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The real estate company of the city of Darmstadt is aiming for a climate-neutral building stock by 2035. The Management Board and the Supervisory Board have adopted a strategy paper to achieve this.
Bauverein AG is also putting pressure on the goal set by the city parliament eight months ago to reduce urban net carbon dioxide emissions to zero by 2035. The board of directors and the supervisory board of the municipal real estate company had already dealt intensively with the topic of climate protection at a strategy conference and “identified four key points for achieving the climate protection goals”, as the two board members Sybille Wegerich and Armin Niedenthal as well as supervisory board chairman Roland Desch now talking to FR reported.
According to Niedenthal, there are “no guidelines and certainly no magic formula” for the multi-billion dollar project. However, the Management Board and the Supervisory Board agree that after the Corona crisis has been overcome, “more investments in a more environmentally friendly economy are necessary” in order to achieve the climate protection goals.
According to Wegerich and Niedenthal, the company has not only devoted itself to climate protection and sustainability since the demonstrations of the “Fridays for Future” movement. For example, about two years ago the company hired an energy consultant who had previously been the managing director of the Passive House Institute.
And in a pilot project, for example, when modernizing an apartment building in the Johannesviertel, the building was insulated with hemp panels in order to focus on the use of sustainable building materials.
Form the board of directors of Bauverein AG: Armin Niedenthal and Sybille Wegerich.
© Bauverein AG / Klaus Mai
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Even if Germany is only responsible for around two percent of global CO2 emissions, the Bauverein as a municipal company must “set a good example,” said Desch. For Wegerich, the maxim is therefore: “If you want to save the globe, you have to start in Darmstadt.”
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In the coming years, the existing housing stock of the Bauverein should therefore be renovated and converted so that the climate goals of the Paris Agreement of 2015 can be achieved. Like many other municipal housing companies, the Bauverein is faced with the enormous challenge that the majority of the building stock consists of properties that were built in the post-war period and the 1960s.
In order to achieve a “climate-neutral building stock”, the building association alone would have to raise around 1.5 billion euros in additional investments – in addition to the necessary funds for maintaining the existing building and for new buildings. In theory, says Wegerich, this would mean a rent increase of EUR 4.50 per square meter for tenants. However, because an increase in modernization in this dimension is “not affordable”, “significant political support is necessary,” says Wegerich. “The supervisory board also sees the state and federal government as being obliged to do this,” says Desch.
In order to achieve the climate goals, the building association wants to enter into strategic cooperations and alliances. In addition, the company wants to double the renovation rate for the entire building stock from one to two percent per year and use digitization options more intensively than before to “fundamentally and sustainably optimize the generation and consumption of heat in the buildings in an energy-efficient manner”.
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