Aroundtown inclusion in S&P Europe 350 ESG Index
As announced by S&P Dow Jones Indices, Aroundtown will be included in the S&P Europe 350 ESG Index, effective as of May 3rd, 2021. The S&P Europe 350 ESG Index is based on the S&P Europe 350 Index, of which Aroundtown is already a component. The S&P Europe 350 Index aims to provide a broad-based market index that is balanced between GICS industry diversification, country diversification and selects companies with high stock liquidity and free-float market cap. For the ESG index a further selection is made which excludes companies based on certain ESG related criteria. Companies whose business activities are significantly related to thermal coal, tobacco and controversial weapons are excluded. Furthermore, companies with low United Nations Global Compact (UNGC) Scores and companies with low ESG scores in comparison to their overall industry, as determined by the S&P Global Corporate Sustainability Assessment (CSA, formerly RobeccoSAM), are excluded as well. The weighting of the index is based on free-float market cap. Aroundtown’s inclusion follows its S&P Global CAS rating awarded in November 2020, where Aroundtown was ranked in the 75th percentile among peers, which reflected in particular Aroundtown’s leading position in regard to Codes of Business Conduct and Human Rights, where it is well ahead of peers.
Its inclusion in the S&P Europe 350 ESG Index is further validation of Aroundtown’s commitment to sustainability and its focus on best practices related to Environmental, Social and Governance issues. In addition to its new inclusion, Aroundtown is already a component of other key ESG related indices, such as the DAX 50 ESG, GPR ESG+ and GPR IPCM LFFS Sustainable GRES.
Please find the publication by S&P Dow Jones Indices under the following link:
About Aroundtown
Aroundtown invests in income generating quality properties that have potential for value-add in central locations mainly in Germany and the Netherlands. Avisco (controlled by Yakir Gabay) holds 10% in Aroundtown followed by Blackrock at 5%. Other shareholders include Norges, Vanguard, Allianz, BNP Paribas, Japan’s Government investment fund, Alliance-Bernstein, Dekabank, State-Street, bank of Montreal and many other leading international investors. The main bond investors include ECB, GIC, Union-Investment, DB, UBS, CS, M&G, Pictet, Credit Agricole and many other major institutional investors.
Topic
Building, property, Building industry, industry issues, Corporate Information, Economy, Finance, ESG, Finance, Finance, Stocks, Private savings, Germany, Market, Stock market, Nachhaltigkeit, Real Estate, facilities management, Sustainability
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Contact
For press inquiries regarding ATechX and ATworld, please contact:
presse@aroundtown.de
+49 30 374 381 2115