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HomeToGo Secures Low Risk ESG Rating from Sustainalytics, Outranking Industry Peers and Affirming Its Commitment To Sustainable Business Practices

Tue, 05 Dec 2023 7:00:22 AM CET
EQS-News

EQS-News: HomeToGo SE / Key word(s): ESG
HomeToGo Secures Low Risk ESG Rating from Sustainalytics, Outranking Industry Peers and Affirming Its Commitment To Sustainable Business Practices
05.12.2023 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

HomeToGo Secures Low Risk ESG Rating from Sustainalytics, Outranking Industry Peers and Affirming Its Commitment To Sustainable Business Practices

Luxembourg, 5 December 2023 - HomeToGo SE (Frankfurt Stock Exchange: HTG), the marketplace with the world’s largest selection of vacation rentals, today announced it has received an industry-leading Environmental, Social, and Governance (ESG) Risk Rating of 16. In November 2023, HomeToGo was assessed by one of the most reputable rating agencies, Morningstar Sustainalytics, to be at “Low Risk”[1] of experiencing material financial impacts from ESG factors.[2]

With a defined “Low Risk“ Rating score of 16, HomeToGo is ranked in the Top 10 percent worldwide, both in the Software & Services category (Place 96 out of a total of 1,102 companies) and within the subcategory called Internet and Software Services (Place 8 out of a total of 250 companies). This underscores the Company's leading commitment to sustainable business practices. HomeToGo’s rating places the Company well ahead of other online travel companies in terms of ESG practices, with a lower risk in comparison to, for instance, Airbnb, Inc., Expedia Group, Inc., Booking Holdings, Inc., and Trip.com Group Ltd.

Key highlights of HomeToGo's ESG practices contributing to this Low Risk Rating include:

  • Environmental Responsibility: Environmental Policy, Scope of Greenhouse Gas Reporting, Greenhouse Gas Reduction Programs, Renewable Energy Use
  • Social Impact: Human Capital Development, Anti-Discrimination Policy, Social Supplier Standards, Data Privacy & Security Policy
  • Governance Excellence: Whistleblower Program, Anti-Bribery & Corruption Programs, UN Global Compact Membership, ESG Governance at Board Level

Dr. Patrick Andrae, Co-founder & CEO of HomeToGo: "We are very proud to have achieved an industry-leading ESG rating in our very first assessment round. Being recognized with a Low Risk Rating by Sustainalytics reflects our ongoing commitment to fostering a more sustainable travel industry. As a multi-faceted marketplace, we are dedicated to building a platform that can enable and empower both our travelers and partners to make better choices for the environment. This rating accomplishment is also a testament to our team's hard work in integrating sustainable practices into every part of our business. While we are happy to see our efforts to date being recognized, this is only the beginning of our ESG journey. Looking ahead, we are motivated to raise the bar even higher, focusing on making continuous strides on all three ESG pillars in the future.”

With this outstanding ESG Rating, HomeToGo has raised the bar for responsible and sustainable business practices in the travel industry. The Company remains steadfast in its commitment to making a positive contribution to its stakeholders while minimizing its environmental footprint.

A comprehensive update of HomeToGo’s business strategy, including its sustainable business practices, will be presented at the Company's virtual Capital Markets Day on 12 December. For more information, visit: https://ir.hometogo.de/websites/hometogo/English/9301/capital-markets-day.html

 

About Morningstar Sustainalytics
Morningstar Sustainalytics, is a leading ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies. Sustainalytics works with hundreds of the world’s leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. The firm also works with hundreds of companies and their financial intermediaries to help them consider sustainability in policies, practices and capital projects. For more information, visit www.sustainalytics.com.

 

About HomeToGo
HomeToGo was founded in 2014 with a vision to make incredible homes easily accessible to everyone. To pursue this vision, HomeToGo was able to build and constantly grow a trusted and easy-to-use technology platform that brings together property suppliers with travelers from all across the world.

HomeToGo operates a marketplace for vacation rentals that connects millions of travelers searching for a perfect place to stay with thousands of inventory suppliers across the globe, resulting in the world's most comprehensive inventory coverage in the alternative accommodation space. HomeToGo's marketplace is beneficial to both of its customer groups: Consumers who visit HomeToGo's websites gain access to the largest inventory in one place, and supply partners who use the platform's reach and technology solutions are better able to serve a wide range of customers and generate more high-quality demand. While HomeToGo SE's registered office is located in Luxembourg, HomeToGo GmbH is headquartered in Berlin, Germany. HomeToGo operates localized apps and websites in 25 countries.

HomeToGo SE is listed on the Frankfurt Stock Exchange under the stock ticker “HTG”.

For more information visit: www.hometogo.com/about

 

Media Contact
Caroline Burns
press@hometogo.com

Investor Relations Contact
Sebastian Grabert, CFA
+49 157 501 63731
IR@hometogo.com

 

Disclaimer
Copyright © 2023 Morningstar Sustainalytics. All rights reserved. This press release contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.

 

Forward-Looking Statements
Certain statements contained in this release may constitute "forward-looking statements" that involve a number of risks and uncertainties. Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on assumptions, forecasts, estimates, projections, opinions or plans that are inherently subject to significant risks, as well as uncertainties and contingencies that are subject to change. No representation is made or will be made by HomeToGo SE that any forward-looking statement will be achieved or will prove to be correct. The actual future business, financial position, results of operations and prospects may differ materially from those projected or forecast in the forward-looking statements. Neither HomeToGo SE nor any of their respective affiliates assume any obligation to update, and do not expect to publicly update, or publicly revise, any forward-looking statements or other information contained in this release, whether as a result of new information, future events or otherwise, except as otherwise required by law.

 

[1] Sustainalytics' ESG Risk Rating combines an assessment of exposure to industry-specific material ESG issues and how well companies manage these risks. Companies are divided into five different risk categories, ranging from negligible (0 - 10), low (10 - 20), medium (20 - 30) and high (30 - 40) to severe (40+).

[2] In no event this solicited ESG Rating shall be construed as investment advice or expert opinion as defined by the applicable legislation.



05.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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