DIC Asset AG stands for responsibility and values: company presents its ESG strategy
DGAP-News: DIC Asset AG / Key word(s): Sustainability
DIC Asset AG stands for responsibility and values:
Frankfurt am Main, 1 July 2021. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany’s leading listed property companies, published its Sustainability Report 2020. The report shows what DIC Asset has so far accomplished in this key area over the past ten years. At the same time, the company presents its ESG strategy for the coming years in the report.
“DIC Asset AG has always stood for responsibility and values. Our clients, investors and shareholders are well aware of it, and put their trust in us. Our new ESG strategy demonstrates the ways in which we will use our own creativity and dynamic to deal with the challenges of a world in transformation, and to reconcile economic and environmental needs,” commented Sonja Wärntges, CEO of DIC Asset AG.
In a dynamic ESG Roadmap, DIC Asset AG has defined its four sustainability objectives:
1. We positively mitigate climate change.
2. We shape our business with and for the people.
3. We are a reliable partner, and conduct our business activities in a transparent and accountable manner.
4. We use digitisation for ESG purposes as yet another building block.
What is so special about it: The company will report regularly on the progress made with these objectives. In fact, the recently launched ESG website will brief stakeholders even outside the reporting dates about the company’s achievements while simultaneously serving as the first point of contact for frequently asked questions (e. g. concerning the regulatory framework). This way, DIC Asset will enhance its transparency in the sustainability context.
The company intends to achieve these goals not least through consistent digitisation. Employing digital services and tools, the company will structure properties and processes in efficient and sustainable ways.
“DIC Asset is all about people working on behalf of people. We consider it a special obligation to use the options available to us to help make this world a more sustainable place,” said Sonja Wärntges.
Under the ESG system, the “Environmental” (E) dimension centres on topics like efficient management, energy efficiency upgrades and sustainable investments. DIC Asset AG is currently conducting a portfolio screening for an expanded status assessment. The screening uses selected, currently prioritised ESG criteria, and involves an external team of experts. It will serve as basis for quantifying the CO2 savings targets in the next step. These targets complement the objective to raise the green building ratio to more than 20% by the end of 2023, which was defined in the context of the successful placement of the promissory note in April 2021.
Under the “Social” (S) headline, the focus is on the long-term retention of employees and the promotion of skills, know-how, and a positive corporate culture. To this end, the “Head of People and Culture” position, recently created by the company, was filled in early June.
In regard to “Governance” (G), DIC Asset AG aims for adherence to certain principles of ethics and integrity, compliance with legal requirements and the company’s in-house guidelines, and a corporate governance style that takes the diverse stakeholder interests into account, especially transparency expectations on the levels of company, vehicle and property.
The Sustainability Report follows the internationally recognised GRI Standards framework of the Global Reporting Initiative and the EPRA Sustainability Best Practice Recommendations (EPRA sBPR) of the European Public Real Estate Association.
All of these and other topics are discussed in depth in the report published today. The document is available as download under the link below:
About DIC Asset AG:
DIC Asset AG is Germany’s leading listed specialist for commercial real estate with more than 20 years of experience on the real estate market and access to a broad-based network of investors. Our business is based on a regional and inter-regional real estate platform with eight offices on the ground in all major German markets. We manage 231 assets with a combined market value of c. EUR 10.6 billion on site, always close to our properties and their occupiers.
The Commercial Portfolio segment (EUR 2.0 billion in assets under management) represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate steady cash flows from stable rent revenues on long-term leases while also optimising the value of our portfolio assets through active management, and realising gains from sales.
In the Institutional Business segment (EUR 8.6 billion in assets under management), we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment vehicles that return attractive dividend yields.
DIC Asset AG has been SDAX-listed since June 2006.
ESG Contact DIC Asset AG:
IR/PR Contact DIC Asset AG:
01.07.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.