Fastighets AB Balder

Diversified Real Estate Activities

BALD-B.ST

SEK 49 2.8

Share price

$ 5 bn

Market Cap

$ 19 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.01x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2022

Fastighets AB Balder aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2020

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.5% weighted average for S&P 500

FY2022

Fastighets AB Balder aims to achieve net zero for all Scopes by 2045

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Fastighets AB Balder reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 9.8 Kt (+0.65/+7.1% y-o-y). At the sime time, carbon intensity plunged to 7.9 t (-2 /-20.2% y-o-y).

Fastighets AB Balder reported Scope 3 emissions for the the twelve months ending31 December 2021 at 57

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2020, which translates into the estimated reduction of -0.58 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2045, which translates into the estimated reduction of -2.8 Kt per annum over the period of FY2022 - FY2045. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	9.8	0.28	9.5	57	1,241	7.9
2020Q4	9.2	0.22	8.9		921	9.9
2019Q4	9	0.18	8.9		816	11