Samhällsbyggnadsbolaget i Norden AB, also known as SBB, is a Swedish real estate company that specializes in the acquisition, development, and management of residential and commercial properties across the Nordic region. The company was founded in 2016 by CEO Ilija Batljan, who has a background in real estate investment and development.
SBB has a strong focus on sustainability and decarbonisation, and has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy. The company has committed to achieving carbon neutrality by 2030, and has implemented a range of initiatives to reduce its energy consumption and greenhouse gas emissions.
One of SBB's key strategies for achieving its sustainability goals is through the use of corporate power purchase agreements (PPAs) for renewable energy. PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for electricity generated from renewable sources. By entering into these agreements, SBB is able to secure a stable and predictable source of renewable energy, while also supporting the growth of the renewable energy sector.
SBB has already signed several corporate PPAs for wind and solar energy, and is actively seeking out new opportunities to expand its use of renewable energy. In 2020, the company signed a 10-year PPA with Norwegian energy company Statkraft for the supply of 1.65 TWh of renewable energy per year, which is equivalent to the annual electricity consumption of around 165,000 households.
In addition to its use of corporate PPAs, SBB is also investing in its own renewable energy infrastructure. The company has installed solar panels on several of its properties, and is exploring the potential for other renewable energy technologies such as geothermal and biomass.
SBB's commitment to sustainability extends beyond its energy use, and the company is also focused on reducing waste and promoting circular economy principles. In 2020, SBB launched a circular economy initiative called "SBB Circular", which aims to promote the reuse and recycling of materials in the construction and maintenance of its properties. The initiative includes a range of measures such as the use of recycled materials in construction, the implementation of waste sorting systems, and the development of circular business models.
SBB's sustainability efforts have been recognized by a range of organizations and initiatives. In 2020, the company was included in the Dow Jones Sustainability Index, which recognizes companies that demonstrate strong environmental, social, and governance performance. SBB was also awarded the "Green Star" certification by GRESB, an industry benchmark for sustainability in real estate.
Despite its focus on sustainability, SBB is also a profitable and growing company. In 2020, the company reported a net profit of SEK 2.2 billion, and its portfolio of properties is valued at over SEK 100 billion. SBB's success is driven by its strategic focus on acquiring and developing properties in areas with strong demographic and economic growth, as well as its commitment to sustainability and innovation.
In conclusion, Samhällsbyggnadsbolaget i Norden AB is a Swedish real estate company that is leading the way in sustainability and decarbonisation. Through its use of corporate PPAs, investment in renewable energy infrastructure, and circular economy initiatives, SBB is demonstrating that it is possible for companies to be both profitable and environmentally responsible. As the world continues to grapple with the challenges of climate change, SBB's example serves as an inspiration for other companies to follow.