Strategy

Sustainability involves creating long-term solutions from economic, ecological and social perspectives, and refining these values through our operating processes.

In addition to taking responsibility and creating value for our society, the planet and future generations, Castellum’s sustainability efforts also provide the Group with a competitive advantage. Moreover, well integrated sustainability efforts contribute to better management and improved control of our properties. This means more satisfied customers, dedicated employees and increased profitability. In other words, sustainability is about taking the right decisions today so that the stakeholders – on whom Castellum’s operations depend – will choose Castellum in the future.

Vision

Castellum’s sustainability activities form an integrated and natural part of the Group’s business operations. Over time, Castellum will be one of the leading companies within the field of sustainability and actively promote sustainable development. Castellum sees society’s laws and regulations as minimum requirements and strives for continuous improvements to reach clearly stated goals in order to promote sustainable development. Castellum will help drive development forward by taking corporate social responsibility.

Strategy

Operations will contribute to sustainable development, and sustainability efforts will be integrated with all business actions and result in tangible results. Sustainability efforts will permeate all business undertakings such as ownership, management, portfolio development, customer relations, employees and financing. Operations conducted in a responsible manner are vital for the company’s short- and long-term success, as sustainability action drives profitability and long-term shareholder value.

All business operations will be characterized by high skills levels, good business ethics and benchmark assumption of responsibility.

Our position on climate change and the environmental limits of the planet

Castellum acknowledges the scientific evidence that human activity accelerates climate change. Breaching the planet’s environmental limits poses great risks for our future. To contribute to the global agenda, Castellum will therefore guide and target business operations in accordance with the UN Sustainable Development Goals and the Global Climate Change Agreement.

In order to future-proof Castellum’s portfolio, buildings are to be energy-efficient; life-cycle perspectives have to be considered when investing; responsibility will be taken for natural resources and biodiversity; the proportion of renewable energy will increase; and operations are to be adapted to mitigate climate change. Castellum will be committed to customer and government climate plans and policies. Castellum will remain at the forefront and, as far as possible, inspire our entire industry to become more climate-friendly.

Commitment

As a responsible social developer, Castellum will be involved in pushing development forward toward a sustainable society. Castellum considers the precautionary principle and society’s requirements in the form of legislation and regulations as minimum requirements, and the Group strives for continuous improvements in order to promote sustainable development.
To achieve well-functioning sustainability activities, Castellum will,

Overall

  • Manage operations in accordance with the UN Sustainable Development Goals that we are able to influence.
  • Comply with Castellum’s Code of Business Conduct, which is based on the UN’s Global Compact principles. All Castellum employees and partners are to understand and comply with their respective codes of business conduct.
  • Continuously enhance sustainability skills through education in, and communication of, sustainability issues.
  • Regularly monitor, report and improve our work.


Ecological sustainability

  • Minimize scope 1.2 and 3 carbon dioxide emissions, which contribute to global warming.
  • Utilize resources responsibly and efficiently to avoid jeopardizing the limits of the planet and thereby our climate and the opportunities of future generations in a finite world.
  • Build and manage through a life-cycle focus, and promote circular models.
  • As cities and population densities grow, biodiversity and ecosystem services are being destroyed. When developing properties, Castellum will therefore contribute to increased biodiversity as well as limiting the use and spread of environmentally hazardous products.

Create conditions for responsible waste management by minimizing waste, preventing contamination and seeing waste as a resource for reuse and recycling.

Social sustainability

  • Provide safe and healthy environments for people in and around the properties we manage and promote the well-being of our employees.
  • Create an equitable organization with diversity that reflects the composition of our society.
  • Contribute to youth employability and opportunities for young people to enter the labour market.
  • Become involved in matters of importance for social development.
  • Address and change discriminatory structures within the organization.
  • Strive to remain an attractive employer and attract the best and most professional employees.


Financial sustainability

  • Maintain a long-term sustainable cash-flow growth.
  • Create business models for collaboration on sustainable investments.
  • Run low financial and operational risks, to promote sound value-growth in the Group, while offering shareholders a competitive dividend.
  • Utilize economic and human capital efficiently.


The primary focus for Castellum’s sustainability efforts:

  • The Planet

How we responsibly and effectively reduce resource use and carbon emissions that cause global warming.

  • Future-proofing

How we create a sustainable real estate portfolio in a changing world.

  • Wellness

How we promote health, wellness and productivity.

  • Society

How we can create better functioning communities, featuring increased employment and involvement.

Control documents regarding the sustainability activities

External regulations
• The UN Sustainable Development Goals
• Global Compact
• The Swedish Companies Act
• The Swedish environmental Code
• The Work environment Act
• Environmental classifications - Green Building, Miljöbyggnad, BREEAM
• Environmental Diploma
• ISO 14001
• Building Regulations of the National Board of Housing, Building and Planning
• Other applicable laws and regulations

Important internal regulations
• Sustainability policy
• Code of Conduct
• Code of Conduct for suppliers and partners
• Internal environmental management system
• Internal control processes
• Other instruction

Global Compact
Castellum has signed FN Global Compact, which is an initiative to coordinate matters of human rights, labor conditions, the precautionary principle and responsibility concerning
the environment and anti-corruption. Global Compact includes 10 principles.

Global Compact includes 10 principles:
1. Support and respect the protection of internationally proclaimed human rights.
2. Make sure that they are not complicit in human rights abuses.
3. Uphold the freedom of association and the effective recognition of the right to collective bargaining.
4. Effective abolition of child labour.
5. Elimination of all forms of forced and compulsory labour.
6. Elimination of discrimination in respect of employment and occupation.
7. Businesses should support a precautionary approach to environmental challenges.
8. Undertake initiatives to promote greater environmental responsibility.
9. Encourage the development and diffusion of environmentally friendly technologies.
10. Work against corruption in all its forms, including extortion and bribery.

Organization and governance of sustainability efforts

A joint operational sustainability group develops activities, shares experiences and monitors relevant changes in the global environment. There is also a Sustainability Forum with the aim of updating and integrating development efforts into Castellum operations. The Sustainability Forum consists of managers from the core business: HR, Project Development, Executive Management, Regional CEOs, Finance and Purchasing.

Castellum’s sustainability efforts require committed and skilled employees; further training in sustainability issues is therefore offered on a regular basis. The ambition is that all new employees will undergo introductory sustainability training.