Sustainable use of land

Our climate targets include changing land use as a direct negative climate impact, caused by former green spaces being built up in such a way that the capacity of the ground to capture carbon is impaired. This calculation method is supported by the UN Climate Panel. Using land in a sustainable way is becoming increasingly important due to its major significance for climate change resilience, and for supporting biodiversity locally. The EU taxonomy for sustainable financing also clarifies the importance of these efforts. 

Bonava evaluates the risk of ecological impact prior to decisions on investment. The need for soil remediation is also studied. Where needed, Bonava will remediate land and render it suitable for building homes. Where previously undeveloped land is claim ed, the projects are designed to pro tect biodiversity and other ecological values. 

Evaluation and results
Bonava monitors information on sustainable use of land centrally for the entire Group, read more in Note S9. The processes for risk management are assessed in our annual evaluation of risks and risk management. 

GRI standard for sustainability reporting
Bonava reports annually for GRI indicator 304-4 Red List species and national conservation list species and Bonava indicator Sustainable land use. Bonava also reports G4CRE5: Land degradation, pollution and decontamination.