SUSTAINABILITY REPORTING

In addition to reporting in our Annual and sustainability reports, our sustainability efforts are continuously measured and analysed by external independent entities.

Our Annual and Sustainability reports are available online and as downloadable PDF.

Balder has been reporting according to the Global Reporting Initiative (GRI) for several years. Starting in 2023, we will further enhance our sustainability reporting by gradually aligning it with the new EU directives ESRD/CSRD.

To evaluate risks and opportunities linked to climate change, Balder follows the recommendations issued by the Task Force on Climate-Related Financial Disclosures (TCFD) and is working to implement the recommendations in the areas included.

The EU taxonomy

The EU Taxonomy is a common classification system that specifies what constitutes sustainable economic activities within an organisation. Balder is subject to disclosure requirements under the Taxonomy Regulation and reports both the proportion of economic activity covered by the EU Taxonomy (eligibility) and the proportion that aligns with the EU Taxonomy (alignment). To classify an activity as sustainable, it must significantly contribute to at least one of the Taxonomy's six environmental objectives, not cause significant harm (DNSH) to any of the other objectives and also meet the requirements of defined minimum safeguards.

ESG risk rating

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.

Nasdaq ESG Transparency Partner

Balder is a certified Nasdaq ESG Transparency Partner. The Balder share is listed on Nasdaq Stockholm, and each year we report sustainability data to the exchange to demonstrate how we address environmental, social, and governance (ESG) topics. The certification is awarded to companies that demonstrate a commitment to market transparency and elevated standards within ESG.