Put companies on watchlist
Swiss Prime Site AG
ISIN: CH0008038389
WKN: 927016
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Swiss Prime Site AG · ISIN: CH0008038389 · EQS - Company News (59 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1646587
01 June 2023 07:00AM

Swiss Prime Site with higher ISS ESG rating C «Prime»


Swiss Prime Site AG / Key word(s): Real Estate/Sustainability
Swiss Prime Site with higher ISS ESG rating C «Prime»

01.06.2023 / 07:00 CET/CEST


PRESS RELEASE

Zug, 1 June 2023

  • Rating upgrade from the leading ESG agency ISS
  • «Prime» rating with positive impact on SPS’s financing costs

Rating upgrade from the leading ESG agency ISS
On 1 June 2023, Institutional Shareholder Services (ISS), one of the world's leading agencies for ESG research and rating, awarded Swiss Prime Site with its ISS ESG rating «C» and thus the status «Prime». The rating is based on numerous elements relating to different aspects of environmental, social and corporate governance categories. For many years, Swiss Prime Site has worked strategically and systematically to continuously improve its sustainability performance. René Zahnd, CEO Swiss Prime Site, comments: «This is a testimony that the measures we have taken have led to significant improvements in all three sustainability categories and are now also reflected in the successful upgrade of the ISS ESG rating. Furthermore, I am convinced that through additional identified short- and long-term initiatives, we will achieve further progress.» With the new «C» (Prime) rating, Swiss Prime Site moves into the top quintile of the real estate industry.

«Prime» rating with positive impact on SPS’s financing costs
In 2022, Swiss Prime Site introduced a comprehensive Green Finance Framework and thus completely aligned its operational real estate financing with sustainability aspects. They are partly linked to the official sustainability ratings of relevant agencies and have a direct and noticeable impact on the company's financing costs. Marcel Kucher, CFO Swiss Prime Site, comments: «Our strategic refinancing in 2021 towards more flexibility and the consistent focus on sustainability are proving to be optimal choice in the current environment. With that, all new financing raised on a sustainability-linked basis can be transparently monitored. In addition, the improved ISS ESG rating enables us to reduce our financing costs by around CHF 1 million per year. Both together significantly increase our attractiveness to national and international investors.»

If you have any questions, please contact:
 
Investor Relations, Florian Hauber
Tel. +41 58 317 17 64, florian.hauber@sps.swiss
 
Media Relations, Mladen Tomic
Tel. +41 58 317 17 42, mladen.tomic@sps.swiss



End of Media Release


Language: English
Company: Swiss Prime Site AG
Alpenstrasse 15
6300 Zug
Switzerland
Phone: +41 (0)58 317 17 17
E-mail: mladen.tomic@sps.swiss
Internet: www.sps.swiss
ISIN: CH0008038389
Listed: SIX Swiss Exchange
EQS News ID: 1646587

 
End of News EQS News Service

1646587  01.06.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1646587&application_name=news&site_id=boersengefluester_html
Visual performance / price development - Swiss Prime Site AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.