Bravida : Annual and Sustainability Report 2021.pdf

Annual Report and Sustainability Report 2021

Bravida provides all the technical functions that bring buildings to life. Through well-functioning and resource-efficient properties, we want to help our customers make the transition to a more sustainable society. Here are some examples of how we contribute.

1. Automation makes for energy-efficient buildings With automation, we create efficient control and regula-tion of technical systems in buildings and industries. The goal is optimal reliability and use of resources.

3. Well-functioning housing and facilities where people thrive

2. Technical Facility Management - effective property management

Bravida ensures that homes function properly - through-out the entire lifecycle of the property. We take care of electricity, HVAC, but also energy recovery, elevators, computer networks and fire and security systems.

5. Solar panels for everyone Interest in renewable energy has grown significantly in recent years. Bravida helps both private customers and companies with the instal-lation and service of solar energy systems.

7. Geothermal heating provides energy-efficient heating

9. Future infrastructure projects

We install geothermal heating systems that utilise the stable temperature of groundwater to produce heating and hot water.

Bravida works with electri-cal, ventilation and sprinkler systems in large infrastruc-ture projects, including road tunnels and above-ground and underground railway technology.

11. Smart energy recovery Process cooling, for exam-ple in an ice rink, generates heat. We help customers reuse heat - for example, to heat swimming pools or homes.

A modern building has many installations that need to operate energy efficiently and without interruption. For larger customers, Bravida can take full responsibility for maintenance, with a focus on technical services.

4. Energy efficient industry Bravida offers technology solutions for industries, including installation, mainte-nance and energy effi-ciency. We have extensive experience from installation assignments in industrial environments with ongoing production.

6. Comprehensive solution for electric car charging Electric cars are growing in number - so good charging facilities are needed. Bravida offers property owners, businesses and private individuals convenient and safe charging solutions for vehicles.

8. Simple energy improve-ments in buildings

Our service technicians will help you, the customer, to identify simple energy-sav-ing measures. For example, replacing old heat pumps, water taps, ventilation units or lighting with new energy-efficient alternatives.

10. Service-reliable hospitals

Hospitals are examples of buildings with some of the highest concentrations of installations. Bravida ensures that the technical systems interact and meet high standards of security and functionality.

12. Secure security systems We offer security systems and integrated end-to-end solutions for entry control, video surveillance, burglary and fire protection.

Bravida 2021

Orestad, Denmark. Photo: Oliver Foerstner/Shutterstock.com

➀

Introduction

➃

Sustainability at Bravida

04.	This is Bravida	46. Bravida's contribution to
08.	The year in brief	sustainable development
10.	Message from the CEO	48. Climate impact, energy and
12.	Targets and outcomes	use of resources

➁

Customer offering & market

• 16. Bravida's customer offering

• 22. Market trends

• 24. The Nordic service and installation market

• 26. Bravida's market position

• 28. Local markets

➂

Strategy & business

• 32. Vision, strategy & mission

• 34. Employees - the key to Bravida's future

• 36. Integrated leadership

• 38. How we work to generate profitable organic growth

• 40. Acquisitions are an important element of our strategy

Production, text and design:

• 52. Bravida's social responsibility

• 56. Conduct and supply chain

• 58. Governance, monitoring and developement of work on sustainability

• 62. Sustainability metrics

• 64. Reporting on the EU green investment taxonomy

• 65. Bravida's sustainability work - in summary

➄

Annual Report

• 68. Message from the CFO

• 69. Five-year overview

• 70. Bravida shares

• 73. Directors' report

• 82. Financial statements

• 90. Notes

• 121. Signatures of the Board of Directors

• 122. Audit report

• 126. Corporate governance report

• 132. Board of Directors

• 133. Group management

• 134. Alternative key ratios

• 135. Definitions

• 136. Bravida's history

Korp Kommunikation AB

Photo:

Liza Simonsson (front cover, pages 19, 39)

Petter Karlberg (pages 11, 14, 55, 70)

Emil Nordin (pages 18, 22-23, 38, 42)

Lisbeth Hjorslev (page 24)

Peter Cederling (pages 30, 34, 51, 66-67)

Magnus Liam Karlsson (page 41)

The Annual Report is prepared in Swedish and translated into English. Should differences occur between the Swedish Annual Report and the English translation, the Swedish version shall prevail.

