ESG presentation - TAG Immobilien AG
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ESG presentation
Content 22
TAG ESG Presentation 3
ESG strategy and core axes
4
ESG commitments
5
Affordable and liveable housing
6
Corporate ESG management structure
Developing our portfolio responsibility 7
Our responsibility to society 8
Our employees shape our future 9
ESG ratings
10
Response to Covid-19 pandemix
11
TAG Immobilien AG | September 2021| 2
TAG ESG strategy and core axes 33
Sustainability is an essential part of TAG’s corporate vision
Improving energy efficiency and reducing emissions
Sustainability principles and guidelines at TAG
Environment Best possible cost-benefit ratio Business Anti- Anti-
principles discrimination corruption
Sustainable action as basis Promoting diversity and Avoidance and prevention of
of company strategy preventing discrimination corruption
Responsible treatment of resource management
Affordable and needs orientated housing
Social Neighbourhood management
Customer focus and service quality Environment Socially Social
protection responsible engagement
Measures to protect our Further development of
environment and climate
procurement liveable communities
Sustainable purchasing
Excellent board expertise
Transparent compensation scheme in line with the
Governance interests of shareholders
Responsibility and trust for our employees
TAG Immobilien AG | September 2021| 3
TAG ESG commitments 44
TAG continues to implement sustainable development goals
TAG’s sustainability goals TAG’s commitment to the implementation of UNSDG
Our economic goal At TAG, we make it part of
Secure future viability by maintaining and expanding the value of our the corporate responsibility
properties
to make persistent
contribution to the
Our social goal implementation of UNSDGs
Further increase the satisfaction of our tenants and employees by
strengthening the loyalty of both groups TAG’s key focus of action
• Work-life balance
• Optimising energy efficiency
Our ecological goal • Family-friendliness
and emissions
Reduce consumption and optimise the use of resources, increase energy • Diversity
efficiency and reduce CO 2 emissions
• Liveable neighbourhoods • Marketable portfolio
development for broad
• Customer focus sections of the population
• Service quality • Reasonable rent
Detailed breakdown of goals and sub-goals
• Liveable neighbourhoods
including timeline and status of implementation in • Optimising energy efficiency
• Dialogue with tenants,
published as part of Sustainability Report 2020 • Sustainable resource municipalities and other
management stakeholders
TAG Immobilien AG | September 2021| 4
TAG Affordable and liveable housing 55
A social purpose as a base of TAG’s business model
A business answering social needs TAG’s business is tackling social issues for affordable, liveable housing
• Provide affordable housing • Core business of affordable housing
• Make affordable housing • Implementation of 100% -owned subsidiaries for:
more liveable - Optimizing energy costs for tenants Core business of affordable housing
• Improve community - Improving affordable housing quality through faster €315m €323m
development and integration and better services • As a specialist in affordable housing, TAG has established a 33
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portfolio w ith nearly 90,000 residential units in Germany
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€275m
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• TAG aims to ex pand housing supply with affordable net
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rents that does not ex ceed €6 per sqm 23
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Better life,
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TAG’s
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EUR 5.48/sqm EUR 5.39/sqm
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better
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purpose
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Net actual rent 2020 Net actual rent 2019 2016 2017 2018 2019 2020
neighbourhood in action Total rental income
Optimizing energy costs for tenants
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€25m
€21m €22m
(100%-owned subsidiary) 20
,0
€13m
Sustainable Energie Wohnen Serv ice GmbH is TAG’s heating service 10
,0
€5m €6m
branch to tenants. By the end of 2021, Energie Wohnen €2m €3m
business model Serv ice aims to equip c.250 heating centers with remote 0,00
€1m €1m
