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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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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
In 2024, the total Scope 1 emissions of TAG Immobilien were 57,833.2 metric tons of CO₂ equivalent (tCO₂e). a
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
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
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
In 2024, TAG Immobilien reported its Scope 2 emissions using the market-based method and using the location-based method. a
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
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
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.
In 2024, the largest contributors to TAG Immobilien's Scope 3 emissions were: a
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
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
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
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