Sustainability report 2014
In comparison to its earlier reports, Deutsche Wohnen was able to extend its database significantly and, for example, include in its recorded data details about materials used or the selection of local suppliers. Deutsche Wohnen also succeeded in including in this extension to its database the increase in employees and also a part of the extended residential units that resulted from its merger with GSW. Moreover, the company was able to further develop its sustainability programme and to include new targets. As in the previous reports, the industry-specific requirements of the European Public Real Estate Association (EPRA) were also applied.
Investments in modernisation and energy efficiency are having an effect
An analysis of the portfolio of Deutsche Wohnen showed that the company’s consistent programme of modernisation measures is having an effect and that Deutsche Wohnen is fit for the future. Approximately 72 % of the residential units have an energy consumption that is lower than the average of 160 kWh/sqm per year for residential buildings in Germany. As Michael Zahn, Chief Executive Officer of Deutsche Wohnen AG, explains, “In order to further improve the energy efficiency of our holdings and the quality of housing, we plan to make investments in the amount of EUR 280 million in this area over the next four years.”
The company is also adhering to consistent standards of sustainability in the case of more than 100 new apartments which it is building in Potsdam-Babelsberg for around EUR 21 million. This new build is being given the silver standard seal of approval by the German Sustainable Building Council [Deutsche Gesellschaft für Nachhaltiges Bauen – DGNB]. In the case of a further project, which is planned in Berlin-Westend, Deutsche Wohnen is aiming to achieve a gold standard certificate for this residential estate as a “Sustainable Urban Quarter”.
Dialogue with politicians and society
With its comprehensive programme of modernisation and its first new building projects, Deutsche Wohnen is contributing significantly to the task of making urban housing sustainable. As Michael Zahn points out, “We are intensifying our involvement in social dialogue so that, together with politicians and associations, we can develop joint solutions to the social and energy-efficiency challenges we face. After all, we need reliable framework conditions in order to be able to make long-term investments.”
Of value to society
With the measures it is taking in its core business, Deutsche Wohnen is acting in line with its conviction of creating “added value” for society whilst contributing to climate protection. But the company is going further than this as well. The report provides information about current projects to upgrade residential neighbourhoods, with a regional focus on large estates from the 1960s and 1970s in Berlin and Hanover.
The sustainability report and the magazine are available for download on our website http://www.deutsche-wohnen.com/html/en/sustainability.php. The magazine also is available as a print version.
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 June 2015, the portfolio comprised a total of 144,000 units, of which 141,900 are residential units and 2,100 are commercial properties. Deutsche Wohnen is listed in the Deutsche Börse’s MDAX and is included in the leading indices EPRA/NAREIT and GPR 100.