BP-2 – Disclosures in Relation to Specific Circumstances

The reporting period for the consolidated financial statements and the combined management report, including the sustainability statement, is the calendar year.

The GHG emissions for the base year reported in the presentation of the GHG emission reduction targets and greenhouse gas balance (see E1-4 and E1-6) include Deutsche Wohnen’s portfolio. This already includes portfolio changes connected to the merger. When determining Scope 3 emissions for the upstream and downstream value chain, we use average data or proxies:

• In category 3.1, we report GHG emissions from the materials and services used for maintenance, energy-efficient modernization, heating system replacement and apartment upgrades in the fiscal year concerned. Greenhouse gas (GHG) emissions from the manufacture of building materials and materials used for new buildings completed in the relevant fiscal year are reported in category 3.2.
• The GHG emissions for Scope 3.1 are calculated using emission factors derived from representative measures in the German housing industry by the German Real Estate Economics Institute (Institut für Immobilienökonomie (IIÖ)) on behalf of the housing industry association VdW Rheinland. For the base year 2021, this process was only applied to Vonovia’s portfolio at that time due to limited data availability. GHG emissions for Scope 3.2 are determined using emissions factors based on the building construction type, which were developed through a comprehensive life cycle assessment of a model house conducted by a specialized architecture firm.
• For the extrapolation, measures and circumstances are considered as precisely as possible. Even though extrapolations and average emission factors can lead to certain deviations, these methods help to reduce uncertainties and offer a well-founded basis for the analysis even if complete accuracy cannot be achieved due to limited data and model assumptions. The degree of accuracy is already high due to the use of actual measures and the high degree of detail inherent to model house calculations.

While estimates were used to determine a small number of selected metrics, no metrics or monetary amounts were identified that entail a high degree of measurement uncertainty. None of the metrics contained in this sustainability statement are validated by an external body beyond the auditor.

This sustainability statement is being prepared in accordance with the European Sustainability Reporting Standards (ESRS) for the first time in the reporting year. This results in new and modified disclosure requirements and metric definitions, meaning that comparability with figures in reports from previous years is limited in some cases.

Vonovia also uses the sustainability statement to report on compliance with the requirements set out in the EU Taxonomy Regulation.