In accordance with the IPCC’s recommendation for limiting global warming to 1.5°C, we have signed on to the Science Based Targets initiative (SBTi) and are the first residential developer in Europe to have established scientifically based climate targets. This means that we have mapped our climate impact thoroughly. The SBTi follows strict scientific definitions and permits no purchasing of emissions rights or other compensation outside the company’s own value chain as a method for achieving the targets.
For Bonava, the methodology of the Task Force on Climate-Related Financial Disclosures (TCFD) is an important part of our efforts to produce relevant targets for our operations. We present an overview of this analysis in the Annual and Sustainability Report.
Governance
Reduced climate impact in line with our climate targets approved by the SBTi constitutes one of Bonava’s strategic targets.
Emissions under organisational control (Scope 1 and 2)
In the climate impact survey, energy suppliers were identified as essential partners in the work to reduce climate impact. Measures to implement framework agreements for renewable energy were therefore our first major initiative. Our internal emissions requirements for our vehicle fleet have also been tightened up, which will expedite electrification and reduce dependence on fossil fuels. We work locally with energy efficiency measures.
Climate impact of the value chain (Scope 3)
The single largest climate impact for us is the aggregate emissions from all purchased goods and services. A key factor in achieving change there is resource efficiency. We have taken measures to improve our forecasts and optimise the use of resources as early as the design phase. The next largest category under Scope 3 is the future climate impact from our buildings after our customers have taken over occupancy. Our achievements in this regard are described in more detail under “Efficient buildings”.
Evaluation
We allocate the responsibility of enabling development in line with our climate targets, through a climate budget that is based on the initial mapping and growth forecast, to the respective business units, who are themselves responsible for the transition plans.
GRI standard for sustainability reporting
Bonava reports annually for the GRI indicators 305-1,2,3,4 Greenhouse gas emissions scopes 1, 2 and 3 and intensity. Bonava's detailed climate report is presented in a public report to the Carbon Disclosure Project (CDP).