Akelius Residential Property ABsustainability
The sustainability policy defines Akelius’ commitment to improving its sustainability performance.
- respect the rule of law and act in accordance with regulation
- conduct business with honor and integrity
- respect human rights
- policies
- targets
- action plans
- results
The materiality analysis determines importance and impact.
The analysis divides the company’s sustainability work into four pillars and twelve areas with specified targets.
- environment
- staff
- society and tenants
- governance
constantly improving
Akelius strives to constantly improve its sustainability performance.
Sustainability should be implemented in all business decisions and processes,
including acquisition, operations, sales, financing, tax, and all trainings.
- commits to reporting according to EPRA Sustainability Guidelines, GRI Global Reporting Initiatives, and TCFD recommendations
- contributes to the United Nations Sustainable Development Goals
- shall be a signatory of the United Nations Global Compact
- shall be climate neutral by 2050
responsibilities
CEO owns the policy
The CEO owns the sustainability policy.
management develops the strategy
The CEO, CFO, and Head of Sustainability and Energy are responsible for the sustainability strategy development.
The Head of Sustainability and Energy implements sustainability actions on behalf of the company.
operations implement the strategy
- implementing and communicating the sustainability policy
- ensuring compliance with the sustainability policy
- reaching the regions', cities', and departments' sustainability targets
all staff are responsible for sustainability
- reading and understanding the policy
- implementing their work into action plans to achieve the sustainability targets
- reporting any behavior inconsistent with this policy
the Board approves and reviews the policy
The Board of Directors reviews and approves the sustainability policy and the targets annually.
Management reviews the sustainability targets quarterly.
The CEO, CFO, and Head of Sustainability and Energy interact annually with stakeholders to review the policy and targets.
reports
The sustainability report is integrated into the annual report from 2021.
UN Global Compact communication on progress
Akelius has reaffirmed its support of the Ten Principles of the United Nations Global Compact.
Find the statement here.
targets
environment
reduce energy and water consumption
- 15 percent reduction of energy consumption in like-for-like portfolio by 2025, based on 2018
- 15 percent reduction of energy intensity in absolute portfolio by 2025, based on 2018
- 100 percent of electricity from renewable generation or procurement of renewable or recycled sources in absolute portfolio by 2025
- 10 percent reduction of water consumption in like-for-like portfolio by 2025, based on 2018
- 5 percent of the property value certified by LEED, BREEAM, WELL or other independent recognized organization by 2030
- 10 percent of new acquisitions certified by LEED, BREEAM, WELL or other independent recognized organization by 2030
decarbonize the company
- 40 percent reduction of carbon emissions scope 1 and 2 in absolute portfolio by 2025 based 2018
- publicly disclose scope 3 emission by 2021
- 100 percent reduction of carbon emission scope 1, 2, and 3 by 2050
- 10 percent of investment projects do a life cycle assessment by 2025
use sustainable materials and reduce waste
- 90 percent of all components and construction materials pass a sustainability assessment by 2023
- 5 percent increase of the proportion of waste recycled from properties, offices, and construction by 2023 based on 2021 in absolute portfolio
social
promote diversity and non-discrimination
- 100 percent gender pay rate in managers by 2025
- 100 percent gender pay rate in staff by 2025
- all active staff trained on non-discrimination policy annually
have healthy and safe staff
- 2 or less percent annual sick leave rate
- 0 fatality cases
- 0 injury rate
- 0 lost day rate
ensure an attractive working environment
- 12.5 or less percent staff turnover rate per year,
excluding effects from disposing parts of the operations - less than 9 percent
voluntary staff turnover rate per year - internal training 10 days per employee per year
- all staff attend
sustainability training module annually
have healthy and safe tenants
- all buildings environment, health, and safety inspected annually
- 10 percent reduction of all buildings' environment, health, and safety incidents of non-compliance cases by 2022 based on 2021
- 10 percent increase of customer satisfaction by 2023 based on 2021, measuring move-in feedback
governance
enhance business ethics and compliance
- all active staff members trained on Code of conduct annually
- all active staff members trained on anti-corruption annually
- all active staff members trained on the new whistle blower procedure annually
- achieve third party assurance of the sustainability report by 2022
- execute a sustainability risk assessment by 2021
- execute climate risk assessment by 2021
- be a signatory of United Nations Global Compact
- assess current tax transparency against real estate reporting standards and identify improvement potentials, disclosure according to GRI 207
- have 3 percent of properties eligible for financing by green bonds by 2021
improve digitalization and cybersecurity
- keep cybersecurity up to date
- annual internal security audit on the company systems
- all active staff trained on cybersecurity program annually
implement a sustainable supply chain
- all suppliers acknowledged Code of conduct by 2021
- all suppliers prequalified according to sustainability requirements by 2022
- all suppliers assessed according to tendering sustainability requirements by 2023
- annually audit 50 percent of all suppliers' performance according to sustainability requirements by 2022
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