22 February, 2021

Neinor Homes ranks as Spain’s leading developer in ESG criteria

noticia
  • The developer leads the ‘ESG Risk Rating’ ranking published today, elaborated by Sustainlytics – Morningstar’s subsidiary –, and measures the sustainability of listed companies depending on their environmental, social, and corporate governance performance.

 

  • Furthermore, on the worldwide Real Estate category, where more than 1,000 companies are considered, Neinor Homes ranks at the top 4% most sustainable.

  

22nd of February of 2021.- Neinor Homes ranks as the top residential developer in Spain in ESG criteria based on the ‘Risk Rating’ elaborated by Sustainalytics – Morningstar’s subsidiary –, which has been made public today, and measures the sustainability of listed companies and determines the environmental, social, and corporate governance risks (ESG) that could impact each business. The report values the positive impact of Neinor Homes in different aspects relative to the construction of its housing units, as well as the internal business development procedures with a sustainable vision throughout the process, ranking the company as the first residential developer in Spain and at the top 4% of the most sustainable on the Real Estate category worldwide, where nearly 1,000 companies are considered.

Sustainalytics recognises the leadership of Neinor Homes on its sustainability efforts and ranks it on the top 2% worldwide, over a total of more than 13,000 firms (including Real Estate and non-Real Estate companies).

The index offers information about companies that represent over 80% of the world’s market capitalization. It considers more than 450 datapoints which allow to evaluate 70 different aspects that result on a risk rating that investors incorporate on their fundamental analysis. It is one of the main references on capital markets and, for its assessment, firstly evaluates the companies’ intrinsic risk (sector, activity, public exposure, etc.) and secondly, the risks arising from its management (transparency, governance criteria, equality policies, etc.).

In the case of Neinor Homes, the management and mitigation of the risks associated to the ESG criteria have been valued, highlighting the position and work of the developer in relation to the management of risks, the Board’s commitment with ESG, Compliance, as well as the anticorruption and fraud model, the environmental initiatives, the investment on sustainable developments and the incorporation of ESG criteria to the supply chain.

As Borja García-Egotxeaga, CEO of Neinor Homes, points out: “Housebuilder activity implies important environmental and social challenges. Companies like Neinor, due to its market positioning, strive to find formulas that allow people to enter a more sustainable housing market. On this path, our commitment demands to prioritize ESG criteria, and the excellence on the governance and the culture of the company”.

Jordi Argemí, Deputy CEO and CFO of Neinor Homes, adds; “We are proud to be the leading residential developer in ESG in Spain. It is yet another recognition to the fantastic work done by Neinor in the recent years, and without a doubt a path to follow for the rest of the companies on the sector, given that we have the obligation to contribute to all society on environmental, social and governance aspects”.