WALLENSTAM: Wallenstam's new business plan 2023-2030
Wallenstam's Board of Directors has taken a decision on a new business plan, which starts on January 1, 2023, with the goal of achieving a net asset value of SEK 100 per share. Wallenstam has also had its new climate targets validated by the Science Based Targets initiative (SBTi). As the Science Based Targets extend through 2030, the Board has decided to connect the entire business plan to the same period.
"To achieve a net asset value of SEK 100 per share means growth of SEK 38.50 per share from today's level. This is a challenging goal, especially in these turbulent and uncertain times, but I would like to communicate that there is hope for a bright future. Thanks to all our committed employees, our financial strength and a plan for our own growth, there are good possibilities of achieving the goal in the new business plan," says Hans Wallenstam, CEO.
During the business plan, the equity/assets ratio shall not be less than 35 percent. In connection with the new business plan, minor adjustments are also being made to the wordings of the company's vision and business concept.
Wallenstam's new Science Based Targets, approved by the Science Based Targets initiative (SBTi), mean that Wallenstam undertakes to reduce its Scope 1 and 2 emissions by 50 percent through 2030, from a 2018 base year. In addition, a voluntary goal has been defined for Scope 3 emissions: to reduce emissions from the construction operations by 55 percent, from a 2019 base year.
Wallenstam's vision:
Wallenstam shall be the natural choice for housing and premises.
Wallenstam's business concept:
We develop and manage people's homes and workplaces based on a high level of service and long-term sustainability in selected metropolitan areas in Sweden.
Wallenstam's goal in the business plan 2030:
The net asset value shall amount to SEK 100 per share.
- Customer: We shall improve the customer's overall impression of Wallenstam every year through attractive apartments and premises as well as good service.
- Security: We shall strive to ensure increased security for our customers that live and work in our properties.
- Employee: Through our strong corporate culture, we shall be an attractive employer and improve our Engagement Index score every year.
The new business plan will be presented at a Capital Markets Day, today December 9. The presentation (in Swedish) will be published during the day on www.wallenstam.se.