PRESS RELEASE

Homes for today and tomorrow: TAG Immobilien AG publishes Sustainability Report 2020

- Further targets set to balance economic, ecological, and social interests and create liveable residential neighbourhoods at affordable rents

- Social commitment essential, not only in times of Covid-19 pandemic: TAG Miteinander Stiftung (TAG 'Together' Foundation) established in 2020

- Completion of a comprehensive decarbonisation strategy to further reduce CO2 emissions in 2021

- New-construction activities in Poland open up new opportunities to plan buildings sustainably and to incorporate climate protection and resource conservation from the very beginning

- TAG among leading real estate companies based on ESG ratings received

Hamburg, 22 April 2021

TAG Immobilien AG (TAG) published its ninth Sustainability Report today. This report supplements and complements the financial reporting in the Annual Report published on March 17, 2021 with all material non-financial aspects of the 2020 financial year.

Referring to the Sustainability Report, Claudia Hoyer, COO of TAG, says: "We further specified and anchored our sustainability goals in 2020. This will help us to reinforce the integration of sustainability aspects in our business and raise awareness of them. Our sustainability management is a way for us to make a contribution to sustainable business, a society worth living in, and environmental protection. We see affordable housing as a major social responsibility. Satisfied tenants are key to our economic success and future viability."

Responsibility towards society - Social sustainability during the Covid-19 crisis

We are helping our tenants during the Covid-19 pandemic. Besides voluntarily waiving rent increases for several months, we also stepped up our debt advisory services in recent months. Social commitment is more important to us than ever. We are particularly committed to creating senior-friendly residential environments and neighbourhood communities, and we create recreational activities for all generations. As a residential company, we no longer see ourselves purely as a landlord; new social trends and changing needs mean that we are increasingly becoming a provider of life services in our neighbourhoods.

In 2020, the non-profit TAG Miteinander Stiftung (TAG 'Together' Foundation) was established. Under the aegis of the foundation, we are strengthening our community activities and improving the living conditions in our neighbourhoods. With the foundation, we want to ensure that people live in good conditions and enjoy being part of a community and a good neighbourhood. The focus is on supporting children and teens, families, and elderly people, as well as people in need who have fallen on hard times through no fault of their own.

During the pandemic, it is also important to protect our employees, who work on our customers' behalf every day. As a responsible employer, we therefore expanded our occupational safety measures and the options for flexible and remote work, and intensified communication via digital channels. Our corporate culture of appreciation, which is characterised by respectful and transparent interaction, is as crucial to our corporate success as the personal responsibility of each and every individual.

Developing our portfolio responsibly - Outlook for 2021

Our long-term goal is to develop and manage a nearly climate-neutral portfolio. To this end, we are currently developing a comprehensive decarbonisation strategy, which we aim to complete during the course of 2021. For example, we have already expanded the collection and quality of our data, and will set concrete reduction targets. By reducing CO₂ emissions, we are making our contribution to meet climate targets. In our new-construction activities in Poland, which we will be investing in extensively over the next few years, we are already ensuring maximum energy efficiency and sensible use of resources from the very beginning.

Martin Thiel, Chief Financial Officer of TAG, said: "Our goal is to balance and harmonise economic, ecological, and social interests. With economic stability, we create the conditions for social and ecological commitment. And our social and ecological measures in turn have a positive impact on our long-term economic success. We are pleased that our sustainability approach is also reflected in a very positive assessment by international ESG rating agencies, and that we are one of the leading companies in the real estate sector here."

Further details on TAG's sustainability activities and sustainability targets can be found in the Sustainability Report 2020 at https://www.tag-ag.com/en/sustainability/sustainability-reports.

Press enquiries
TAG Immobilien AG
Dominique Mann
Head of Investor & Public Relations
Phone +49 (0) 40 380 32 300, Fax +49 (0) 40 380 32 388
[email protected]