Akademiska Hus reports annually on our sustainability work in accordance with the Annual Accounts Act and GRI Standards. The reporting covers the entire Group and follows the same boundaries as our financial reporting. Our sustainability issues are reviewed by external auditors, which strengthens the transparency and reliability of our work.
Our sustainability management is based on a materiality analysis that identifies which issues are most important from both an impact perspective and a financial risk/opportunity perspective. The way of working is inspired by the CSRD and ensures that we focus on the areas that are most important to our stakeholders and to our long-term value-creating capability.
What does our sustainability reporting consist of?
- GRI - The guidelines from the Global Reporting Initiative are the standard used by most companies that voluntarily prepare sustainability reports. The guidelines are standardized to be applied to many different companies. They cover several different aspects of sustainability; social, environmental and economic.
- TCFD - Task Force On Climate-related Financial Disclosure is a framework that helps organizations map and prevent their climate-related financial risks. The purpose of the framework is to create insight into how climate change will affect the company's financial prospects. Distinctive is that the framework is based on the effect of the climate on the company, rather than the company's effect on the climate.
- The Taxonomy Regulation – also known as the EU Taxonomy – is a classification system that establishes criteria for when an economic activity is to be considered environmentally sustainable. The assessment is made based on technical review criteria and that the company needs to meet certain minimum social protection measures (requirements).
- UN Sustainable Development Goals - In 2015, UN member states adopted Agenda 2030, a universal agenda for sustainable development that contains seventeen global goals to be achieved by 2030. The Global Goals and Agenda 2030 are the most ambitious agreement for sustainable development ever adopted by world leaders. The concept of sustainable development integrates the three dimensions of sustainability: social, economic and environmental.
Our annual sustainability report is published in our annual report together with our financial report. The sustainability report is based on four main headings; General information, Environment, Social sustainability and Responsible business. The sustainability report is reviewed by our auditors in the form of a general review, even though this is not a legal requirement.
We report annually on our work with the global goals and the 10 principles to the UN Global Compact via "Communication in progress, CoP", which is public (the UN's global goals).