Policies and reports

Objectives

Lundbergs, like all the holding companies, works actively to contribute to their parts of the UN’s 17 global goals for sustain- able development. Lundbergs follows the development of sustainability-related issues, regulations and external requirements, for example from the EU’s Sustainable Finance Action Plan which includes the EU taxonomy regulation and the sustainability reporting directive Corporate Sustainability Reporting Directive (CSRD), as well as voluntary reporting requirements in the form of the Task Force on Climate-related Financial Disclosure’s (TCFD) and the Science Based Target Initiative.

Climate change is one of the most important issues of our time and the business world have a great responsibility to limit the global heating and change to a circular consumption and production. In addition, the business must be conducted in a way so that the Earth’s planetary boundaries are not exceeded.

Lundbergs encourages holding companies to company-specific goals that align with the goals of the Paris Agreement. The company believes that it is a prerequisite for continued competitiveness and long-term value creation, regardless of industry affiliation. In addition, Lundbergs themselves have adopted the target of having climate-neutral operations by 2030 in the entire value chain (scope 1, 2 and 3) in the wholly owned business. This serves both as inspiration and support for other companies in their own decisions.

Managing sustainability work

Through dedicated ownership and good knowledge of the indi- vidual companies’ business conditions, Lundbergs influences the publicly listed companies primarily through its work on their boards of directors and nomination committees. Our representatives on the companies’ boards of directors must act on the basis of Lundbergs’ principles and be a clear imposer of demands on the companies concerning their sustainability efforts. A good ability to manage risks and opportunities related to the environment, social responsibility and business ethics contributes to the companies’ success.

The long-term ownership that Lundbergs represents provides its portfolio companies with the opportunity to focus on innovation and further development, and to build sustainably strong market positions and improved competitiveness. Decisions and responsibility for sustainability strategies, their implementation and reporting though rest with the boards of directors and management teams of the respective companies. As an active owner, we support our portfolio companies in their development toward more sustainable operations.

Policies and governing documents in wholly owned companies

Lundbergs applies a number of policies and governing documents, in addition to the Code of Conduct, to support both managers and employees and to ensure compliance with the UN Global Compact and its principles regarding human rights, labor conditions, environment and anticorruption.

The policies are included in the introduction of new employees and are available on the company’s intranet. Education in the policies is provided continuously to the entire real estate company in the form of education programs. In recent years, the company has also provided education in digital security and GDPR to the workforce. Lundbergs protects its stakeholders’ integrity and manages information in a responsible manner.

Lundbergs is against all forms of corruption and it is all employees’ obligation to try to prevent all forms of fraudulent activities. Corruption is not only illegal but it has serious negative effects on society and Lundbergs has well-developed anti-corruption work. We set high standards demands on our partners and does not work with any who are involved in corrupt activities. The Code of Conduct, the Code of Conduct for Suppliers and careful procurement procedures contribute to the reduction of corruption risk.

A whistleblower function has been established to make it easier for anyone who wants to provide information about irregularities that contravene prevailing legislation, ethics, moral codes or Lundbergs’ policies. The function enables employees, customers, suppliers and business partners to pro- vide information and simultaneously be guaranteed anonymity. All reports are received and investigated by an external party. No reports were received in 2023.

Objectives

Managing sustainability work

Policies and governing documents in wholly owned companies

Sustainability-related policies and governing documents