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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