Case study: How Atrium Ljungberg creates economic value for its stakeholders
Atrium Ljungberg develops and manages properties, focused on developing attractive urban environments where offices, residentials and retail mix with culture, services, healthcare and education. Atrium Ljungberg’s vision – developing attractive and sustainable urban environments where people want to live, work and spend time – enables it to create sustainable value for the company and, therefore, for its shareholders and society.
This case study is based on the 2021 Annual and Sustainability Report by Atrium Ljungberg, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.
In 2021, the economic value distributed by Atrium Ljungberg reached SEK 2,378 million. Tweet This! In order to create economic value for its stakeholders Atrium Ljungberg took action to:
- create economic value for employees
- create economic value for the Board and CEO
- create economic value for financiers
- create economic value for shareholders
- create economic value for society
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With this case study you will see:
- Which are the most important impacts (material issues) Atrium Ljungberg has identified;
- How Atrium Ljungberg proceeded with stakeholder engagement, and
- What actions were taken by Atrium Ljungberg to create economic value for its stakeholders
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What are the material issues the company has identified?
In its 2021 Annual and Sustainability Report Atrium Ljungberg identified a range of material issues, such as energy, anti-corruption, emissions, non-discrimination and equal opportunities, employment. Among these, creating economic value for its stakeholders stands out as a key material issue for Atrium Ljungberg.
Stakeholder engagement in accordance with the GRI Standards
The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:
Stakeholders must be consulted in the process s of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.
Key stakeholder groups Atrium Ljungberg engages with:
| Stakeholder Group | Method of engagement |
| Customers | · Continuous dialogue in management · Annual customer survey · Collaboration in projects on new production, reconstruction and green lease contracts |
| Owners and investors
| · Feedback in connection with the sustainability assessment · Investor meetings · Annual strategy conference with the Board |
| Employees
| · Employee survey · Performance management process · Meetings and workshops |
| Municipalities (society) | · Meetings and workshops · Processing cases |
| Suppliers
| · Continuous dialogue in projects · Dialogue for procurements and enquiries |
How stakeholder engagement was made to identify material issues
To identify and prioritise material topics Atrium Ljungberg engaged with its stakeholders through individual interviews and web surveys.
What actions were taken by Atrium Ljungberg to create economic value for its stakeholders?
In its 2021 Annual and Sustainability Report Atrium Ljungberg reports that it took the following actions for creating economic value for its stakeholders:
- Creating economic value for employees
- In 2021, Atrium Ljungberg paid SEK 277 million in salaries and compensation to employees.
- Creating economic value for the Board and CEO
- In 2021, Atrium Ljungberg paid SEK 31 million in fees and compensation to the Board and CEO.
- Creating economic value for financiers
- In 2021, Atrium Ljungberg paid SEK 378 million to financiers.
- Creating economic value for shareholders
- In 2021, Atrium Ljungberg paid SEK 640 million in dividends to shareholders.
- Creating economic value for society
- In 2021, Atrium Ljungberg paid SEK 355 million in tax and SEK 2 million in social investments.
Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?
The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed
Disclosure 201-1 Direct economic value generated and distributed corresponds to:
- Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth
- Targets: 8.1, 8.2
- Sustainable Development Goal (SDG) 9: Industry, Innovation and Infrastructure
- Targets: 9.1, 9.4, 9.5
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References:
This case study is based on published information by Atrium Ljungberg, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:
https://mb.cision.com/Main/1145/3529045/1551393.pdf
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