EQS-News

Vonovia: SBTi confirms climate targets align with 1.5-degree target of Paris Climate Agreement - Seite 2

Vonovia is one of only six companies in Germany’s property sector to be certified by the SBTi as meeting science-based climate targets. The property and construction sectors play a crucial role in achieving the 1.5-degree target, which is why investors are increasingly focusing on independent verification of this ambition.

Confirmation from the SBTi and CDP shows that Vonovia’s sustainability strategy has been setting standards in the property sector for several years. With its climate path, Vonovia aims to achieve a nearly climate neutral building stock in terms of greenhouse gases by 2045. The three main drivers in this regard are a boost in efficiency through energy upgrades for building envelopes, an increase in the share of renewable energies in local neighbourhoods and a comprehensive transformation of the energy sector. In addition, both the management system and the remuneration of its Management Board are fundamentally linked to the Sustainability Performance Index.

The SBTi is a non-profit organisation and comprises the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute, the World Wide Fund for Nature and the Carbon Disclosure Project (CDP). It develops standards and benchmarks for rating for greenhouse gas reduction targets (GHG targets).

The CDP is a global non-profit organisation that has established a worldwide reporting and rating system for climate and environmental data from companies, cities and countries. It was founded in 2000 and works with over 740 financial institutions, collectively holding more than $136 trillion in assets. Worldwide, over 23,000 companies took part in the CDP Climate Change Rating in 2023. Ratings are provided in four categories: A (Leadership), B (Management), C (Awareness) and D (Disclosure).

You will find photographic material for publication free of charge at https://www.vonovia.com/download-dam/180798.  Please cite the following source: Vonovia/Simon Bierwald.

 Text: To achieve its climate targets, the housing company Vonovia is investing in the expansion of renewable energies such as solar power.

And also: https://www.vonovia.com/download-dam/180789. Source: Vonovia/Simon Bierwald.

 Text: This building was given an energy upgrade and an additional floor in timber construction. It is part of a Dortmund neighbourhood that is currently being connected to a district heating network.