In addition to social targets and professional corporate governance, the reduction of carbon emissions is a clear target of TAG's effort for a sustainable business development. The decarbonization strategy includes maintenance and modernization needs as well as the entire supply chain and materials with internal emission control.
Current annual carbon emission levels of TAG's portfolio of 31.9 kg CO2/sqm in 2019 are already below average of other leading housing companies active in Germany. Furthermore, TAG is determined to reduce the emission footprint further to less than 28 kg/sqm by 2025 and less than 22 kg/sqm by 2030. The long-term target is a reduction to less than 7 kg/sqm by 2045. This will be achieved by a sustainable investment programme with a total volume of c. EUR 690m to be invested until 2045. This translates into future capex requirements of on average c. EUR 19 per sqm annually (current capex of c. EUR 13-14 per sqm p.a.).
|(in EURm)||Total||In %|
|Power generation facilities||129.2||18.8%|
|Smart building technology||42.0||6.1%|
|Hydraulic balancing system||40.0||5.8%|
|Reformation into centralized systems||38.8||5.6%|
|Combined heat and power unit||22.2||3.2%|