VanWonen improves ESG Risk Rating in 2024

News item, Healthiest Generations

For the second consecutive year, area developer VanWonen has received an ESG Risk Rating from independent research firm Morningstar Sustainalytics. With a score of 19.6, VanWonen falls into the “Low Risk” category, according to the researchers. An improvement compared to last year. The external assessment across all ESG dimensions reflects the area developer’s strong commitment to social and environmental responsibility, both in its projects and day-to-day operations.

As an area developer, VanWonen plays a large role in shaping the built environment. The built environment is a significant contributor to energy use, CO2 emissions, and raw material depletion. VanWonen is well aware of the positive impact that can be made in this respect. The ESG goals are evaluated and adjusted annually. This is how VanWonen makes a lasting contribution to sustainable living and working environments for present and future generations.

Independent assessment helps reputation
Alfred Bolks, CEO of VanWonen: “We are aware that the reputation of our industry is under pressure in society. That is why we have asked independent researchers to assess our performance on all aspects of sustainable business practices. This allows us to demonstrate to all of our stakeholders how we explicitly take into account the impact of our operations on the environment, people and society, in addition to financial returns and risk. Our improved ESG rating shows that VanWonen is on a journey to becoming increasingly sustainable in its day-to-day operations.”

The 2024 assessment by Sustainalytics shows an improved score in the area of managing ESG risks. Marcel de Ruiter, ESG Manager at VanWonen, is proud: Over the past year, we have worked hard with all colleagues on the areas for improvement that emerged from the first assessment. It’s great to see that our efforts are paying off. Moreover, the assessment process with Sustainalytics is also helping us to prepare for upcoming legislation such as CSRD and EU taxonomy.”

First area developer with ESG Risk Rating in 2023
In 2023, VanWonen was the first area developer in the Netherlands to receive an ESG Risk Rating. ESG stands for Environment, Social, and Governance. 

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