Sustainability

Sustainability

We want to make a positive contribution to the development of society

Slättö will make a positive contribution to the development of society by developing, refining and managing sustainable properties that have a limited impact on the climate and the earth's ecosystem, that create safe and healthy environments and that motivate tenants to contribute to a more sustainable world.

Conducting integrated sustainability work places high demands on us as a company. From the idea stage, through the decision-making process, towards the completion of projects, under management and further towards possible divestment; sustainability aspects are taken into account throughout our value chain. Through our funds, we build, refine and manage properties that create communities and places for the future.

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We support the UN Global Compact

Slättö Förvaltning AB has signed the UN Global Compact. For us, it is a matter of course to work for the ten principles regarding human rights, working conditions, the environment and anti-corruption through responsible business. During the year we will conduct our first Communication on progress.

Slättö's code of conduct and our code of conduct for suppliers are based on the UN Global Compact's ten principles.

A PRI

Slättö Förvaltning AB has joined UN PRI and thus we commit to integrating the six principles regarding responsible investments and annually reporting the results of the work.

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  • Slättö shall take environmental, social and corporate governance aspects into account in investment analyzes and decision-making processes.
  • Slättö must be an active owner and include ESG factors in ownership policy and processes.
  • Slättö shall strive to provide open and adequate reporting on ESG issues.
  • Slättö shall work to ensure that PRI is accepted and implemented by other investors and players.
  • Slättö will collaborate with other actors to make the implementation of PRI more efficient.
  • Slättö shall annually report and report on how the work with liability issues is implemented

Our agenda

Stakeholder groups that participated in the materiality analysis 

Investor
Financiers
Advisor
Owner
Tenants
Suppliers
Board of Directors
Our team
Management
Municipalities
Partners

Our agenda

- Slättö through sustainable development

In 2020, a more comprehensive screening of the sustainability area was carried out in order to identify significant sustainability areas for Slättö's continued sustainability work. The materiality analysis was performed by analyzing external factors, internal analyzes to ensure that all business areas were included and taken into account and through dialogue with all the company's stakeholder groups, partly through individual meetings and partly through a web-based survey.

Based on the materiality analysis and the prioritized sustainability issues, Slättö has defined three main areas that form the basis for ensuring Slättö through sustainable development. Our agenda creates a whole of the responsibilities we have and our work today and in the future.

Climate Environment

Environment & Climate - We all face a huge challenge in limiting global warming. During the year, awareness of the climate issue and the desire to change has gained a real foothold, the sense of responsibility has expanded and understanding has increased. Slättö, whose investments are made in developing, refining and managing properties, bears a great responsibility in that conversion. The need and demand for more housing remains high, in 2020 there was a housing shortage in three quarters of the country's municipalities.

We at Slättö will continue to make a positive contribution to urban development through sustainable development of properties that meet today's needs without jeopardizing future generations' opportunities to meet theirs. Slättö will actively work with the transition and strive for a climate-neutral business. Investments are assessed on the basis of climate and environmental aspects in order to identify and promote materials, constructions and installations with a lower impact on the climate and the environment.

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On Slättö - The combined competence that Slättö possesses through our employees constitutes a large part of the company's success. For Slättö, it is of the utmost importance that our workplace is characterized by an inclusive and developing culture where differences must be taken into account and promoted. We at Slättö must never compromise with the high business ethics on which the business is based and all work we do must aim for high transparency and pride. We are completely convinced that well-being and performance go hand in hand, offering employees a far-reaching wellness program creates conditions for both private and occupational health.

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Cooperation - In the daily work, we collaborate with many different actors, it is everything from daily contact with our tenants to contract suppliers and financiers. Our suppliers and partners play a significant role in our sustainability work. Together, we will create the conditions for a sustainable value chain by feeling responsible outside the direct business. We know that we have a great opportunity to influence, partly through close collaborations and clear requirements when it comes to suppliers, and partly by creating conditions for our tenants to operate, live and live in prosperous and safe environments.

