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Sustainable Governance and Responsible Business Practices

Managing a company well means managing it responsibly – and having management independently monitored. That is why we introduced our corporate governance principles. They are clear rules that guide our actions. They include respect for human rights and responsible interactions with employees, suppliers and tenants.

Highlights and Achievements

Stability of our business model

Successfully proven – despite crises and high interest rates

No cases of corruption or discrimination

No cases of corruption or discrimination subject to reporting obligation

Guidelines and whistleblower hotline

Group guidelines and codices for the protection of employees, customers and business partners, such as the Business Partner Code, regularly updated. Independent whistleblower hotline in regular operation for employees and stakeholders

Sustainable bonds

A total of eight sustainable bonds amounting to more than €5 billion and SEK 1.25 billion issued and the EU Taxonomy-aligned Sustainable Finance Framework implemented

Regular and mandatory training

Comprehensive catalog of regular and mandatory training in the areas of compliance and data protection firmly established

Promoting human rights

Declaration of Respect for Human Rights updated, human rights officer appointed and a comprehensive risk analysis for the company’s own area of business and supply chain carried out. First report on the Supply Chain Due Diligence Act published

Stability of our business model

Successfully proven – despite crises and high interest rates

Sustainable bonds

A total of eight sustainable bonds amounting to more than €5 billion and SEK 1.25 billion issued and the EU Taxonomy-aligned Sustainable Finance Framework implemented

No cases of corruption or discrimination

No cases of corruption or discrimination subject to reporting obligation

Regular and mandatory training

Comprehensive catalog of regular and mandatory training in the areas of compliance and data protection firmly established

Guidelines and whistleblower hotline

Group guidelines and codices for the protection of employees, customers and business partners, such as the Business Partner Code, regularly updated. Independent whistleblower hotline in regular operation for employees and stakeholders

Promoting human rights

Declaration of Respect for Human Rights updated, human rights officer appointed and a comprehensive risk analysis for the company’s own area of business and supply chain carried out. First report on the Supply Chain Due Diligence Act published

Topics at a Glance

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Governance and Compliance

Our commitment to governance and compliance is the foundation for responsible corporate management.
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Human Rights Due Diligence and Supply Chain

The European legal framework within which Vonovia's business model operates is strictly regulated and controlled on the markets in Germany, Austria and Sweden.
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Digitalization and Data Security

Digitalization offers many starting points for the further development of processes. The topic plays a major role at Vonovia.
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Transparency is the Foundation of our Business

For us, sustainability, transparency and corporate success are inextricably linked. Integrating sustainability into our strategic and business processes is a key issue, as it contributes directly to the company’s success. With the inclusion of digital work and communication processes in the business world, the structured management of information and data is also growing in significance. This issue is particularly relevant for us as we handle sensitive corporate and personal data. It is extremely important that we keep this data safe.   

Trust is the top priority for our customers, the capital market, employees and all other key stakeholders. In order to gain trust and maintain it, we have made reliable and transparent corporate governance the foundation of our business. We adhere to laws, guidelines and regulations and manage our business responsibly and independently in line with the principles of good corporate governance. If we fail to meet the expectations of our stakeholders, this may lead to risks that could have negative impacts on our business (e.g., liability risks or potential administrative fines) and our reputation.   

Although the laws in the markets we serve in Germany, Austria and Sweden already offer a secure framework particularly in terms of labor and social standards – such as the Supply Chain Due Diligence Act – human rights aspects are increasingly moving into the spotlight. This applies, for instance, to risks relating to compliance with labor and social standards on construction sites. We are taking it into account by carrying out a comprehensive risk analysis and publishing our first report on the Supply Chain Due Diligence Act. 

 

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Governance and Compliance

Our compliance management system (CMS) supports the corporate management in its direction and is intended to prevent employee misconduct and safeguard the company against misconduct.

Strict adherence to compliance rules protects the integrity of employees, customers and business partners, and shields our company from negative influences. This is an indispensable prerequisite for being perceived as a reliable and trustworthy partner.

Our CMS is supported by our whistleblowing hotline – a web-based whistleblowing system. Violations of rules or laws can be reported here online in eight different languages and anonymously if so desired. This whistleblowing system is freely accessible to all employees, suppliers, customers and other stakeholders.

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Human Rights Due Diligence and Supply Chain

Vonovia’s business model includes the construction, maintenance and refurbishment of homes. We are aware of our social responsibility as a company active in this important sector. Our constant aim is to prevent or minimize the risks associated with our business activities.

We strive for full transparency in our compliance with human rights and all relevant standards along the entire supply chain – from raw material extraction to sales. Our stakeholders, too, increasingly expect this transparency. We jointly implement these requirements in close collaboration with our external partners.

Almost all of our direct suppliers are based in the European Union.
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Digitalization and Data Security

The long-term protection of personal data is particularly important to Vonovia. We therefore strictly adhere to the applicable provisions of data protection law and take the necessary measures to ensure the comprehensive protection of this data. These include a uniform Group-wide rulebook on data protection and privacy, information security and the internal control system, and a cyber security system to protect company-related data. 

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