DIC Asset Aktiengesellschaft · Real estate company

DIC Asset
DIC Asset
DIC Asset
DIC Asset
DIC Asset

Press Release

DIC Asset AG Publishes its 2017 Sustainability Report

(Frankfurt, 09.07.2018)

  • Financials supplemented by social and environmental aspects
  • Reduction in like-for-like power and water consumption
  • Comprehensive revision of the compliance guideline for employees
  • New GRI Standards applied to sustainability reports

Frankfurt am Main, 09 July 2018. DIC Asset AG, one of Germany's leading listed property companies, published its sixth sustainability report on its homepage at www.dic-asset.de. The report adopted the new GRI Standards framework by the Global Reporting Initiative, including extra disclosures in line with the GRI Construction and Real Estate Sector Supplement (CRESS). The reporting criteria identified by the European Public Real Estate Association (EPRA) for sustainability reports were also taken into account again. Following the three-pillar model of sustainability, the sustainability reporting of DIC Asset AG covers the economic, environmental and social aspects of its business activities.

Relevant highlights during the reporting period include the following, among others:

  • When allowing for portfolio changes (like-for-like approach), the indirect power consumption in the examined properties of the Commercial Portfolio was lowered by 4.6% and water consumption by 1.4% during the period of 2015 through 2017.
  • An annual survey that DIC Asset AG conducts among its tenants revealed that a significant proportion of them has now switched to carbon-neutral green electricity. The company itself has been getting the common-area electricity for its owner-occupied premises entirely from carbon-neutral energy sources since 2010.
  • Its compliance guideline for employees, which was adopted in 2013, was comprehensively revised in 2017. The company also appointed a compliance officer and introduced a whistleblower system that gives employees the option to report misconduct inside the company in anonymised form.

Sonja Wärntges, the company's CEO, commented: "As one of the biggest German real estate companies, we are committed to making a visible contribution to sustainable action and to the standardisation within our industry. So, it is a foregone conclusion for us that corporate success should not be measured exclusively by economic criteria but should also take the interests of all other stakeholders into account. To this end, we have adopted international reporting standards and thereby contribute to an easier comparability of our sustainability indicators."

 


Sustainability report 2017 >>

 

 

About DIC Asset AG:
DIC Asset AG is one of Germany's leading listed property companies, and specialises in commercial real estate. With around 20 years of experience on the German real estate market, the company maintains a regional footprint on all major German markets through six branch offices, and has around 180 assets with a combined market value of c. EUR 4.8 billion under management. DIC uses a hybrid business model to manage its business divisions Commercial Portfolio, Funds and Other Investments. Taking an active asset management approach, DIC employs its proprietary, integrated real estate management platform to raise capital appreciation potential in its business divisions and to boost its revenues.

In its Commercial Portfolio division (EUR 1.6 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.6 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 1.6 billion in assets under management) are joint venture investments, equity investments in property developments, strategic financial investments, and the management of properties in which the company holds no equity stakes. DIC Asset AG has been included in the SDAX® segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.


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Investor Relations & Corporate Communications

DIC Asset AG
Nina Wittkopf
Head of Investor Relations and Corporate Communications

Neue Mainzer Straße 20 • MainTor
60311 Frankfurt am Main

Tel. +49 69 9 45 48 58-14 62
ir@dic-asset.de