Sustainability Report 2018 What Are You Reading?
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Sustainability report 2018 What are you reading? In front of you is Ikano Bostad’s 6th sustainability report. It was published in April, 2019 and describes an eventful year in which we have continued to approach our goal of having the best and most sustainable customer offering. We believe in doing things together, executing them with a long-term mindset and maintaining a high ambition of simplifying towards more sustainable everyday living. Both for ourselves, for our customers and for our partners. We believe this is on fair terms. Our Framework for sustainability is based on our focus areas; Sustainable growth, People and Planet (you can read more about this on page 14). We have used Global Reporting Initiatives (GRI) sustainability reporting framework called GRI Standards, and reports in accordance with their core level. Our sustainability report also follows the requirements set forth in chapter 6, paragraphs 10–14 of the Annual Accounts Act. What we report on in this sustainability report is the areas which we have considered as being most important to us. Both in order to describe our business and based on what our stakeholders want to know. We have followed the accounting principles of GRI Standards in terms of content and quality. The accounting principles help us to ensure that the report reflects our operations and our impact in a good way and that we fulfil expectations and demands from our stakeholders. We have only reported our impact that stems from our daily operations. This means that we do not take responsibility for or report on operations that are controlled by individual customers, our suppliers or subcontractors. At ikanobostad.se/hallbarhet you will find our GRI index. There, for example, there is information about our indicators and what limitations we have set. All our indicators relate to our sustainability work between January 1 and December 31, 2018. In the report you will also find the indicators for 2017 and in some places, even for other previous years. They are included in order to make it easy for you to read the report to see how our sustainability efforts have developed over time. Enjoy a nice read! 2 | Ikano Bostad – Sustainability report 2018 Contents Comments from our CEO ........................................................... 4 The year in breif .............................................................................5 About Ikano Bostad ......................................................................6 Our offer ...........................................................................................8 Our projects ...................................................................................10 Our business model ....................................................................12 Strategy and management ....................................................14 Sustainable growth ....................................................................16 Customer and market ................................................................16 Risk and compliance ..................................................................18 Sustainable business- and operations development ....20 16 Sustainable Growth Sustainable purchasing ...........................................................21 People .............................................................................................22 Sustainable neighbourhoods and living environments ..22 Responsible social partner .....................................................24 22 People Sustainable worklife ...................................................................26 Planet ..............................................................................................30 Climate ...........................................................................................30 Use of resources .........................................................................33 Board of directors and management team ......................36 Auditor’s statement ...................................................................38 30 Planet Ikano Bostad – Sustainability report 2018 | 3 Comments from our CEO Robert Jaaniste, CEO Ikano Bostad Together we are strong In 2018, we have increased our focus on how we work with sustainability. Among other things, we have made important decisions regarding our future efforts when it comes to the environment. We increasingly see more clearly that sustainability and profitability go hand in hand. We have also seen a cautious market, and this places greater demands on us to work according to our values. The market situation Increased focus on social sustainability During the year, the housing market, in particular in Stockholm How we in the industry work with social sustainability is also one and Uppsala, has been very cautious. At Ikano Bostad, it is issue that has become increasingly important. At Ikano Bostad something we have felt the impact of, primarily through reduced we were an early adaptor working with this and we think it is sales. Despite this, we sold 640 homes in 2018 and had more good that the issue enjoys a higher standing on the agenda. people moving in than previous years. This is primarily thanks to In 2018, among other things, we arranged a carpentry school the commitment of all our employees. for children in Kungälv, we made the decision to start our Ikano In connection with the Ikano Group celebrating 30 years, Academy in Västerås and we continued our efforts to create we had a 30 month no-fee offering on housing for those who areas for people to interact in our residential areas. purchased a new home with us. A total of 171 homes were sold in During the year, our carpentry apprenticeship programme for conjunction with the offering. women, Hentverkarna, enjoyed its 1st year anniversary. Several We also worked hard in our property management and we players in the industry have started similar programmes during had a very good year. Among other things, we’ve focused on the year and I think this is great. Together, we can challenge continued energy efficiency improvements regarding our pro- norms in the industry and create a broader recruitment base. perties and focused on actively setting rents at the right levels. It also contributes to increased profitability. It has meant good results both financially and in terms of our environmental efforts. Supported by strong values That we have a broad business offering and that we operate During the year, we have been working hard throughout the in several markets means we can embrace a long-term approach entire company and I am very proud of the commitment of all and stand strong together. employees. We must not forget our values and always work according to them. We must continue to work together on fair Roadmap moving forward terms every day and always let common sense and simplicity The building and real estate industry’s climate footprint is an issue guide us in our decisions and daily work. It is only together that that has received increasing attention during the year. Being a we can be a strong Ikano Bostad. long-term player is about looking ahead and meeting the Chal- lenges that affect us as a company, the industry and our customers. During the year, we decided to follow Fossil Free Sweden’s and The Swedish Construction Federation’s roadmap in efforts towards reaching a climate-neutral construction industry by the year 2045. Robert Jaaniste 4 | Ikano Bostad – Sustainability report 2018 The year in breif Hentverkarna 1 year Ikano 30 years Energy efficient Finished our first properties town houses Ikano Bostad – Sustainability report 2018 | 5 About Ikano Bostad We simplify for sustainability Ikano Bostad was founded in 2005. We develop, build, own and administrate housing for the many people. One of our goals is to simplify for sustainability and to make sustainability a part of everything we do. Ikano Bostad is part of Ikano, an international company group with operations in housing, banking, insurance, production and retail. Ikano Bostad and Ikano Bank are in Sweden. Ikano was initially part of IKEA but became independent in 1988. The owner is the Kamprad family. VISION: To create possibilities for better living. During the year we developed more stringent requirements for the use of ID06. During the year we reduced our climate footprint for our rental properties from 11 kg CO2e/m2 to 9 kg CO2e/m2. 6 | Ikano Bostad – Sustainability report 2018 About Ikano Bostad Since 2014, 32 of 35 participants in our Ikano Academy have received employment or begun studying. BUSINESS CONCEPT: We offer space- efficient, functional and sustainable homes at affordable prices for people at all stages of life. MISSION: Simplifying the many people’s lives so they can focus on living. During the year, we have had our first tenants move into apartment with flex solutions. Ikano Bostad – Sustainability report 2018 | 7 Our offer Ikano Bostad – the secure housing company Ikano Bostad always works based on the area’s conditions to create sustainable neighbourhoods and residential environments. With common sense and simplicity, we strive to live up to our promise: on fair terms. For us, it is important to think of the entirety. We are a dedicated Working together housing developer and property manager and we are driven by At Ikano Bostad, we believe in doing things together. We finding sustainable solutions and building space-efficient homes want to work and share experiences with municipalities and for the many people. By developing and building tenant-owned