Fabege’s share turns gree

An application was made – and approved – for Fabege’s shares to receive the Nasdaq Green Equity Designation. The green share transparently discloses the company’s climate impact, with the aim being to ensure visible information for investors seeking sustainable investments. 

To meet Nasdaq’s criteria for its Green Equity Designation, at least 50 percent of turnover and 50 percent of investments must be considered to be green, and less than 5 percent of turnover must be linked to fossil fuels.  At the time of application, a qualitative assessment of the company’s compliance with the Nasdaq Green Equity Principles is made by a Nasdaq-approved reviewer. Fabege was reviewed by S&P Global Shades of Green (formerly CICERO Shades of Green).

The results show that 70 percent of rental income, 62 percent of operating costs and 67 percent of investments at Fabege are classified as green and rated ‘excellent’ in terms of governance, structure and processes.

S&P’s assessment also includes an analysis of the compatibility of the company’s activities with the EU taxonomy for sustainable activities. The review shows that approximately 70 percent of rental income, 61 percent of operating costs and 27 percent of investments meet the technical criteria of the taxonomy (taxonomy alignment).  The review found that Fabege’s activities meet the DNSH (Do No Significant Harm) criteria of the taxonomy apart from in project activities, where there is currently uncertainty about how some of the criteria should be interpreted.

   “Fabege has long engaged in dedicated sustainability initiatives to reduce the industry’s climate footprint. The green share is further proof that we take our sustainability efforts very seriously. This makes it easier for investors to make informed and sustainable choices,” says Åsa Bergström, Vice President and CFO.

Fabege AB (publ)

For further information, please contact:
Åsa Bergström, Vice President and CFO, +46 (0) 8 555 148 29, asa.bergstrom@fabege.se

With a focus on commercial properties, Fabege develops attractive locations in the Stockholm area. We are a present partner that puts people front and centre. Our innovative, responsible and flexible ethos enables companies, locations and our city to develop and thrive. We take a long-term approach in our perspective and ownership. We know that when we create sustainably, we also create value. The Fabege share is listed on Nasdaq Stockholm, in the Large Cap segment. For further information, please visit us at www.fabege.com.