Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic stability
• Integrity, fair business conduct, and compliance
• Marketable portfolio development for broad sections of the population including reasonable rents
• Liveable neighbourhoods
• Customer focus and service quality
• Company culture of appreciation, transparency, and participation
• Employee qualification and training
• Work-life balance, family-friendliness, and diversity
• Optimising energy efficiency and emissions
• Sustainable resource management
• Dialogue with tenants, local authorities, and other stakeholders
• Supply chain

Environmental Achievements

• Reduced CO2 emissions through efficient management, emission reduction, and increased energy efficiency of buildings
• 42% of tenants supplied with energy by in-house subsidiary Energie Wohnen Service GmbH (up from 39% in 2018)
• Modernized 159 heating systems, resulting in projected annual savings of 411,074 kWh of primary energy and a 1,224-ton reduction in CO2 emissions from 2020
• Reduced paper consumption through digitalization
• Increased rail travel by employees, saving 96% of CO2 emissions compared to car travel

Social Achievements

• Reduced vacancy rate to 4.5%
• Increased number of disabled-access flats
• Partnered with local nursing services to offer additional services and care
• Supported 23 'Aktiv-Treffs' (Activity Lounges) and four children’s and family centers
• Implemented a tenant app in Chemnitz (pilot project)

Governance Achievements

• Implemented a compliance program
• No breaches of compliance regulations in 2019
• Reviewed more than 95% of supplier contracts for compliance with Business Partner Code

Climate Goals & Targets

Environmental Challenges

• Balancing affordable, climate-friendly housing
• External factors conflicting with sustainability targets
• Limited influence on tenants' individual electricity and water consumption

Mitigation Strategies

• Proportionate portfolio development
• Efficient modernization to balance climate protection and tenant affordability
• Targeted measures to promote responsible resource consumption (motion detectors, energy-saving lamps, water-saving fixtures)
• In-house energy management to optimize energy-saving measures and resource efficiency
• Pilot projects for remote monitoring of heating systems

Supply Chain Management

Supplier Audits: More than 95% of existing supplier contracts reviewed

Responsible Procurement

• Business Partner Code
• Preference for regional suppliers
• Sustainability criteria added to contracts
• Principles and Guidelines for Ecologically and Socially Responsible Procurement

Climate-Related Risks & Opportunities

Opportunities

• Energy efficiency improvements

Reporting Standards

Frameworks Used: GRI Standards (Core option), EPRA Sustainability Best Practice Recommendations Guidelines

Sustainable Products & Innovation

• Smart home solutions

Awards & Recognition

• Braunschweig Chamber of Industry and Commerce Social Transfer Prize

Environmental Metrics

ESG Focus Areas

• Economic stability
• Integrity and ethics, fair business conduct, and compliance
• Marketable portfolio development for broad sections of the population
• Liveable neighbourhoods
• Customer focus and service quality
• Company culture of appreciation, transparency, and participation
• Employee qualification and training
• Work-life balance, family friendliness, and diversity
• Optimising energy efficiency and emissions
• Sustainable resource management
• Dialogue with tenants, local authorities, and other stakeholders
• Sustainability in the value and supply chain

Environmental Achievements

• Completed decarbonisation strategy to reduce CO2 emissions to below 7 kg per sqm by 2045
• Reduced CO2 emissions in the portfolio by 0.4 kg CO2eq per sqm to an average of 31.5 kg CO2eq per sqm in 2020 compared to 2019.
• Converted almost all heating oil systems in the EWS portfolio to lower-emission fuels (target share below 1%) by 2022.
• Installed photovoltaic system in Cologne saving around 22 tonnes of CO2 per year.
• Increased the share of buildings with an energy efficiency class of at least ‘C’ (under 100 kWh) from approximately 61% to approximately 65% by the end of 2025.
• Planted another wildflower meadow in Bernburg to promote biodiversity.

Social Achievements

• Launched Triple E project to optimize operational processes, increasing tenant benefit regarding accessibility, process speed, and transparency.
• Established the TAG Miteinander Stiftung (TAG Together Foundation) in 2020 to pool social commitment.
• Offered tenants instalment payments or deferrals, and assistance in applying for government subsidies during the Covid-19 pandemic.
• Achieved a tenant satisfaction rate of at least 70%.

Governance Achievements

• Implemented a new system for Management Board remuneration that takes ESG targets into account.
• Expanded whistleblowing system.
• Updated several policies and adopted the Whistleblower policy and the TAG Miteinander Foundation policy in 2021.
• No compliance violations in terms of relevant legal requirements and business principles.

