VGP Corporate Responsibility Report - Highlights 2022
Our approach to sustainability
As a family-owned business we aim to use our know-how to ensure that we contribute to a bright and sustainable future for the coming generations.
We seek to continuously optimize our buildings in accordance with the demands of the market and the latest technological innovations. Energy efficiency and sustainability are among our top priorities. We know that it is possible to build, redevelop, renovate and transform logistics properties in a sustainable and technologically advanced way. This is beneficial to both the environment and the wellbeing of the people who work at our locations.
To help our employees thrive in the culturally diverse markets in which we operate, VGP is actively promoting an inclusive and transparent workplace. Our strong family culture and collegial spirit is based on mutual trust and respect, and we strive to provide opportunities for growth to our employees with room for personal initiative. At VGP, we celebrate our differences and support a working environment free of harassment and discrimination, where all of our colleagues can contribute equally to our commercial goals.
We strive to create sustainable value and be a trusted partner to our customers and the communities in which we operate as well as to our employees
Sustainability efforts for our own activities
VGP has committed to reducing scope 1 and 2 GHG emissions by 50% by 2030 and to achieve net-zero carbon emissions by 2025.
In order to realize this ambitious goal, we have introduced four key measures in the different fields of our day-to-day operations, based on the findings of a GHG protocol compliant carbon footprint analysis conducted over 2019:
- Making commuting more sustainable by transitioning to electric cars and to bikes for trips of < 10km
- Introducing a business travel policy which aims to replace flight travel by teleconferencing for 20% of meetings and by train for trips of < 750km
- Switching to green energy contracts for our office buildings
- Promoting digitization to reduce paper consumption and waste
We finalised our transition to 100% certified Green Power for all VGP offices as of 1 January 2022.
In addition, we have invested in in-house expertise to be able to effectively drive our sustainability commitments forward from within.
GREEN ENERGY CONTRACTS for our office buildings
BUSINESS TRAVEL more teleconferencing and train trips
COMMUTING transition to electric cars and bikes for short trips
DIGITIZATION to reduce paper consumption and waste
Supporting our clients in reducing their carbon footprint
e-Mobility and connectivity
In addition to our green energy offer, we support our clients in their transition towards a green (forklift-)truck and car fleet by providing electric car and truck charging stations.
New target set for all VGP parks to be equipped with EV charging and public transport access.
Eco-efficiency portfolio enhancements
Partner with clients to achieve CO2 neutral operations at VGP Parks
Start of refurbishment program to improve eco-efficiency of existing building portfolio
Updated our building standard to implement water saving and retention techniques
We have received our first EU Taxonomy compliant building confirmations
It is a priority to us to establish measures which align our portfolio with the European climate objectives. You can find our EU Taxonomy Policy here.
The life cycle assessments of VGP's EU taxonomy compliant projects can be disclosed upon request of the tenant or an investor. On top of that the results of the air-tightness and thermography measurement can be disclosed upon request, too. Please contact us here
On selected brownfield sites in Germany, we have established what it will require to obtain DGNB KlimaPositiv (CO2 neutral) certification
VGP in the community
Close alignment of the objectives of each park with the local municipality is an integral part of the success of our land acquisition strategy and asset and facility management of our standing portfolio.
Through initiatives organized and tailored by local country and VGP park management teams as well as through the VGP Foundation, VGP focuses on the objectives of providing access to education and fundamental care, supporting the growth of local economies, delivering projects that enhance biodiversity and the local environment, and protect the local cultural heritage.
Here you can read more about the Group’s community strategy and various initiatives taken in the community.
Supporting environmental, societal and cultural projects across Europe
In order to maximize our positive societal impact, we set up the VGP Foundation in 2019. We have committed to contribute circa 1-2% of our annual profit to the foundation. It aims to encourage nature conservation, to have a positive impact on local communities through social projects, and to conserve and protect European cultural heritage. The VGP Foundation identified 36 support projects with € 6.6 million funding committed.
One of our most recent projects is the restoration of peatland ‘Chore Bagno’ in Ukraine. Peatland is a unique ecosystem that consists of several meters thick layers of peat. Thanks to the big amount of components of a natural origin, peatlands are significant storage places of CO2 and other gases. Peatlands store 30% of world’s soil carbon which makes them twice more effective than all other vegetation types combined on Earth. Additionally, they play an important role in flood prevention in many areas and they are a natural habitat to many rare and protected species of animals and plants. Have a look at the video of this project here.