Slättö's ESG disclosure
This section presents Slättö's data disclosures in the environment, social and governance areas, including our greenhouse gas accounting that is the basis for science-based targets.
Environment
Target |
KPI |
Outcome |
|
|
|---|---|---|---|---|
|
|
2023 |
2024 |
2025 |
|
EU Taxonomy alignment (%)1 |
Year-on-year increase
|
55%
|
35%
|
49%
|
Energy efficient assets (%)2 |
Year-on-year increase
|
Not disclosed
|
72%
|
63%
|
Renewable energy on-site (%) |
100% of projects
|
Not disclosed |
73%
|
43%
|
Purchased renewable energy (%) |
100% of cash flow assets
|
96% |
100%
|
100%
|
Biodiversity action plans (%) |
100% of our large development projects | Not disclosed |
100%
|
100%
|
Environmental certification (%) |
100% projects, maximize assets | 100% projects; 53% cash flow assets |
100% projects; 30% cash flow assets
|
100% projects; 29% cash flow assets
|
GHG emissions (Scopes 1–3) |
Science-based targets (2030) |
See GHG disclosure below |
||
Social
Target |
KPI |
Outcome |
|
|
|---|---|---|---|---|
|
|
2023 |
2024 |
2025 |
|
Employee satisfaction (%) |
>85%
|
80% |
78%
|
80%
|
Gender diversity, Slättö employees (%) |
>40%
|
66% men, 34% women | 67% men, 33% women | 64% men, 36% women |
Gender diversity, Slättö board (%) |
>40%
|
80% men, 20% women | 80% men, 20% women | 80% men, 20% women |
Sick leave (%) |
<2% short, <3% long | 0.2% short; 0.0% long | 0.3% short; 0.0% long | 0.2% short; 0.0% long |
Tenant satisfaction (%)3 |
+2% YoY improvement | Not disclosed | 67% | 76% |
Supplier Code of Conduct (%) |
100% new projects | 100% | 100% | 100% |
Social contracts (%)4 |
5% residential assets | 5% | 3% | 3% |
Governance
Target |
KPI |
Outcome |
|
|
|---|---|---|---|---|
|
|
2023 |
2024 |
2025 |
|
Regulatory compliance |
Full compliance
|
No breaches reported
|
||
Governance framework |
Follow internal framework | Strengthened risk management | ||
ESG reporting standards |
Use global standards | Fullfilled | ||
More information specific to Slättö's funds is available on the investor portal. Earlier ESG disclosures can be found on Slättö's website.
Greenhouse gas emissions
As a real estate investment firm, the near totality of Slättö’s emissions is linked to energy use in buildings and embodied carbon of construction projects. We therefore focus our efforts on these two aspects.
As Slättö's assets under management continue to grow, so does total CO₂ from the energy use of buildings. CO₂ per square meter increased in 2024 driven by acquisition of older assets with higher energy use compared to Slättö’s 2023 portfolio.
