Annex 5: GRI content index
Statement of use | Vesteda has reported in accordance with the GRI Standards for the period 1 January 2023 and 31 December 2023 | |
GRI 1 used | GRI 1: Foundation 2021 | |
Applicable GRI Sector Standard(s) | Not applicable | |
GRI standard/other source | Disclosure | Location |
General disclosures | ||
GRI 2: General Disclosures 2021 | 2-1 Organizational details | Vesteda at a glance, p.6; Corporate information, p.86 |
2-2 Entities included in the organization’s sustainability reporting | About this report, p.75; Basis of consolidation, p.87 | |
2-3 Reporting period, frequency and contact point | About this report, p.75; Colophon, p.177; Publication date will be 4 April 2024 | |
2-4 Restatements of information | About this report, p.75; There are non significant restatements regarding non-financial information | |
2-5 External assurance | Assurance report of the independent auditor, p.78; Independent auditor’s report, p.129; Independent auditor’s report, p.148 | |
2-6 Activities, value chain and other business relationships | Vesteda at a glance, p.6; Strategy, p.10; Economic value, p.16; Portfolio, p.16; Sustainable supply chain, p.32. No significant changes compared to previous year | |
2-7 Employees | Organisation, p.48; Vesteda does not have non-guaranteed hours employees. | |
2-8 Workers who are not employees | Organisation, p.48 | |
2-9 Governance structure and composition | Governance, p.37; Annex 4, p.156 | |
2-10 Nomination and selection of the highest governance body | Governance, p.37; Details are formalised in the Terms & Conditions of the fund, which is not disclosed externally due to confidentiality contraints | |
2-11 Chair of the highest governance body | Annex 2: Legal structure, p.153; Annex 4, p.156 | |
2-12 Role of the highest governance body in overseeing the management of impacts | Report of the Supervisory Committee, p.58; Dialogue with stakeholders, p.76 | |
2-13 Delegation of responsibility for managing impacts | Risk management, p.66; Report of the Supervisory Committee, p.58 | |
2-14 Role of the highest governance body in sustainability reporting | Report of the Supervisory Committee, p.58 | |
2-15 Conflicts of interest | Governance, p.37; No material conflicts of interest occured. Mitigation not needed due to prevention measures in place | |
2-16 Communication of critical concerns | Vesteda’s view on compliance and integrity, p.44; Dialogue with stakeholders, p.76 | |
2-17 Collective knowledge of the highest governance body | Supervisory Committee activities in 2023 (including separate committees), p.61: permanent education sessions. | |
2-18 Evaluation of the performance of the highest governance body | Report of the Supervisory Committee, p.58; Self-assessments are done periodically. We do not disclose the outcomes externally due to confidentiality constraints | |
2-19 Remuneration policies | Remuneration report, p.55; Note 29 to the consolidated financial statements, p.115. Note that Vesteda adheres to the Alternative Investment Fund Managers Directive (AIFMD) and the Dutch Financial Supervision Act. Details are not disclosed due to confidentiality constraints | |
2-20 Process to determine remuneration | Remuneration report, p.55; Report of the Supervisory Committee, p.58; Dialogue with stakeholders, p.76; Korn Ferry is used to perform remuneration benchmarks. If any changes, the remuneration is discussed and approved during participants' meetings. The outcome is not disclosed externally | |
2-21 Annual total compensation ratio | Remuneration report, p.55 | |
2-22 Statement on sustainable development strategy | Message from the Management Board, p.4 | |
2-23 Policy commitments | Societal value, p.31; Sustainable supply chain, p.32; Compliance and integrity, p.43; Risk management, p.66; Anti-discrimination statement (www.vesteda.com/en/anti-discrimination-statement). Please note that Vesteda is only active in the Netherlands | |
2-24 Embedding policy commitments | Strategy, p.10; Sustainable supply chain, p.32; Compliance and integrity, p.43; Risk management, p.66 | |
2-25 Processes to remediate negative impacts | Compliance and integrity, p.43; Risk management, p.66; Integrity report (www.vesteda.com/en/integrity-report). SpeakUp is designed externally and managed and reviewed by the Compliance Officer | |
2-26 Mechanisms for seeking advice and raising concerns | Compliance and integrity, p.43; Integrity report (www.vesteda.com/en/integrity-report) | |
2-27 Compliance with laws and regulations | Compliance and integrity, p.43. No fines incurred | |
2-28 Membership associations | Dialogue with stakeholders, p.76 | |
2-29 Approach to stakeholder engagement | About this report, p.75 | |
2-30 Collective bargaining agreements | Organisation, p.48 | |
GRI standard/other source | Disclosure | Location |
