PropertyEU: Commercial real estate news | research | rankings | Europe
IVG issues first sustainability report
Date: 1 June 2011
Listed German real estate giant IVG Immobilien has issued its first sustainability report as part of its drive to foster greater transparency.

The report gives a detailed presentation of the company's sustainability outlook based on its 'IVG 4/6' model, which incorporates the four dimensions and six addressees of corporate sustainability in reporting. Building on this, a sustainability strategy is now being gradually intensified and implemented at IVG.

'By reporting detailed consumption data for a majority of the IVG real estate portfolio, IVG is taking a pioneering role in sustainability reporting within the real estate sector,' said Wolfgang Schäfers, member of the Board of Management of IVG.

In 2010, IVG launched the first German real estate fund for sustainable office properties. In addition, the company has a range of properties in its portfolio and project developments with corresponding sustainability certifications in Germany and abroad. In early 2011, IVG created a central corporate sustainability and research department. The company plans to report annually on its goals, measures, activities and progress in the field of corporate sustainability.

IVG manages assets worth EUR 22 bn and is located in 19 major German and European cities.
PropertyDay 2 June 2011
FdM, Credit Agricole close EUR 170m Campanile hotel deal
ECE starts contruction of EUR 360m Skyline Plaza project
ING REIM acquires Swedish mall for EUR 45m
Performance will polarise across Europe's markets: JP Morgan
GPR European index returns 3.4% in May
Habas finances UBS' Wankdort Center buy
Deutsche Hypo finances Frankfurt Motel One project
European debt market continues to tighten in Q1: CBRE
Neinver, MAB to open Roppenheim outlet in spring 2012
Rental income buoys German market: King Sturge
IVG issues first sustainability report
Archive of newsletters