Climate and environment
Through choice of materials, choice of energy type and recycling, we want to work for a reduced climate impact. We measure our climate footprint according to the Greenhouse gas protocol (GHG) and we work for the industry's adaptation to the UN's global sustainability goals, Agenda 2030.
Magnolia Bostad
- calculates climate impact in projects and assesses climate risks before the start-up of new housing
- adapts the development of new housing to climate
- change and works on reducing climate impact
- plans for environmental certification in all projects
- carries out environmental audits through an external environmental auditor
- takes biodiversity and ecosystems into account
- is involved in development to achieve a greater
- share of the circular economy plans so that residents can easily make climate-smart choices in their homes.
Science-based target
We have adjusted the base year 2021 for better comparability and more accurate figures. Magnolia Bostad's base year 2021 emissions for scope 1 and scope 2 together are now 122 tCo2e, the emissions for 2024 are for scope 1 and scope 2 at 337 tCo2e, i.e. a significant increase. The increase is mainly due to more investment properties and the fact that we did not have access to electricity certificates for these. The investment properties were sold during the year, so the emissions are calculated for part of the year. Scope 3 emissions are for 2021 at 24,202 tCo2e and for 2024 at 104,375 tCo2e. The large increase in scope 3 emissions is because Magnolia Bostad completed a large number of residential units in 2024. Climate accounting, see Magnolia Bostad's annual report 2024.