DGAP-News Deutsche Wohnen SE: Deutsche Wohnen focuses on climate neutrality
DGAP-News: Deutsche Wohnen SE / Key word(s): Sustainability
Sustainability Report 2020
Deutsche Wohnen focuses on climate neutrality
- Climate strategy: climate-neutral property stock by 2040
- Sustainable building in accordance with Gold standard of German Sustainable Building Council
- Issuance of green corporate bonds
- Customer satisfaction continues to be highest priority
Berlin, 28 April 2021. Today, Deutsche Wohnen published its Sustainability Report for the reporting year 2020. In this report the company provides information about the progress it is making with its commitment to sustainability and sets itself ambitious goals for the future.
Michael Zahn, the CEO of Deutsche Wohnen SE, summarises the situation as follows: "Thanks to our ongoing investment in building shells, building technology and energy-efficient refurbishment work, we have today one of the most climate-friendly portfolios in our sector. Consequently, we have set ourselves the target of achieving climate neutrality in our holdings in less than 20 years. We are involving our tenants in our journey towards this target and are designing all our investments to be socially responsible."
Climate-neutral holdings by 2040
The success of the climate transition will also be decided in the property sector because currently it is responsible for a third of the country's CO2 emissions. As part of this sector, Deutsche Wohnen is aware of its responsibilities and wants to lead the way with ambitious climate goals. Accordingly, it is planned to make the company's property holdings climate-neutral by as early as 2040. Building on the work it has already done in previous years, Deutsche Wohnen will invest above all in the energy-efficient refurbishments of its buildings and in the low-carbon generation of heat and electricity. To achieve this, it is critically important to deploy solar cell systems and to interlink local heat and hot water generation with efficient combined heat and power (CHP) plants. Equally, it is intended that climate-friendly new builds, building automation and smart applications for regulating heating should contribute to achieving the goal of climate neutrality. By adopting these measures, Deutsche Wohnen will reduce its current CO2 intensity of 33 kg CO2e/m2 to below 12 kg CO2e/m2 by 2040. In so doing, the company will achieve the target corridor for practically climate-neutral holdings which has been defined as a reliable standard by the Initiative Wohnen 2050 (IW.2050), an association of housing companies.