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Our sustainability goals

We manage our business proactive­ly in line with sustainability aspects by our experienced management. In our strategy, which we are conti­nuously developing, we set our­selves short- and medium-term goals.

Targets and KPIs

  • Environment

    Target KPIStatus Year-on-year change
    Establish a science-based climate pathway for our German business by 2023 or earlierClimate pathwayClimate pathway at portfolio level being implemented¹ Specific ESG action plan created for all properties
    Reduce greenhouse gas emissions per square metre in the Commercial Portfolio by 2030 by at least 40 % compared to the 2018 base year.Δ t CO₂e/sqm Commercial Portfolio in %-26 %-4 %
    Further expand the supply/purchase of renewable energyPercentage of renewable energy in the communal-area electricity supply for the Company’s office premises owned by DIC Asset AG itself, and for the tenant electricity in the Company’s rented office spaces100 % renewable energy for the Company’s office premises owned by DIC Asset AG itself;

    83 % for the tenant electricity in the Company’s rented office spaces.
    ±0 % renewable energy for the Company’s office premises owned by DIC Asset AG itself;

    +10 % for the tenant electricity in the Company’s office spaces
    Number of buildings supplied with district heating or green gas (Commercial Portfolio)147 of 195 properties (percentage of rental space in sqm: 70.6 %) 44 of 94 properties (percentage of rental space in sqm: 45.4 %)
    Number of buildings supplied with green electricity (Commercial Portfolio)66 of 103 multi tenant properties (64 %)57 of 71 multi tenant properties (80 %)
    Increase the share of Green Buildings in the Commercial Portfolio to at least 20 % by the end of 2023 (Commercial Portfolio)Market value of Green Buildings and its ratio to the Commercial Portfolio market value31 %, target achieved ahead of schedule+19.4 percentage points
  • Social

    Targets (Branicks incl. VIB)KPIStatusYear-on-year change
    Maintain current level of male/female quotas at senior management level below Management BoardNumber of employees by gender category (m/f/d) below Management Board level² 53 % women 47 % men +1 % women -1 % men
    Maintain current age structureNumber of employees by age category 13 % ≤ 30 years

    62 % 31-50 years

    25 % ≥51 years
    -2 % ≤ 30 years

    -2.7 % 31-50 years

    +2.3 % ≥51 years
    Targets (Branicks exkl. VIB)KPIStatusYear-on-year change
    Increase the proportion of women at executive level 1 (extended executive level including regional managers) by 30 June 2027 to 28.125 % (9/32)Overall proportion of women at executive level² (extended executive level including regional managers)31 %, target achieved ahead of schedule+5 %
    Maintain or increase current proportion of women at executive level Overall proportion of women at executive level (including branch managers)31 %+5 %
    Maintain or increase current proportion of women employeesOverall proportion of women employees53 %+1 %
    Increase the proportion of women on the Management Board by 30 June 2027 to 25 % (1/4)Overall proportion of women on the Management Board 25 %, target achieved ahead of schedule+/-0 %
    Increase the proportion of women on the Supervisory Board by 30 June 2027 to 16.66 % (1/6)Overall proportion of women on the Supervisory Board16.66 %, target achieved ahead of schedule+16.66 %
  • Governance

    Target KPIStatus Year-on-year change
    Continuous increase in FFOFFO (after minority interests) compared to previous year EUR 114.2 million+7 %
    Increasing the share of green financial instruments to around 40-50 % by 2027 Overall share of green instruments on the financing side as a proportion of total assets15 %³-5 % (higher total assets due to VIB acquisition)
    Maintain or improve performance in relevant ESG ratings ESG rating resultsSustainalytics: Improvement to 6.9 S&P

    CSA: Improvement to 38

    Carbon Disclosure Project (CDP – Climate Change): C MSCI –

    ESG Research: Improvement to AA ISS ESG: D+
    Sustainalytics: 9.2 S&P

    CSA: 26

    Carbon Disclosure Project (CDP – Climate Change): C MSCI –

    ESG Research: A ISS ESG: D+
    Continue to prevent misconduct by taking appropriate preventive actionNumber of reported compliance violations as well as actions taken Zero reported compliance violations; Zero actions takenZero reported compliance violations; Zero actions taken
    Number of training hours: employees incl. Management Board members1,996 hours+126 %

¹ Climate pathway for VIB properties to be implemented by mid-2024.
² At present, Branicks Group AG is unable to provide information on the “diverse” gender identity.
³ Absolute share increased from EUR 680 million to EUR 772 million.

Green Building certifications according to DGNB, BREEAM und LEED

43.6
 
%
of the Commercial Portfolio by market value are Green Buildings

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ESG Ratings

Branicks counts among the sustain­ability leaders in the international real es­tate industry.

  • Sustainalytics: Awarded Industry Top Rated, Regional Top Rated and Global 50 Top Rated (in the period from 1 January until 31 December 2024)
  • EPRA sBPR: Gold award for ESG-Reporting 2022
  • Sustainalytics: improved from 9.2 to 6.8 (25 April 2023)
  • Carbon Disclosure Project (CDP – Climate Change): improved from C to B (31 December 2023)
  • MSCI – ESG Research: improved from A to AA (Januar 2023)
  • ISS ESG: constant at D (31 December 2022)
  • S&P CSA-Rating: improved from  38 to 51 (March 2024)
  • EPRA sBPR: Gold award for ESG-Reporting 2021
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    Our engagement

    24 November 2022 – Painting project at Praunheimer Werkstätten, Frankfurt
    20 employees from different departments and locations painted the walls of the work and living rooms at the Praunheimer Werkstätten facilities.

    22 April 2022 – Ukraine aid
    The team of Branicks volunteers comple­tely furnished two empty flats for two refugee families from Ukraine, so that they could move into their new homes shortly afterwards.

    9 November 2021 – Ahrtal aid
    Our employees supported people in need following the flood disaster and helped to gut a former hotel that had been badly affected by the floods.

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    Taking New Approaches

    ESG-Linked Promissory Note

    With the issuance of an ESG-linked pro­missory note, we are once again engaging in a pioneering effort within our industry.

    By linking the interest rates to reliably measurable sustainability metrics, we define concrete guidelines for our invest­ment and refurbishment activities. Our objective is to raise our green building ratio in our own portfolio (Commercial Portfolio) to at least 20% by the end of 2023.

    Clearing this mark will bring down the interest rate for subsequent interest rate periods by 5 basis points.

    A positive contribution to climate change mitigation will simultaneously lower our finance expense – clearly a win-win arrangement.

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    Interest rate effects of the green building ratio

    • Issuance volume of EUR 250 million
    • Annual average interest rate of 1.78%
    • Average maturity 4.2 years
    • Review of the ratio in the years 2023, 2026 and 2029
    • If the green building ratio rises above 20%, the interest rate for the subse­quent interest rate period will decline by 5 basis points

    Branicks and its employees are sustainably involved in various industry associations and organizations, including:

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    The latest information

    News and notes

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    Branicks Group confirms outlook for 2024 after good start to the year

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    Branicks Group AG: Operationally successful in a challenging 2023 financial year

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    Branicks Group expands business model to include renewables asset class and cooperates with Encavis Asset Management AG

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    Branicks Group AG: Dr. Angela Geerling elected as new Chairwoman of the Supervisory Board

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    Branicks Group AG: Clear strategy for sustainable stability of the company

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    Branicks Group AG sells retail property in Regensburg