Our primary method at present is packaging our offering to both customers and financiers through eco-labelling. Bonava applies sustainability labelling and certification, either directly or as a benchmark for internal processes and requirements. All projects undergoing production start in Sweden and all new projects in Norway are Nordic Swan ecolabelled if local authorities or customers do not require other certification. In individual cases, DGNB or BREEAM certification occurs.
For us, Nordic Swan ecolabelling is the most suitable label because it is a well-known consumer label that covers the most relevant measures and facilitates licensed ecolabelled production.
Governance
As of 2021, we have an indicator with the goal of increasing the assets available for green financing through our sustainability initiatives. Ecolabelling is the most important way so far. In our largest market, Germany, there is no equivalent to the Nordic Swan, which facilitates licensed ecolabelled production at the procedural level and efficient control programmes on site. In Germany, our efforts are based on our own third-party verified procedures for the environment (ISO 14001), work environment (ISO 45001) and quality (ISO 9001). Along with the technical criteria of the EU taxonomy, this also provides the option of sustainable financing for the operation there going forward.
Evaluation
Target achievement is followed up annually in the Executive Management Group and the Board of Directors. Bonava’s Sustainable Financing Committee validates and follows up at the project level on a quarterly basis. The framework means that Nordic Swan ecolabelling, in addition to Bonava’s overall science-based targets for combating climate change, comprises the main criterion for nominating sustainable assets.
The tables below show Bonava’s implementation of ecolabelling and certification at the construction level.