Good today - even better tomorrow

Society is changing and Bravida is a part of the change.

We are the Nordic region's leading provider of climate- smart end-to-end solutions for electrical systems, heating and plumbing, ventilation and other technical functions in buildings and facilities.

We help clients create well-functioning environments where people thrive and can live sustainably. Our long-term goal is to be carbon-neutral throughout our value chain by 2045, so that our customers can be as well.

Bravida has 12,000 employees and branches in 172 locations across the Nordics, with annual sales of SEK 22 billion. Bravida shares are listed on the Nasdaq OMX Large Cap in Stockholm.

Welcome!

This is Bravida

Ventilation 17%

Övriga 9%

Our vision

Bravida is the Nordic region's leading provider of end-to-end solutions for the service and installation of electrical, heating and plumbing, security and other technical functions in buildings and facilities.

Bravida helps customers develop the full potential of their properties. Through service and installation, we bring buildings to life - and lead the way towards a sustainable and resilient society.

What we do

Bravida helps customers create climate-smart technical solutions for buildings and facilities. We ensure the technology functions cohesively throughout the life cycle of the property - planning, installation and service.

Breakdown by technical area ■ 44% Electrical ■ 30% Heating & plumbing ■ 17% HVAC ■ 9% Other

Our locations

Local presence and proximity to customers are crucial to Bravida's business. Customers can find us in 172 locations in Sweden, Norway, Denmark and Finland.

How we help our customers

Customer groups ■ 37% Construction companies

Sales by project size

■ 13%

>SEK 50 million

• ■ 18%

  We bring buildings to life.

  Bravida helps customers make their properties better and more cost- and resource-efficient. Our technological solutions are energy-efficient and long-lasting. Through regular mainte-nance, we ensure everything works as intended - 24/7, all year round.

• ■ 16%

• ■ 12%Other commercial Public sector Industry

  ■ 20% SEK 10-50 million

  • ■ 26% SEK 1-10 million

  • ■ 41% SEK 0-1 million

• ■ 14%

• ■ 3%

Real estate agencies Private individuals

24/7

65,000

365 days a year

Customers

The types of facilities we mainly work on

ElectricalHeating & plumbingHVACBuilding automationCritical power

Electric car chargingEnergy optimisa-tion

PowerCoolingSolar panelsSprink-lersSecurityTechnical

Facility Management

47%

53%

12,000

16% 18% 12% 11%

8%

7%

Service

Installation

Employees

Offices

Health and social careEducationInfrastructure

➀INTRODUCTION	CUSTOMER OFFER & MARKET
Teknikområden	Andel av Bravidas verksamhet, %
El	44%
Vs	30%

Over a third of the Nordic countries' carbon emissions come from the constructionand real estate sector

Living sustainably is one of the greatest challenges of our time. The places where everyday life is happening currently account for a large part of the world's climate and environmental impact. Homes, workplaces, schools, hospitals, shops and transport - they all have an impact. But that also means that good buildings can make a differ- ence. That's why Bravida exists.

2030

-55%

Through our services, we aim to help customers cut emissions by 55% by 2030, compared to 2020 levels.

*Source: Nordic Council of Ministers

With comprehensive service and instal-lation solutions, we help our customers create well-functioning buildings in which people thrive and can live sustain-ably. Our size and commitment allow us to lead the way in our industry.

*

Read more about it in Bravida's Sustain- ability Report on page 45.

2045

CO2 =0

The long-term goal is to be carbon-neutral throughout our value chain by 2045, so that our customers can be as well.

⊕ How Bravida contributes to the

UN's Sustainable Development

Goals

Climate impact, energy and use of resources

We help customers reduce their environmental and carbon footprint

Regular service

Simple energy improvements

Energy optimisation

New energy solutions

Building automation

Sustainable material choices

We are transitioning our own operations

• • We are switching to renewable electricity in the properties we rent

• • Switching to climate-smart transport and fossil-free fuels

• • We improve materials use, waste management and recycling

Social responsibility

• • We're building a team in which employees feel safe, thrive and develop

• • We put health and safety first

• • We invest in leadership and diversity

Conduct and supply chain

• • We train all employees in sustain-ability and our Code of Conduct

• • We improve the qualification and assessment of our suppliers