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.