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	KPI	Status	Year-on-year change
Establish a science-based climate pathway for our German business by 2023 or earlier	Climate pathway	Climate 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 energy	Percentage 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 spaces	100 % 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 value	31 %, target achieved ahead of schedule	+19.4 percentage points

Social

Targets (Branicks incl. VIB)	KPI	Status	Year-on-year change
Maintain current level of male/female quotas at senior management level below Management Board	Number of employees by gender category (m/f/d) below Management Board level²	53 % women 47 % men	+1 % women -1 % men
Maintain current age structure	Number 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)	KPI	Status	Year-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 employees	Overall proportion of women employees	53 %	+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 Board	16.66 %, target achieved ahead of schedule	+16.66 %

Governance

Target	KPI	Status	Year-on-year change
Continuous increase in FFO	FFO (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 assets	15 %³	-5 % (higher total assets due to VIB acquisition)
Maintain or improve performance in relevant ESG ratings	ESG rating results	Sustainalytics: 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 action	Number of reported compliance violations as well as actions taken	Zero reported compliance violations; Zero actions taken	Zero reported compliance violations; Zero actions taken
	Number of training hours: employees incl. Management Board members	1,996 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

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

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.

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.

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