DGAP-News: Vonovia SE / Key word(s): Sustainability
2016-10-28 / 10:21
The issuer is solely responsible for the content of this announcement.
Vonovia presents Sustainability Report for 2015
Bochum, 28. October 2016 - Vonovia SE publishes its Sustainability Report for 2015. The company reports on its economic, environmental and social responsibilities when managing the properties in its portfolio over the course of 100 pages. The report is based on the guidelines of the globally recognised Global Reporting Initiative (GRI G4), as well as the EPRA Best Practice Recommendations on Sustainability Reporting, which is the current evaluation standard in the real estate industry.
The report focuses on business, society and customers, the environment and employees. "There is little that is more fundamental than the topic of living. Many of our customers have lived in their properties for decades. We have a particular responsibility to them, but also to society and our shareholders", explains Rolf Buch, CEO of Vonovia SE. "With the presentation of our Sustainability Report, we are making it clear that we take economic, ecological and social concerns into account in our decision making. Sustainability is very important to us."
Sustainable Neighbourhood Development
Neighbourhood Development is of particular importance within Vonovia's corporate sustainability strategy. One example of this is the Eltingviertel in Essen. "We are working with the City of Essen and its residents to improve the area. At the same time, it is important to us that it remains affordable and that people are happy there. Among other initiatives, this is achieved through modern energy provision, low energy consumption, sustainable living concepts, improved infrastructure and the integration of social projects", explains Buch.
Investments in energy-saving measures help climate protection
One example of Vonovia's sustainable corporate policy is increased investments in buildings and properties. A significant portion of investment has focused on energy modernisation. Facades, cellar ceilings and attics have been insulated, and more technologically advanced heating systems have been installed. In 2015, insulation was renewed in approximately 7,000 properties. In total, these measures led to energy savings of 43 % in those buildings renovated in 2015, and a reduction in CO2 emissions by 47 %.
Headquarters: Certification by DGNB Gold Standard
Vonovia is also taking sustainability standards into account in the construction of its new headquarters in Bochum. The six-story building, designed to be used by 1,000 employees, is to be completed by early 2018 and is expected to earn a Gold Standard certification from the German Association for Sustainable Building (DGNB). As part of the certification process, the DGNB thoroughly considers all significant aspects of sustainable building. These include the six topics of ecology, economy, sociocultural and functional aspects, technology, processes and location. In order to reach gold-level certification, over 65 % of its requirements must be fulfilled.
The Sustainability Report is available for download at:
Vonovia SE is Germany's leading nationwide residential real estate company. Vonovia currently owns and manages around 340,000 residential units in all of Germany's attractive cities and regions. Its portfolio is worth approximately EUR24 billion. An additional 54,000 or so third-party apartments are also managed by Vonovia. As a modern service company, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Accordingly, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company will also be creating more and more new apartments by realizing infill developments and adding on to existing buildings.
The company, which is based in Bochum, has been listed on the stock exchange since 2013 and on the DAX 30 since September 2015. Vonovia SE is also listed on the international indices STOXX Europe 600, MSCI Germany, GPR 250 and EPRA/NAREIT Europe. Vonovia has a workforce of 6,900 employees.
Approval: Regulated Market / Prime Standard, Frankfurt Stock Exchange
Common code: 094567408
Registered headquarters of Vonovia SE: Münsterstraße 248, 40470 Düsseldorf, Germany
Business address of Vonovia SE: Philippstraße 3, 44803 Bochum, Germany
This press release has been issued by Vonovia SE (Vonovia) or one of 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 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 appropriate 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.
2016-10-28 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de