Announcement

TAG Immobilien AG ranks among the TOP 5% of Systainalytics ESG-Risk-Rating in the Real Estate Sector

DGAP-Media / 22.07.2020 / 13:00 TAG Immobilien AG ranks among the TOP 5% of Systainalytics ESG-Risk-Rating

TAG Immobilien AG ranks among the TOP 5% of Systainalytics ESG-Risk-Rating in the Real Estate Sector


DGAP-Media / 22.07.2020 / 13:00

TAG Immobilien AG ranks among the TOP 5% of Systainalytics ESG-Risk-Rating in the Real Estate Sector

- TAG Immobilien AG ranks 41st out of 905 Real Estate companies analysed worldwide

- Report recognizes in particular TAG's strong Business Ethics and improvement across all five of the material ESG issues


Hamburg, 22 July 2020

Sustainalytics, a leading environmental, social and governance (ESG) research, ratings and data firm, published its latest ESG Risk Rating* on TAG Immobilien AG (TAG). The company was rated in the top 5% of all 905 Real Estate Sector companies analysed and in the 3rd percentile of the 12,000 companies assessed across all sectors.

Verena Schulz, Sustainability Officer at TAG: "We are very proud of this strong ESG ranking. It positions TAG within the 5th percentile of all Real Estate Sector companies covered by Sustainalytics' ESG Risk Rating. We are very satisfied with the results of this assessment and are encouraged to keep on raising the bar to further accelerate the transition to sustainable residential management".
Claudia Hoyer, COO of the company amends: "This ESG rating within our industry by Sustainalytics is a clear recognition for our long-term sustainability policy, with ESG programs embedded across our entire growth strategy."

The Sustainalytics report states that the company is at low risk of experiencing material financial impacts from ESG factors due to its strong management of material ESG issues. The company is recognized for its improvement across all five of the material ESG issues. According to the report, TAG's strongest areas of ESG risk management are its business ethics programs and its ESG Integration in Financials.
TAG's ESG Risk Rating score for 2020 is 12.6 on a scale from 0-100 with 0 indicating negligible ESG risk. Sustainalytics' ESG Risk Ratings are categorized across five risk levels: negligible, low (attributed to TAG), medium, high and severe. For more information visit www.sustainalytics.com.

SOCIETE GENERALE supported TAG within the ESG rating process.

Further information on ESG topics at TAG can be found at https://www.tag-ag.com/en/sustainability.

* All rankings date from the 29th of June 2020 when the new Sustainalytics ESG risk rating was published.

About TAG Immobilien AG
TAG Immobilien AG an MDAX-listed company with a more than 125-year history. Its primary locations are in the Greater Hamburg and Berlin areas, the Salzgitter region, as well as Thuringia / Saxony and North Rhine-Westphalia. TAG currently manages nearly 85,000 dwellings. The company's goal is to improve the quality of housing for its tenants. In line with this, TAG adapts its holdings to modern living needs to, gets involved in the communities of its residential quarters, and promotes a good neighbourhood spirit. The Group continually reduces vacancy and increasing the value of its total portfolio through prudent management of its properties and a future-oriented/forward-looking development of its overall portfolio.

Press enquiries:
TAG Immobilien AG
Verena Schulz
Strategic Real Estate Management
Tel. +49 (0) 30 5200 54 662, Fax +49 (0) 30 5200 54 951
nachhaltiger@tag-ag.com

Dominique Mann
Head of Investor & Public Relations
Tel. +49 (0) 40 380 32 300, Fax +49 (0) 40 380 32 388
ir@tag-ag.com

 



End of Media Release


Issuer: TAG Immobilien AG
Key word(s): Real estate

22.07.2020 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 388
E-mail: ir@tag-ag.com
Internet: www.tag-ag.com
ISIN: DE0008303504
WKN: 830350
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1099199


 
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