Sustainability

Niam publishes Sustainability Report for 2024

Niam publishes Sustainability Report for 2024  Image

Niam continues to focus on having a solid foundation in our sustainability work, constantly making improvements to increase positive impacts and reduce negative impacts within all material sustainability topics combined with creating financial value in our assets.

Our efforts to fulfill Niam’s sustainability ambitions have continued in 2024. Sustainability is an integrated part of our business model and we carry out our sustainability actions with a focus to increase net operation income, create long-term value and to meet our stakeholders' expectations.  

Within the social and governance aspects of sustainability, we developed new goals and clarified some of the existing ones. Along with our efforts to collect high-quality data for assessing and reporting on our progress, these goals form a solid foundation for our work in sustainability.  

We are working in many ways to reduce Niam’s negative climate impact. Our efforts go beyond energy efficiency and transitioning assets to sustainable energy sources. We are also improving by reducing carbon footprint in renovations, like at the Life Science Center in Espoo, Finland, where the carbon footprint was considerably reduced through a process of saving and repurposing fixed furnishing and building materials, instead of leaving them as waste (see page 27 in the report).  

We believe in promoting social sustainability. One example of that is our ongoing support of collaborative efforts to improve well-being and quality of life in Huddinge, Sweden (see page 33 in the report). In our role as employer, Niam wants to ensure the well-being, health and motivation of our employees. In 2024 we introduced a new measure to this end, the Employee Net Promoter Score (eNPS), that will provide us with relevant insights in order to make further improvements in this area.  

Our commitment to creating a better environment, safer workplaces, more attractive assets and neighborhoods combined with a profit mindset remains a fundamental priority.
Rikard Henriksson & Jennifer Andersson, Managing Partners at Niam

As the impact of climate change becomes increasingly evident worldwide, there is an important focus on physical climate risks for property owners and investors. We have therefore enhanced our ability to assess these risks both in potential new investments and for our current assets, by updating our risk assessment process and starting to use a new risk assessment tool.  

In today’s ever-changing regulatory landscape, the goal of any company’s sustainability efforts should be to contribute to the development of a society and environment that supports overall well-being. At the same time, these efforts help ensure the long-term viability of the company’s business. At Niam, we consider our Double Materiality Assessment conducted in 2024 an important tool for our transition, and it will help our value creation going forward. Our commitment to creating a better environment, safer workplaces, more attractive assets and neighborhoods combined with a profit mindset remains a fundamental priority.  

Rikard Henriksson & Jennifer Andersson  
Managing Partners at Niam 

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