Fastator: ESG profile - ABG

Company activities

Through Fastator’s focus on acquisitions and development of existing real estate that previously has been overlooked or not used to its fullest potential, the company avoids exploiting limited resources and contributes to a more sustainable industry. In 2021, the company started measuring and reporting its environmental impact in accordance with the GRI (Greenhouse Gas Protocol) standards. This year (2021) will serve as a base year enabling better possibilities for follow-up and comparison in the coming years. Further goals for the future include extending the reporting to include Scope 3 and actively working towards obtaining environmental certification of future buildings under the brand name Point. Socially the company works for equality and an inclusive environment throughout the organization. In terms of female representation on the board and in senior management, the numbers were 33% and 37%, respectively, in 2021, which is an improvement from 2020 when the senior management lacked female representation.

Risks and opportunities
The construction and real estate sector leaves carbon footprints through the entire value chain, including the production of materials, and building and managing properties. Fastator states that the sector has a substantial impact on the climate and accounts for 20% of Sweden’s energy consumption. Other risks stated by the company include social and governance issues such as health and safety, corruption, bribes and violations of human rights. The company has the opportunity to impact the entire value chain by imposing sustainable requirements on suppliers and tenants. Läs mer på ABG Sundal Collier

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/fastator/Equity-research/2022/5/fastator---esg-profile/