Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental responsibility
• Social responsibility
• Governance & reporting

Environmental Achievements

• 82% of Cibus’s property area is leased to anchor tenants with stated ambitions to reduce the overall climate footprint or to achieve climate neutrality by 2030. Several have set climate goals compatible with the Paris Agreement’s 1.5°C goal.
• By the end of Q1 2023, tenants had invested in solar panels on the roofs of 42 properties in Finland. Cibus also installed solar panels at one property and is planning additional installations.
• At the end of Q1 2023, a total of 43 properties had solar panels, generating electricity equivalent to the consumption of about 2,503 apartments or driving more than 25 million kilometers in an electric car. Annual CO2 reduction is about 660 tCO2.
• LED lighting replacement in several properties in Sweden and Finland, resulting in major energy savings.
• Transitioning to green district heating where available and analyzing alternative heating methods (geothermal, heat recovery).

Social Achievements

• Cibus offers accessible marketplaces and maintains an ongoing dialogue with anchor tenants about improving people’s security and needs (transport, services).

Governance Achievements

• Established a Code of Conduct and Sustainability Policy based on the UN Global Compact’s ten principles.
• Maintains a whistle-blower function since 2019.
• Reports on sustainability through EPRA sBPR.

Climate Goals & Targets

Environmental Challenges

• Main greenhouse gas emissions occur in Scope 3 (tenant-controlled heating and electricity consumption where Cibus lacks operational control).

Mitigation Strategies

• Facilitating tenants’ investments in renewable energy and making own investments in green energy sources.
• Setting ambitious targets to substantially reduce the climate footprint.
• Engaging with tenants to encourage their adoption of renewable energy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: EPRA sBPR, UN Global Compact

Certifications: Null

Third-party Assurance: ICS (for second opinion on Sustainability-Linked Finance Framework)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate change
• Social development
• Business ethics

Environmental Achievements

• Commissioned first larger-scale solar facility in Charlottenberg
• Purchased electricity was 99% fossil-free
• CO2- emissions per m2 (like-for-like) decreased by 11%
• Properties with solar panels increased to 43 (9% of total)

Social Achievements

• Zero sick leave and work-related accidents
• High employee satisfaction (eNPS)
• Annual wellness allowance for employees
• Supported those affected in Ukraine with financial contributions equivalent to SEK 2 million

Governance Achievements

• Received “Silver” distinction in 2022 EPRA sBPR assessment
• No incidents of bribery or corruption
• Implemented a new purchasing policy with environmental requirements

Climate Goals & Targets

Environmental Challenges

• Rising interest rates and increasing inflation
• Russia's war of aggression in Ukraine causing unrest throughout the global economy
• Potential for cost increases not compensated by lease regulation
• Need for increased investment in properties to manage climate transition and secure future financing

Mitigation Strategies

• Refinanced all bank loans with essentially unchanged margins
• Interest hedged all senior loans with derivatives, swaps or fixed interest
• Adjusted dividend to a long-term sustainable level
• Active and ongoing maintenance to retain and improve properties’ standard
• Continuous work with efficiency improvement in property management
• Long-term maintenance planning for properties
• All properties insured against damage
• Processes implemented to manage environmental risks and climate transition

Supply Chain Management

Supplier Audits: Regular assessments of suppliers against Code of Conduct

Responsible Procurement

• Green purchasing policy prioritizing suppliers with active environmental work

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather phenomena
• Chronic changes such as higher average temperatures and sea level rise

Transition Risks

• Carbon dioxide taxes, regulations leading to higher energy costs
• Higher property costs due to more expensive material costs
• Changed consumption patterns among end-consumers
• Higher financing costs due to investors’ need for green financing

Opportunities

• Cheaper financing for companies adapting operations to changed conditions

Reporting Standards

Frameworks Used: EPRA sBPR, UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 11 (Sustainable cities and communities)
• Goal 13 (Climate action)
• Goal 12 (Responsible consumption and production)

Cibus's initiatives contribute to these goals through energy efficiency improvements, sustainable marketplaces, climate-neutral operations, and responsible procurement

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Silver distinction in 2022 EPRA sBPR assessment

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainability
• Energy Efficiency
• Responsible Partnerships

Environmental Achievements

• Reduced CO2 emission intensity in the property portfolio from 23.9 kg/m2 in 2022 to 21.2 kg/m2 in 2023.
• Achieved 100% fossil-free origin-labelled electricity in all purchased energy; 92% fossil-free heating.
• Installed solar panels on 46 properties, generating 5,192 MWh annually and reducing emissions by 680 tCO2.
• 83% of property area leased to tenants with stated climate ambitions.

Social Achievements

• No incidents of bribery or corruption reported.
• Reporting in accordance with EPRA sustainability best practice.

Governance Achievements

• Compliance with national and international laws and regulations, UN Global Compact principles, UN SDGs, and other international conventions.
• Membership in the European Public Real Estate Association (EPRA).

Climate Goals & Targets

Environmental Challenges

• 8% of heating energy still not fossil-free.
• Scope 3 emissions remain a significant portion of the carbon footprint.

Mitigation Strategies

• Investment plan established for further solar panel installations.
• Ongoing sustainability discussions with tenants to support their climate initiatives.
• Continuous upgrading of existing properties to higher energy classes.

Supply Chain Management

Responsible Procurement

• Prioritising suppliers and partners pursuing active environmental work.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: EPRA, UN Global Compact, Science Based Targets initiative (SBTi)

UN Sustainable Development Goals

• UN Sustainable Development Goals (SDGs)