Risk Assessment Based on Sustainability Aspects
The analysis and assessment of risks, taking into account sustainability considerations, plays a major role for Vonovia. With the integration of such sustainability risks in the company’s risk management system, which was completed in 2020, we pay such risks due consideration. We not only analyze the risks in relation to business operations (outside-in perspective), but also in relation to the possible impacts on the environment and society (inside-out perspective). We provide information on these risks, as well as on the reconciliation of the Deutsche Wohnen risk assessment, in our Opportunities and Risks report.
In the Non-financial Group Declaration, material risks associated with the Group’s own business activities – and business relations or products and services of the Group – which are very likely to occur and which could have very challenging negative effects on non-financial topics must be reported. On the basis of the risk analyses performed separately for Vonovia and Deutsche Wohnen and in the opinion of Vonovia’s management, there are no non-financial risks that meet the materiality criteria pursuant to Section 289c (3) Nos. 3 and 4 HGB in net terms.