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Spondability

Responsibility is an integral part of Sponda’s strategy and day-to-day operations, and it supports the company’s profitability and long-term viability. Sponda’s goals include increasing shareholder value, ensuring the sustainability of operations and continuously developing the company. The term Spondability communicates the holistic approach to responsibility.

The company has set annual targets and defined key actions for its strategic priorities, namely environmental responsibility and managing the customer experience. The Executive Board and the Board of Directors regularly monitor the achievement of targets and implementation of actions.

Sponda encourages its employees to work towards the goals related to environmental responsibility and the customer experience. These two priorities are included as factors in the incentive scheme that covers all personnel.

Spondability in 2014

Sponda’s most significant step in the development of responsibility in 2014 was updating the responsibility priorities based on a materiality analysis carried out by the company. Sponda's responsibiity priorities are: energy and environmental efficiency, property locations, enhancing the customer experience, investing in employees, transparent and ethical operations and taking the industry forward.

In 2014, Sponda drafted a Code of Conduct that lays the foundation for the company’s responsibility efforts, the management of responsibility, and stakeholder relations. The Code of Conduct was approved by the Executive Board and the Board of Directors. Additionally, in 2014, Sponda signed the UN Global Compact and committed to its ten responsibility principles related to human rights, labour, the environment, and anti-corruption.

Sponda’s risk management process was adjusted in 2014 to place a greater emphasis on environmental responsibility by including the climate change risks and opportunities related to Sponda’s operations in the company’s regular risk assessment.

As an industry leader, Sponda aims to continuously develop not only its financial reporting, but also its reporting on responsibility. In 2014, the company reported on its responsibility efforts in accordance with the Global Reporting Initiative (GRI) G4 guidelines. Sponda received also international recognition in 2014 for its environmental and corporate responsibility reporting. The company was ranked as the best property investment company in the Nordic region according to the Carbon Disclosure Project (CDP) assessment and was awarded a Green Star for the second time in the Global Real Estate Sustainability Benchmark (GRESB) study.

 

In 2014, Sponda drafted a Code of Conduct that lays the foundation for the company’s responsibility efforts.