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Vonovia operates within a strictly regulated and monitored European framework. This is especially true of the fundamental human rights enshrined in the German Basic Law, which are of utmost importance to Vonovia, regardless of the legal context. Our unwavering commitment to these rights is reflected in our internal policies. We regularly review and actively promote compliance with these principles across our markets in Germany, Austria, and Sweden. We naturally adapt our policies to evolving regulatory requirements. By carrying out the risk analysis required under the German Supply Chain Due Diligence Act, we help to shape our supply chain and fulfil our related due diligence obligations.
Our position is clear: we respect and uphold human rights within our own operations and across our supply chain. We strive for transparency across our entire supply chain regarding compliance with human rights and other relevant standards (insert link). Our aim is to identify, prevent and mitigate risks linked to our business activities.
We thoroughly investigate all indications of potential violations and take them very seriously. We engage in respectful, partnership-based collaboration with our business partners. Alongside fair working conditions, we also expect environmental and climate protection measures to be upheld throughout our supply chain.
We openly communicate our commitment to a pluralistic, democratic society and maintain zero tolerance for any form of human rights violation. This principle is articulated in our Declaration of Respect for Human Rights. We are committed to upholding the ILO core labour standards, the UN Guiding Principles on Business and Human Rights, and the principles of the UN Global Compact, which we joined in 2020.
Vonovia’s business model centres on the construction, management, and modernisation of residential real estate. We are fully aware of the social responsibility that comes with operating as a company in this essential sector.
We fulfill this responsibility through the role of the Chief Compliance Officer. At Vonovia, the Chief Compliance Officer also acts as Human Rights Officer and reports directly to the CEO. A cross-functional committee with representatives from Procurement, Compliance & Data Protection, Human Resources, and Sustainability meets regularly to review and oversee Vonovia’s fulfilment of human rights and environmental due diligence obligations.
In addition to respecting human rights, Vonovia is also committed to environmental and climate protection across its supply chain. Both central and regional procurement functions are responsible for all sourcing processes—including the selection, onboarding, and ongoing evaluation of suppliers—with central procurement playing a key role. We are aware of the risks within our supply chain, especially in raw material extraction, construction material production, and adherence to labour and social standards on construction sites.
At Vonovia, we focus on long-term, partnership-oriented relationships built on mutual respect. This approach enables us to foster strong, trust-based partnerships with our business partners and enhance the resilience of our supply chain. Furthermore, we actively raise awareness among our suppliers regarding not just human rights, but also environmental and climate protection throughout the supply chain.
Supply chain risk analyses are coordinated by central procurement. In parallel, our Compliance & Data Protection team is responsible for operational risk assessments and for following up on any suspected misconduct. We conduct regular risk analyses to minimise risks and develop suitable mitigation measures.