Act reliably
Our Annual Report
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Our Action Areas
Building on our understanding of sustainability, we focus our work on five fields of action. The orientation of our company and our day‑to‑day activities are largely guided by this understanding of sustainability. It forms the basis for communicating our sustainability initiatives – which are implemented across the Group in various business areas – to the outside world in a transparent and comprehensible way and for providing information about their objectives and progress.
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* Remaining residual emissions are to be offset through appropriate carbon removal measures, ensuring that net zero is achieved overall. Detailed information on our Climate Transition Plan can be found here.
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Environment and Climate
As a market leader in the housing industry, we aim to consistently advance climate protection measures in our building portfolio. We are working to significantly reduce the greenhouse gas emissions of our building stock by 2045. To reduce CO₂ in our buildings, we rely on energy-efficient modernizations as well as the development and use of innovative technologies. In our neighborhoods, we are driving the expansion of renewable energies and photovoltaic systems as well as mobility concepts. In developing new housing, we place a strong focus on optimized energy design and construction methods that take resource efficiency and environmental aspects into account at an early stage. Through blue‑green infrastructure, we aim to increase the resilience of our buildings and their surroundings to climate‑related stresses.
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Society and Contribution to Urban Development
We offer people in our neighborhoods a home. This is where they should be able to find a good community. This is where they should feel comfortable. This is where people from different generations can live together. To this end, we develop infrastructure tailored to the specific challenges of each neighborhood and aligned with the needs of our tenants. The building design – including the consideration of climate protection aspects – and social services are aligned with this. We design our residential environments and green spaces in such a way that they strengthen participation and urban coexistence while taking ecological aspects into account.
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Homes and Customers
Our portfolio and services ensure that people’s basic human need for a home is met. Accordingly, our tenants are at the center of our business activities. We adapt our apartments to suit people’s needs and life circumstances. This means that different housing requirements and the impacts of demographic change are reflected in our housing portfolio. Vonovia wants to be available on eye level and visible for its tenants at all times. With our new construction projects we create urgently needed new homes, especially in metropolitan areas where our tenants can live healthily and safely.
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Corporate Culture and Employees
Appreciation, performance, responsibility and team spirit are at the center of our corporate culture. These are the values that will allow us to rise to the challenges that our sector is currently facing and achieve our corporate targets. To do this, we need employees who will accompany us on this path in the long term. We strive to be an attractive employer and are continuously adapting to the changing requirements of future generations. We see the diversity of our workforce and our management team as a huge strength and opportunity that we seek to promote in a targeted fashion.
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Sustainable Corporate Governance and Responsible Business Practices
We see ourselves as a trustworthy and reliable partner for all our stakeholders. It is important to us that they perceive and experience us in this way. Compliance with laws and regulations is a matter of course for all our employees. Equally important are our internal company guidelines, in which we define ecological, social and economic criteria for our actions and decisions. Our goal is to combine ecological and social responsibility with economic success. We aim to grow as a company while at the same time promoting responsible development within our sphere of influence. In doing so, we remain attractive to our shareholders, for whom ecological and social aspects are becoming increasingly important.
