• Sustainability

    Sustainability

    We endeavour at all times to combine a sense of social and ecological responsibility with our business interests.

Our Challange

Urbanisation, individualisation, "new work", digitalisation and climate protection present us with major challenges. We are confronted with constantly changing user and regulatory requirements in order to limit global warming. It has become one of the most important tasks - especially for the real estate sector.

In implementing the Paris Climate Agreement, Germany has adopted national climate protection targets for 2019, which provide for a reduction in greenhouse gas emissions of at least 55 percent by 2030 compared with 1990 and aim for greenhouse gas neutrality by 2050. In Germany, real estate accounts for around one third of total CO2 emissions, 14% comes from direct emissions in the building sector. The real estate sector is therefore a particular focus of climate policy.

"Sustainable development is a development that ensures that future generations are not worse off to meet their needs than those living today."

(Brundtland-Bericht) 

Our contribution

As a 100% subsidiary of the Volkwagen Group, Volkswagen Immobilien is one of the most important housing providers in Wolfsburg and is aware of its high social responsibility, which goes far beyond the management of real estate. We offer our customers living space at affordable prices in around 9,300 residential units, as well as innovative residential services and a future-oriented infrastructure. As Corporate Real Estate Manager, we support Volkswagen AG, its brands and subsidiaries with a wide range of real estate management services and are committed to dovetailing the building environment with the brand presentation under the principles of sustainability as an integral component.

Our actions are always based on clear values. The Volkswagen Group Principles form the common foundation of values for all Group brands and companies, including Volkswagen Real Estate. Seven simple "WE" sentences formulate what the company stands for:

  1. "We bear responsibility for the environment and society"
  2. "We are sincere and address what is wrong"
  3. "We dare to try something new"
  4. "We live diversity"
  5. "We are proud of the results of our work"
  6. "We instead of me"
  7. "We keep our word".

As a real estate company and subsidiary of the Volkswagen Group, we are aware of our responsibility for our environment and the social impact of our actions and products. We are facing up to the challenges of climate change and are committed to the two-degree target and the 17 Sustainable Development Goals (SDG) adopted by the United Nations as part of Agenda 2030. It is our declared goal to reduce the CO2 emission intensity for all new and existing residential and commercial buildings by at least 35% by 2025 compared to 2015.

We are using our innovative strength in a targeted manner to reduce our ecological footprint. We pursue a concept for our real estate that includes the construction and utilization, but also the financing and operation of the properties. In this way, we not only integrate ourselves into the activities of all brands, companies and regions in the Volkswagen Group, but also aim to meet the high expectations of our stakeholders. Decarbonization has an impact on profitability and enterprise value. These can be positively influenced by a real estate portfolio that is geared to the future. It is also an important instrument for protecting against climate-related risks that could jeopardize the business model.

Our commitment to sustainability is underpinned by our corporate strategy "VWI 2025", which is embedded in the Volkswagen Group's TOGETHER - 2025+ strategy and follows the vision of being the leading real estate partner of the Volkswagen Group and its employees in Wolfsburg and around the world.

Sustainable Development Goals (SDG)
Umweltpolitik der Volkswagen Immobilien GmbH
Code of Conduct
Code of Conduct for Business Partners

Our Sustainability Report 2019

Environmental protection, social responsibility, fair interaction with customers and colleagues and the quest for economic solutions have long been an integral part of the corporate responsibility of Volkswagen Immobilien. The annual sustainability report of Volkswagen Immobilien GmbH reports on the significance of and our activities in the field of sustainability. The Sustainability Report is published annually together with the Green Bond Report.

BLUE brand family: Our holistic sustainability approach

We have been consistently implementing our holistic sustainability concept "BLUE" since 2019. With our BLUE BUILDING, BLUE FINANCE and BLUE LEASE brands, registered with the German Trademark and Patent Office, we align all phases in the life cycle of a property with sustainability aspects - from construction, financing, and use to disposal. This makes us a pioneer in the real estate industry. We also support our tenants and customers with the concept of reducing their ecological footprint. In this way we make a significant contribution to maintaining our competitiveness, but also to strengthening the perception of Volkswagen Immobilien as an excellent employer.

