Balder updates climate goals

News  – 
Balder is now increasing the pace of the company’s sustainability work further by setting new climate goals in line with the Paris Agreement and the 1.5-degree goal.

The new climate goal means that Balder will halve emissions in its own operations by 2030 with 2020 as the base year, and measure and reduce emissions in the value chain (scope 3).

Balder also sets a goal of achieving net zero carbon emissions throughout the value chain (scope 1, 2 and 3) by 2045.

- To achieve the goals, we will, among other things, increase the pace of our energy efficiency projects, continuously reduce the amount of energy purchased and take several measures to increase the sustainability of property development projects, says Camilla Holten, Head of Sustainability at Balder.

Other activities include purchasing eco-labeled district heating and continuously replacing the vehicle fleet with fossil-free vehicles. Balder has also signed Science Based Targets¹ with the aim of getting science-based goals approved.

Balder also formally expresses support for the Task Force on Climate-related Financial Disclosures and will continue the work of mapping and managing financial risks and opportunities linked to climate change.

¹ Science Based Targets is a framework for companies to set science-based climate goals that are in line with what is required to meet the goals in the Paris Agreement. By joining the initiative, Balder has begun work on getting the company's climate goals verified and approved. Read more here.