Material Topics

GRI

In order to meet our responsibilities toward the environment and society, we focus our sustainability efforts on topics that are material and relevant to Vonovia. We analyze and update these topics based on developments in the European real estate markets, society and politics. We also include topics that we can influence with our business model.

Performing a Materiality Analysis

We identified and prioritized the topics that were material to our company and our business activities for the first time in preparing the 2015 sustainability report. A stakeholder survey was conducted at the beginning of 2017 to validate and amend these topics. Please refer to the 2016 Sustainability Report for a detailed description of the procedure. SR 2016, Performance of a Materiality Analysis to Validate the Content of the Report 102-48, 102-49

The evaluation of the topics was transferred to a materiality matrix, which showed that none of the topics were classified as irrelevant by the stakeholders. The topics raised by the stakeholders themselves were all topics that Vonovia already addresses. 102-46

We intend to perform another materiality analysis in 2020. The aim is to reflect the course taken until that point and give us the opportunity to include or reevaluate current developments and issues in our sustainability management.

Materiality Matrix 102-47

Material Topics per Focus Areas 102-47, 103-1

	Material for

Material topic	Vonovia/ business processes	Customers/society	Supply chain	GRI topics	Link

Sustainable corporate governance
Long-term growth	x			Economic performance	Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators Outlook for 2019 Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Open dialogue with society		x		Public policy // Stakeholder engagement	Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators Objectives, Measures and Indicators
Compliance and anti-corruption	x		x	Anti-corruption // Human rights // Anti-competitive behavior // Environmental compliance // Socio-economic compliance // Marketing and labeling	Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Adjustments to reflect climate change	x	x		Economic performance	Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators Outlook for 2019 Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Environmental standards in the supply chain			x	Procurement practices // Supplier environmental assessment	Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Social and labor standards in the supply chain			x	Procurement practices // Supplier social assessment // Human rights	Objectives, Measures and Indicators Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators Management Approach

Society and customers
Portfolio maintenance	x	x	x	Material topic – not covered by GRI	Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Tenant health and safety		x		Customer health and safety	Objectives, Measures and Indicators Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Creation of homes		x		Local communities	Objectives, Measures and Indicators Objectives, Measures and Indicators
Service quality and customer satisfaction		x		Stakeholder engagement	Management Approach Objectives, Measures and Indicators
Neighborhood development	x	x		Indirect economic impact // Local communities	Objectives, Measures and Indicators Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators Objectives, Measures and Indicators Objectives, Measures and Indicators Objectives, Measures and Indicators
Affordable rents	x	x		Indirect economic impact	Objectives, Measures and Indicators Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators Objectives, Measures and Indicators Objectives, Measures and Indicators
Corporate citizenship		x		Indirect economic impact	Objectives, Measures and Indicators Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators Objectives, Measures and Indicators Objectives, Measures and Indicators

Environment
Energy efficiency and reducing greenhouse gas emissions in the portfolio	x	x		Energy // Emissions	Management Approach Objectives, Measures and Indicators Challenges, Opportunities and Risks Management Approach Objectives, Measures and Indicators Challenges, Opportunities and Risks
Environmental protection in the portfolio	x	x		Biodiversity // Water // Effluents and waste	Objectives, Measures and Indicators Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Environmental protection in connection with renovation and new construction measures	x			Water // Effluents and waste	Objectives, Measures and Indicators Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Company environmental protection	x			Energy // Emissions // Water // Effluents and waste	Management Approach Objectives, Measures and Indicators Challenges, Opportunities and Risks Management Approach Objectives, Measures and Indicators Challenges, Opportunities and Risks
Impact of transportation/logistics	x			Energy // Emissions	Management Approach Objectives, Measures and Indicators Challenges, Opportunities and Risks Management Approach Objectives, Measures and Indicators Challenges, Opportunities and Risks

Employees
Training and education	x			Training and education	Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Work–life balance	x			Employment // Occupational health and safety	Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators Outlook for 2019 Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Diversity and equal opportunities	x			Diversity and equal opportunity // Anti-discrimination/equal treatment	Objectives, Measures and Indicators Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Health management/occupational health and safety	x			Occupational Health and Safety	Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators
Co-determination	x			Labor/management relations // Freedom of association and collective bargaining	Management Approach Challenges, Opportunities and Risks Objectives, Measures and Indicators Outlook for 2019