Governance

Sustainability is integrated in Balder’s day-to-day operations and is governed by the general sustainability policy and the Code of Conduct.

The Code of Conduct and related policies are based on international guidelines such as the UN Global Compact’s principles for human rights, labour, the environment and anti-corruption, the UN Guiding Principles on Business and Human Rights, the ILO’s Core Conventions and the OECD’s Guidelines for Multinational Enterprises. These policies interact with the company’s business concept, goals and other policies for governing the company in a way that is sustainable in the long term. The sustainability policy includes the company’s environmental policy.

Balder tries as far as possible to contribute to a positive development in a wider perspective than just in the company’s own operations, by such means as imposing requirements on suppliers and developing sustainable urban districts and areas.

Management and development of properties, just like all business activity, is associated with risks and these must be handled responsibly and in a controlled manner. Balder works continually on identifying and reducing the risks that can impact operations. Handled in the right way, risks can generate opportunities and create value.

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

Whistleblowing

Balder's goal is to maintain a culture characterized by openness and to be a long-term, responsible actor with high business ethics. It is important to us that irregularities and misconduct are noticed and investigated as early as possible. That could, for example, be issues concerning financial crime, abuse of position, serious harassment, corruption, environmental breaches or the like.

We urge everyone; both employees, customers, suppliers and other partners, to speak up in case of suspected violations of the code of conduct or other policies.

In case of suspected violation

There are several ways to report violations and also the option to report completely anonymously via our external whistleblower service at Qnister. Balder does not tolerate any form of retaliation against anyone who has reported a suspected violation in good faith.

You can report in the following ways:

• Fill out the web form on  https://whistle.qnister.com/balder
• Leave your report by phone on +46 363300740
• Book a personal meeting with an independent contact person at Qnister on +46 363300741