TAG Immobilien AG

Lobbying Governance

AI Extracted Evidence Snippet Source

By resolution of the Management Board in July 2021, the function of Management Board's Plenipotentiary for ESG was created, who from then on is in charge of the operational organisation of activities, related to sustainability and the direct reporting of progress to the group's authorities and shareholder representatives. During discussions at Management Board meetings, the current status of activities, information on legal changes and trends in the area of sustainability are presented. In addition, the Plenipotentiary also became the leader of the interdisciplinary project group of ESG Advisors, which consists of representatives from all six departments of the company. The team includes individuals responsible for administration, investment development, property management, apartment rental, land acquisition, corporate governance and marketing. This allows us to carry out consistent ESG activities in different areas of our organisation and to build a dialogue, centred on sustainable development, among the group's employees and associates. The team meets weekly and its activities have no end date. ESG Advisors Group is responsible for creating projects concerning sustainable development and then implementing them within the company's structures, taking into account cooperation from stakeholders. Already in the first months of its activity, the team created 28 initiatives, the implementation of which is planned for the years 2021-2022. Examples of projects are described in the following sections of the report. [...] Supervision over the implementation of the Policies is exercised by the Company's Management Board. In order to control and verify, on an ongoing basis, the organisation's compliance with the law and implemented internal regulations, the Management Board appointed a Compliance Officer, who became empowered to report any non-compliance with internal Policies and Procedures not only to the Management Board, but also to the Supervisory Board.

https://www.tag-ag.com/fileadmin/content/nachhaltigkeitsberichte/ESG_report_Vantage_Development_Capital_Group_2021.pdf