Material topics | ||
GRI 3: Material Topics 2021 | 3-1 Process to determine material topics | About this report, p.75 |
3-2 List of material topics | About this report, p.75 | |
Stable financial performance | ||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategy, p.10; Notes to the results, p.27; Societal value, p.31; Governance, p.37; Management agenda for 2024, p.53; Report of the Supervisory Committee, p.58; Dialogue with stakeholders, p.76. No negative impact for the material topic identified |
GRI 201: Economic Performance 2016 | 201-1 Direct economic value generated and distributed | Consolidated statement of profit or loss and other comprehensive income, p.82 |
Business integrity and compliance | ||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | Sustainable supply chain, p.32; Compliance and integrity: The role of compliance in the organisation, p.43; Compliance and integrity: Focal points in scope of compliance function, p.43; Management agenda for 2024: Governance, p.54; Risk: Irregularities in the letting process, p.72; About this report, p.75; Dialogue with stakeholders, p.76 |
GRI 205: Anti-corruption 2016 | 205-2 Communication and training about anti-corruption policies and procedures | Sustainable supply chain, p.32; Compliance and integrity: Vesteda's view on compliance and integrity, p.44; This is part of the annual confirmation by all employees, including Management Team, to adher to the code of conduct |
205-3 Confirmed incidents of corruption and actions taken | Compliance and integrity: Vesteda's view on compliance and integrity, p.44. We do not disclose more details externally due to confidentiality constraints | |
Sustainable business operations | ||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategy, p.10; Measuring and managing resource consumption, p.33; CO2 footprint of our organisation, p.34; Management agenda for 2024: Environmental, p.54; Dialogue with stakeholders, p.76 |
GRI 305: Emissions 2016 | 305-1 Direct (Scope 1) GHG emissions | Measuring and managing resource consumption, p.33; CO2 footprint of our organisation, p.34 |
305-2 Energy indirect (Scope 2) GHG emissions | Measuring and managing resource consumption, p.33; CO2 footprint of our organisation, p.34 | |
305-3 Other indirect (Scope 3) GHG emissions | Measuring and managing resource consumption, p.33; CO2 footprint of our organisation, p.34 | |
305-4 GHG emissions intensity | Measuring and managing resource consumption, p.33; CO2 footprint of our organisation, p.34 | |
305-5 Reduction of GHG emissions | Measuring and managing resource consumption, p.33; CO2 footprint of our organisation, p.34 | |
Own indicator | Circularity in business operations | Circularity within our organisation, p.35 |
Healthy and safe complexes | ||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategy, p.10; Healthy and safe homes, p.31; Dialogue with stakeholders, p.76 |
GRI 416: Customer health and safety 2016 | 416-1 Assessment of the health and safety impacts of product and service categories | Healthy and safe homes, p.31 |
GRI standard/other source | Disclosure | Location |
Tenant satisfaction | ||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategy, p.10; Tenant satisfaction, p.35; Management agenda for 2024: Social, p.54; Risk: Negative tenant experiences, p.72; Dialogue with stakeholders, p.76 |
Own indicator | Tenant satisfaction | Tenant satisfaction, p.35 |
Sustainable portfolio | ||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategy, p.10; Environmental, p.31, Management agenda for 2024: Environmental, p.54; Dialogue with stakeholders, p.76 |
GRI CRE8: Products and Service Labelling | Type and number of sustainability certification, rating and labeling schemes for new construction, management, occupation and redevelopment | Environmental, p.31, Management agenda for 2024: Environmental, p.54 |
Own indicator | Description of sustainability investments and amounts invested | Environmental, p.31 |
Affordable housing | ||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategy, p.10; Segmentation, p.17; Affordability, p.36; Outlook and management agenda, p.52; Dialogue with stakeholders, p.76 |
Own indicator | Percentage of portfolio in mid-rental segment | Segmentation, p.17, Acquisitions and property sales, p.17 |
Own indicator | Percentage of acquisitions in mid-rental segment | Segmentation, p.17 |
Employee engagement | ||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | Strategy, p.10; Organisation, p.48; Management agenda for 2024: Organisation, p.54; Risk: Insufficient experience and capabilities within the organisation, p.72; Dialogue with stakeholders, p.76 |
Own indicator | Employee turnover rate | Workforce, p.48 |
Own indicator | High Performance Organisation score | Workforce, p.48 |