Our targets
Our operations are governed by our purpose and our targets.
By directing our efforts towards clearly defined objectives, we will establish ourselves as a market leader, deliver sustainable residential developments and communities, cultivate high levels of customer satisfaction, and create enduring, substantial value for our shareholders.
Bonava has established both financial and non-financial strategic targets extending through 2026. These financial objectives are underpinned by a comprehensive framework designed to mitigate and balance the inherent financial risks associated with our operations.
Below shows the targets and outcome as of December 31, 2024.
Updated science-based targets approved new insights make Bonava´s climate action more precise.
In September 2025 Bonava has had an update of its near-term science-based emissions reduction targets approved by Science Based Targets initiative (SBTi).
Updated targets to 2030
By 2030, Bonava commits to:
- Reduce upfront embodied scope 3 GHG emissions from new buildings, covering capital goods, by 40.8 per cent per square metre from a 2024 base year.
- Reduce scope 3 GHG emissions from the use of sold products by 51.6 per cent per square metre from a 2024 base year.
- Reduce absolute scope 1 and 2 GHG emissions by 42 per cent from a 2024 base year.
Bonava commits to install no new fossil fuel equipment that is owned or financially controlled by the company in its building portfolios from July 1, 2030.
| Financial targets | Targets (Target year) | Outcome |
| Profitability EBIT margin before items affecting comparability | ≥10% (2026) | 0.3% |
| Capital efficiency Return on equity over time | ≥15% | –7.3% |
| Dividend Distribution of the Group’s profit after tax over time | 40% | 0% |
| Financing framework | Targets | Outcome 2024 |
| Net debt Group’s net project assets are to exceed the net debt | > 1.0 times 1) | 1.6 times |
| Equity/assets ratio | ≥ 30% | 42% |
1) The target is defined as net project asset value/net debt excl. leasing > 1.0.
2) Read more about the targets in Note S12;
3) Employee engagement should be in line with the top 10 per cent of companies according to the Brilliant Future high-performance benchmark, which stands at 88 in the most recent survey conducted in 2024.
4) SBTi = Science Based Targets initiative. Bonava has no specified Scope 3 target in absolute figures. In 2025, Bonava will update its baseline and targets based on LCA data, in line with the SBTi Building Sector Guidance. Read more on page 106 and in Note S6.
| Other strategic targets | Targets (Target year) | Outcome 2024 |
| Customer satisfaction Net Promoter Score (NPS) Consistency | 100% (2026) | 45% |
| Healthy and safe workplace Frequency of severe incidents2) Everyone Plan fulfilment2) | <7.1 (2026) ≥90% | 4.1 95% |
| Employee engagement Top 10 per cent best companies | 883) (2026) | 83 |
| Combat climate change Reduced climate impact in line with our climate targets approved by SBTi to limit warming to 1.5˚C4) | ||
| Emissions, Scope 1–2, absolute figures | –50% (2030) | –61% |
| Emissions, Scope 3 per housing start | –50% (2030) | +5% |
| Emissions, Scope 3, absolute figures | Not targeted | –75% |