monitoring technology to optimize operational control 2016 2017 2018 2019 2020
Contribution to revenues FFO impact
TAG has found a business model that contributes not only to
profit generation, but more importantly, to a more sustainable
and liveable society
-
TAG Immobilien AG | September 2021| 5
TAG Corporate ESG management structure 66
Integration of ESG issues in corporate decision-making processes
ESG corporate structure Smooth channels for implementation and communication
Decision making and tactical
Yearly ESG meeting to rev iew the ESG
Approv al of main pillar strategies and
performance of the company
conv ey ing them to the Superv isory Board
Make tactical adjustments if needed
monitoring / adjustments
plan developing
Feedback and tactical
Understand the ESG trends and undertake
Track and rev iew the KPIs reported from
necessary actions
Martin Thiel Claudia Hoyer Dr. Harboe Vaagt each department
Set up sub-goals, measurements and
CFO COO CLO Keep activ e communication w ith upper and
practical plans to ensure successful
low er parties
ex ecution
Monitor and record KPIs
Implement the ESG strategies and Report the results and difficulties met during
measurements along daily operations the implementation
Raise suggestions w hen necessary
Strategic Real Estate Sustainability committee
Management (consisting of TAG employees)
• Contact centre for all of TAG’s • Collect and develop sustainability ideas Management remuneration aligned with sustainability (ESG) targets
operating divisions regarding • Initiate and coordinates pilot projects
sustainability topics After approval in TAG’s AGM on 11 June 2021, the composition of management’s variable
• Group-wide initiative “Together for a
• Raise the awareness for corporate remuneration is expanded to sustainability (ESG) targets
colorful TAG” launched in 2020 to
responsibility encourage employees and
• Bring sustainability criteria into This should further cement management’s alignment towards TAG’s sustainable
stakeholders’ participation in
individual tasks and departments development and the creation of sustainable enterprise value along the value chain
sustainability issues
ESG targets will be (re)defined annually by the Supervisory Board. For 2021, STIP*
targets are defined on the basis of the risk assessment developed by “Sustainalytics”, with
Ongoing exchange with stakeholders max EUR 25,000 per board member depending upon the rating achieved
Local The Supervisory Board also has the option to supplement the LTIP* remuneration with
Our tenants Our suppliers
neighbourhood longer-term non-financial and ESG targets, in the future (up to 20% of total LTIP
initiatives remuneration)
Our employees Shareholders, banks Local politics and
and other investors associations
* STIP=Short Term Incentive Plan, LTIP=Long Term Incentive Plan
TAG Immobilien AG | September 2021| 6
6
TAG Developing our portfolio responsibly 77
TAG is committed to decarbonizing its existing portfolio; investments of more than EUR 1bn in highly energy efficient buildings in Poland
Sustainable residential housing Case study: Buforowa 89 – development project in Wroclaw
1 2 3 Project Buforow a 89
Maintenance and Supply chain and Climate and Location Wroclaw , Poland
modernisation as materials environment Usage Residential
needed Support for local Decarbonization and
Size 400 flats
Introduction of green service and material emission control
tech for a future-proof suppliers Environmental >> In designing the details of
portfolio Standardised and compliance for all the buildings, we consider
Active portfolio transparent selection external contracts
process Contribution to ecological criteria that
investment strategy
towards long-term Use of sustainable resource conservation contribute to environmental
competitiveness materials and biodiversity and climate protection
TAG Our responsibility to society 88
TAG contributes to a more sustainable society through affordable and liveable housing
Key areas of tenant support Case study: digitalisation in the city of Gera
1 2
Tenant satisfaction Liveable and progressive
neighbourhoods
• On-site serv ices to satisfy tenant needs • Ensuring a friendly env ironment as a basis of
• Focus on the core business of prov iding tenants sustaining div erse spirit of community
BeHome platform
w ith affordable housing • Promotion of social projects that strengthen New project “BeHome” launched in
• Support to tenants in the ev ent of rent arrears solidarity Sept-2020 that connects assistance
