SUSTAINABILITY

Balder’s sustainability work is based on global sustainability goals and international frameworks for sustainable development, including the United Nations' Sustainable Development Goals (SDGs), the Global Compact and the Task Force on Climate-related Financial Disclosures (TCFD). We have also set a science-based climate target in line with the Paris Agreement, which has been validated by the Science Based Targets initiative (SBTi).

Material topics

We have selected six of the global sustainability goals and also prioritise activities that can reduce the company’s risks in issues of social, climate, environmental as well as financial sustainability. Through Balder's sustainability framework, we have identified a number of material topics and goals, making our work more concrete.

Balder also has a framework for green and social financing. The purpose is to fund projects that contribute to reduced environmental impact, and the company’s ambition is to increase the proportion of green financing.

High climate goals

During 2024 Balder’s climate goals were validated by the Science Based Targets initiative (SBTi). In brief, the goals state that we shall:

• Reduce emissions in our own operations by half and measure and reduce indirect emissions in the value chain (Scope 3) by 2030, with 2022 as base year.
• Achieve net-zero emissions throughout the entire value chain by 2045.

Low ESG risk

Balder’s sustainability work is continuously evaluated by several of the world’s most established ESG analysis companies, and the analyses show that Balder performs in line with comparable companies.

Balder has a Sustainalytics rating of 14.3 (14.9) and a BBB rating from MSCI. In 2025, we also began reporting to S&P Global and obtained a CSA score of 47/100, and for the first time received an official CDP result – a score of C.