Climate Goals & Targets

Environmental Challenges

• Affordable yet climate-friendly housing
• Covid-19 pandemic limiting personal contact
• Assessing the impact of the war in Ukraine on the housing industry
• Rising energy and material prices and supply chain disruptions

Mitigation Strategies

• Developing portfolios with a sense of proportion to ensure affordable housing
• Using digital channels for communication
• Donations, logistical help, and offering flats to accommodate Ukrainian refugees in Germany
• Providing on-site relief, including financial assistance in Poland
• Continuing the path of sustainability

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Business Partner Code of Conduct
• Green & Social Procurement Policy
• Preference for regional suppliers
• Sustainability criteria added to supplier contracts

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (heavy rain, storms, drought, heat)
• Flooding

Transition Risks

• CO2 pricing
• Regulatory changes

Opportunities

• Energy-efficient refurbishments
• Renewable energy technologies
• Smart building technology

Reporting Standards

Frameworks Used: GRI, EPRA

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 5 (Gender Equality)
• SDG 7 (Affordable and Clean Energy)
• SDG 10 (Reduced Inequalities)
• SDG 11 (Sustainable Cities and Communities)
• SDG 13 (Climate Action)
• SDG 17 (Partnerships for the Goals)

TAG's initiatives contribute to these goals through various measures related to diversity, energy efficiency, affordable housing, community engagement, climate action, and partnerships.

Sustainable Products & Innovation

• Smart home solutions
• Tenant electricity model using green electricity from photovoltaic systems

Awards & Recognition

• Leading Employers Germany Award (2022)

Environmental Metrics

ESG Focus Areas

• Economic stability
• Integrity and ethics
• Dialogue with stakeholders
• Developing our portfolio responsibly

Environmental Achievements

• Reduced CO2 emissions in the German portfolio by an unspecified amount.
• Reduced the share of heating oil systems in the EWS portfolio to below 1%.

Social Achievements

• Held the first tenant workshop to better understand tenant needs.
• Opened new ‘Aktiv-Treffs’ (Activity Lounges) for tenant events.
• Undertook efforts to help refugees from Ukraine.
• Employee satisfaction rate of 69% according to Great Place to Work survey.

Governance Achievements

• Implemented a Sustainable Finance Framework and issued EUR 74.5 million in green promissory note loans.
• Published a policy statement on respecting and complying with human rights.
• Revised the Business Partner Code with regard to human rights due diligence.

Climate Goals & Targets

Environmental Challenges

• Balancing climate-friendly housing with affordable rents.
• Rising energy prices, high inflation, and rising interest and construction costs.
• Supply chain disruptions (implied).

Mitigation Strategies

• Developed socially acceptable solutions to offset increased energy costs for tenants.
• Implemented decarbonisation strategy with measures to modernise heating systems, improve building shells, and use non-fossil fuels.
• Implemented sustainable financing.
• Developed a holistic mobility concept to reduce emissions from business operations.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Preference for regional companies and partners with framework contracts.
• Compliance with quality, social, and environmental standards.
• Integration of sustainability criteria into supplier contracts.
• Use of electronic craftsman portal for paperless order and invoice processing.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (heavy rain, storms, drought, heat)

Transition Risks

• Regulatory changes, market shifts (implied)

Opportunities

• Energy-efficient refurbishments and new construction
• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards, TCFD recommendations, EPRA Best Practice Recommendations

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 5
• SDG 7
• SDG 10
• SDG 11
• SDG 13
• SDG 15
• SDG 17

TAG's initiatives contribute to these goals through various measures related to health and safety, gender equality, energy efficiency, reducing inequalities, sustainable cities, climate action, life on land, and partnerships.

Sustainable Products & Innovation

• Smart home solutions
• Energy-efficient building materials
• Renewable energy sources (PV systems)

Awards & Recognition

• Leading Employers Germany Award
• ROBYG won the ‘ESG Innovator 2022’ competition

Environmental Metrics

ESG Focus Areas

• Economic stability
• Integrity and ethics, fair business conduct, and compliance
• Marketable portfolio development for broad sections of the population including reasonable rents
• Liveable neighbourhoods
• Customer focus and service quality
• Company culture of appreciation, transparency, and participation
• Employee qualification and training
• Work-life balance, family-friendliness, and diversity
• Optimising energy efficiency and emissions
• Sustainable resource management
• Dialogue with tenants, local authorities, and other stakeholders
• Sustainability in the value and supply chain

