Vonovia
Vonovia SE, headquartered in Germany, is a leading residential property company that operates primarily in the German real estate market. Founded in 2001, Vonovia has rapidly grown to become one of Europe’s largest housing providers, managing a diverse portfolio of over 400,000 residential units across major urban regions. Specialising in the acquisition, development, and management of residential properties, Vonovia is committed to enhancing living standards through innovative housing solutions and sustainable practices. The company’s unique approach includes modernising existing properties and investing in energy-efficient technologies, setting it apart in the competitive real estate sector. With a strong market position, Vonovia has achieved notable milestones, including its listing on the DAX index, reflecting its significant impact on the European housing landscape. As a trusted name in the industry, Vonovia continues to shape the future of residential living in Germany and beyond.
DitchCarbon Score
How does Vonovia's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Vonovia's score of 40 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vonovia's reported carbon emissions
In 2023, Vonovia SE reported total greenhouse gas emissions of approximately 1,670,346,000 kg CO2e. This includes Scope 1 emissions of about 508,284,000 kg CO2e, Scope 2 emissions of approximately 321,259,000 kg CO2e (market-based), and Scope 3 emissions totalling around 840,804,000 kg CO2e. Notably, in Germany, their emissions were about 1,529,323,000 kg CO2e, with Scope 1 at 488,599,000 kg CO2e and Scope 2 at approximately 273,948,000 kg CO2e. Vonovia has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030 from a 2021 baseline. Additionally, they plan to cut Scope 3 emissions from fuel- and energy-related activities, use of sold products, and downstream leased assets by 25% within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with the reductions required to limit global warming to 1.5°C. To support these goals, Vonovia is committed to conducting energy-efficient refurbishments on at least 3% of their building stock annually, reflecting their ongoing modernization efforts. This strategy is part of their broader sustainability initiatives aimed at reducing their carbon footprint and enhancing energy efficiency across their operations.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,014,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 330,000 | 0,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Vonovia is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
