Balder

Balder, a real estate services company headquartered in Sweden, reported total emissions of approximately 110.1 million kg CO2e in 2025. This includes Scope 1 emissions of 583,000 kg CO2e, market-based Scope 2 emissions of 30,045,000 kg CO2e, and Scope 3 emissions of 78,597,000 kg CO2e. In 2024, their total emissions were about 173.5 million kg CO2e, with Scope 1 emissions at 1,231,000 kg CO2e, market-based Scope 2 emissions at 33,790,000 kg CO2e, and Scope 3 emissions at 138,456,000 kg CO2e. For 2023, Balder's total emissions were approximately 231.3 million kg CO2e, comprising Scope 1 emissions of 1,375,000 kg CO2e, location-based Scope 2 emissions of 47,605,000 kg CO2e, and Scope 3 emissions of 182,356,000 kg CO2e.

Balder is committed to achieving net-zero emissions across its entire value chain (Scope 1, 2, and 3) by 2045, targeting a 90% reduction compared to a 2022 baseline. The company has also set near-term Science Based Targets initiative (SBTi) approved goals to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030, from a 2022 base year. Additionally, Balder aims to reduce Scope 3 GHG emissions by 55% per square metre of lettable area within the same timeframe. These targets cover greenhouse gas emissions from company operations (Scopes 1 and 2) and are consistent with reductions required to keep global warming to 1.5°C.