Akelius Residential Property ABsustainability
The sustainability policy defines Akelius’ commitment to improving its sustainability performance.
- respect the rule of law and act in accordance with regulation
- conduct business with honor and integrity
- respect human rights
- policies
- targets
- business plans
- results
The double materiality analysis determines importance and impact.
The sustainability targets divides the company’s sustainability work into four pillars.
- environmental
- staff
- society and tenants
- governance
constantly improving
Akelius strives to constantly improve its sustainability performance.
Sustainability should be implemented in all business decisions and processes,
including acquisition, operations, sales, financing, tax, and all trainings.
- commits to reporting according to CSRD, EPRA Sustainability Guidelines, GRI Global Reporting Initiatives, and TCFD recommendations
- contributes to the United Nations Sustainable Development Goals
- shall be a signatory of the United Nations Global Compact
- shall be climate neutral by 2050
responsibilities
CEO owns the policy
The CEO owns the sustainability policy.
management develops the strategy
The CEO, and energy and sustainability lead are responsible for the sustainability strategy development.
The energy and sustainability lead implements sustainability actions on behalf of the company.
operations implement the strategy
- implementing and communicating the sustainability policy
- ensuring compliance with the sustainability policy
- reaching the regions', cities', and departments' sustainability targets
all staff are responsible for sustainability
- reading and understanding the policy
- implementing their work into action plans to achieve the sustainability targets
- reporting any behavior inconsistent with this policy
the Board approves and reviews the policy
The Board of Directors reviews and approves the sustainability policy and the targets annually.
Management reviews the sustainability targets quarterly.
The CEO, sustainability Board representative and the energy and sustainability lead interact annually with stakeholders to review the policy and targets.
reports
The sustainability report is integrated into the annual report from 2021.
UN Global Compact communication on progress
Akelius has reaffirmed its support of the Ten Principles of the United Nations Global Compact,
Akelius participation started back in March 2021.
Find the letter of commitment here.
Find the statement here.
targets
environmental
reduce energy and water consumption
- 15 percent reduction of energy intensity by 2025, based on 2020
- 100 percent renewable electricity purchased by Akelius by the end of 2025
- 10 percent reduction of water intensity by the end of 2025 based on 2020
- 20 percent of portfolio’s floor area certified by LEED, BREEAM, WELL, BOMA or other independent recognized organization by the end of 2030
- all owner-used Akelius offices certified by green building certification
decarbonize the company
- 42 percent reduction of carbon emissions scope 1 and 2 intensity by the end of 2030 based on 2020
- align with climate neutrality on reduction of carbon emission scope 1, 2 and 3 by the end of 2050
- investigate and implement one de-carbonization initiative per region by the end of 2025
reduce waste
- 15 percent increase of the proportion of waste recycled from properties by the end of 2025 based on 2022
social
staff
promote diversity and non-discrimination
- keep gender pay gap in managers at 10 percent by the end of 2025
- keep gender pay gap in staff, excluding managers, at 10 percent by the end of 2025
- keep the gender ratio between 40 and 60 percent
- all active staff trained on non-discrimination annually
have healthy and safe staff
- two or less percent annual sick leave rate
- zero fatality cases per year
- zero injury rate
- zero lost day rate
ensure an attractive working environment
- three education days per employee per year
- all staff trained on sustainability policy and targets annually
society and tenants
have healthy and safe tenants
- all buildings are health and safety inspected annually
- 10 percent reduction of incidents of non-compliance cases by 2025 based of 2022
governance
enhance business ethics and compliance
All active staff trained annually on
- the Code of conduct
- anti-corruption
- data protection
improve cybersecurity
- annual internal security audit on the company systems
- all active staff trained on cybersecurity annually
implement a sustainable supply chain
- all suppliers acknowledged the Supplier Code of conduct
- all suppliers prequalified according to Akelius sustainability requirements by the end of 2025
- audit the performance all tier 1 and high risk performance suppliers defined by Akelius according to sustainability requirements every two years
implement a sustainability strategy
- execute climate change risk assessment by 2023 and 2024 and revise it every three years
materiality
- undertake a double materiality assessment by the end of 2024
Find the sustainability targets here.