• Open communication and information channels • Holistic neighbourhood dev elopment through and emergency call systems with a
v arious events and activities v ariety of local services and also
prov ides communication options to
tenants
Community initiatives
The Polish developer acquired by TAG has
TAG offers Activity Lounges at 21 locations
made social contributions by supporting EMMA – the electric shuttle bus
to let people come together local hospitals and donating money and
medical equipment EMMA is a self-driv ing pilot project that w e started in
2019 w ith local Fischer Academy . The EMMA project is
funded by Thuringian Ministry for the Env ironment,
Contribute to people living in good conditions and enjoying
Energy and Nature Conserv ation
togetherness and living as neighbours
Families in need Neighbours
Kids and youngsters Senior caring
TAG Immobilien AG | September 2021| 8
TAG Our employees shape our future 99
TAG is committed to offering a fair, supportive, empowering working environment to its employees
Key areas of employee empowerment TAG commitment to its employees
1 2 3
Inaugural TAG Award in 2020
We live our values Ready for the Responsibility and
future with a trust for our The inaugural TAG Aw ard presented to
• Flat hierarchies and short
honour the commitment of our employ ees
decision-making channels qualified team employees
• Enhancement of team spirit
among all employ ees • Employ ee training and • Preserv ation of equality
• Improv ement of social dev elopment • Guarantee of occupational
intranet and digitalization • Efficient personnel health and safety
• Inv olv ement of employ ee sourcing • Encouraging results- TAG Everyday Heroes
representativ es • Fair salaries and incentiv es oriented managing and (TAG Alltagshelden)
w orking
The Project w as launched in 2020 to
promote social and ecological v olunteering
by our employ ees
Diversity of employees
>> We like the idea that we have an impact within
Gender diversity and equal women representation at the heart of the Company as well as those that create added
TAG’s business principles and operations
value for society
TAG ESG ratings 10
10
TAG ranks among the top ratings in the real estate sector
ESG Rating and Award improvements TAG’s ESG disclosure improvement
In 2020, we have placed particular
emphasis on improving our ESG
performance and reporting in order to
better meet the expectations of
Sustainalytics and MSCI
Now Sustainalytics ranks TAG’s ESG
performance among the TOP 3% of all
real estate companies in Aug-2021
As a commitment to improving ESG
disclosure, we engaged actively in
further rating processes in 2021 with
Vigeo Eiris, ISS and for the first time with
CDP in order to better reflect TAG’s ESG
performance on a broader scale
ESG indices
TAG Immobilien AG | September 2021| 10TAG Response to Covid-19 pandemic 11
11
Active measures taken by TAG to strengthen communication with employees and support to
Key initiatives by TAG
Employee communication Employee protection
Transparent and supportive communication Options for flexible working
In the reporting year, Vantage, TAG’s Polish
Group-wise employee survey Adaption of internal occupational development branch, supported three hospitals in
Setting up emergency plan for health and safety regulations Wroclaw during the Covid-19 pandemic 2020 as
all employees Attendance events were part of its corporate social engagement
switched to conference
call and video
conferencing Instalment payments and deferment agreements
provided to tenants in difficulties
Reopening of “Aktiv-Treff” (Activity Lounges) asap
and current support online
Community
engagement Tenants protection
A group-wide survey was launched to obtain
Alternative neighbourhood Continuous services
feedback from all employees
supports during COVID
Unbureaucratic assistance to Financial supporting plan to
people in need tenants “TAG Covid-19 Emergency Plan” as guideline to
Through active management, TAG corona-related affairs
hardly recorded any rent losses
TAG Immobilien AG | September 2021| 11TAG contacts 12
12
Verena Schulz Katharina Schmidt TAG Immobilien AG
Strategic Real Estate Management Investor & Public Relations Manager Steckelhörn 5
20457 Hamburg
Tel: +49 (0)30 52 00 54 - 662 Tel: +49 (0)40 380 32 - 145 Phone: +49 40 380 32-0
Fax: +49 40 380 32-388
Fax: +49 (0)30 52 00 54 - 951 Fax: +49 (0)40 380 32 - 388
www.tag-ag.com
E-Mail: Nachhaltiger(at)tag-ag.com E-Mail: ir(at)tag-ag.com
TAG Immobilien AG | September 2021| 12
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