CapMan press release
8 June 2023 at 15:45 EEST
CapMan’s Sustainability Report for 2022 is published – focus on transition towards a long-term sustainable society
CapMan has published its Sustainability Report for the year 2022. The report includes an assessment of material environmental, social and governance (ESG) factors, the integration of ESG factors in decision making, ESG targets, and reporting on the progress in reaching those targets. CapMan’s vision is to be the most responsible Nordic private asset company.
“We have come a long way in the past year in terms of building out our processes, increasing the knowledge of the organisation and measuring outcomes, and I am very pleased to present our work and achievements so far. To reach our vision, we are working in parallel on three different levels: developing long-term circular and nature positive approaches, taking actions to meet mid-term goals like setting and following ambitious emission reduction targets, while simultaneously investing the time and legwork needed in the short-term to build the capabilities within CapMan and in our portfolio to sustain change, and meet the increasing demand for transparency and reporting,” says Pia Kåll, CapMan’s CEO.
The report is prepared in accordance with the GRI Standards for the period 1 January–31 December 2022 and includes information from a material point of view for CapMan Group. In addition, the report provides information on sustainability frameworks adopted and the progress towards sustainability targets by CapMan’s investments.
“In line with our vision, we have decided to not only invest in already sustainable assets, as we believe we can create more value by supporting the development and transition towards sustainable operating models across industries and sectors,” adds Anna Olsson, CapMan’s Head of ESG.
For 2022, the progress towards our sustainability targets includes the following outcomes, amongst others:
Environmental targets (Science Based Targets):
- Science Based Targets validated for CapMan
- +17% CapMan Scope 1-2 GHG emissions (target 51% reduction by 2032)
- –28% in GHG emission intensity of commercial (service) real estate (72% reduction by 2032)
- +7% in GHG emission intensity of residential real estate (50% reduction by 2032)
- 11% of portfolio companies have set targets or committed to the SBTi (54.5% by 2027, 100% by 2032)
- 58 eNPS for CapMan (above 50)
- 3.8/5 average employee satisfaction in portfolio companies (above 3.5)
- 3.7/5 overall tenant satisfaction in real estate (4.0)
- +2,500 new jobs created (metric followed)
- CapMan’s Performance Share Plan and variable remuneration has been linked to ESG targets
- 34% of portfolio companies have linked remuneration to ESG targets (link by all new companies within one year of acquisition)
- 69% of portfolio companies have adopted a human rights policy (adoption by all new companies within one year of acquisition)
- 23% of real estate (sqm) has obtained green building certification (75% by 2026)