Vasakronan
Project partner
Vasakronan is Sweden’s largest property company with a portfolio valued at around SEK 185 billion. The portfolio is focused on centrally located office and retail properties in the growth regions of Stockholm, Uppsala, Gothenburg and Malmö. In terms of city retail, Vasakronan is the largest in all regions. The property portfolio comprises 170 properties with a total area of about 2.3 million square metres. The company is owned in equal shares by the First, Second, Third and Fourth Swedish national pension funds.
Advancing the boundaries for sustainability
The world is facing many challenges. The climate change is undoubtedly the biggest. If we do not come up with smart climate solutions, we will also fall short with many other challenges. As such, individuals, politicians and companies alike must do what we can to drastically reduce emissions as quickly as possible.
It states in our owners’ mission that Vasakronan is tasked with generating a high and stable long-term return, but never at the cost of people or the environment. We also have a vision to create future-proof cities for everyone, where people and companies thrive. By acting on climate issues we are better able to deliver on this mission and live up to our vision at the same time as we strive to inspire and provide a role model for others. For Vasakronan, the commercial benefits of reducing our climate impact are clear, and we do not see any conflict between profitability and sustainability. On the contrary, we can see that initiatives to reduce our climate impact have been a success factor that have driven and answered a market demand for climate-smart solutions, and have therefore contributed to company profitability.
With the road map for 2030, we are picking up the pace throughout the entire value chain.
On a Swedish national level, climate work is regulated by the Climate Act which entered force in 2018. The overriding goal is that Sweden will have zero greenhouse gas emissions by 2045 at the latest. Vasakronan considers this to be too late, and has therefore decided that company operations will be climate neutral by 2030, throughout the entire value chain. This is a challenging goal, but we are convinced that it is possible.