EU Taxonomy Regulation
Identification and Categorization of Economic Activities Eligible for Taxonomy
In accordance with the EU Taxonomy Regulation, we report on the proportion of our taxonomy-eligible and taxonomy-aligned turnover, capital expenditure and operating expenses.
Vonovia has identified taxonomy-eligible activities under EU environmental objective 1 (climate change mitigation, CCM) in its business model. Some of these activities would also be taxonomy-eligible under EU environmental objective 4 (transition to a circular economy, CE). In order to avoid double counting, Vonovia allocates these in full to EU environmental objective 1. With regard to EU environmental objective 2 (climate change adaptation, CCA), we do not report any taxonomy-eligible activities, because we do not generate any turnover from eligible activities and do not allocate any separate CapEx (or OpEx) to this EU environmental objective in order to prevent double counting.
EU environmental objectives 3 (sustainable use and protection of water and marine resources, WTR), 5 (pollution prevention and control, PPC) and 6 (protection and restoration of biodiversity and ecosystems, BIO) do not result in any further taxonomy eligibility. Accordingly, and as in the previous year, we have identified the following activities as being taxonomy-eligible:
EU Taxonomy Criteria
EU Taxonomy Criteria | Activities undertaken by Vonovia | Revenue | Investments | Operating expenses | |||||
CCM 7.1/CE 3.1 | Construction of new buildings | Revenue from Development to sell | icon | ||||||
CCM 7.2/CE 3.2 | Renovation of existing buildings | Investments for energy modernizations (7.2), Investments for refurbishments without energy-related effects (e.g. empty apartment refurbishments) (3.2) | icon | ||||||
CCM 7.3 | Installation, maintenance and repair of energy efficiency equipment | Investments for measures that are not covered by 7.2 (e.g. heating modernization, insulation, window replacement) | icon | ||||||
CCM 7.4 | Installation, maintenance and repair of charging stations for electric vehicles in buildings (and parking spaces attached to buildings) | Investments for charging stations and wallboxes | icon | ||||||
CCM 7.5 | Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings | Investments for metering technology and smart metering | icon | ||||||
CCM 7.6 | Installation, maintenance and repair of renewable energy technologies | Investments for photovoltaic facilities | icon | ||||||
CCM 7.7 | Acquisition and ownership of buildings | Revenue from rental income and recurring sales, investments for acquisitions, Development to hold and capitalized internal expenses without energy-related effects (e.g., major maintenance measures and vacant apartment renovations), operating expenses for non- capitalized maintenance (e.g., minor maintenance) | icon | icon | icon | ||||
CCM 4.1 | Electricity generation using solar photovoltaic technology | Revenue from the sale of self-generated electricity to tenants and/or feed-in to the grid | icon | ||||||
CCM 3.3 | Manufacture of low carbon technologies for transport | Investments for fleet | icon | ||||||
CE 1.2 | Manufacture of electrical and electronic equipment | Investments for IT hardware equipment and other electronic operating and business equipment | icon | ||||||
Turnover from the condominium administration business, energy sales from energy trading activities, and multimedia is not taxonomy-eligible. The Care segment is no longer reported under turnover for the 2024 fiscal year, but rather separately as a discontinued operation.
Vonovia is not affected by any economic activities related to energy generation from fossil gas or nuclear energy. As a result, Vonovia does not submit the specific reporting forms for these activities. Vonovia has acknowledged the FAQs published on November 29, 2024. As the FAQs were published at short notice, Vonovia has not made any changes to its selected approach in order to maintain consistent reporting.