K2A commits to the Science Based Target initiative
K2A Knaust & Andersson Fastigheter has committed to the Science Based Target initiative (SBTi) as part of the company’s efforts to combat climate change. K2A has the real estate sector’s most ambitious climate target and the approval of SBTi provides confirmation that the company’s climate target is also based on science and contributes to slowing climate change in line with the Paris Agreement.
“It is a sign of strength when a high-growth company such as K2A can set such an ambitious climate target. We have now been given strong confirmation that our way of working is aligned with what science says is needed,” says Johan Knaust, CEO of K2A.
K2A’s climate target requires the company’s entire value chain to be climate positive by 2027. That a high-growth company such as K2A can set such a ambitious target and also have it within its reach is largely dependent on making informed decisions about the materials used at every stage. It is of particular importance that all apartments built by the company in its manufacturing facilities are made from timber.
SBTi is the second international initiative that K2A has committed to recently. At year-end, the company also joined the largest global sustainability initiative, the UN’s sustainable business network Global Compact. Membership means K2A supports the UN’s international principles on human rights, labour, environment and anti-corruption.
“Membership of the Global Compact raises the profile of our systematic and active sustainability agenda and also our efforts to constantly improve in these areas. We are already focused on the goals of the 2030 Agenda and have been working in line with the principles of the UN Global Compact for several years,” says Karina Antin, Chief Sustainability Officer of K2A.
The Science Based Targets initiative (SBTi) is a joint initiative from CDP, the UN Global Compact (UNGC), the World Resources Institute (WRI) and WWF. Its aim is to help businesses set science based climate targets that are aligned with the Paris Agreement.
Johan Knaust, CEO, +46 707 40 04 50, johan.knaust@k2a.se
Karina Antin, Chief Sustainability Officer, +46 735 07 27 24, karina.antin@k2a.se
K2A Knaust & Andersson Fastigheter AB (publ) – the green real estate company – with a focus on long-term management of self-produced rental apartments and social service properties. Main markets are Stockholm, Mälardalen and several university/college cities across Sweden. Visit www.k2a.se for more information. K2A’s share B (K2A B) and preference share (K2A PREF) are listed on Nasdaq Stockholm.