As the first property company in Sweden, Kungsleden has adopted the target to become climate positive across its value chain by 2035, and has set and an interim target to become climate positive in property and facility management by 2025.
“By adopting these targets, we want to greatly intensify the pace of our climate efforts and assume responsibility for driving the transition towards a long-term sustainable society,” says Biljana Pehrsson, CEO of Kungsleden.
Kungsleden will focus on three areas to achieve these targets: reduce emissions throughout operations, promote innovation for neutral and negative emissions and quality assurance of carbon offsetting measures.
The Board having adopted new targets as part of our sustainability strategy, Kungsleden will join the Science Based Target (SBT), an initiative where companies report and are scrutinised to ascertain whether their climate targets are in line with global warming of between 1.5°C and 2.0°C.
“We will now prepare an action plan that will review in detail how we can achieve the target. This is the major challenge of our time but as long as we work deliberately and effectively we will succeed. I am convinced that this will strengthen Kungsleden’s competitiveness and offer us economic benefits, such as a reduction in energy costs in our properties and material costs in our projects through re-use. Moreover, it offers us an opportunity to reduce our financial expenses through an increased share of green financing,” says Erik Florman, Head of Sustainability at Kungsleden.
Kungsleden has already made significant progress towards achieving the targets by purchasing 100 per cent renewable electricity, by electrifying its vehicle fleet for operating staff and through investments in solar panels and in energy efficiency measures.
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About Kungsleden. We are people that create places and experiences for people. By developing and managing attractive and sustainable places, we offer people a better and more inspiring work experience. We are a long-term property owner focused on commercial properties in Sweden’s growth regions. As of 30 September 2020, we owned 211 properties with total value of SEK 39,872 million. Kungsleden (KLED) is listed on the Nasdaq Stockholm Large Cap. Read more at www.kungsleden.se