Vonovia SE: Vonovia Publishes Sustainability Report 2020_PI_210518
/ Key word(s): Sustainability
Sustainability Report 2020: Vonovia paving the way for sustainable future - greater responsibility for environment, customers and employees
- Sustainability Performance Index (SPI) introduced as key non-financial performance indicator.
- Binding climate path to carbon-neutral buildings.
- Further increase in customer satisfaction.
Bochum, May 18, 2021. Germany's leading housing company Vonovia has published its Sustainability Report for the 2020 reporting year, in which it underlines its commitment as an active player for sustainable energy and climate-neutral residential housing. Even before the Federal Constitutional Court gave its ruling on the German Climate Protection Act, the company had adopted a binding climate path and introduced a Sustainability Performance Index (SPI). The SPI, which sets specific sustainability targets, is a major non-financial performance indicator, paving the way for a sustainable, carbon-neutral future. Drawing on globally recognized GRI standards, the report shows that Vonovia has further increased its social responsibility for both tenants and employees since the start of the Covid-19 pandemic.
"Vonovia is part of society. As a responsible landlord and employer, we have a special duty to our customers - over one million across Germany, Austria and Sweden - as well as to society, the environment, shareholders, and of course our employees," says CEO Rolf Buch, explaining Vonovia's commitment to sustainability.
The SPI sets specific sustainability targets linked to remuneration
Climate protection through innovation - electric heating
Vonovia's vision for the future is to have electricity for heating generated by solar panels. To achieve this, the company is continuing to expand its use of renewable energy and photovoltaics. Vonovia currently has a portfolio of 420 installations with a rated peak output of 15.9 MW. Last year, this enabled the company to save around 2,700 tons of CO2e.
"Our climate protection measures in existing buildings will reduce our carbon intensity from today's 39.5 kg CO2e/m² to well below 10 kg CO2e/m² by 2050," says Catrin Coners, Head of Sustainability and Strategy. She explains that Vonovia has set itself an interim target of 30 kg CO2e /m² by 2030. This means that Vonovia is within the target spectrum for nearly climate-neutral building stock as defined, among others, by a housing initiative called Initiative Wohnen 2050 (IW.2050). In addition, the company will include the amendment of the German Climate Protection Act in the further development of its climate strategy.
Helping tenants during Covid-19 pandemic
Vonovia waives claw back of foregone rents in Berlin
Further increase in customer satisfaction
Increase in number of employees and trainees
Further development of Vonovia's sustainability strategy
In the second half of 2020, Vonovia adapted its existing risk management system to reflect its corporate strategy, which itself had been supplemented to include aspects of sustainability. This involved adding and, as a result, assessing sustainability risks not only for their impact on Vonovia itself, but also on the environment and on society at large. The Sustainability Report therefore also deals with climate-related risks.
Improved externally validated performance figures show that Vonovia is making an active contribution to ESG solutions. For example, Vonovia was included in the highly prestigious Dow Jones Sustainability Index for Europe and achieved an excellent position in the sustainability rankings of the Sustainalytics rating agency. Also, since September 2020, Vonovia has been listed in the European blue-chip share index EURO STOXX 50 as the only real-estate company and indeed as the very first residential property company.
The international GRI standards for sustainability reporting are published by the Global Reporting Initiative (GRI) and are continually under review. The development of these standards involves not only governmental organizations but also NGOs such as environmental and human rights groups and, last but not least, the companies themselves. GRI was founded in 1997 with the help of the United Nations Environment Program and has its office in Amsterdam.
The English version is available via the following link: http://reports.vonovia.de/2020/sustainability-report/
Note on image rights: The photograph may be used free of charge.
Our activities focus on our customers and their needs. On site, caretakers and our own craftsmen take care of our tenants' concerns. Being close to our customers ensures fast and reliable service. In addition, Vonovia invests generously in the maintenance of the buildings and develops housing-related services for a better quality of living. For answers to any questions in connection with lease agreements and ancillary expense bills, the central customer service center can be contacted via a regional service hotline as well as by email, fax, app or by post.
Vonovia has a workforce of more than 10,000 employees and its CEO is Rolf Buch.
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange ISIN: DE000A1ML7J1 WKN: A1ML7J Common code: 094567408 Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court, HRB 16879 Business address of Vonovia SE: Universitaetsstrasse 133, 44803 Bochum, Germany
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18.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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