Decarbonization strategy

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. In the long term, we want to develop and manage a nearly climate-neutral portfolio. To this end, we have developed a comprehensive decarbonization strategy for our portfolio in Germany (Scope 1 and Scope 2), which was adopted by the Management Board and Supervisory Board in 2021. 

Status Quo

• Full commitment to reach CO₂ emission level in line with 1.5^oC climate goal
• Conducted study to define measures required to achieve goal
• Current CO₂ emissions* (Scope 1 and Scope 2) of 27.1 kg/sqm

* Extrapolation based on the 2024 data with the status of the portfolio as of 31 December 2025 (adjusted for sales)

TAG is well-positioned with its real estate portfolio in Germany, which emits around 27.1 kg CO₂eq/sqm (2025). In addition, TAG had set itself the target of further reducing its carbon footprint to below 28 kg/m² by 2025, a target which was achieved ahead of schedule. The medium-term goal is to reduce emissions to below 22 kg/m² 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.).

Measure

• Changes in energy-mix
• Improvements in heating technology
• Isolation of buildings
• Total investment programme of approx. EUR 690m until 2045 committed

• Green district heating, green electricity
• Exterior wall insulation, basement ceiling insulation, hydraulic balancing of lines and windows
• Photovoltaics, hydraulic balancing of radiators, energy generation systems and smart thermostatic valves