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 34 is higher than 56% 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 carbon emissions of approximately 1,670,346,000 kg CO2e globally, with emissions distributed across various scopes: 508,284,000 kg CO2e (Scope 1), 1,670,346,000 kg CO2e (Scope 2), and 840,804,000 kg CO2e (Scope 3). In Germany alone, the company emitted about 1,529,323,000 kg CO2e, with Scope 1 emissions at 488,599,000 kg CO2e, Scope 2 at 273,948,000 kg CO2e, and Scope 3 at 766,775,000 kg CO2e. Vonovia has set ambitious reduction targets, committing to a 42% reduction in absolute Scope 1 and 2 greenhouse gas 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 in the real estate sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 24,391,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 3,116,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 5,346,000 | 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.
