainability at SIGNA Real Estate are available by clicking the links below:
About SIGNA Real Estate
For more than 20 years now, SIGNA Real Estate has developed and managed extraordinary real estate projects in central locations in Germany, Austria, Switzerland, and Northern Italy. An experienced team of real estate experts manage all activities from acquisition to completion of projects and meet the highest possible standards of profitability, technology, and sustainability. Reliability, fairness, and adherence to schedules are the hallmarks of cooperation with project partners. These values, which stem from the philosophy behind the business founded by René Benko in 1999 make SIGNA a coveted partner.
SIGNA’s portfolio includes Long-term Portfolio properties such as KaDeWe and UPPER WEST as well as developments such as UP! and STREAM in Berlin and Gänsemarkt Passage and Alster-haus in Hamburg. The premium Park Hyatt Vienna Hotel, the Goldenes Quartier business center, and the PARKAPARTMENTS AM BELVEDERE development are among the Company’s most important projects in Austria. SIGNA’s first investment in the United States was the acquisition of the Chrysler Building in New York in early 2019.
SIGNA plays a major role in developing cities, concentrating not only on individual properties but rethinking concepts such as urban development, sustainability, multiuse buildings, networking, and mobility. For livable cities — for us all. Additional information available at www.signa.at.