To Our Agenda sub-areas are linked with objectives in order to be able to clearly follow up the work, take improvement measures at an early stage and identify opportunities and challenges. The objectives have been linked to a selection of the UN's global goals.

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Environment & Climate
- How do we affect?

Carbon dioxide emissions
Circularity
Energy efficiency

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On Slättö
- How do we work?

Safe and inclusive workplace
Competence development
Gender equality and diversity

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Cooperation
- How do we interact with the world around us?

Business ethics and transparency
Sustainable supply chain
Sustainable city development

Slättö's sustainability work is and must be integrated into the daily work that takes place in all business areas. To ensure this, frameworks and guidelines are adopted and adopted by the company's board annually. Our investments must be based on well-founded decisions by weighing sustainability criteria and significant sustainability risks in order to ensure long-term value development.

Reference project

Slättö is involved and contributes to sustainable cities

The future is created here!

Slättö is part of the realization of transforming Norrtälje Harbor from an old industrial area to a marine meeting place where sustainability is in focus. During the first part of 2021, the Rödalen project will begin. The project's overall goal and purpose is to achieve the least possible environmental and climate impact during construction, such as during the property's life cycle.

In the project, the environmental and climate impact has been taken into account in terms of materials and construction in order to reduce the footprint. This is done by material selection to promote long-termism, increase the proportion of use of local resources and enable closed cycles. The property is designed in accordance with Miljöbyggnad Silver, which in addition to environmental requirements takes into account social aspects in the form of noise level, indoor climate during the summer and winter months and daylight. Renewable energy will be produced locally by mounting solar cells on roofs. The energy created there will be able to be used to charge electric vehicles or partially supply the property with household electricity.

For the tenants, cultivation opportunities are offered on both the farm and the roof. It will not be more organic and locally grown than that. The tenants' ability to make a positive contribution to sustainable transport through electric vehicle pools has also been taken into account. Timetables for public transport will be displayed in real time on digital screens, all to make the neighborhood long-term sustainable.

Rödalen will include:

  • Reduced climate impact through renewable materials and reduced transport in comparison with traditional construction.
  • Locally produced solar energy that supplies rechargeable vehicles with energy.
  • Mobility solutions that enable sustainable transport for tenants.
  • Cultivation opportunities for tenants.

Policy documents

Policy documents and guidelines

The board of Slättö Förvaltning AB adopts policy documents and instructions which form the basis for the management of the company and funds managed by the company. The governing documents are revised annually and adjusted if necessary. Guidelines and manuals are decided by the CEO of Slättö Förvaltning AB.

Through its operations, Slättö is exposed to various types of risks that are important for future development of the business. The company's risk management is a central part of the annual strategy process and includes the business's sustainability risks. Sustainability risks refer to an environment-related, social or governance-related event or circumstance which, should it occur, would have an actual or potentially significant negative impact on the value of the investment or the profitability of the business. The risk analysis and management aims to establish that the sustainability risks are in line with the company's risk appetite and to identify and take measures aimed at reducing, avoiding and following up the sustainability risks. For Slättö Förvaltning AB is risk management instruction the company's governing documents regarding how sustainability risks are to be included and taken into account.

Policy documents, instructions and guidelines, which are an essential part of the company's governance and sustainability work, are described below.

Sustainability related information

Sustainability risks

Sustainability risks are managed in the company's annual risk management process, which aims to identify significant risks in the entire business and value chain, ensure governance and take measures to manage the exposure to the risks. The company risk management instruction is the internal control document that regulates risk management. The sustainability risks that are identified as significant for the company are further managed in the process of producing documentation for investment decisions.

Slättö has decided that investments in real estate assets intended for operations that are not in line with the company's sustainability ambitions and which thereby constitute a significant risk to the investment, shall be excluded. According to the decision, investments are not made in real estate assets intended for the extraction, storage, transport or sale of fossil fuels.