Slättö's GHG footprint
| Scope | Categories | Unit | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | Stationary fuels (and equipment) | - | - | - | - | ||
| Mobile fuels (and vehicle) | - | - | - | - | |||
| Fugitive emissions | Tonnes CO2e | - | 4 | 4 | 4 | ||
| Process emissions | - | - | - | - | |||
| Total scope 1 | Tonnes CO2e | - | 4 | 4 | 4 | ||
| Scope 2 | Electricity | Tonnes CO2e | - | 2 | 2 | 2 | |
| District heating | Tonnes CO2e | 2 | 1 | 1 | 1 | ||
| Total scope 2 | Tonnes CO2e | 3 | 3 | 3 | 3 | ||
| Scope 3 | 1. Purchased goods and services | Tonnes CO2e | - | 273 | 273 | TBC | |
| 2. Capital goods | - | - | - | - | |||
| 3. Fuel and energy related activities | Tonnes CO2e | - | 11 | 11 | 11 | ||
| 4. Upstream transportation and distribution | Tonnes CO2e | - | 1 | 1 | 1 | ||
| 5. Waste generated in operations | - | - | - | - | |||
| 6. Business travel | Tonnes CO2e | 4 | 33 | 33 | 33 | ||
| 7. Employee commuting | Tonnes CO2e | N/A | 4 | 4 | 4 | ||
| 8. Upstream leased assets | Tonnes CO2e | 14 | 16 | 16 | 16 | ||
| 9. Downstream transportation and distribution | - | - | - | - | |||
| 10. Processing of sold products | - | - | - | - | |||
| 11. Use of sold products | - | - | - | - | |||
| 12. End-of-life treatment of sold products | - | - | - | - | |||
| 13. Downstream leased assets | - | - | - | - | |||
| 14. Franchises | - | - | - | - | |||
| 15. Investments | |||||||
| 15.1 In-use emissions | MWh electricity | 20,466 | 37,456 | 46,335 | 59,313 | ||
| MWh district heating | 19,567 | 26,093 | 36,353 | 51,857 | |||
| MWh oil | 5 | - | - | 3 | |||
| Tonnes CO2e | 2,091 | 2,773 | 3,682 | 6,189 | |||
| Kg CO2e/sqm | 7 | 6 | 6 | 6 | |||
| 15.2 Fugitive emissions | Tonnes CO2e | - | 3,825 | 3,825 | TBC | ||
| 15.3 Upfront embodied carbon | Tonnes CO2e | 15,028 | 16,887 | 16,515 | 15,546 | ||
| Kg CO2e/sqm | 336 | 386 | 331 | 299 | |||
| 15.4 Major renovations | Tonnes CO2e | - | 789 | 789 | 5,897 | ||
| Total Category 15 | Tonnes CO2e | 17,119 | 24,274 | 24,811 | 27,632 | ||
| Total scope 3 | Tonnes CO2e | 17,136 | 23,823 | 25,149 | 27,697 | ||
| Total scopes 1-2-3 | Tonnes CO2e | 17,139 | 24,612 | 25,155 | 27,703 |
Emissions data is subject to inherent uncertainties given the high share of estimated data. Slättö’s GHG accounting below is based on our current understanding of the GHG Protocol and Science Based Targets framework.
AUM increased substantially between 2023 and 2025, resulting in higher absolute CO₂ emissions, primarily driven by acquisitions of cash flow assets. Brown-to-green transition plans have been initiated for several assets. A small number of acquired assets include gas exposure; however, structured transition strategies are in place to support emissions reductions over time.5
Climate Compass (Danish Energy Agency) spend-based emission factors for major renovations carried out in 2025 were applied, whereas for 2024 and 2023, emission factors from the U.S. Environmental Protection Agency were used for the same category.
Intensity-based GHG
| CO2e kg / sqm | 2023 | 2024 | 2025 |
|---|---|---|---|
| In-use emissions | |||
| Residential | 3.3 | 5.5 | 4.9 |
| L&LI | 7.6 | 9.2 | 8.3 |
| Social infra | 4.1 | 3.6 | 3.6 |
| Hotel | 2.5 | 5.1 | 14.9 |
| Embodied carbon | |||
| Residential | 468.6 | 356.0 | 292.3 |
| Other | 330.8 | 328.5 | 315.1 |
Year-on-year changes in embodied carbon per square meter will vary depending on the number and type of projects completed each year. Embodied carbon may increase temporarily in the future, as we complete projects started before we applied limits.
The data presented in this table is based on the SBTi (Science Based Targets initiative) methodology.
Notes
1 Slättö’s assets under management increase over time. As a consequence, the share of taxonomy-aligned and energy efficient assets in our funds may decrease in percentage terms from year to year. Our focus is to increase taxonomy alignment like-for-like as we modernise and optimise newly-acquired assets.
2 Meeting the criteria of the EU Taxonomy.
3 Weighted based on AUM and tenant satisfaction survey results per segment.
4 Measured in the residential portfolio directly managed by Slättö.