Balco Group AB 2023 IR
The report highlights Balco Group's performance and sustainability initiatives for the fiscal year 2023. Despite facing economic challenges from inflation and rising interest rates, the company defended its profit margins through cost-efficiency measures and expanded its presence by acquiring NMT Montageteknik and joining the Science Based Targets initiative (SBTi). Balco Group also prepared for the upcoming CSRD requirements and achieved a low ESG risk rating from Sustainalytics, ranking among the top ten percent of construction sector companies. Additionally, the company successfully reduced its Scope 1 and Scope 2 emissions per hour worked by 44 percent compared to 2019, exceeding its 2025 target.
Company: Balco Group AB
Sector: Industrials
Country: Sweden
Year: 2023
Type: IR
Pages: 116
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Balco Group AB
Annual And Sustainability Report
The report highlights Balco Group's performance and sustainability initiatives for the fiscal year 2023. Despite facing economic challenges from inflation and rising interest rates, the company defended its profit margins through cost-efficiency measures and expanded its presence by acquiring NMT Montageteknik and joining the Science Based Targets initiative (SBTi). Balco Group also prepared for the upcoming CSRD requirements and achieved a low ESG risk rating from Sustainalytics, ranking among the top ten percent of construction sector companies. Additionally, the company successfully reduced its Scope 1 and Scope 2 emissions per hour worked by 44 percent compared to 2019, exceeding its 2025 target.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Total Waste
Women on Board
Women in Management
Net Zero Target
Employees