29.06.2018
Vonovia SE DE000A1ML7J1
DGAP-News: Vonovia SE: Sustainability Report 2017 published: Vonovia achieves renovation ratio of 5%
DGAP-News: Vonovia SE / Key word(s): Sustainability
Vonovia SE: Sustainability Report 2017 published: Vonovia achieves
renovation ratio of 5% (news with additional features)
29.06.2018 / 10:59
The issuer is solely responsible for the content of this announcement.
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Sustainability Report 2017 published: Vonovia achieves renovation ratio of
5%
- Achieved energy savings of more than 45% for refurbished buildings
- Quarters development supports good neighborhood
- Company strengthens diversity
- Training rate of 5.5% emphasizes high significance
Bochum, 29 June 2018 - Vonovia SE today published its third sustainability
report, in line with GRI standards. This marks the real estate company's
development of its sustainability strategy for the fiscal year 2017. The
extent of energy efficient renovation has clearly exceeded the target value
required as a contribution to the energy transition by the housing industry.
"The most important thing we can do as the housing sector to tackle climate
change is to upgrade our portfolio," says Rolf Buch, CEO of Vonovia. "It is
our social responsibility to act sustainably in order to support
requirements by the German federal government. However, we also see
declining acceptance for modernization measures, in particular in cities
with a shortage in housing. That is why, with our projects, we have to pay
even greater attention to ensuring that there is no displacement and that
people can stay in their homes. We want to provide security to our tenants."
In 2017, Vonovia invested a total of more than EUR 1 billion in the
substance of its properties, including large investments in maintenance. The
modernization segment alone had a volume of almost EUR 779 million which was
thus almost 65% above the volume of the previous year. The company clearly
exceeded the German federal government's targets for the energy efficient
renovation of housing stock: Three percent of the apartments are to be
modernized annually in order to support the energy transition, Vonovia has
hit five percent. Nationwide, this rate has been below one percent up until
now.
In terms of living space and investment volume, the focus of the
modernization plan was on the Ruhr area, in particular on Dortmund and
Essen. In 2017 alone, CO2 emissions were reduced by around 23,000 metric
tons due to energy efficient modernization. This corresponds to calculated
energy savings of more than 45% for refurbished buildings, depending on the
individual consumption. The determination of these values is based on the
standards of the international Greenhouse Gas Protocol.
The company supports the goals of the Paris climate protection agreement and
the German federal government's climate protection plan. This means that the
housing stock should be almost climate-neutral by 2050. The related energy
savings also result in significant benefits for the tenants through lower
heating costs.
Neighborhood development for a good neighborhood
Vonovia is also committed to good neighborhoods and supports initiatives for
a peaceful and committed togetherness. A current example: In cooperation
with the City of Cologne, the Lukas Podolski Foundation and the non-profit
youth welfare organization RheinFlanke e.V., a district in Cologne
Gremberghoven has been adjusted to the needs of young people. The overall
focus is a new modern and functional sports ground. In addition, a new youth
center has been created. Here, sports activities, career counselling,
holiday programs, and handicraft courses take place. Also, the integration
of refugees is a common goal.
Certification for modular construction as a goal
To provide sufficient living space for socially acceptable rental fees is
one of the major challenges faced by society. Vonovia plans to invest more
than EUR 1.4 billion in maintenance, modernization and new construction in
2018, and in particular to expand the volume of new construction
significantly. Due to long lead times in planning and building law, work on
many projects will start later than originally planned.
In 2019, more than 1,000 new apartments are set to be launched as new
constructions or attic extensions. The company relies in particular on
prefabricated modules that are assembled and individually adapted on site.
This allows reduced construction costs. Vonovia is currently checking
whether these modular construction elements can receive a certification.
This would not only demonstrate the sustainability of this type of
construction, at the same time, Vonovia would become attractive on the
financing side for green or sustainable bonds.
Strong expansion of photovoltaics
For new constructions, Vonovia in general relies on the use of photovoltaics
and therefore considers the feasibility for every project. Within just two
years, the amount of electricity generated by the company's own photovoltaic
systems has grown from virtually zero to a total of 5,510 MWh. As a result,
2,900 metric tons of carbon dioxide are saved annually. The company is
currently developing a strategy for equipping existing units with
photovoltaic systems.
Vonovia also uses pilot projects to explore how the benefits of those
systems can be further extended, for example through the additional use of
battery storage systems or cogeneration units and through corresponding
e-mobility concepts for residents. The first charging stations for e-cars
are to be built on Vonovia premises before the end of this year. Tenants can
have a charging stations installed on their pitch for a monthly rental fee.
Company strengthens diversity
Diversity plays an important role at Vonovia. The company has a ratio of 25%
women on the Management Board (the average for DAX-30 companies is 12%).
Vonovia aims to continuously improve the compatibility of family and career.
This is why more and more men are showing family commitment: Out of 219
employees who took parental leave in 2017, more than 40% were male. Vonovia
focuses on employees with different qualifications and backgrounds. This
also includes the integration of refugees to Germany into the labor market.
In 2017, a total of 14 refugees completed on-the-job training at Vonovia.
The company also supports young refugees by providing internships or by
offering to initially work in supportive activities in order to get to know
the work environment of the company.
Trainees at Vonovia account for 5.5% of the total workforce. Also in this
respect, the company is clearly above average: According to figures from the
Federal Institute for Vocational Education and Training, most recently the
number for large companies was at 4.5%.
About the GRI standards
The international GRI standards for sustainability reports are published by
the Global Reporting Initiative (GRI) and constantly evolving. Both
governmental organizations and so-called NGOs such as environmental and
human rights groups and not least the companies themselves are involved in
the development of the guidelines. GRI was founded in 1997 with the support
of the United Nations Environment Programme and is based in Amsterdam.
Vonovia's sustainability report only appears online. This is a contribution
to the sustainable use of resources. The report is available online at:
DE: http://reports.vonovia.de/2017/nachhaltigkeitsbericht/
EN: http://reports.vonovia.de/2017/sustainability-report/
About Vonovia
Vonovia SE is Germany's leading nationwide residential real estate company.
Vonovia currently owns and manages around 394,000 residential units in all
of Germany's and Austria's attractive cities and regions. Its portfolio is
worth approximately EUR 38.5 billion. 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 is also creating more and more new apartments by
realizing infill developments and adding to existing buildings.
The company, which is based in Bochum, Germany, 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 approximately 9,500
employees.
Additional Information:
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common code 094567408
Registered headquarters of Vonovia SE: Universitätsstraße 133, 44803 Bochum,
Germany
(Bochum Local Court, HRB 16879)
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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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=TBLDOVTILG
Document title: Sustainability Report 2017 published: Vonovia achieves
renovation ratio of 5%
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29.06.2018 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
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Language: English
Company: Vonovia SE
Universitätsstraße 133
44803 Bochum
Germany
Phone: +49 234 314 1609
Fax: +49 234 314 2995
E-mail: [email protected]
Internet: www.vonovia.de
ISIN: DE000A1ML7J1
WKN: A1ML7J
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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