The same applies to real estate assets intended for activities in the production, storage, sale or transport of alcohol, tobacco and illegal drugs, weapons and war materials, commercial gaming activities, activities that violate international norms and conventions or activities that have a negative impact on the environment and climate by do not observe current legislation. Exceptions can be accepted by Slättö's management in connection with the adoption of an action plan for changed intended activities in the property asset, which means that exceptions can apply during a transitional period, provided that a conversion plan exists.

Slättö's identified sustainability risks relate to compliance with regulations, climate change, lack of environmentally certified properties, work environment and safety, supply chain, inadequate life cycle analyzes, financing and pollution. Assessment takes place with each investment decision and measures are taken in the event of identified significant sustainability risks. This ensures Slättö that the risk exposure is kept within given frameworks for the company and funds managed by the company.

Remuneration policy

When assessing variable remuneration, it must be ensured that variable remuneration is not based on actions that involve excessive risk exposure.

Negative consequences for sustainable development

Slättö Förvaltning AB, LEI No. 894500GBUVMFIJU64210, as well as the company's managed funds and thereby managed subsidiaries, consider the main negative consequences for sustainable development in investment decisions. Implementation of the consideration, in accordance with the description of the main negative consequences below, will take place from March 10, 2021, full reporting of the result of the consideration will take place in the reporting for the financial year 2022.

The funds' assets are in companies owned directly or indirectly by the funds. These companies will be included in the accounts and will not be specified separately.And

Investment decisions take into account the main negative consequences for sustainable development. Indicators from the technical standard developed by ESMA regarding investments in real estate assets are included in investment decisions. The company's materiality analysis of the sustainability area forms the basis for identification and prioritization. Investment decisions take into account i) purposes intended for the property asset, ii) energy performance and energy source, iii) greenhouse gas emissions, iv) waste management during the operational phase of the property asset, v) climate calculation of projects for new construction and major renovations, vi) consideration of biodiversity and ecosystems and (vii) soil contamination.

Annual evaluation of the sustainability aspects of investment decisions will take place in order to ensure correct identification and prioritization of management and measures as well as processes and work routines.

Slättö's Investment Committee decides on investments in the funds managed by the company. The investment committee is appointed by the company's board. In Slättös Investment Committee Policy clarifies the basis on which investment decisions are to be made. An account of external technical and / or environmental due diligence in appropriate cases and how and in what way the ESG criteria have been taken into account shall be included in the documentation. The ESG criteria include i) adopted sustainability goals based on the materiality analysis carried out, ii) significant sustainability risks, iii) type of investment to be excluded as it is not in line with the company's sustainability strategy iv) and sustainability criteria based partly on the hitherto proposed technical standard, partly on indicators that Slättö identified as prioritized through materiality analysis.

When identifying the main negative consequences for sustainable development, measures are taken to minimize the risks and thus the negative consequences for sustainable development.

Promotion of environmental and social characteristics

Slättö Core Plus and Slättö Value Add I promotes environmental and social characteristics by taking sustainability aspects, environmental as well as social characteristics, into account when making investment decisions. This by i) considering and taking measures for more efficient energy performance and promoted use of renewable energy, ii) reduced emissions for the property supply (also for projects and new production), iii) strive and thereby increase the proportion of property assets that are environmentally certified and iv) ensure safe and inclusive workplaces, also in development projects where Slättö is the client.

Investments in real estate assets intended for operations that are in conflict with the company's sustainability work and risk management are excluded.

This is done and ensured through i) internal control documents that stipulate how and what is to be considered and included in investment decisions, ii) requirements for data collection for measurement and follow-up in order to achieve better sustainability performance over time and iii) through external requirements considers that the fund has a great responsibility as a client. In procurement and purchasing, high sustainability performance is rewarded. The fund shall ensure that laws and regulations are complied with internally as well as externally by clarifying requirements and internal governing documents.