About This Report
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Our Sustainability Report is designed to show our stakeholders how Vonovia takes responsibility for society, the environment and employees, and incorporates these aspects into its core business without losing sight of the economic aspects.
Content and Structure of the Report
Our second Sustainability Report sees us continue on the path we embarked upon in 2015 with more in-depth reporting. We have focused, in particular, on expanding the range of key figures taken as a basis, especially with regard to environmental matters. We have also given our stakeholders an active role in validating the content of the report as part of a materiality analysis.
The report describes our company’s performance based on financial and non-financial information. Financial information includes disclosures about our business model, corporate goals, business development in 2016 and selected financial key figures. The non-financial aspects involve the social and ecological dimensions of our company.
The thematic focus is on the areas of corporate governance, customers and society, the environment and employees. The report is structured according to our sustainability activities, which reflect the material economic, social and ecological aspects of Vonovia SE.
Inclusion of the New GRI Sustainability Reporting Standards (SRS)
Vonovia prepared its Sustainability Report for the 2015 fiscal year in line with the G4 standard of the Global Reporting Initiative (GRI). This is now the first report based on the new GRI standards, which were published in October 2016. This report has been prepared in accordance with the GRI Standards: Core option. GRI was informed of the application of the GRI standards and the publication of this report. 102-54
Vonovia observes the following five principles in its reporting:
Principle of Timeliness
Vonovia’s Sustainability Report is published on an annual basis. This report relates to the 2016 fiscal year, meaning that it picks up exactly where the 2015 Sustainability Report, which was published in the fall of 2016, left off. 102-51, 102-52
Principle of Comparability and Transparency
As in the previous year, we have also prepared this report in accordance with the “core option” of the GRI standards, including the voluntary sector-specific disclosures for “Construction and Real Estate.”
In addition, we are following the EPRA Best Practice Recommendations on Sustainability Reporting as well as the Code of Conduct of the ZIA Zentraler Immobilien Ausschuss e. V. (the German Property Federation). The key figures were collected and calculated by Controlling and by the Product Management, Ancillary Expenses, HR and Procurement departments. Any year-over-year deviations or instances in which figures have been recalculated are indicated in the corresponding section of this report.
An independent third party has not conducted an external review of the report’s content. 102-56
Principle of Clear Definition and Consolidation (Boundary of the Report)
The reporting period encompasses the 2016 fiscal year (Jan. 1 to Dec. 31, 2016). Unless stated otherwise, the calculated key figures as well as qualitative information relate to this time period and encompass the entire Vonovia Group. conwert Immobilien Invest SE, which was acquired in 2016, has not been included in principle. 102-50, 102-45
Principle of Stakeholder Focus/Materiality
Our aim is to provide our internal and external stakeholders with a transparent, holistic report on our business model and how we take social and ecological aspects into account at all stages in the value chain. We also want to demonstrate how our business activities impact society and the environment.
In order to base our report on the needs of our stakeholders, we identified our relevant stakeholders as part of the 2015 Sustainability Report and gathered key topics for the sustainability of our business activities. In line with the GRI guidelines, the content of the report was selected based on the criterion of materiality.
In early 2017, we used a structured stakeholder survey and expert interviews to perform a materiality analysis in order to validate these topics. The results of this process have been incorporated into this report. This means that our Sustainability Report covers all of the topics that either reflect areas in which Vonovia has a major economic, ecological or social impact, or could have a significant impact on our stakeholders (see Material Topics). 102-46