- After “Prime Status“ from ISS ESG, Gold rating from EcoVadis
- Among the top two per cent in the branch
- “Sustainability is an integral part of our strategy“
Vienna, 5.10.2021. The first evaluation by the internationally recognised ESG rating agency EcoVadis led to Gold for UBM Development AG. UBM now belongs to the top two per cent in the branch (real estate and housing). “The leading global ESG rating agencies have confirmed the effective implementation of UBM’s strategic focus on green. smart. and more“, explained Thomas G. Winkler, CEO of UBM Development AG.
The evaluation results were only just below the threshold for the highest rating (Platinum) – and are an incentive for 2022. Among the 75,000 companies graded by EcoVadis, UBM now ranks in the top five per cent. This evaluation is based on 21 criteria from the four most important sustainability aspects: environment, labour and human rights, ethics and sustainable reporting. UBM’s performance exceeded the branch average in all four categories.
The EcoVadis rating is the second outstanding score for UBM Development in 2021: ISS ESG awarded the company “Prime Status“ (Level “C+“) in May, which represents the top of the branch in Germany and Austria. The ISS ESG evaluation covers companies’ ecological and social performance based on a corporate rating scheme with over 100 selected branch-specific ecological, social and corporate governance criteria.
Since its founding in 2007, EcoVadis has grown to become one of the largest sustainability rating agencies in the world. Its methodology, which is based on leading standards like the GRI, UN Global Compact and ISO 26000, is intended to make companies’ sustainability activities measurable and thereby create trust and transparency.
UBM Development develops real estate for Europe’s metropolises. The strategic focus is on green building and smart office in major cities such as Vienna, Berlin, Munich and Frankfurt. With close to 150 years of experience, UBM offers all development services from a single source, from planning to marketing. The shares are listed on the Prime Market of the Vienna Stock Exchange, the segment with the highest transparency requirements.
For additional information contact:
Head of Corporate Communications
UBM Development AG
Tel.: +43 (0)50 626 5677
Mob.: + 43 664 136 34 23
Head of Investor Relations
UBM Development AG
Mob.: + 43 664 626 3969