TAG Immobilien AG publishes Sustainability Report 2019: Exploiting potential - Balancing economic, ecological and social interests
DGAP-News: TAG Immobilien AG / Key word(s): Real Estate/Sustainability
- Inexpensive housing and high-quality service remain the basis of TAG's business model geared to long-term success
- Affordable yet climate-friendly living as a major societal challenge - residential portfolio will continue to be developed with a sense of proportion
- Social sustainability is essential, not just in times of the coronavirus crisis
- Dedicated, qualified employees form the basis for achieving all sustainability goals
TAG Immobilien AG (TAG) today published its eighth Sustainability Report, which was prepared for the third time in accordance with the guidelines of the Global Reporting Initiative (GRI). The report systematically documents strategies, targets and activities in the fields of economic, ecology and social sustainability. This supplements and complements the financial reporting in the Annual Report published on February 27, 2020 by adding significant non-financial aspects of the 2019 financial year.
Claudia Hoyer, COO of TAG, comments on the Sustainability Report: "Long before sustainability was declared a megatrend, it was on TAG's daily agenda. As a large housing company, we bear responsibility for society and want to live up to this responsibility. This is only possible through sustainable action. For this reason, an integrative, holistic understanding of sustainability forms the basis of our business decisions. Our aim is to reconcile the triad of economic, ecological, and social interests."
Our path to tomorrow - TAG's sustainability strategy
Happy tenants are central to our economic success and our future viability. Accordingly, customer orientation and service quality are key topics in our Sustainability Report 2019 as well. Our goal is to create affordable living space for broad sections of the population. That is why we rigorously tailor our offerings to the needs of our customers.
By improving energy efficiency and reducing emissions, we help protect the environment. Our measures focus on areas of the building shell that we can influence, and on the generation of heating energy. We aim to achieve the best possible cost-benefit ratio, because ecological measures have economic consequences for our tenants.
The sustainable use of resources has beneficial effects on the environment and, at the same time, generates economic benefits for TAG and our tenants. For this reason, a conscious approach to the use of resources is firmly anchored in our company across the entire value chain.
Our social responsibility - Social sustainability in times of the coronavirus crisis
The provision of affordable housing has always been our core business. In this respect, sustainability is traditionally anchored in our business activities. The present coronavirus crisis is a particular challenge for all of us, and we as a housing company have a responsibility in this respect. This applies especially to our tenants, to whom we strive to offer a secure home and good service in this difficult situation. Community involvement, which we have been practising for years in many of our residential areas, is more important than ever in these times.
For several weeks now, we have voluntarily refrained from increasing rents by adjusting them to the comparable rent customary in the area, from terminations due to loss of income as a result of the coronavirus crisis and from corresponding evictions from occupied apartments. Our receivables management teams have always seen themselves as debt advisors and strive to help rent defaulters so that they can continue to live in their apartment. They offer instalment payments and deferral agreements during this period as before, and help with applications for state subsidies.
That is why we feel it is so important to be an attractive employer. At the heart of this is company culture of appreciation with regular feedback, the opportunity for dialogue, and flat hierarchies. It is important to us to reflect the social diversity among our employees, because this benefits our customers as well.
Other changes in the Sustainability Report 2019
Please refer to the 2019 Sustainability Report, available at https://www.tag-ag.com/en/sustainability/sustainability-reports/ for further details.
|Company:||TAG Immobilien AG|
|Phone:||040 380 32 0|
|Fax:||040 380 32 388|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange|
|EQS News ID:||1027659|
|End of News||DGAP News Service|