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 93% 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 reported total carbon emissions of approximately 1,742,702,000 kg CO2e globally, with significant contributions from Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions accounted for about 508,284,000 kg CO2e, while Scope 2 emissions totalled approximately 393,615,000 kg CO2e. The majority of emissions stemmed from Scope 3, which reached about 1,470,714,000 kg CO2e, highlighting the impact of downstream leased assets and fuel-related activities. For the German market, Vonovia's emissions were notably higher, with total emissions of approximately 1,529,323,000 kg CO2e. This included Scope 1 emissions of about 488,599,000 kg CO2e and Scope 2 emissions of approximately 273,948,000 kg CO2e. Scope 3 emissions in Germany were reported at around 766,775,000 kg CO2e. Vonovia has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2021 as the baseline year. Additionally, the company targets a 25% reduction in absolute Scope 3 emissions, which encompass fuel- and energy-related activities, the use of sold products, and downstream leased assets, within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to support global efforts to limit warming to 1.5°C.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 14,453,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,955,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 1,480,163,000 | 000,000 | 000,000 | 000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
