Vonovia Sustainability Profile
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 60% 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 globally. This includes Scope 1 emissions of about 508,284,000 kg CO2e, Scope 2 emissions of approximately 1,670,346,000 kg CO2e (market-based), and Scope 3 emissions totalling around 840,804,000 kg CO2e. Notably, in Germany, the company’s emissions reached about 1,529,323,000 kg CO2e, with Scope 1 at 488,599,000 kg CO2e, Scope 2 at approximately 273,948,000 kg CO2e, and Scope 3 at around 766,775,000 kg CO2e. Vonovia has set ambitious reduction targets, committing to a 42% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2021 baseline. Additionally, the company aims to reduce 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 limiting global warming to 1.5°C. To support these commitments, Vonovia plans to conduct energy-efficient refurbishments on at least 3% of its building stock annually, reflecting a proactive approach to sustainability and emissions reduction.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,208,000 | 0,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 2,284,000 | 000,000,000 | 0,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 93,879,000 | 00,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Vonovia's Industry?
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Vonovia's Scope 3 Categories Breakdown
Vonovia's Scope 3 emissions, which decreased by 3% last year and increased by approximately 796% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 28% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 66% of Scope 3 emissions.
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Vonovia's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Vonovia has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Vonovia's sustainability data and climate commitments