Management Approach

We continually develop our building stock and keep stock in the portfolio over the long term because long-term, stable growth forms the basis of Vonovia’s business model. This is legitimized by our conduct and the presence of our employees – and is also reflected in customer demand and their flexibility within the applicable framework conditions. Transparent corporate governance, which includes taking responsibilities for people and the environment seriously, is indispensable. After all, residential real estate companies cannot easily move their “products” and employees. Residential real estate companies thrive through long-term customer relationships and the development of their physical portfolios (see chapter Long-term Growth).

As a residential real estate company that is aware of its relevance to society, we maintain close contact with various stakeholder groups from the worlds of politics, business, society and the scientific community. We take their views, concerns and ideas on board and include them in our work. This raises appreciation of our business operations markedly (see chapter Open Dialogue With Society).

Vonovia is a trustworthy and reliable partner. This is how we want to be seen by our customers, shareholders, business partners, employees, society and the wider public. Adhering to laws and directives is just as important as pursuing the good and sustainable guidelines laid out in our corporate code (see chapter Corporate Governance and Compliance/Anti-corruption).

In terms of sustainable corporate governance, we have identified the following material topics and integrated them into our materiality matrix:

• Long-term growth
• Open dialogue with society
• Corporate governance and compliance/anti-corruption

In the following chapter, we will cover these topics in detail and explain their relevance for Vonovia. The relevant challenges, opportunities and risks, and the objectives, measures and indicators are outlined for each topic.