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Blue Building

BLUE BUILDING: Our sustainable, certified building standard

In a future-oriented and sustainable real estate industry, four core objectives are important: Energy efficiency, environmental awareness, profitability and user orientation. We have firmly anchored these in our Group's own BLUE BUILDING sustainability standard, which we have extended in 2019 to include DGNB Gold certification. This standard focuses on the construction of new residential and commercial properties and thus creates a decisive prerequisite for the sustainable life cycle of buildings. BLUE BUILDING goes far beyond the legal requirements, is scientifically sound, practically tested and follows the system of recognized real estate certification systems. It focuses on the criterion of efficient energy use and other highest economic, ecological and social requirements for sustainable planning and management. The minimum requirements are compliance with the KfW55 energy efficiency standard and DGNB Gold certification.

Grafische Darstellung Inhalte BB

BLUE BUILDING: Our sustainable, certified building standard

In a future-oriented and sustainable real estate industry, four core objectives are important: Energy efficiency, environmental awareness, profitability and user orientation. We have firmly anchored these in our Group's own BLUE BUILDING sustainability standard, which we have extended in 2019 to include DGNB Gold certification. This standard focuses on the construction of new residential and commercial properties and thus creates a decisive prerequisite for the sustainable life cycle of buildings. BLUE BUILDING goes far beyond the legal requirements, is scientifically sound, practically tested and follows the system of recognized real estate certification systems. It focuses on the criterion of efficient energy use and other highest economic, ecological and social requirements for sustainable planning and management. The minimum requirements are compliance with the KfW55 energy efficiency standard and DGNB Gold certification.

Grafische Darstellung Inhalte BB

BLUE FINANCE

BLUE FINANCE: The long-term and sustainable financing of our properties

While the sustainability focus of the real estate industry has so far been on the construction, operation and exploitation of the property, little importance has been attached to green or sustainable financing. The financial sector is playing a key role on the road to sustainable development. This role requires "patient capital" with a long-term horizon for investors. To finance the EU's climate and energy policy alone, additional investments of around €180 billion per year would be needed in the areas of transport, water, waste management and energy. We therefore consider financing a natural part of any sustainability concept and want to use "green capital" for "green assets".

Volkswagen Immobilien is the first company in the German real estate industry - and the first company in the Volkswagen Group - to offer green bonds in the form of promissory note loans and registered bonds. We have broken new and innovative ground, particularly in project selection and evaluation, and have defined criteria that are easy for investors, issuers and other parties involved to understand. We have thus taken on a pioneering role in the real estate industry and have been awarded the prestigious Property Manager Award in 2019

Our long-term goal is to establish Volkswagen Immobilien as a sustainable investor and "green issuer" on the capital market. Green bonds show the capital market how sustainably a company actually operates, what specific environmental measures are implemented and what impact these measures have. All this is disclosed in the mandatory Green Bond Report, which we published for the first time in 2019.

Volkswagen Immobilien Green Bond Framework (PDF, 0.2 MB)
Second Party Opinion (PDF, 0.8 MB)
Green Bond Assessment Methodology (PDF, 1.2 MB)
Climate Bonds Certificate (PDF, 0.2 MB)
2018 Green Bond Report (engl)
2019 Green Bond Report

BLUE FINANCE: The long-term and sustainable financing of our properties

While the sustainability focus of the real estate industry has so far been on the construction, operation and exploitation of the property, little importance has been attached to green or sustainable financing. The financial sector is playing a key role on the road to sustainable development. This role requires "patient capital" with a long-term horizon for investors. To finance the EU's climate and energy policy alone, additional investments of around €180 billion per year would be needed in the areas of transport, water, waste management and energy. We therefore consider financing a natural part of any sustainability concept and want to use "green capital" for "green assets".

Volkswagen Immobilien is the first company in the German real estate industry - and the first company in the Volkswagen Group - to offer green bonds in the form of promissory note loans and registered bonds. We have broken new and innovative ground, particularly in project selection and evaluation, and have defined criteria that are easy for investors, issuers and other parties involved to understand. We have thus taken on a pioneering role in the real estate industry and have been awarded the prestigious Property Manager Award in 2019

Our long-term goal is to establish Volkswagen Immobilien as a sustainable investor and "green issuer" on the capital market. Green bonds show the capital market how sustainably a company actually operates, what specific environmental measures are implemented and what impact these measures have. All this is disclosed in the mandatory Green Bond Report, which we published for the first time in 2019.

