To safeguard transparent, accessible and consistent reporting in accordance with the ESG criteria, SBB has resolved to adhere to a number of global frameworks and standards. It is in SBB’s interests to provide stakeholders with sustainability data meeting the best standards available. Examples of external partnerships and frameworks that SBB has joined and/or supported are listed below:

  • UN Global Compact
  • The Paris Agreement
  • The Global Goals
  • GRI
  • EPRA’s guidelines on sustainability reporting
  • CDP
  • The TCFD recommendations
  • Sweden Green Building Council (SGBC): Environmental certification of properties
  • Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines, Green Loan Principles

It is SBB’s policy to always announce apartment vacancies via our digital rental platform. Here, existing tenants are prioritized in leasing vacant apartments throughout the portfolio. Illegal trade in rental contracts is commonplace in Sweden, particularly around Stockholm where queueing times are long. SBB applies procedures to counteract this trade in contracts. In leasing, applicant identity is verified via Bank-ID. SBB informs all of its tenants about their rights and responsibilities when a new contract is signed. Throughout the lease, SBB conducts a dialogue with its tenants where grievances, suggestions etc are registered in order to create a safe environment and increase customer satisfaction.

Area

Progress and initiatives in 2020

Best in class in ESG

Reducing carbon dioxide emissions caused by our workforce

Our company car policy offers opportunities for plug-in hybrids or fully electric models. Opportunities to work both locally and remotely reduces travel needs.

Involving all employees in sustainable development

Initiatives in connection with personnel meetings and training to increase awareness of sustainability issues in general and of SBB’s sustainability targets in particular.

Involving all employees in the company’s targets and commitments

Involvement through exchanges of experience during training. Incentive programs also enable participation by all employees.

Effective governance

Board of Directors with the sector’s deepest skills and experience

Skills-enhancing initiatives are included on the agenda of every second Board meeting, including further training in a particular area of the operations. Annual assessment of the Board of Directors in connection with the audit.

Board composition

Since 2018, 30 per cent of Board members have been women.

Board nomination and election

The 2020 Annual General Meeting resolved that the Nomination Committee should comprise representatives of at most the three largest shareholders and the Chairman of the Board. The Chairman of the Board was tasked with contacting the three largest registered shareholders in terms of votes as of 30 September 2020, requesting that each appoint one member to the Nomination Committee. SBB applies the Swedish Code of Corporate Governance.

Procedure for addressing conflicts of interest SBB applies the Swedish Code of Corporate Governance. The Board of Directors, Remuneration Committee and Audit Committee are elected in accordance with the Code.
Leading the sector in transparent reporting

We apply industry-leading standards and frameworks in our reporting: GRI, EPRA, CDP, SASB, etc.

CEO assessment

The Board of Directors assesses CEO annually.

Sustainable supply chain

All suppliers are required to comprehend, sign and comply with our Code of Conduct and our Sustainability Code for Suppliers. A compliance review was initiated in 2020.

Ethics and anti-Corruption

Independent Board members

Since 2018, 80 per cent of the Board members have been independent.

Disseminating awareness of ethics and fostering anti-corruption throughout the workforce

Initiatives to increase awareness of ethics and anti-corruption in connection with personnel meetings and training. These topics were addressed at 100 percent of training events in 2020.

Number of incidents reported to the whistleblower function

No incidents were reported.

Zero corruption

SBB does not tolerate any form of corruption, fraud, money laundering, tax evasion, extortion, bribery, embezzlement, or illegal financing of political organizations and acts vigorously to prevent and counteract these. No cases of corruption were detected in 2020.

High-risk markets

SBB focuses on the Nordics and does not engage in business in any high-risk markets.

Responsible lobbying

SBB does not support political parties and only engages as a member with respected and established associations such as the Swedish Association of Property Owners, Sweden Green Building Council and Public Housing Sweden.

Innovation and digitization

Developing innovation initiatives and future-proofing a strategy generating value

Several pilot projects in renewable energy and energy recovery, as well as in digital property performance control and monitoring.

Developing our properties for a high level of connectivity and control

The energy usage in all of our properties is registered online in our energy monitoring system. Fully digitized leasing process for rental apartments.