SUSTAINABILITY

As a long-term property owner, Balder strives to take social, environmental and financial responsibility, and continuously improve the company's sustainability-related activities.

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 more than half (55%) 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. These assessments provide an independent review of our performance in the areas of environment, social responsibility and governance, and show how we perform in relation to industry peers using different methodologies and rating scales.

In 2025, Balder maintained its BBB rating from MSCI and improved its Sustainalytics score to 14.7 (from 14.9), placing the company well within the low-risk category. During the year we have also begun reporting to S&P Global and received a CSA score of 47/100, which is above the average for comparable companies. In addition, Balder is expected to receive our first official rating from CDP for the 2025 financial year.