Material Sustainability Topics at Vonovia
Definition of the Material Topics
Vonovia deals in a continuous and structured manner with foreseeable developments in German real estate markets and within society and analyzes how they will affect Vonovia’s business and its value creation. We also address topics that we can use our business model to influence. We involve our stakeholders in identifying the issues that we consider to be material and relevant.
As a result, Vonovia has identified the material topics that it wants to focus on in its sustainability reporting. The focus was on ensuring that the topics selected have a direct link to Vonovia’s business success and financial development, as well as an impact our company’s value creation. At the beginning of 2017, we conducted a stakeholder survey to validate these topics as part of a materiality analysis. The survey participants included representatives of the capital market, tenants, employees, suppliers and service providers of Vonovia as well as representatives from authorities, the world of politics, associations, NGOs and academia.
The results of this analysis were translated into a materiality matrix and the topics were split into four areas: sustainable corporate governance, society and customers, the environment and employees. These four clusters illustrate the categories which we will use to subsequently report on the material topics (see Sustainability Report 2016 chapter Material Topics).
They comprise the general areas covered by the CSR-RUG law: Combating corruption and bribery and respecting human rights (sustainable corporate governance), social issues (society and customers), environmental issues (the environment)/employee issues (employees).