Key Performance Indicator GRI SRS-102-16: Values
The reporting organization shall report the following information:
a. A description of the organization’s values, principles, standards, and norms of behavior.
Corporate governance stands for the management and control of companies in a way that is responsible and geared to creating value over the long term. The corporate governance and corporate culture of the Deutsche Wohnen Group comply with statutory requirements and – with one exception – the additional recommendations of the German Corporate Governance Code. The Management Board and Supervisory Board of Deutsche Wohnen SE feel obligated to pursue good corporate governance; all areas of business are orientated towards this purpose. Our focus is on values such as competence, transparency and sustainability. German Corporate Governance Code and Code of Conduct Deutsche Wohnen places great value on compliance with both legal provisions and the standards of the German Corporate Governance Code. Observing legal norms is primarily the responsibility of executives and the Compliance Officer. The latter is the central point of contact for all compliance matters. He/she informs the management, employees and business partners about relevant legal requirements and the consequences of breaching the regulations. Our Code of Conduct, which prescribes and defines dealings which are in compliance with the law, applies to and is binding on all of the company’s employees. Every new employee receives and commits to following the guidelines upon commencing his/her employment with the company. Additional information on standards of behaviour can be found under Criterion 15, Equal Opportunities, and Criterion 20, Lawful and regulatory behaviour.
Investment intensity (conservation and increase of the value of the real estate portfolio): Specification in EUR/m2 of living space per year (optional)
EUR 33.37 per sqm (see Annual Report 2017, p. 31)
Overall capital yield (profitability of the company) (optional)
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CO2 intensity of the building inventory (optional)
Deutsche Wohnen’s energy management activities for its portfolio and new construction projects are currently taking a two-pronged approach – with an unerring focus on greenhouse gas emissions. Firstly, we supply our properties with environmentally friendly power. We use renewable energy and supply three quarters of our existing residential units with heat or fuel from our joint venture G+D. Secondly, we are investing heavily in the energy efficiency of our apartments and facilities. We have been paying particular attention to the energy efficiency of our properties for a number of years. In terms of energy consumption, approximately 74.5% of our units already perform better than the average residential property in Germany (160 kWh/ sqm per annum).a) Some 27% of our units use less than 100 kWh/sqm per annum (A+ to C). The average consumption of our holdings stands at 133.4 kWh/sqm per annum, having fallen again slightly as compared to the previous year (2016: 135.1 kWh/sqm per annum). A graphical representation of the energy intensity of our residential units can be found in our Sustainability Report 2017, p. 50. a) The Energy Performance Certificate: Specifications for Residential Buildings (Der Energieausweis: Steckbrief für Wohngebäude), https://www.verbraucherzentrale.de/Der-Energieausweis-Steckbrief-fuer-Wohngebaeude-4, accessed on: 20 April 2018. Average figures take account of energy requirements for heating and generation of hot water. No energy performance certificate is required for approximately 30,000 units which are listed. CO2 reduction since 1990 (description of the reduction potentials and the measures, through which the CO2 reduction was achieved) (optional)
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Share of the habitations, which were completely or partially modernized from an energy point of view (optional)
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Costs of social projects (optional)
| Donations and sponsorship |
Unit |
2016 |
2017 |
| Donations and sponsorship expenses |
EUR m |
0.9 |
1.0 |
Additional information can be found under Criterion 18, Corporate Citizenship. Share of residences in the inventory, with no/low barriers (optional)
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Please note that inserted images/files are only used to supplement the reporting (text). The uploads themselves are not part of the check.