As a long-term property owner, Balder strives to take social, environmental and financial responsibility.
The climate goal means that Balder will halve the emissions in its own operations by 2030 with 2020 as the base year, and measure/reduce the emissions in the value chain. Balder has also set a goal of achieving net zero emissions throughout the value chain by 2045. To achieve the goals, the company will, among other things, increase the pace of energy efficiency projects, continuously reduce the amount of energy purchased and take several measures to increase the sustainability of property development projects.
Other activities include purchasing eco-labeled district heating and continuously replacing the vehicle fleet with fossil-free vehicles. Balder has also signed the Science Based Targets Initiative with the aim of getting science-based goals approved. The Science Based Targets Initiative is a framework for companies to set science-based climate goals that are in line with what is required to meet the objectives of the Paris Agreement.
By joining the initiative, Balder has begun work on getting the company's climate goals verified and approved. Balder also formally expresses his support for the Task Force on Climate-Related Financial Disclosures (TCFD) and will continue the work of mapping and managing financial risks and opportunities linked to climate change.
Global sustainability goals
Balder works to help achieve the UN's Global Sustainability Goals and has selected six of the 17 goals that are judged to be most relevant and where the company has the greatest opportunity to influence. To further link these to the business, the underlying sub-goals have also been analyzed. Balder has interpreted goals and sub-goals to identify the areas where the company has the greatest opportunity to contribute to the goals being met.