During the year, Stena Property received the prize as the best commercial property company in Sweden. The grounds for the award highlighted that the company, through its 20-year sustainability journey, has paved the way for the development that now characterises the entire industry. The company was also nominated in the category of Real Estate Company of the Year Residential, where the company achieved second place.

In addition, the company was awarded the prestigious ‘Greatest Digital Transformation’ prize by Optimizely for its innovative digital advances with the ‘My Pages’ customer platform. Stena Property’s digital transformation of the customer journey is described as having contributed to a new standard for customer experiences in the industry.

Stena Property also won an award for the new production project with the highest customer satisfaction rate, on completion of the Bellevuegården project in Malmö. The prize was awarded by Kundkristallen, which conducts customer surveys for the entire industry.

During 2023, Stena Property continued to increase the ratio of sustainability-linked loans, which are linked to KPIs for neighbourhood safety, energy efficiency and reduced climate footprint. At the end of December 2023, the company achieved 75 per cent sustainable financing. Of this financing, 60 per cent concerns loans with a focus on social sustainability, while 15 per cent are green loans. The original target for 2027, to reach 50 per cent loans with a focus on social sustainability, has already been achieved with a good margin.

The results from this year’s safety index, which rose to 79.5 per cent as the best result ever achieved, show that the long-term measures to increase safety are paying off. Specifically, the safety index increased the most in the Lindängen area of Malmö.

For more than two decades, Stena Property has been committed to strengthening social sustainability in society through its successful approach, Relationship management. The work is based on the UN’s Sustainable Development Goals and focuses on four core areas: safety, work, school and leisure time. In 2023, Stena Property further stepped up its preventive work within social sustainability, in response to the increased social instability in Swedish society in the form of violence, gang crime and economic vulnerability. The company increased the number of relationship managers and worked actively on developing and deepening relationships and collaborations.

Stena Property has a long tradition of working with targeted initiatives for children and young people. In 2023, a total of 976 young people gained holiday jobs through Stena Property’s programmes.

Stena Property strives to become long-term self sufficient in electricity through investments in battery storage and solar energy. The goal is to become 60 per cent self-sufficient in the entire stock in Sweden by 2027. In 2023, 6.3 million kWh were produced, which is a tripling of self-generated electricity since 2022.

“Highly volatile electricity prices and uncertain supply are the basis for this initiative, which aims to provide us with long-term financial security while reducing our climate footprint,” says Cecilia Fasth.

Construction of a solar farm in southern Göteborg began during the year. When the plant is commissioned in February 2024, the company will achieve 50 per cent self-sufficiency in electricity in western Sweden. In collaboration with Ikano Bostad, a new sustainable district, Humlestaden, is being developed in Göteborg. To meet the energy needs of existing properties in the area, in 2023 the company installed Sweden’s largest energy storage facility with reused batteries. The energy storage facility has been in operation since the summer of 2023 and is contributing to strengthening Göteborg’s electricity grid in the face of future capacity challenges.

In 2023, Stena Property’s 27,000 apartments were integrated with AI-controlled district heating, resulting in reduced energy consumption while ensuring a more stable indoor climate for tenants.

Stena Property’s goal is to achieve net-zero carbon emissions by 2045, and a 55 per cent reduction from 2018, as the base year, to 2030. The company’s work to reduce its climate impact includes the entire value chain (Scope 1, 2 and 3), with significant progress for all scopes.

Most of Stena Property’s climate footprint currently comprises the supply chain linked to new production and renovations (Scope 3). These emissions account for around 82 per cent of the total emissions. To reduce these emissions, the company increased its efforts during the year, with focus on the supply chain for the renovation of apartments and new production projects. Stena Property’s climate footprint in Scope 1, 2 and 3 has been reduced by 23 per cent since 2018, which is in line with the goal.

The need for climate adjustments has increased in importance in recent years, with increased demands from insurance companies, banks, and customers. In 2023, Stena Property conducted a risk analysis at a few selected pilot properties, to manage a changed climate. The aim is to launch a method and plan in 2024 for how Stena Property will work systematically with climate adjustment across the entire portfolio.

Stena Property works actively to create a safe and stimulating working environment, where innovation and care are guiding principles in everyday life.

The company constantly strives to strengthen and develop its employees, which is crucial in order to be an attractive employer in a complex world with tough societal challenges. The results from the engagement index reach 89 per cent and ENPs 53. Stena Property has gender equality in the Group management, Board of Directors, and other senior positions. Concerning the company’s ambition to reflect society in terms of diversity, this year’s measurements show that the company is successfully moving in the right direction.

The most important risks are interest rate trends, increased violence in society, and volatility in the energy system. To manage these risks, the company is working to hedge its intrest expenses in the long term, step up its Relationship management work and help to get more young people into work, as well as important initiatives to become self-sufficient in electricity.

People

Diversity

22%

Goal: At least 32% by 2027

The proportion of employees with an international background should reflect society’s diversity

Environment

Total carbon footprint 2023, tonnes of CO₂e

-23% since 2018

Scope 1: 195
Scope 2: 15,356
Scope 3: 71,099
Total: 86,650

Goal: -55% by 2030 compared to 2018 and net zero by 2045

Society

Security in residential areas

79.5%

Goal: At least 82%  by 2027

Safety is measured through Aktiv Bo, a customer survey. The survey is run every second year.