Reporting on Aspects of the Non-financial Group Declaration
The Non-financial Group Declaration sets out the relevant concepts, the accompanying due diligence processes, the results of the concept and the status of implementation of the measures for each material topic.
Vonovia has prepared Group guidelines for describing the concepts and their implementation, which Deutsche Wohnen has adopted in the course of its integration. As such, the Group’s regulations, concepts and processes are thus also adapted to the new business activities.
Unless stated otherwise, the concepts presented for the 2022 reporting year still apply to the Vonovia Group excluding Deutsche Wohnen.
Nine out of the ten topics that are material for Vonovia can be allocated to the aspects covered by the German Commercial Code (HGB) in the context of the Non-financial Group Declaration:
- Environmental issues: reducing CO2 in real estate portfolio/sustainable new construction and refurbishment
- Social issues: Neighborhood development and contribution to infrastructure/fairly priced housing/homes that meet people’s needs and demographic change/customer satisfaction and service quality
- Employee issues: Appeal as an employer/diversity and equal opportunities
- Combating corruption and bribery: Governance and compliance
“Appeal on the capital market” has been identified as an additional material topic for Vonovia. Information on the “Respect for human rights” aspect, which is a requirement under the German Commercial Code (HGB), is also reported in the Non-financial Group Declaration.