Key Performance Indicators to criteria 8

Key Performance Indicator GRI SRS-102-35: Renumeration policies
The reporting organization shall report the following information:

a. Remuneration policies for the highest governance body and senior executives for the following types of remuneration:
i. Fixed pay and variable pay, including performance-based pay, equity-based pay, bonuses, and deferred or vested shares;
ii. Sign-on bonuses or recruitment incentive payments;
iii. Termination payments;
iv. Clawbacks;
v. Retirement benefits, including the difference between benefit schemes and contribution rates for the highest governance body, senior executives, and all other employees.

b. How performance criteria in the remuneration policies relate to the highest governance body’s and senior executives’ objectives for economic, environmental, and social topics.

The Management Board contracts of Deutsche Wohnen SE contain fixed and variable remuneration components. The variable component for all members of the Management Board is adjusted to the requirements of section 87(1), sentence 3, of the German Stock Corporation Act. [AktG]. It is tied to the achievement of the company’s economic goals and is calculated primarily based on multiyear assessment criteria. The variable remuneration may only be claimed if there has been a correspondingly positive development in the company’s business. In this way, the compensation structure is aligned to sustainable corporate development and the incentive and risk effects of the variable remuneration are optimised.

The detailed Remuneration Report of Deutsche Wohnen SE for the financial year 2017 can be found on the company’s website under

The remuneration of the Supervisory Board was established by the Annual General Meeting in clause 10(7) of the Articles of Association. Accordingly, the members of the Supervisory Board receive a fixed annual remuneration in the amount of EUR 75,000. The Chairman of the Supervisory Board receives three times the standard remuneration; the Deputy Chairman receives one-and-a-half times the standard remuneration. Each Supervisory Board member receives a lump-sum amount of remuneration of EUR 15,000 per financial year for his or her membership of the Audit Committee of the Supervisory Board, with the Chairman receiving twice this amount. Remuneration for membership of other Supervisory Board committees is paid in the amount of EUR 5,000 per member, committee and financial year, with the Chairman receiving double this amount in each case. The total amount of all remuneration paid to each member of the Supervisory Board, plus any remuneration paid for membership of Supervisory Board committees and comparable executive bodies of Group companies may not exceed EUR 300,000 (excluding VAT) per calendar year. Expenses are reimbursed. In addition, the company can, at its expense, include the members of the Supervisory Board in a D&O insurance policy for institutions and managers, and has done so. A deductible, payable by the members of the Supervisory Board, was agreed for this in accordance with the requirements of section 93(2) of the German Stock Corporation Act. (AktG) in conjunction with article 51 of Regulation (EC) No 2157/2001.
No performance-based remuneration is paid to members of the Supervisory Board. Details of the remuneration paid to the members of the Supervisory Board can be found in the Remuneration Report.

The detailed Remuneration Report of Deutsche Wohnen SE for the financial year 2017 can be found in the Annual Report 2017 on pages 72 to 79..

Additional information on the remuneration structure for our employees can be found under Criterion 15, Equal Opportunities.

Key Performance Indicator GRI SRS-102-38: Annual total compensation ratio
The reporting organization shall report the following information:

a. Ratio of the annual total compensation for the organization’s highest-paid individual in each country of significant operations to the median annual total compensation for all employees (excluding the highest-paid individual) in the same country.

Management Board remuneration is disclosed in Deutsche Wohnen SE’s comprehensive remuneration report, which can be accessed here. The performance indicator total annual remuneration ratio is not used for internal management purposes at Deutsche Wohnen SE. The data is therefore not currently recorded and disclosed in relation to an average employee remuneration figure.