Climate change adaptation

Future-proofing our properties

Alongside our efforts to reduce our carbon footprint, we need to manage the physical risks that come with climate change. We do this by continually making sure that our business model is robust and that we are well equipped to meet the challenges and opportunities that are a consequence of the shift in society.

Climate risk analyses together with innovative and digital solutions play an important part in this work. They help us locate risks and adapt operations to climate change. The solutions also helps us to respond to people’s health and wellbeing needs in our properties and districts.


Fabege has chosen to gradually adapt accounting of potential physical climate risks and transition risks to the Task Force on Climate-related Financial Disclosures’ (TCFD) recommendation. We analyse the business to ensure that the company is well-equipped to cope with the climate-related challenges that are already evident, but also those risks that are likely to affect the business in the future. Managing climate change and the ongoing transition in line with the Paris Agreement also generates significant opportunities for companies like us that are highly ambitious in terms of their sustainability work.

Read more in our TCFD report

Climate risk analyses

In 2021–2022, we carried out climate risk analyses on a total of 60 properties in the districts of Arenastaden, Solna Business Park, Hammarby Sjöstad and Stockholm inner city. The investigation is part of our current work with the EU taxonomy and associated reporting. The analysis identified increased precipitation and flooding as one of the greatest potential future risks. In property management and ongoing and future redevelopments, we will ensure that the necessary measures are taken to address identified climate risks.

We have carried out climate risk analyses at the property level in almost the entire portfolio based on the requirements of the taxonomy; these analyses are also carried out in connection with the certification of new builds according to BREEAM-SE. The analyses of investment properties are based on a worst-case RCP 8.5 scenario with continued high carbon emissions until 2100. Flooding and increased precipitation have been identified as the greatest potential future risk. The models used take climate change into account with a climate factor of 1.25.

Qualitative scenario building also evaluates other relevant climate risks such as wind, temperature changes and erosion/subsidence. These risks are expected to ultimately affect our portfolio to a much lesser extent than heavy rain and flooding.

We have only dealt with one scenario in our climate risk analyses, but the taxonomy recommends several scenarios. However, we have only analysed the worst-case scenario (8.5) and believe that analysis of this scenario alone provides a good overview of the risks. We have decided to implement a significant number of the measures identified in the analyses. These actions have been factored into our operations and will be carried out on an ongoing basis going forward.

Flood solution outside the entrance to our zero energy hotel House of Choice.

Changed 7 June 2024