Vonovia: SBTi confirms climate targets align with 1.5-degree target of Paris
Climate Agreement

EQS-News: Vonovia SE / Key word(s): Sustainability/Rating
Vonovia: SBTi confirms climate targets align with 1.5-degree target of Paris
Climate Agreement

18.04.2024 / 13:26 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Vonovia: SBTi confirms climate targets align with 1.5-degree target of Paris
Climate Agreement

  * Vonovia is one of six companies in Germany's property sector to be
    validated by the Science Based Targets initiative (SBTi).

  * According to the CDP, Vonovia is recognised as one of the world's
    leading companies in climate protection measures and has been awarded an
    A- rating for best practices.

  * The financial market is increasingly calling for effective strategies to
    meet climate targets.

Bochum, 18 April 2024 - Vonovia, Europe's leading housing company, has
established a range of climate targets that are supported by science-based
methodologies. Furthermore, Vonovia SE's climate path aligns with the
1.5-degree target of the Paris Climate Agreement. This conclusion was
reached by the Science Based Targets initiative (SBTi) after a comprehensive
assessment of the company's near-term climate targets for 2030. The CDP also
awarded Vonovia an A- (Leadership) in its climate change rating, thus
confirming the company's position as a leading global climate strategist and
a benchmark setter in best practices.

'We are delighted that the SBTi has validated our climate targets and
therefore affirmed our dedicated efforts in climate protection.
Science-based climate targets are of vital importance to the financial
market, offering reliability, reducing financing costs and fostering
valuable innovation,' says CFO Philip Grosse, highlighting the significance
of the A- rating and the validation by the SBTi.

Specifically, Vonovia SE has pledged to reduce its absolute Scope 1 and 2
greenhouse gas emissions by 42% by 2030 compared to the base year of 2021.
Additionally, by 2030, Vonovia aims to reduce its absolute Scope 3
greenhouse gas emissions in the categories 'Fuel and Energy-Related
Activities', 'Use of Products Sold' and 'Downstream Leased Assets' by 25%
compared to 2021.

Vonovia is one of only six companies in Germany's property sector to be
certified by the SBTi as meeting science-based climate targets. The property
and construction sectors play a crucial role in achieving the 1.5-degree
target, which is why investors are increasingly focusing on independent
verification of this ambition.

Confirmation from the SBTi and CDP shows that Vonovia's sustainability
strategy has been setting standards in the property sector for several
years. With its climate path, Vonovia aims to achieve a nearly climate
neutral building stock in terms of greenhouse gases by 2045. The three main
drivers in this regard are a boost in efficiency through energy upgrades for
building envelopes, an increase in the share of renewable energies in local
neighbourhoods and a comprehensive transformation of the energy sector. In
addition, both the management system and the remuneration of its Management
Board are fundamentally linked to the Sustainability Performance Index.

The SBTi is a non-profit organisation and comprises the United Nations
Global Compact, the We Mean Business Coalition, the World Resources
Institute, the World Wide Fund for Nature and the Carbon Disclosure Project
(CDP). It develops standards and benchmarks for rating for greenhouse gas
reduction targets (GHG targets).

The CDP is a global non-profit organisation that has established a worldwide
reporting and rating system for climate and environmental data from
companies, cities and countries. It was founded in 2000 and works with over
740 financial institutions, collectively holding more than $136 trillion in
assets. Worldwide, over 23,000 companies took part in the CDP Climate Change
Rating in 2023. Ratings are provided in four categories: A (Leadership), B
(Management), C (Awareness) and D (Disclosure).

You will find photographic material for publication free of charge at
https://www.vonovia.com/download-dam/180798. Please cite the following
source: Vonovia/Simon Bierwald.

Text: To achieve its climate targets, the housing company Vonovia is
investing in the expansion of renewable energies such as solar power.

And also: https://www.vonovia.com/download-dam/180789. Source: Vonovia/Simon
Bierwald.

Text: This building was given an energy upgrade and an additional floor in
timber construction. It is part of a Dortmund neighbourhood that is
currently being connected to a district heating network.

About Vonovia

Vonovia SE is Europe's leading private residential real estate company.
Vonovia currently around 546,000 residential units in all attractive cities
and regions in Germany, Sweden and Austria. It also manages around 71,400
apartments. Its portfolio is worth approximately EUR 83.9 billion. As a modern
service provider, Vonovia focuses on customer orientation and tenant
satisfaction. Offering tenants affordable, attractive and livable homes is a
prerequisite for the company's successful development. Therefore, Vonovia
makes long-term investments in the maintenance, modernization and
senior-friendly conversion of its properties. The company is also creating
more and more new apartments by realizing infill developments and adding to
existing buildings.

The Bochum based company has been listed on the stock exchange since 2013.
Since September 2015 Vonovia has been a constituent in the DAX. Vonovia SE
is also a constituent of additional national and international indices,
including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global
ESG Leaders, EURO STOXX ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe,
and GPR 250 World. Vonovia has a workforce of approximately 12,000
employees.

Additional Information:

Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange

ISIN: DE000A1ML7J1

WKN: A1ML7J

Common code: 094567408

Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court,
HRB 16879

Business address of Vonovia SE: Universitätsstraße 133, 44803 Bochum,
Germany

This press release has been issued by Vonovia SE and/or its subsidiaries
solely for information purposes. This press release may contain statements,
assumptions, opinions and predictions about the anticipated future
development of Vonovia ('forward-looking statements') that reproduce various
assumptions regarding, e.g., results derived from Vonovia's current business
or from publicly available sources that have not been subject to an
independent audit or in-depth evaluation by Vonovia and that may turn out to
be incorrect at a later stage. All forward-looking statements express
current expectations based on the current business plan and various other
assumptions and therefore come with risks and uncertainties that are not
insignificant. All forward-looking statements should not therefore be taken
as a guarantee for future performance or results and, furthermore, do not
necessarily constitute exact indicators that the forecast results will be
achieved. All forward-looking statements relate solely to the day on which
this press release was issued to its recipients. It is the responsibility of
the recipients of this press release to conduct a more detailed analysis of
the validity of forward-looking statements and the underlying assumptions.
Vonovia accepts no responsibility for any direct or indirect damages or
losses or subsequent damages or losses, as well as penalties that the
recipients may incur by using the press release, its contents and, in
particular, all forward-looking statements or in any other way, as far as
this is legally permissible. Vonovia does not provide any guarantees or
assurances (either explicitly or implicitly) in respect of the information
contained in this press release. Vonovia is not obliged to update or correct
the information, forward-looking statements or conclusions drawn in this
press release or to include subsequent events or circumstances or to report
inaccuracies that become known after the date of this press release.


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18.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Vonovia SE
                   Universitätsstraße 133
                   44803 Bochum
                   Germany
   Phone:          +49 234 314 1609
   Fax:            +49 234 314 2995
   E-mail:         investorrelations@vonovia.de
   Internet:       www.vonovia.de
   ISIN:           DE000A1ML7J1
   WKN:            A1ML7J
   Indices:        DAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1882767

End of News EQS News Service
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1882767 18.04.2024 CET/CEST