SBM-3 – Material Impacts, Risks and Opportunities and Their Interaction with Strategy and Business Model
The subtopics (in accordance with ESRS 1.AR 16, supplemented by entity-specific topics) based on which we assess material IROs on a consolidated basis are a main level guiding us in our actions.
Mapping of IROs to subtopics
Mapping of IROs to Subtopics | ||||
Material subtopic | IRO title | Risk/opportunity/impact (actual/potential; | ||
ESRS E1 – Climate Change | ||||
Climate change | Negative contribution to the global increase in greenhouse gas emissions | Impact (actual/negative) | ||
Positive effect on greenhouse gas reduction through modernization as part of the core business | Impact (actual/positive) | |||
Earnings potential as a result of the energy-efficient modernization of the housing stock/increase in modernization volume | Opportunity | |||
Energy | Positive contribution to energy transition | Impact (actual/positive) | ||
Climate change | Contributing to negative effects of climate change through new construction and densification | Impact (actual/negative) | ||
Positive effects through mitigation of consequences of climate change | Impact (actual/positive) | |||
ESRS S1 – Own Workforce | ||||
Working conditions (skilled-labor shortage) | Promotion of employees’ professional development | Impact (actual/positive) | ||
Employee dissatisfaction due to lack of co-determination | Impact (actual/negative) | |||
Employee satisfaction through co-determination | Impact (actual/positive) | |||
Financial opportunity through appeal as an employer | Opportunity | |||
Equal treatment | Promotion of diversity in the workforce | Impact (actual/positive) | ||
ESRS S4 Consumers and End-Users | ||||
Social inclusion of consumers and/or end-users (access to products and services) | Housing tailored to tenants’ needs | Impact (actual/positive) | ||
Improved tenant satisfaction through enhanced accessibility and service quality | Impact (actual/positive) | |||
Reduced tenant satisfaction due to limited accessibility and service quality | Impact (actual/negative) | |||
Reduced tenant turnover through the creation of homes that meet people’s needs | Opportunity | |||
Financial opportunity from increased tenant satisfaction and service quality | Opportunity | |||
Entity-specific disclosure: Neighborhood Development | ||||
Increased quality of living for tenants through contribution to neighborhood development and infrastructure | Impact (actual/positive) | |||
Entity-specific disclosure: Living at Fair Prices | ||||
Contribution to more affordable homes for tenants by adhering to regulatory frameworks | Impact (actual/positive) | |||
Contribution to more affordable homes for tenants through new construction and development activities | Impact (actual/positive) | |||
Financial risk due to changes in regulatory frameworks (rents and standards) | Risk | |||
ESRS G1 – Business Conduct | ||||
Corporate culture | Positive impacts on employees through the Code of Conduct and the creation of a corresponding corporate culture | Impact (actual/positive) | ||
Corruption and bribery | Financial risk from corruption and bribery | Risk | ||