As Michael Zahn, CEO of Deutsche Wohnen, explains, “To publish our report in accordance with the standards set by the German Sustainability Code is also an expression of our support for national activities that drive sustainable development in the German economy.”
The German Sustainability Code enables companies to present their sustainable activities in a way that is transparent, comparable and, therefore, clear to both investors and other interested stakeholders. With its 20 qualitative criteria and its 28 complementary GRI performance indicators, the code provides a quick overview of a company’s ecological, social and economic performance. The German Sustainability Code was developed by the German Council for Sustainable Development on behalf of the federal government, following extensive dialogue with representatives of both conglomerates and medium-sized companies in a variety of sectors.
The housing industry was the first sector in Germany to take the German Sustainability Code, to develop it further and to add sector-specific criteria for sustainable company management. Deutsche Wohnen meets these requirements as well. In its statement of compliance, the company makes clear its position on the energy transition, age-appropriate housing and the sustainable development of both cities and their neighbourhoods.
The statement of compliance can be found under datenbank.deutscher-nachhaltigkeitskodex.de.
About Deutsche Wohnen
Deutsche Wohnen is one of the largest publicly listed real estate companies in Germany and Europe with a business focus on managing and developing its portfolio, which focusses on residential properties. As at 30 September 2015 the portfolio comprised 149,100 units, of which 147,000 were residential and 2,100 commercial properties. Deutsche Wohnen is listed in the Deutsche Börse’s MDAX and is included in the leading indices EPRA/NAREIT and GPR 100.