SBB manages, acquires and develops properties for important societal functions in areas offering long-term development potential. Major investments are being made to upgrade and develop the portfolio by renovating apartments, premises, common areas and facades. Outdoor environments, such as playgrounds and green spaces, are also being refurbished and new outdoor lighting is being installed to do away with dark and unsafe places and to help increase biodiversity. People’s homes and local environments are made more pleasant and security is improved throughout the area. In some areas with SBB properties, security is a priority focus. For this reason, an important part of the business model is to invest in improving these areas’ social conditions, thereby contributing to favourable and socially sustainable development. Among other things, this is achieved by creating meaningful activities for young residents and by collaborating with local organizations on projects to improve the social environment in various ways.

A basic objective of the operations is to continuously develop the properties and the residential environment, bringing well-being and security, as well as a positive local identity. As a long-term property owner and manager, social sustainability and prevention of marginalization in and around our properties is of utmost importance.

Risks and opportunities related to social sustainability, for instance working conditions in our supply chain, safety in and around our properties etc, are managed by senior management. Our CEO is responsible for this and it is integrated into our regular risk management processes.

 

Area Progress and initiatives in 2020

Leading in social infrastructure

Social values at the core of our business

During 2020, we conducted an inventory of social values in our product portfolio and integrated these into our financial reporting. Detailed information is presented in the quarterly reports and the Annual Report. Social infrastructure generates 98 per cent of our rental income.

Societal commitments

The societal benefits of our business model have been demonstrated through our issuance of the world’s most extensive social corporate bond in 2020. A new sustainable financial framework was developed in 2020.

Responsible business

Health and safety in our assets

Our responsibility for health and safety extends to all of our assets and workplaces, including construction sites. Safety inspections are conducted regularly, on our own sites as well as our contractors’ sites.I In connection with which risks are identified, assessed, monitored and addressed.

Dialogue with, and development of, local communities

We develop local communities, applying a holistic perspective with regard to social, ecological and economic sustainability. Risks and opportunities are analyzed. Dialogues with municipalities and residents are a mandatory part of our detailed planning processes.

Number of summer workers in our residential areas

134

Number of Better Shelter refugee housing units

10

Number of workplace accidents

0

Supporting Mentor Sverige

SBB is a member of Mentor Sverige (which provides mentors four young people entering the labour market).