Volkswagen Immobilien Green Bond Framework (PDF, 0.2 MB)
Second Party Opinion (PDF, 0.8 MB)
Green Bond Assessment Methodology (PDF, 1.2 MB)
Climate Bonds Certificate (PDF, 0.2 MB)
2018 Green Bond Report (engl)
2019 Green Bond Report

BLUE LEASE

BLUE LEASE: Rental agreements promote sustainability

A prerequisite for the implementation of a sustainable real estate concept is also a partnership between landlords and tenants. In the real estate industry, a key instrument in this respect is so-called "green" rental agreements in which both parties agree on the sustainable use or management of the buildings. The associated benefits include cost savings through resource-saving behaviour, the reduction of emissions, water and energy consumption and waste, health-promoting living conditions, the strengthening of transparency and the relationship of trust between both parties, as well as the greater attractiveness of real estate if sustainability-oriented measures allow appropriate certification.

In the commercial sector, the majority of our tenants are certified according to DIN 14 001 (environmental management) and/or DIN 50 001 (energy management). Our customers have thus committed themselves to align their processes with environmentally conscious, climate-neutral and environmentally compatible behaviour and to have them audited. In the area of residential real estate, we have launched "green" leases with corresponding additional agreements as a pilot project in the new Weidenplan residential construction project in the "Steimker Gärten". The agreements are based on the regulatory recommendations of the ZIA e.V. Here, tenants benefit from tips and suggestions for sustainable living and give their consent to also pay attention to environmentally friendly behaviour. Volkswagen Immobilien, on the other hand, undertakes to obtain the electrical energy for the general power consumption of the property via a green electricity tariff and plans to use photovoltaic systems on the roofs of the houses. We are also equipping the rented property and its outdoor facilities with energy-saving lamps and switchable sockets. To save water, we install cisterns with water-saving buttons and aerators on all fittings as standard. And with the triple glazing and optimum thermal insulation in accordance with the KfW-55 standard, the thermal energy requirement of the property is in any case significantly lower than in conventional residential units.

BLUE LEASE: Rental agreements promote sustainability

A prerequisite for the implementation of a sustainable real estate concept is also a partnership between landlords and tenants. In the real estate industry, a key instrument in this respect is so-called "green" rental agreements in which both parties agree on the sustainable use or management of the buildings. The associated benefits include cost savings through resource-saving behaviour, the reduction of emissions, water and energy consumption and waste, health-promoting living conditions, the strengthening of transparency and the relationship of trust between both parties, as well as the greater attractiveness of real estate if sustainability-oriented measures allow appropriate certification.

In the commercial sector, the majority of our tenants are certified according to DIN 14 001 (environmental management) and/or DIN 50 001 (energy management). Our customers have thus committed themselves to align their processes with environmentally conscious, climate-neutral and environmentally compatible behaviour and to have them audited. In the area of residential real estate, we have launched "green" leases with corresponding additional agreements as a pilot project in the new Weidenplan residential construction project in the "Steimker Gärten". The agreements are based on the regulatory recommendations of the ZIA e.V. Here, tenants benefit from tips and suggestions for sustainable living and give their consent to also pay attention to environmentally friendly behaviour. Volkswagen Immobilien, on the other hand, undertakes to obtain the electrical energy for the general power consumption of the property via a green electricity tariff and plans to use photovoltaic systems on the roofs of the houses. We are also equipping the rented property and its outdoor facilities with energy-saving lamps and switchable sockets. To save water, we install cisterns with water-saving buttons and aerators on all fittings as standard. And with the triple glazing and optimum thermal insulation in accordance with the KfW-55 standard, the thermal energy requirement of the property is in any case significantly lower than in conventional residential units.

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Your contact

For questions about this topic, please contact:

Dr. Fabian Lander
Head of Corporate Finance and Sustainability
Phone: 05361 264-700
Mobil: