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TLG IMMOBILIEN publishes its third sustainability report in accordance with GRI and EPRA

DGAP-News: TLG IMMOBILIEN AG / Key word(s): Sustainability/Real Estate

05.07.2018 / 07:00
The issuer is solely responsible for the content of this announcement.


TLG IMMOBILIEN publishes its third sustainability report in accordance with GRI and EPRA

- Current key economic, ecological and social figures

- Statistics on the procurement of green electricity and carbon-neutral gas as well as other fuels reported for the first time

- New code of conduct for service providers and signing of the Diversity Charter in 2017


Berlin, 5 July 2018 - TLG IMMOBILIEN AG (DE000A12B8Z4) published its sustainability report for the 2017 financial year today. The report focuses not only on the previously published key economic figures, but also the social and ecological sustainability of the Group. The sustainability report has been prepared voluntarily once again and is based on the internationally recognised standard guidelines of the Global Reporting Initiative (GRI) and the EPRA Best Practices Recommendations for Sustainability Reporting, the European real estate sector reporting standard.

DEVELOPMENT OF KEY ECOLOGICAL AND SOCIAL FIGURES
The current report builds on the key ecological figures, especially by breaking down the energy sources used to generate heat and electricity. Ever since 2017, the company has been purchasing green electricity and carbon-neutral gas for its offices, common parts areas and vacant areas in large sections of its portfolio. Additionally, the consumption statistics provided by tenants with regard to independently purchased energy are broken down further and the corresponding CO2 emissions reported in this reporting year.

In terms of key social figures which are reported in even more detail this year in line with EPRA, employee satisfaction is particularly noteworthy. The employee surveys that have been carried out annually since 2015 show positive development, with employee satisfaction increasing across all aspects.

SUSTAINABLE COMPANY DEVELOPMENT MEASURES
In 2017, TLG IMMOBILIEN continued to implement various measures intended to spur on its sustainable development. These measures include the development and communication of a code of conduct for service providers and employees (see here), tips on how to preserve resources for tenants (see here), signing the Diversity Charter with its voluntary undertakings (more information) and the introduction of the employee mentoring programme 'Fit4Growth' in order to retain young, high-potential individuals within the company. Additionally, the office property Kapweg 3-5 in Berlin was certified by WiredScore in 2017. In this certification, the PropTech company has developed an internationally unique system for rating the digital infrastructure of commercial properties. Moreover, the office property 'astropark' in Frankfurt, part of the portfolio of TLG IMMOBILIEN, was awarded a Gold certification by WiredScore in June 2018.

'We are very happy about the increase in employee satisfaction in particular. Our employees are the foundation of our economic success in recent years as well as of our planned future growth', explains Niclas Karoff, member of the Management Board of TLG IMMOBILIEN. 'Our stated objective is to use our sustainability reports to continue augmenting the transparency that we deliver through our regular financial reports. We want to take all of our stakeholders and their requirements into consideration. In this context, we plan to update the stakeholder survey that was carried out in 2017 in 2019.

The full sustainability report is available to download here:
www.tlg.eu > Company > Sustainability

CONTACT

Christoph Wilhelm
Corporate Communications

Phone: +49 30 2470 6355
E-mail: christoph.wilhelm@tlg.de
Sven Annutsch
Investor Relations

Phone: +49 30 2470 6089
E-mail: sven.annutsch@tlg.de
 

ABOUT TLG IMMOBILIEN AG

TLG IMMOBILIEN AG is a listed leading commercial real estate company in Germany that has been synonymous with real estate expertise for over 25 years. TLG IMMOBILIEN AG generates stable rental in-come and exhibits low vacancy rates, very good building stock and profits from its local employees' excel-lent market knowledge. As an active portfolio manager, TLG IMMOBILIEN AG is specialised in commercial properties for office and retail use: it focuses on managing a high-quality portfolio mostly comprising office properties in Berlin, Frankfurt/Main, Dresden, Leipzig and Rostock. The company also has a region-ally diversified portfolio of retail properties in highly frequented micro-locations. The portfolio also includes seven hotels in Berlin, Dresden, Leipzig and Rostock. TLG IMMOBILIEN AG's properties stand out not on-ly due to their excellent locations but also because of their long-term rental or lease agreements.

As at 31 March 2018, the property value amounted to EUR 3.5 bn. As at the same reporting date, the EPRA Net Asset Value per share amounted to EUR 22.09.

This publication contains forward-looking statements based on current views and assumptions of TLG IMMOBILIEN AG's management and made to the best of knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause TLG IMMOBILIEN AG's revenues, profitability or the degree to which it performs or achieves its targets, to materially deviate from what is explicitly or implicitly stated or described in this publication. Therefore, persons who obtain possession of this publication should not rely on such forward-looking statements. TLG IMMOBILIEN AG accepts no guarantee or responsibility regarding such forward-looking statements and will not adjust them to future results or developments.



05.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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