Environmental Achievements

• Reduced CO2 intensity in German portfolio to 29.4 kg/sqm
• Around 60.2% of portfolio in energy efficiency class C or better
• Reduced CO2 emissions by approximately 1,200 tonnes through refurbishment projects in Germany in 2023
• Implemented 15-minute city concept and ROBYG Green Standard in Poland for new-build projects
• Purchased 1.5 GWh of green electricity for offices (around 80% of administrative locations)

Social Achievements

• Expanded projects, particularly in Thuringia, Saxony and Lower Saxony, and launched new neighbourhood initiatives, such as the Senior Citizens’ Lounge in Erfurt
• Won several awards and accolades for community efforts, including the EPRA Outstanding Contribution to Society Award 2023
• Improved customer communications by introducing a call-back service
• Conducted an extensive employee survey and implemented measures based on feedback, focusing on expanding occupational healthcare and strengthening the 'WE culture'
• Introduced TAG Tenant App in Germany, increasing user numbers

Governance Achievements

• Implemented a compliance programme guiding all business activities and corporate culture
• Established a whistleblowing system with internal and external reporting points
• Conducted annual compliance training for employees
• ESG targets integrated into Management Board remuneration (STIP and LTIP)

Climate Goals & Targets

Environmental Challenges

• Affordable yet climate-friendly housing
• High energy prices, ongoing inflation, increased interest rates and construction costs
• Shortage of skilled labor for building refurbishment
• Rising material costs
• Increased willingness of Germans to change jobs

Mitigation Strategies

• Developing portfolio with a sense of proportion, maintaining affordable rents
• Implementing efficient and targeted modernization
• Implementing serial refurbishment to reduce construction time and costs
• Expanding the governance structure for climate-related risks and opportunities
• Analyzing climate-related risks and opportunities and their impact on business activities, strategy, and financial planning based on scenarios
• Implementing sustainable financing
• Expanding the database for EU taxonomy reporting obligations
• Implementing measures to improve employee retention, such as flexible working hours, remote work options, and preventive health measures

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Preference for regional companies and service providers
• Compliance with quality, social, and environmental standards
• Integration of sustainability criteria into supplier contracts
• Business Partner Code

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (heavy rain, storms, drought, heat)

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products and services
• Expansion of renewable energy sources

Reporting Standards

Frameworks Used: GRI, TCFD, EU Taxonomy Regulation, CSRD, ESRS, EPRA

Certifications: BREEAM

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 5
• SDG 7
• SDG 8
• SDG 10
• SDG 11
• SDG 13
• SDG 15
• SDG 17

TAG's initiatives contribute to these goals through various measures related to health and well-being, gender equality, affordable and clean energy, decent work, reduced inequalities, sustainable cities, climate action, life on land, and partnerships.

Sustainable Products & Innovation

• Smart home solutions
• Energy-efficient building materials
• Renewable energy technologies (PV systems, heat pumps)

Awards & Recognition

• EPRA Outstanding Contribution to Society Award 2023
• Braunschweig Chamber of Industry and Commerce’s Social Transfer Award
• Thuringia Volunteer Foundation award

Environmental Metrics

ESG Focus Areas

• Affordable housing
• Energy efficiency
• Decarbonization
• Tenant satisfaction
• Employee well-being
• Community engagement

Environmental Achievements

• Reduced CO2 emission intensity of German portfolio from 30.5 kg CO2e/sqm in 2021 to 29.4 kg CO2e/sqm in 2022.
• Around 1,200 tons of CO2 saved through refurbishment projects in Germany in 2023.
• 62% of residential units in Germany have energy efficiency class C or better.

Social Achievements

• Tenant satisfaction in Germany at 74% in 2023.
• Average tenant length of tenancy at 10.3 years in 2023.
• Launched 'TAG Alltagshelden' project in 2020 to promote social and ecological volunteering by employees.
• Employee satisfaction at 69% in 2022 (Great Place to Work survey).

Governance Achievements

• Management remuneration aligned with ESG targets since 2021.
• ESG targets are (re)defined annually by the Supervisory Board.
• TAG is a member of DAX 50 ESG as of September 23, 2024.

Climate Goals & Targets

Environmental Challenges

• Decarbonizing the existing portfolio.
• Managing climate risks.

Mitigation Strategies

• Total investment program of approx. EUR 690m until 2045 committed to decarbonization.
• Implementing measures such as insulation, improved heating technology, and renewable energy generation.
• Serial refurbishment projects using the Energiesprong principle.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Support for local service and material suppliers
• Standardized and transparent selection process
• Use of sustainable materials

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• German award for Sustainability projects in 2024