As a property company, our stakeholders request information about the extent to which our operations are environmentally sustainable according to the EU taxonomy.

Already in 2021, we analysed which economic activities are eligible for the taxonomy and concluded that they were new construction projects, major renovations and the properties under our management. Also in 2021, we took out our first taxonomy-adapted loan for the Signalen 3 property in Solna.

Our reporting according to EU Taxonomy Regulation

We carry out both construction (via building contractors) and management of buildings. We have chosen to report only against objective 1: Climate Change Mitigation (CCM) in the EU Taxonomy, as it is the objective that is most relevant to our activities. For capital expenditure, Fabege could contribute to objectives 2 and 4, but all significant capital expenditure is covered by objective 1 and Fabege therefore only reports according to objective 1. Almost all our activities fall within the scope of the taxonomy objective 1, and the activities under which the bulk of our business operations are described are CCM 7.7 Acquisition and ownership of buildings. 99 per cent of the company’s market value can be attributed to this activity. Fabege therefore chooses to report its entire portfolio in CCM 7.7 Acquisition and ownership of buildings.

Principles for financial reporting according to the EU taxonomy

The proportion of our operations that is environmentally sustainable according to the EU Taxonomy Regulation is reported via three financial ratios, which indicate the percentage of turnover, capital expenditure (CapEx) and operating expenditure (OpEx) that is taxonomy-aligned.