Atrium Ljungberg Archives - SustainCase - Sustainability Magazine Insights on how you can protect the environment, maintain and increase the value of your company, through a structured CSR/Sustainability process with the use of the GRI Standards. Learn how Today's Best-Run Companies are achieving Economic, Social, and Environmental Success - and How You Can Too... Fri, 29 Sep 2023 05:51:24 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 Case study: How Atrium Ljungberg creates economic value for its stakeholders https://sustaincase.com/case-study-how-atrium-ljungberg-creates-economic-value-for-its-stakeholders/ Fri, 29 Sep 2023 05:51:24 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15416 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/ […]

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]]> 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

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:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

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:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
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

Note to Atrium Ljungberg: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

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