TAG Immobilien AG

Common Name
TAG Immobilien
Country
Germany
Sector
Real Estate
Industry
Real Estate - Diversified
Employees
1,905
Ticker
TEG
Exchange
XETRA
Description
TAG Immobilien AG is a prominent real estate company specializing in the acquisition, development, and management of residential properties. The primary function of TAG Immobilien AG is to provide qua...

TAG Immobilien's GHG Emissions Data Preview

In 2024, TAG Immobilien completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

TAG Immobilien has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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b
0000000
Location-Based
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0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind TAG Immobilien’s Greenhouse Gas (GHG) Emissions 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
a. TAG Immobilien's Annual Report 2024
b. TAG Immobilien's Sustainability Report 2023
b. TAG Immobilien's Sustainability Report 2023
c. TAG Immobilien's Sustainability Report 2020
c. TAG Immobilien's Sustainability Report 2020

Insights into TAG Immobilien's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of TAG Immobilien amounted to 177,580.5 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of TAG Immobilien increased by 0.67%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

TAG Immobilien's Scope 1 Emissions Over Time

2018201920202021202220232024020 k40 k60 k80 ktCO2e-8%+141%-6%-7%-4%-1%
  • Total Scope 1
  • Year-over-Year Change

What are TAG Immobilien's Scope 1 emissions?

In 2024, the total Scope 1 emissions of TAG Immobilien were 57,833.2 metric tons of CO₂ equivalent (tCO₂e). a

Has TAG Immobilien reduced its Scope 1 emissions over time?

Since 2018, TAG Immobilien's Scope 1 emissions have increased by 83.81%, reflecting a rising long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), TAG Immobilien's Scope 1 emissions decreased by 1.39%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are TAG Immobilien's Scope 2 emissions?

In 2024, TAG Immobilien reported Scope 2 greenhouse gas (GHG) emissions of 96,796.7 tCO₂e using the market-based method and 119,747.3 tCO₂e using the location-based method. a

Has TAG Immobilien reduced its Scope 2 emissions over time?

Compared to the previous year (2023), TAG Immobilien's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that TAG Immobilien 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does TAG Immobilien use for Scope 2 reporting?

In 2024, TAG Immobilien reported its Scope 2 emissions using the market-based method and using the location-based method. a

TAG Immobilien's Scope 2 Emissions Over Time

2018201920202021202220232024030 k60 k90 k120 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into TAG Immobilien's Value Chain Emissions

In 2024, TAG Immobilien reported 149,617.5 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of TAG Immobilien includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

TAG Immobilien's Scope 3 Emissions Over Time

20202021202220232024040 k80 k120 k160 ktCO2e+53033%+29%+4357%+63%
  • Total Scope 3
  • Year-over-Year Change

What are TAG Immobilien's Scope 3 emissions?

In 2024, TAG Immobilien reported total Scope 3 emissions of 149,617.5 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 37.87% of these emissions originated from upstream activities such as purchased goods and capital goods, while 62.13% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), TAG Immobilien's Scope 3 emissions increased by 62.79%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does TAG Immobilien disclose?

In 2024, TAG Immobilien reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of TAG Immobilien's Scope 3 emissions?

In 2024, the largest contributors to TAG Immobilien's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 92,964.3 tCO₂e (62.13%)
  • Capital Goods (Cat. 2): 28,572.3 tCO₂e (19.1%)
  • Purchased Goods and Services (Cat. 1): 28,080.9 tCO₂e (18.77%)

TAG Immobilien's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(62.1%)Purchased Goods andServices (Cat. 1)(18.8%)Capital Goods(Cat. 2)(19.1%)

Insights into TAG Immobilien’s GHG Emissions Intensity Compared to Industry Peers

In 2024, TAG Immobilien reported Scope 1 greenhouse gas (GHG) emissions of 57,833.2 tCO₂e and total revenues of USD 1,127 millions. This translates into an emissions intensity of 51.32 tCO₂e per millions USD. a

