TAG Immobilien AG is an MDAX-listed real estate company headquartered in Hamburg, Germany, specializing in the residential property sector across Northern and Eastern Germany, North Rhine-Westphalia, ... TAG Immobilien AG is an MDAX-listed real estate company headquartered in Hamburg, Germany, specializing in the residential property sector across Northern and Eastern Germany, North Rhine-Westphalia, and Poland. The company develops, manages, and sells residential real estate, focusing on affordable housing through active asset management that drives rental growth, vacancy reduction, and value enhancement via targeted capex investments yielding 7-12% equity returns on modernizations. In Germany, TAG operates as a leading affordable housing provider with a fully integrated platform emphasizing local market knowledge, selective acquisitions of high-yield properties in A/B locations, and disciplined disposals around book value. Its Polish operations, incorporating platforms like ROBYG and Vantage, center on build-to-hold and build-to-sell projects in A cities, producing high-quality apartments with strong EBITDA margins over 75% and self-funding capabilities through robust sales volumes. TAG maintains a conservative financing structure with an average debt maturity of 5 years, prioritizes sustainability in ESG ratings, and supports neighborhood management alongside customer-focused services. This dual-country strategy positions TAG as a key player in value-oriented residential real estate operations.
In 2024, TAG Immobilien was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
TAG Immobilien has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of TAG Immobilien are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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7.7 CCM/CCA - Acquisition and ownership of buildings
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2023
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Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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7.7 CCM/CCA - Acquisition and ownership of buildings
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2023
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2021 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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7.2 CCM/CCA - Renovation of existing buildings
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7.7 CCM/CCA - Acquisition and ownership of buildings
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Limited Data Preview
You are viewing a limited preview of TAG Immobilien’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind TAG Immobilien’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore TAG Immobilien’s data sources below and access millions more through our Disclosure Search.
a. TAG Immobilien's Annual Report 2024
b. TAG Immobilien's Sustainability Report 2023
c. TAG Immobilien's Sustainability Report 2022
Insights into TAG Immobilien's Revenues from Sustainable Activities
In 2024, TAG Immobilien reported EU Taxonomy-eligible revenues of EUR 1.04 billion, representing 96.4% of its total turnover. Of this amount, EUR 92.10 million of TAG Immobilien's revenues was classified as EU Taxonomy-aligned, indicating that 8.5% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
TAG Immobilien's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have TAG Immobilien's revenues become more sustainable over time?
Since 2022, TAG Immobilien's taxonomy-aligned revenues decreased by 42.57%, indicating a long-term decline in environmentally sustainable revenue performance.a, c
Compared to the previous year (2023), TAG Immobilien's taxonomy-aligned revenues decreased by 37.96%, suggesting that TAG Immobilien may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
How much of TAG Immobilien's revenue is eligible under the EU Taxonomy?
In 2024, TAG Immobilien reported that EUR 1.04 billion of its revenue was eligible under the EU Taxonomy, representing 96.4% of the company's total turnover. Of this amount, EUR 92.10 million (8.5% of total revenue) was classified as Taxonomy-aligned. This means that 87.9% of TAG Immobilien's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of TAG Immobilien's eligible revenue is aligned with the EU Taxonomy?
In 2024, TAG Immobilien reported that EUR 92.10 million of its revenue was aligned under the EU Taxonomy, representing 8.5% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
TAG Immobilien's Eligibility & Alignment Overview
TAG Immobilien's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is TAG Immobilien's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, TAG Immobilien reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 8.5%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does TAG Immobilien earn from selling climate-related solutions ?
In 2024, TAG Immobilien reported that EUR 92.06 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 8.5% of the company's total revenue,indicating that TAG Immobilienhas limited exposureon solutions that support climate action through its commercial activities.a
Insights into TAG Immobilien's CAPEX from Sustainable Activities
In 2024, TAG Immobilien reported EU Taxonomy-eligible CAPEX of EUR 210.10 million,representing 93.7% of its total CAPEX. Of this amount, EUR 23.80 million of TAG Immobilien's CAPEX was classified as EU Taxonomy-aligned, indicating that 10.6% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
TAG Immobilien's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have TAG Immobilien's increased its investment in sustainable activities over time?
Since 2022, TAG Immobilien's taxonomy-aligned capital expenditure (CAPEX)increased by 29.27%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.a, c
Compared to the previous year (2023), TAG Immobilien's taxonomy-aligned CAPEX decreased by 27.89%,suggesting that TAG Immobilien may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of TAG Immobilien's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, TAG Immobilien reported that EUR 210.10 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 93.7% of the company's total CAPEX. Of this amount, EUR 23.80 million (10.6% of total CAPEX) was classified as Taxonomy-aligned. This means that 83.1% of TAG Immobilien's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of TAG Immobilien's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, TAG Immobilien reported that EUR 23.80 million of its CAPEX was aligned under the EU Taxonomy, representing 10.6% of its total capital investment.a
This moderate level of alignment indicates that TAG Immobilien is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
TAG Immobilien's Eligibility & Alignment Overview
TAG Immobilien's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is TAG Immobilien's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, TAG Immobilien reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 10.6%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much TAG Immobilien is investing in climate-related solutions?
In 2024, TAG Immobilien allocated EUR 23.78 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 10.6% of the company's total capital expenditure,indicating that TAG Immobilienis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into TAG Immobilien's OPEX from Sustainable Activities
In 2024, TAG Immobilien reported EU Taxonomy-eligible OPEX of EUR 31.30 million,representing 63.4% of its total operating expenses (OPEX). Of this amount, EUR 7.50 million of TAG Immobilien's OPEX was classified as EU Taxonomy-aligned, indicating that 15.2% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
TAG Immobilien's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have TAG Immobilien's increased its spending in sustainable activities over time?
Since 2022, TAG Immobilien's taxonomy-aligned operating expenditure (OPEX)decreased by 19.15%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.a, c
Compared to the previous year (2023), TAG Immobilien's taxonomy-aligned OPEX decreased by 27.96%, suggesting that TAG Immobilien may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
How much of TAG Immobilien's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, TAG Immobilien reported that EUR 31.30 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 63.4% of the company's total OPEX. Of this amount, EUR 7.50 million (15.2% of total OPEX) was classified as Taxonomy-aligned. This means that 48.2% of TAG Immobilien's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of TAG Immobilien's eligible OPEX is aligned with the EU Taxonomy?
In 2024, TAG Immobilien reported that EUR 7.50 million of its OPEX was aligned under the EU Taxonomy, representing 15.2% of its total operational expenditure.a
This moderate level of alignment indicates that TAG Immobilien is beginning to shift operational priorities toward greener practices, with room for deeper integration.
TAG Immobilien's Eligibility & Alignment Overview
TAG Immobilien's Contribution to Environmental Objectives
Total Taxonomy Aligned Opex
How is TAG Immobilien's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, TAG Immobilien reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 15.2%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of TAG Immobilien's operational budget supports climate-related solutions?
In 2024, TAG Immobilien allocated EUR 7.51 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 15.2% of the company's total OPEX,indicating that TAG Immobilienis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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