• Not applicable. 

3. Fuel and energy related activities not included in scope 1 or 2

• Upstream emissions calculated related to purchased energy (electricity and district heating). 
• For 2025, we have assumed the same figures as in 2024 and 2023, pending updates to the data.
  
  

4. Upstream transportation and distribution

• Includes all shipping, post and delivery emissions.  

• For 2025, we have assumed the same figures as in 2024 and 2023, pending updates to the data.  

5. Waste generated in operations

• Data about waste from Slättö’s office is not available.  

• Waste from building materials is included in category 15, upfront embodied carbon. 

6. Business travel

• Business travel from flights, train, and taxi.  

• For 2025, we have assumed the same figures as in 2024 and 2023, pending updates to the data.  

7. Employee commuting

• Covers emissions from Slättö employees commuting to work and includes Well-To-Tank emissions (indirect emissions from fuel production, such as extraction and transportation of fuels before they are used in vehicles).  

• For 2025, we have assumed the same figures as in 2024 and 2023, pending updates to the data.  

8. Upstream leased assets

• Leased company cars.  

• For 2025, we have assumed the same figures as in 2024 and 2023, pending updates to the data.  

9. Downstream transportation and distribution

• Not applicable. 

10. Processing of sold products

• Slättö does not sell any products that meet the criteria for Category 10. 

11. Use of sold products

• Not applicable. 

12. End-of-life treatment of sold products

• Not applicable. 

13. Downstream leased assets

• Not applicable. 

14. Franchises

• Not applicable. 

15 Investments

15.1 In-use emissions 

• In-use emissions are related to the energy consumption of the cash flow assets owned by Slättö’s funds. We apply the whole-building emissions approach, including tenant energy. 
• Sources include real data based on energy metering and, where not available, estimates based on energy performance certificates, energy audits or interpolated from similar assets. We are actively working to increase real data, through the energy monitoring platform Mestro.¹  
• The availability of real data improved from 2024 to 2025, enabling a more detailed analysis in 2025. The level of detail also increased between 2023 and 2024 in connection with the submission of SBTi targets.
• For emission conversion factors, the location-based accounting method is used. Emission factors have been updated between the column 2023 and 2023 Updated. Emission factors are sourced from external sources and may change in the future.²
• For both in-use emissions and upfront embodied carbon, emissions are weighted by Slättö’s ownership share for assets in joint ventures with other investors. Operational emissions are calculated based on the asset’s holding period within the reporting year. Gross floor area is used as much as possible, when not available we use net lettable area.  

15.2 Fugitive emissions 

• Fugitive emissions for 2025 are to be updated. They are not included in the validated science-based targets.

15.3 Upfront embodied carbon 

• These are the emissions linked to the construction of a building, from raw materials, to transport, construction and manufacturing waste. They include all emissions until the new building is put in operation (phases A1-A5 in a building life-cycle analysis, LCA). Some of the construction projects’ footprint is based on real data, with LCA according to the EU Level(s) method.  
• When an LCA is not available for a building, we estimate upfront embodied carbon using one of two methods: either the average embodied carbon for similar Slättö projects where an LCA has been done (e.g. for logistics and light industrial assets), or the average embodied carbon per type of building estimated by Sweden’s National Board of Housing, Building and Planning (most appropriate for residential and schools).³  
• We account for all the upfront embodied carbon from a construction project when the building is put in operation. Construction projects take several years to complete, therefore there will be large fluctuations in upfront embodied carbon from year to year, depending on how many and which types of projects are completed. Year-to-year comparisons are not representative of trends.  
• Taking a conservative approach, we also include assets whose construction we finance on forward sale or forward funding.

15.4 Major renovations

• In 2025, five major renovations (>5 MSEK) were completed, with emissions calculated using spend-based emission factors derived from Climate Compass (Danish Energy Agency).
• We had few renovations in 2023-2024 and the data for those years is incomplete.
• Major renovations are excluded from the scope of our embodied carbon Science Based Target (SBT), which covers only Slättö’s new construction.

Notes

¹ For more information about energy data sources and limitations, see Slättö’s SFDR sustainability-related disclosures.

² Emission factors used for 2025 column: for electricity, 0.007, 0.037 and 0.076; for district heating, 0.057, 0.126 and 0.054
(Tonne CO2 per MWh) respectively Sweden, Finland and Denmark. Emission factors used for 2023 Updated and 2024 column: for electricity, 0.008 and 0.040; for district heating, 0.054 and 0.126 (Tonne CO2 per MWh) respectively Sweden and Finland.

³ Average upfront embodied carbon per type of assets, using Boverket’s 2027 method (all building parts), according to the 2023 
Boverket-KTH study (link).