• Sustainalytics assesses Neinor Homes’ ESG Risk Rating in 2021 at 10.5, ranking it as having the lowest ESG risk of Real Estate developers worldwide.
• Moreover, Sustainalytics has also designated Neinor as a “Top ESG Performer” in both its Industry and Regional categories.
• In September 2021, Neinor’s Board of Directors, approved a new 3Y ESG plan (2022-25) which will be published together with the 2021 Sustainability Report.

Madrid, 19 January 2022 – Sustainalytics^*, a Morningstar Company, provides high quality, analytical environmental, social and governance (ESG) research, rating and data to institutional investors and companies. Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks.

Neinor’s risk rating score of 10.5 points places the company in the Low ESG risk category. In the Real Estate Development sub-industry, Neinor Homes is placed in the first percentile (1# out of 299) while in the Global Real Estate sector it is ranked in the fifth percentile (47# out of 1,069). In the wider Global Universe, which includes companies from all industries, Neinor ranks in the second percentile (217# out of 15,096).

Although this recognition is important, we believe the Real Estate Development sector is still at the beginning of a long journey that is set to reshape its entire landscape. At Neinor, we look at our ESG performance as a source of differentiation that will further strengthen the competitive advantages of our business model and allow us to continue to lead the transformation of the Spanish Residential sector.

Aligned with this view, Neinor’s Board of Directors has approved a new 3Y ESG Plan (2022-25) that will be published together with our 2021 Fiscal Year Sustainability Report and Financial Accounts. The ESG vision embedded in the plan is to develop a sustainable yet profitable housing model and our goal is to deliver, measure and report a double bottom-line return to shareholders and society as a whole.

Borja Garcia Egotxeaga (CEO): “We are extremely proud of this recognition as it shows that Neinor Homes has been able to achieve its financial goals without compromising sustainability. Looking forward, we are encouraged by the unanimous Board of Directors approval of the new ESG Plan (2022-25) and we believe this represents a very important corporate milestone. With the approval of this Plan and thanks to our Residential Platform positioning, we now have all the tools in place to tackle and address the most important structural challenges that affect our business and society, such as climate change and the accumulating housing deficit. Access to the housing market, especially by younger generations, represents one of the most important socio-economic problems currently affecting Spanish society as it delays young adults’ emancipation, lowers birth rates and, on a long-term perspective, will affect the sustainability of our demographic pyramid.”

Jordi Argemí (Deputy CEO and CFO): “At Neinor, reaching double-bottom line profit, in which we deliver strong financial returns to our shareholders and a positive return to society is at the heart of everything we do. An example of this is the HMB (Habitatge Metròpolis Barcelona) contract, which will deliver an attractive financial return to shareholders, and, at the same time, is expected to have a very relevant impact in society and environment. We recall that this portfolio of 4,500 affordable units will be located in prime areas of Barcelona with rents at significant discounts to the market prices and that, during construction phase, is expected to create more than 10,000 jobs.”

About Neinor Homes

Neinor Homes is a listed company that leads residential development in Spain with one of the largest fully permitted land banks spread through Madrid, Catalonia, the Basque country, Andalusia and the Valencian community. Furthermore, Neinor complements its residential development activity with servicing and rental businesses and, since 2020, it incorporates 100% of the rental projects value chain.

For additional information:

Investor Relations Team / [email protected] / (+34) 91 287 51 30