Climate Change Data

K-Fast Holding AB

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:111 metric tons of CO2 (Scope 1)
Scope 1 Emissions:111 tCO2e/year

ESG Focus Areas

  • Climate change
  • Social responsibility
  • Governance
  • Circular economy
  • Community engagement

Environmental Achievements

  • All electricity in K-Fastigheter’s properties derived from fossil-free production since 2019.
  • Water consumption in in-house produced buildings 20 percent lower than in acquired properties.
  • Concept buildings have, on average, 35 percent lower energy consumption than the Group’s acquired properties.
  • No breaches of environmental legislation or related regulations in 2020.

Social Achievements

  • No reported incidents of discrimination in 2020.
  • Collaboration with OV Helsingborg HK in a Handball School for all (HFA) for children in vulnerable areas.
  • Partnership with Dandelion for under-privileged children in South Africa.
  • Collaboration with Her House foundation to provide safe housing for women leaving shelters.

Governance Achievements

  • No reported cases of corruption in 2020.
  • Implementation of a Code of Conduct addressing sustainability, anti-corruption, business ethics, and a Whistleblower Policy.
  • Annual review of compliance with the Code of Conduct and other policies.

Climate Goals & Targets

Long-term Goals:
  • Create great homes that many people can enjoy; ensure buildings remain functional for many generations (estimated lifespan of 100 years).
Short-term Goals:
  • Double production of renewable energy compared to 2020 by end of 2023.
  • Use renewable energy to operate and heat vehicles, properties, and production plants; sell surplus energy by end of 2023.
  • Zero reported incidents of corruption by end of 2023.
  • All employees and hired staff to receive Code of Conduct training by end of 2023.
  • All employees and hired staff to have relevant training and experience for work assignments by end of 2023.
  • At least 80% of employees satisfied or very satisfied with K-Fastigheter as an employer by end of 2023.
  • At least 80% of surveyed tenants satisfied or very satisfied with their apartment, house and K-Fastigheter by end of 2023.
  • At least 80% of reported faults addressed within 24 hours by end of 2023.
  • Tenant turnover below 15% by end of 2023.
  • At least 80% of surveyed tenants satisfied or very satisfied with their neighborhood and K-Fastigheter’s support of tenants’ environmental initiatives by end of 2023.
  • More than 95% of properties’ electricity consumption from fossil-free energy sources by end of 2023.
  • Electricity consumption in K-Fastigheter’s offices and production plants sourced from photovoltaic cells/fossil-free energy by end of 2023.
  • All new Lateral Low-Rise and Apartment Block buildings to source electricity from photovoltaic cells by end of 2023.
  • Water consumption for total property holding reduced to match average for Group’s proprietary concept buildings by end of 2023.
  • Ten largest suppliers of construction materials reviewed from a sustainability perspective under K-Fastigheter’s updated Code of Conduct by end of 2023.
  • Cost associated with waste reduced by 10% compared to 2020 by end of 2023.

Environmental Challenges

  • High environmental impact of the construction and property industry.
  • Indirect emissions from suppliers (concrete manufacture, material transport).
  • Energy-intensive concrete production.
Mitigation Strategies
  • Using standardized processes in proprietary production facilities to reduce waste and emissions.
  • Using sustainable construction materials (wood frames for Low-Rise buildings).
  • Efforts to reduce the environmental impact of concrete production (reusing concrete, replacing with slag cement).
  • Installing photovoltaic cells on suitable properties (all new Lateral Low-Rise buildings and Apartment Blocks from Q2 2021).
  • New production facility in Hässleholm is self-sufficient in energy from renewable sources.

Supply Chain Management

Responsible Procurement
  • Updated Code of Conduct; review of ten largest suppliers of construction materials from a sustainability perspective.

Climate-Related Risks & Opportunities

Opportunities
  • Minimizing energy consumption; using renewable energy sources.

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 14001:2015 (Finja Prefab AB)

UN Sustainable Development Goals

  • Goal 3
  • Goal 5
  • Goal 7
  • Goal 8
  • Goal 11
  • Goal 12
  • Goal 13
  • Goal 15

K-Fastigheter focuses on SDGs where they believe they can achieve the best results and which are relevant to the company’s stakeholders.