TAG Immobilien's Scope 1 Emissions Intensity Compared to Peers

202005,00050,000500,000Scope 1 Emissions (tCO2e)201001,0005,00050,000Revenues (Millions of USD)CHPrestige Estates ProjectsYear: 2025Scope 1: 6,942 tCO2eRevenue: $M 860Scope 1 Intensity: 8.07 tCO2e/$MZug Estates HoldingYear: 2024Scope 1: 241 tCO2eRevenue: $M 98Scope 1 Intensity: 2.47 tCO2e/$MPlazzaYear: 2024Scope 1: 300 tCO2eRevenue: $M 37Scope 1 Intensity: 8.13 tCO2e/$MHIAG Immobilien HoldingYear: 2024Scope 1: 1,772 tCO2eRevenue: $M 138Scope 1 Intensity: 12.88 tCO2e/$MHenderson Land DevelopmentYear: 2024Scope 1: 13,137 tCO2eRevenue: $M 3,252Scope 1 Intensity: 4.04 tCO2e/$MFastighets AB BalderYear: 2024Scope 1: 1,231 tCO2eRevenue: $M 1,168Scope 1 Intensity: 1.05 tCO2e/$MVesta Real EstateYear: 2023Scope 1: 137 tCO2eRevenue: $M 214Scope 1 Intensity: 0.64 tCO2e/$MTokyu Fudosan HoldingsYear: 2023Scope 1: 52,100 tCO2eRevenue: $M 7,551Scope 1 Intensity: 6.90 tCO2e/$MSwiss Prime SiteYear: 2024Scope 1: 8,220 tCO2eRevenue: $M 729Scope 1 Intensity: 11.28 tCO2e/$MFrasers PropertyYear: 2024Scope 1: 16,000 tCO2eRevenue: $M 3,280Scope 1 Intensity: 4.88 tCO2e/$MMitsui FudosanYear: 2024Scope 1: 209,000 tCO2eRevenue: $M 15,737Scope 1 Intensity: 13.28 tCO2e/$MNew World DevelopmentYear: 2024Scope 1: 9,701 tCO2eRevenue: $M 4,583Scope 1 Intensity: 2.12 tCO2e/$MCityconYear: 2023Scope 1: 1,050 tCO2eRevenue: $M 321Scope 1 Intensity: 3.27 tCO2e/$MCCCPI EuropeYear: 2023Scope 1: 18,189 tCO2eRevenue: $M 882Scope 1 Intensity: 20.62 tCO2e/$MOpen House GroupYear: 2022Scope 1: 1,118 tCO2eRevenue: $M 6,596Scope 1 Intensity: 0.17 tCO2e/$MKindom DevelopmentYear: 2023Scope 1: 38 tCO2eRevenue: $M 634Scope 1 Intensity: 0.06 tCO2e/$MParque AraucoYear: 2023Scope 1: 652 tCO2eRevenue: $M 300Scope 1 Intensity: 2.17 tCO2e/$MLendLease GroupYear: 2023Scope 1: 26,062 tCO2eRevenue: $M 6,817Scope 1 Intensity: 3.82 tCO2e/$MNepi RockcastleYear: 2024Scope 1: 7,434 tCO2eRevenue: $M 888Scope 1 Intensity: 8.37 tCO2e/$MMitsubishi EstateYear: 2024Scope 1: 99,135 tCO2eRevenue: $M 9,936Scope 1 Intensity: 9.98 tCO2e/$MPakuwon JatiYear: 2023Scope 1: 20,598 tCO2eRevenue: $M 402Scope 1 Intensity: 51.24 tCO2e/$MCentral PattanaYear: 2024Scope 1: 3,715 tCO2eRevenue: $M 1,462Scope 1 Intensity: 2.54 tCO2e/$MCatenaYear: 2024Scope 1: 334 tCO2eRevenue: $M 199Scope 1 Intensity: 1.68 tCO2e/$MHHHainan Airport InfrastructureYear: 2023Scope 1: 7,084 tCO2eRevenue: $M 951Scope 1 Intensity: 7.45 tCO2e/$MTAG ImmobilienYear: 2024Scope 1: 57,833 tCO2eRevenue: $M 1,127Scope 1 Intensity: 51.32 tCO2e/$M

How does TAG Immobilien's GHG emissions intensity compare to its peers?

In 2024, TAG Immobilien reported a Scope 1 emissions intensity of 51.32 tCO₂e per millions USD. Compared to the peer group median of 4.46 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does TAG Immobilien rank on GHG emissions intensity within its industry?

In 2024, TAG Immobilien ranked 25 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places TAG Immobilien among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into TAG Immobilien's Total Carbon Footprint

In 2024, TAG Immobilien reported a total carbon footprint of 327,198 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 21.95% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to TAG Immobilien's total carbon footprint was Scope 3 emissions, accounting for 45.73% of the company's total carbon footprint, followed by Scope 2 emissions at 36.6%. a

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