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Vonovia SE:

Vonovia SE / Key word(s): Conference/Sustainability
Vonovia SE: (news with additional features)

01.10.2020 / 11:02
The issuer is solely responsible for the content of this announcement.

Press Release:
EMBARGO: October 1, 4:30 p.m

Press photos on our press page from 4:30 p.m

Vonovia Drives Carbon Neutral Future: Solar Energy and Hydrogen Make Neighborhoods Self-Sufficient and Serve as Examples for the Industry

- At climate conference in Berlin, Vonovia, Fraunhofer-Allianz and the German Energy Agency present an approach to create solutions for carbon neutral homes

- Refurbishment already enables reduction of energy consumption by 45%

- Serial refurbishment, landlord-to-tenant electricity and e-mobility to counteract climate change

- Aim: Climate protection must remain affordable for tenants

Berlin/Bochum, October 1, 2020 - Vonovia intends to become the driving force for climate protection in the housing industry and is making residential neighborhoods the focal point of a decentralized energy revolution. At its conference "Outlook for Climate-Neutral Living," hosted on October 1, 2020 on the EUREF Campus in Berlin, Germany's leading residential real estate company presented ideas for achieving climate-neutral housing stock across the entire industry. Five areas of action were identified for the neighborhood of the future: rate of refurbishment, renewable energies, changeover of the electricity supply system, mobility and tenants.

The building sector's contributions toward Paris Agreement targets were discussed in Berlin before an audience including the Chairwoman of the Alliance 90/The Greens Party in the German Bundestag, Katrin Göring-Eckardt; State Secretary Andreas Feicht (German Federal Ministry of Economic Affairs and Energy); President of the German Tenants' Association, Lukas Siebenkotten; and prominent scientists. "Greater energy efficiency in housing stock is one of the catalysts for achieving climate protection goals. We are taking on social responsibility for the development of an efficient climate path that tenants can afford," explained Rolf Buch, Chief Executive Officer of Vonovia, in his opening address at the conference.

Together with the Fraunhofer Society and the German Energy Agency, Vonovia developed a preemptive approach to create solutions for climate-neutral housing with a focus on neighborhoods. The electricity, heating and mobility sectors will be combined so that locally produced energy and heating can be used directly by the rental apartments. In addition, efficiency gains will be passed along directly to tenants so that climate protection is affordable for all, thereby boosting acceptance of energy-efficient refurbishment. Experts agree that this requires a simplified landlord-to-tenant electricity model which enables tenants to participate in the energy revolution. Vonovia already boasts a yearly refurbishment rate of more than three percent (the average in the building sector is around one percent) and intends to move to serial refurbishment in the future. "However, changes in the overall conditions are required to achieve climate-neutral housing that is also affordable. Incentives are needed to enable Energiesprong projects, where the costs are offset by the energy savings for tenants," explained Rolf Buch.

Neighborhoods will become small power plants and mobility providers

As a further step on the path toward increased climate protection, Vonovia intends to turn neighborhoods into small power plants. These will become an integral part of the energy system of the future. Vonovia is thus backing the decentralized energy revolution. The company is already building approximately five megawatt photovoltaic plants per year across Germany. This will supply approximately 2,500 households with electricity. In the future, the electricity generated through photovoltaic plants will be transformed into hydrogen (among other things), which is used to heat buildings in winter by means of fuel cells. This model would allow the local housing industry to become not only a consumer but also a generator and distributor of energy in its neighborhoods.

Neighborhoods will play an additional role in the mobility revolution: They could become platforms for mobility concepts that are viable long-term. To achieve this, Vonovia would provide the charging infrastructure for tenants, cities and municipalities, in cooperation with communities. Upon tenants' request, Vonovia will install up to 10,000 wall sockets by 2030.

"With approximately 350,000 residential units in Germany, we know that we can make a great contribution to climate protection. Yet this will only be possible through the combined effort of politicians, tenants, and the housing and energy industries. We need investments and credible efforts on the part of the industry," said Rolf Buch, encouraging joint action. He defined Vonovia's task as follows: "Today, we presented a solution for climate-neutral housing, which we are ready to put into practice in the coming decades. This is our contribution toward a climate-neutral Germany and Europe."

About Vonovia
Vonovia offers a home to around one million people in Germany. The residential real estate company plays a central role in society, which is why Vonovia's activities are never focused exclusively on financial aspects, but also take social factors into account. Vonovia is helping to provide answers to the current challenges on the housing market. The company is committed to more climate protection, more senior-friendly apartments and a positive community spirit in its neighborhoods. In cooperation with social institutions and the municipal districts, Vonovia supports social and cultural projects that enrich community life. Vonovia is also helping to address a social issue that is particularly important at the moment: the construction of new apartments.

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.

Additional Information:

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
This press release has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Vonovia's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. Vonovia is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release.

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01.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: Vonovia SE
Universitätsstraße 133
44803 Bochum
Phone: +49 234 314 1609
Fax: +49 234 314 2995
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1138176

End of News DGAP News Service

1138176  01.10.2020 

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