Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Governance
• Biodiversity
• Human Rights
• Community Development

Environmental Achievements

• Joined UN Global Compact in 2019
• Aiming for fossil-free operations by 2030 and 100% renewable electricity by 2021

Social Achievements

• Focus on creating pleasant living environments for customers and a safe work environment for employees
• Target of at least 1% of apartments for social lease contracts

Governance Achievements

• Integrated sustainability issues throughout operations
• Managers and management teams at all levels responsible for considering sustainability in decision-making

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Conduct for Business Partners (signed by all new, centrally procured suppliers and contractors since 2019)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 5: Gender equality
• Goal 8: Decent work and economic growth
• Goal 10: Reduced inequalities
• Goal 7: Affordable and clean energy
• Goal 11: Sustainable cities and communities
• Goal 13: Climate action
• Goal 15: Life on land
• Goal 17: Partnerships for the goals

Heimstaden has linked its sustainability targets to most of the UN's Sustainable Development Goals.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate change
• Social responsibility
• Governance
• Employee well-being
• Community engagement

Environmental Achievements

• Established a new Energy Management function with a three-year strategy to optimize energy use and reduce climate footprint.
• Committed to setting science-based emission reduction targets according to the Science Based Targets initiative (SBTi).
• Submitted first CDP report, receiving a C score for climate change actions.
• Conducted first Scope 3 assessment.
• Sustainability improvement projects in over 2,000 apartments in the Czech Republic.

Social Achievements

• Launched the “Hello, you are not alone” initiative in the Czech Republic to support senior citizens.
• Provided apartments for Covid-19 relief efforts in Ostrava, Czech Republic.
• Launched the “We think of you” project in the Czech Republic, supporting healthcare workers.
• Introduced open-ended rental contracts in Norway.
• Partnership with SOS Children’s Villages called A Home for a Home.

Governance Achievements

• Heimstaden Bostad received a credit rating upgrade by S&P Global Ratings to ‘BBB’ with a stable outlook.
• Improved ESG risk rating from Sustainalytics, placing Heimstaden Bostad in the top 7 percent of its industry group.
• Established a Green Bond Framework for Heimstaden Bostad, receiving an Excellent green bond governance structure rating.

Climate Goals & Targets

Environmental Challenges

• Differences in national policies and climate focus across markets.
• Covid-19 pandemic impacting operations and employee training.
• Competition from international investors impacting prices and yields.
• Short-term uncertainty from rent regulations in some markets.
• Limited access to energy data in some markets due to customer contracts.

Mitigation Strategies

• Established a Covid-19 Task Force.
• Adapted to new ways of working, including remote work and digital platforms.
• Developed alternative sourcing strategies.
• Focus on long-term fundamentals and attractive relative pricing.
• Building local sustainability organizations and centralized functions.

Supply Chain Management

Responsible Procurement

• Code of Conduct for Business Partners
• Sustainability self-assessment for suppliers in Nordic countries.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Flooding
• Heat waves
• Droughts
• Rising sea levels

Transition Risks

• Regulatory changes
• Market shifts
• Increased cost of CO2 emissions

Opportunities

• Development of energy-efficient products
• Renewable energy investments
• Public funding opportunities

Reporting Standards

Frameworks Used: GRI, TCFD

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Social Responsibility
• Human Rights

Environmental Achievements

• Committed to the Science Based Targets initiative (SBTi) and set new sustainability targets to reduce greenhouse gas emissions in line with the 1.5°C ambition of the Paris Agreement.
• Completed insulation projects on nearly 1,400 apartments, reducing CO2 emissions by a total of 980 tonnes.
• Heimstaden Bostad received a B score by CDP on its Climate Change index, a two-step climb from 2020.

Social Achievements

• Launched ‘A Home for A Home’ partnership with SOS Children’s Villages, providing help to more than 20,000 children in 22 countries.
• Increased the number of social lease contracts with close to 400 new ones.
• Won the 2021 Governor’s Award for Social Responsibility in the Moravia-Silesia region.

Governance Achievements

• Heimstaden AB received a BB+ credit rating with stable outlook from Fitch Rating.
• Heimstaden Bostad received a ‘BBB’ credit rating from Fitch Ratings and Standard & Poor’s.
• Implemented Workday, a common platform for people data and processes.

Climate Goals & Targets

Environmental Challenges

• Increased energy use and CO2 emissions in 2021 due to a warmer 2020 and significant portfolio growth.
• Uncertainty in the quality of energy data in Germany and the Netherlands due to manual data collection.
• Data coverage limitations in Germany and the Netherlands.

Mitigation Strategies

• Implementation of climate roadmap to reduce energy use and CO2 emissions.
• Implementation of new digital solutions to improve data quality.
• Increased the group sustainability team with two new members.
• Assembled a Group Sustainability Council.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Conduct for Business Partners
• Supplier sustainability requirements

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (flooding, drought, heatwaves)
• Ecosystem collapse
• Sea-level rise
• Forest fires

Transition Risks

• Regulatory changes
• Market shifts
• Increased energy costs
• Emission reduction requirements

Opportunities

• Development of energy-efficient products
• Renewable energy investments
• Public funding opportunities for transition projects
• Innovation in sustainable products and services

Reporting Standards

Frameworks Used: GRI Standards Core, TCFD, UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 2021 Governor’s Award for Social Responsibility (Moravia-Silesia region)