Our sustainability work
Read moreOur sustainability work focuses on five key ESG topics.
SUSTAINABILITY REPORTING
Every day, throughout the year, we work on the company’s material sustainability issues and to achieve Balder’s sustainability goals. The work is continuously measured and analysed, and is summarised annually in Balder’s Annual and Sustainability Report. The sustainability efforts are also continuously evaluated by independent external parties.
Our Annual and Sustainability reports are available online and as downloadable PDF.
Since 2023, Balder has gradually adapted the reporting in accordance with the new EU directive CSRD/ESRS and will report fully in line from 2025. For several years we have also reported in accordance with the Global Reporting Initiative (GRI).
To assess risks and opportunities related to climate change, Balder follows the recommendations issued by the Task Force on Climate-Related Financial Disclosures (TCFD) and aims to create a resilient business.
The EU taxonomy
The EU Taxonomy is a common classification system that specifies what constitutes sustainable economic activities within an organisation. Balder is subject to disclosure requirements under the Taxonomy Regulation and reports both the proportion of economic activity covered by the EU Taxonomy (eligibility) and the proportion that aligns with the EU Taxonomy (alignment).
ESG ratings
Balder’s sustainability work is continuously evaluated by several of the world’s most established ESG analysis companies. These assessments provide an independent review of our work within environment, social responsibility and governance, and show how we perform in relation to industry peers using different methodologies and rating scales. The analyses show that Balder performs in line with comparable companies.
In 2025, Balder’s Sustainalytics rating improved to 14.3 (14.9), which is well within the low-risk range. The BBB rating from MSCI remained unchanged and indicates average performance. During the year, we also began reporting to S&P Global and achieved a CSA score of 47/100, which is above the average for comparable companies within the same industry. For the first time, we also received an official CDP result – a score C for the 2025 financial year.
Nasdaq ESG Transparency Partner
Balder is a certified Nasdaq ESG Transparency Partner. The Balder share is listed on Nasdaq Stockholm, and each year we report sustainability data to the exchange to demonstrate how we address environmental, social, and governance (ESG) topics. The certification is awarded to companies that demonstrate a commitment to market transparency and elevated standards within ESG.
Balder Norge AS and the Transparency Act
The Norwegian Transparency Act (Åpenhetsloven) aims to strengthen human rights and decent working conditions. The law requires large and medium-sized companies to identify, manage, and report annually on their risks and negative impacts throughout the entire value chain. For more information
