SUSTAINABILITY
As a long-term property owner, Balder strives to take social, environmental and financial responsibility, and continuously improve the company's sustainability-related activities.
Balder’s sustainability work is based on global sustainability goals and international frameworks for sustainable development, including the United Nations' Sustainable Development Goals (SDGs), the Global Compact and the Task Force on Climate-related Financial Disclosures (TCFD). We have also set a science-based climate target in line with the Paris Agreement, which has been validated by the Science Based Targets initiative (SBTi).
Material topics
We have selected six of the global sustainability goals and also prioritise activities that can reduce the company’s risks in issues of social, climate, environmental as well as financial sustainability. Through Balder's sustainability framework, we have identified a number of material topics and goals, making our work more concrete.
Balder also has a framework for green financing. The purpose is to fund projects that contribute to reduced environmental impact, and the company’s ambition is to increase the proportion of green financing.
High climate goals
During 2023 we updated our climate goals and in March 2024 they were validated by the Science Based Targets initiative (SBTi). In brief, the goals state that we shall:
- Reduce emissions in our own operations by more than half (55%) and measure and reduce indirect emissions in the value chain (Scope 3) by 2030, with 2022 as base year.
- Achieve net-zero emissions throughout the entire value chain by 2045.
Low ESG risk
We continuously engage the independent companies Sustainalytics and MSCI to analyse Balder's exposure to industry-specific significant ESG risks and how well we manage them. Both companies assess the three dimensions of environmental, social and governance factors, but apply different methods and rating scales.
During autumn 2024, Balder received an ESG rating from MSCI of BBB and also an ESG risk rating from Sustainalytics of 14.9, which puts the company well within the low-risk framework. The analysis shows that Balder perform well in relation to comparable companies.
