K2A first with green equity
A sustainable business – from development through to management – is essential for K2A. The requires long-term responsibility for the company’s impact on people and the environment, and the ambition to help society move in a sustainable direction. K2A holds a licence to construct Nordic Swan Ecolabelled buildings and the target is that all new homes will be ecolabelled. Timber is the main building material used for K2A’s climate-smart and energy-optimised housing units. The construction process with prefab apartment units is fast and energy-efficient, and releases less CO₂ than construction with other materials. As part of the company’s sustainability strategy, K2A has now graded the company’s shares as green.
Third party assessment by CICERO
We do more than merely claim that our operations are sustainable, we have also been assessed by the independent research company CICERO. CICERO is a leading provider of Second Opinions on green bond frameworks and has developed a comprehensive methodology for conducting quantitative and qualitative assessments of a company’s entire business operations. Revenues and investments are graded in shades of green (or brown) depending on how well they are aligned with a low-carbon and climate resilient future. In its assessment, CICERO also assesses the company’s sustainability-linked governance and strategy. The expanded methodology provides investors with a deeper insight into a company’s transition to a climate resilient future and an ability to review and compare the progress of various companies.
“Since we founded K2A, sustainability has been a way to future proof our business model and we are constantly looking for new and innovative sustainability solutions that can account for our carbon footprint. The emissions released by the real estate sector are far too high. By greenifying our shares, we want to show that we are taking our responsibility and reporting the environmental impact of our business activities transparently,” says K2A’s CEO Johan Knaust.
K2A was the first company in the world to apply this methodology.
K2A’s green equity framework was developed in consultation with Swedbank, and CICERO provided a third-party assessment of K2A’s governance structure and graded the company’s revenues and investments.