Wihlborgs is both a region-builder and a relationship-builder. We adopt a long-term perspective as we invest and develop our operations, which enables us to invest sustainably and take the financials, people and the environment into account in all of our decisions. This also means we have a stable foundation from which to manage shifts in the market.
Our strategy entails a focus on long-term, sustainable growth. All three components of the Environmental, Social and Governance (ESG) criteria are integrated into our business and our operations.
However, sustainable development is not created by one company or one organisation alone; collaboration with others and proximity to our customers – who represent a major part of the region’s business community – have always been part of our approach. When we collaborate with others – companies, cities, universities, the public sector and non-profit sector – we are able to continue developing the Öresund region.
Wihlborgs’ four focus areas in sustainability efforts
We focus our sustainability initiatives on areas in which we have the greatest impact and thus the best opportunity to contribute to positive development. We have therefore selected four focus areas that summarise our ambitions and efforts: Responsible business, Sustainable properties, Being an attractive employer and Commitment to the region and its community. The framework is a guide for us in establishing targets and prioritising sustainability-related activities. It also establishes a focus in our reporting, and the structure of our sustainability reports is based on this framework.
In-depth sustainability information
Wihlborgs reports on sustainability in line with the Global Reporting Initiative’s GRI Standards: Core option. We also take into account the EPRA Sustainability Best Practices Recommendations (sBPR) and the guidelines issued by the Task Force on Climate-related Financial Disclosures (TCFD).
We also report annually to the UN Global Compact and the Global Real Estate Sustainability Benchmark (GRESB). The in-depth sustainability information is available on pages 130–148 of Wihlborgs 2020 Annual Report and contains sustainability data, information on the stakeholder dialogue, materiality analysis, governance and follow-up and reporting in line with the GRI, EPRA and TCFD.
Since 2011, Wihlborgs has been reporting its sustainability work in accordance with the Global Reporting Initiative (GRI) Standards: Core option, including certain sector specific indicators from the earlier GRI G4 standards. The structure of the in-depth sustainability information follows our own sustainability framework and the GRI Standards. On pages 138–139 of the 2020 Annual Report, there is an index that shows where the GRI information is presented.
Wihlborgs’ sustainability targets
To ensure clarity and focus, we have selected five overall targets that cover the core elements of our sustainability initiatives:
- Customers’ willingness to recommend;
- Committed employees;
- Commitment to the region and its community;
- Environmental certification; and
- Climate impact
These are described in Sustainable business. We also have more detailed goals and objectives for each focus areas. The descriptions and outcomes of these goals and objectives can be found in our Annual Report and Sustainability Report.
For 2020, we also apply the guidelines for sustainability reporting issued by the European Public Real Estate Association (EPRA). This year, we are applying EPRA’s Sustainability Best Practice Recommendations (sBPR) for the first time. On pages 142–143 of the Annual Report, we present the majority of the EPRA indicators.
Reporting according to the TCFD
This year, for the first time, Wihlborgs is reporting on how we work with climate-related risks and opportunities according to the recommendations from the Task Force for Climate-related Financial Disclosures (TCFD).
Wihlborgs has adopted short-term (until 2022) and long-term (until 2030) climate goals that aim to markedly reduce our greenhouse gas emissions. Goals and metrics for Wihlborgs’ climate impact are presented in the 2020 Annual Report in the “Sustainable properties” section on pages 40–42, in the “Sustainable indicators according to EPRA” section on page 142 and in the “GHG emissions” section on page 148.
UN Global Compact
In July 2010, Wihlborgs signed up to the UN Global Compact, an initiative we continue to support. In June 2021, Wihlborgs submitted its latest Communication on Progress that is available on the Global Compact website.
Reporting to the GRESB and the CDP
Wihlborgs strives to provide investors and analysts with relevant and reliable information and data concerning our sustainability efforts. We respond to surveys from individual players as well as Environmental, Social and Governance (ESG) analyses conducted by research firms such as ISS, MSCI and Sustainalytics as well as reporting annually to initiatives like the GRESB and the CDP.
Wihlborgs has supplied ESG data to the GRESB for several years, receiving an improved evaluation each year in this global benchmark of the sustainability performance of property companies. In the benchmark report for 2020, Wihlborgs was awarded first place in our segment – diversified property companies in northern Europe – and we aim for even better results in the years ahead.
Wihlborgs places a high priority on climate-related issues, and we have recently resumed our reporting to the CDP, who evaluate the climate impact and management of climate risks of listed companies on an annual basis. When the results of the CDP 2021 are available, we will report on how Wihlborgs has been assessed.