Entrepreneurship in harmony with the environment? Challenge accepted!

 

 

 

 

 

Our sustainability targets

What we achieved so far

  • Green power generation capacity of 133 MWp (operational & under construction)
  • 34.9% of the total portfolio has now been environmentally certified
  • VGP Foundation identified first 23 support projects with €7 million funding committed
  • Sustainable reporting in accordance with GRI-standards and CDP greenhouse emissions
  • Building portfolio CO2 footprint monitoring & management with GRESB reporting
  • VGP’s goals & commitments in alignment with the SDGs
  • Sustainability program, governance and green finance framework certified by Cicero

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

1. 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

In addition, we have invested in in-house expertise to be able to effectively drive our sustainability commitments forward from within. In 2020, we expanded our sustainable building and renewable energy team by six experts. We also regularly undertake group-wide technical training sessions with our employees.

2. Our building portfolio

Our buildings are the heart and centre of our business, and a key area where we have a positive sustainability impact. Our efforts to promote sustainable and innovative solutions focus on environmental building certification, CO2-reducing technological elements, and sustainable portfolio management.

Green certification

 

  • 100% of new buildings certified with BREEAM Very Good or equivalent as minimum building standard

 

BREEAM (Building Research Establishment Environmental Assessment Method) is the world’s leading sustainability assessment method for masterplanning projects, infrastructure and buildings. It recognises and reflects the value in higher performing assets across the built environment lifecycle, from to in-use and refurbishment. 

DGNB – the abbreviation (in German) for the German Sustainable Building Council: a non-profit organisation founded in 2007, committed to demonstrably good buildings and urban districts that are worth living in. Through the certification of sustainable buildings, building interiors and districts, thus translating the various factors that dictate sustainable planning, construction and building operation into practical application.

CO2-reducing technological elements

We apply a high-quality and certified building standard to create sustainable value for shareholders, tenants and local communities and in order to ensure we use natural resources or energy more efficiently. Typically applied building design and management elements include:

  • Use of highly qualified and certified materials under ISO 14001
  • Sustainable use of materials including recycling of rubble granules
  • Use of precast concrete of highly durable quality
  • LED lighting in- and outside
  • Installation of solar panels, where feasible
  • Green roofs and façades, upon client request 
  • Energy-efficient cooling installations where required
  • Low-noise installations due to environmental factors
  • Water-saving sanitary facilities
  • Effective waste management to promote recycling
  • Sustainable (rain)water management and landscaping of the site
  • Refrigeration/freezing installation with leak detection systems and automatic in-block valves, if applicable
  • Energy-efficient doors and airlocks for loading and unloading docks
  • Electric car and truck charging facilities adapted to client needs
  • Logistic traffic routes through the park and inside the buildings designed for optimal transport and handling of freight traffic
  • Central energy monitor-, control-, regulation- and optimalisation system, tailored to client needs
  • Waste management and recycling

Video: VGP Park Munich - Sustainable building

Sustainable portfolio management

 

  • Sustainable use of buildings given > 95% occupancy rate
  • Increasing number of construction projects on brownfield land to repurpose industrial wasteland
  • Integration of green areas to promote biodiversity

 

 

VGP building portfolio environmental disclosure

In order to allow our stakeholders to make their own assessment of our efforts we report annually against independent market and sector ESG frameworks which assess our disclosure and performance, including GRI, CDP, Sustainalytics and GRESB (real estate sector).

3. Supporting our clients in reducing their carbon footprint

Green electricity by VGP Renewable Energy

Our separate business unit “VGP Renewable Energy” offers a broad array of renewable energy solutions, including solar, wind and thermal, as well as integrators for storage and distribution. We offer green energy through PV-roof or PV-ground mounted systems and provide for battery installation and management. Furthermore, we help our tenants identify green energy usage optimization through energy control in industrial and production processes to maximize PV/Wind consumption potential. In April 2021, the EBRD has committed to supporting VGP Renewable Energy in exploring opportunities arising from the future deployment of renewable and low-carbon hydrogen technologies.

e-Mobility

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. Together with EBRD, VGP Renewable Energy is exploring opportunities arising from the future deployment of e-mobility technologies.

 

 

 

 

 

CO2 neutral building enhancements

Partner with clients to achieve CO2 neutral operations at VGP Parks

  • On our brownfield sites in Giessen and Wiesloch, Germany, we are now also planning our first large built-to-suit projects earmarked to receive the DGNB KlimaPositiv (CO2 neutral) certification

 

 

 

 

 

VGP Foundation

Supporting societal and environmental 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.

 

More about the VGP Foundation

Our green financing framework

The VGP Green Finance Framework provides a clear and transparent set of criteria which facilitates investments in renewable energy, energy efficiency and environmentally friendly projects which are part of VGP’s asset portfolio. The framework thereby makes an important contribution to reducing carbon emissions and facilitating the transition to a low carbon environment. Our Green Financing Framework was independently reviewed and classified as “Medium Green” with a “Good” Governance framework, in-line with the Green Bond and Green Loan principles by CICERO Shades of Green AS.

The framework enabled VGP to successfully issue its first public benchmark green bond for an aggregate nominal amount of €600 million in March 2021.

 

Our sustainability reporting

 

VGP wants to be a responsible corporate citizen that engages in close exchange with its stakeholders. To this end, VGP has published a standalone CR report since 2019.

The report outlines key targets and achievements and describes how VGP addresses corporate sustainability and implements its sustainability strategy as well as current policies and guidelines. It is prepared in accordance with the Global Reporting Initiative (GRI) Standards – Core Option and has not been externally audited. Apart from the GRI, VGP’s CR Report makes strong reference to the United Nations’ Agenda 2030. The goals identified are in line with the UN Global Compact guidance.

 

VGP Corporate Responsibility Report 2020 View video