Fastighets Balder : Positive development of Balder's ESG risk rating

Balder's ESG risk rating from Sustainalytics has been updated to 13.8, which places the company well within the low risk section.

Sustainalytics' ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks. The analysis shows that Balder performs well in relation to peers for example when it comes ESG governance and reporting.

As a long-term property owner, Balder strives to take social, environmental and financial responsibility and to constantly improve the company's sustainability-related activities. Balder recently updated its climate goals in line with the Paris Agreement and the 1.5-degree goal. The climate goal means that Balder will halve emissions in its own operations by 2030, as well as measure and reduce emissions in the value chain. Balder has also set a goal of achieving net zero emissions throughout the value chain by 2045 and has signed Science Based Targets with the aim of getting science-based goals approved.

To further increase transparency and reporting, Balder has also formally expressed its support for the Task Force on Climate-related Financial Disclosures and will continue the work of mapping and managing financial risks and opportunities linked to climate change.

For more information, please contact:
Camilla Holten, Head of Sustainability, tel. [phone]
Eva Jonasson, Press Information Officer tel. [phone]

Sustainalytics, a Morningstar company, is a leading independent ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies. For more information, visit www.sustainalytics.com.

Science Based Targets is a framework for companies to set science-based climate goals that are in line with what is required to meet the goals in the Paris Agreement. By joining the initiative, Balder has begun work on getting the company's climate goals verified and approved.