Performance and targets

On an annual basis, KIRKBI sets targets to guide our sustainability efforts and to ensure continuous improvement. These include ‘evergreen’ targets such as employee engagement and near-term targets such as developing carbon reduction roadmaps. The outcomes of the targets are included in the Annual Report

2022 Target

People & Play Conscious inclusion training for all employees by end 2022

Maintain PULSE score on ‘immediate leader’

Obtain PULSE score 5 points above GELx benchmark

Define KIRKBI approach to community engagement with a focus on Play

Planet Develop Science Based Target (SBT) roadmaps

Improve environmental footprint of the KIRKBI office by 10 %

Utilise 20 % Sustainable Aviation Fuel

Achieved 2022 Performance Highlights

• Participation rate of 85 % impacted by employees on parental leave, etc.

• PULSE score decreased by 1 point to 84 (benchmark: 79 points)

• PULSE score decreased by 2 to 84 - 8 above benchmark at 76 points

• Local Community Engagement program launched

• Carbon reduction activities identified, mapped, and translated into near-term targets

• Energy use reduced by 20 % compared to 2021; Recycling rates increased by 29 percentage points compared to 2020

• Due to difficulties in procuring SAF, we were only able to procure volumes equal to 8 % of total fuel use. See case on page 43 for more details

Develop and trial the KIRKBI Real Estate tenant strategy

Automate collection of use data from Real Estate portfolios

Partner Further refine and adapt responsible ownership model

Review ESG performance of the equity portfolio, including external managers

• Strategy trialed with tenants of Copenhagen properties

• 80 % data automation across Real Estate portfolios, including 98 % automation for Danish properties. Improved data automation allows for efficient operations of properties

• Responsible ownership model refined with scoring criteria for sustainability performance specified for companies in the Long-term Equity portfolio and the managers of the Private Equity portfolio

• 100 % of Private Equity funds engaged on emissions and reduction targets. All non-low risk companies engaged on Science-Based Targets

People & Play

2023 and long-term targets

Maintain PULSE score 5 points above benchmark

Maintain gender balance of 45 %/55 % in organisation

Reach gender balance of 45 %/55 % at Director+ level by 2027

Maintain gender balance of 45 %/55 % among people leaders

Planet Reduce CO2e emissions in Own Operations by 5 % compared to 2022

Reduce CO2e emissions in Real Estate by 5 % in a like-for-like portfolio compared to 2022

Increase portfolio SBT coverage by 5 percentage points compared to 2022

Certify 5 properties to sustainable building standards

Sustainable Aviation Fuel

Partner Engage all General Partners (private equity) on ESG and Climate management

With focus on reducing emissions from private aviation activities, KIRKBI defined an ambitious target to replace 20 % of the aviation fuel used with the lessemitting Sustainable Aviation Fuel (SAF). In August, KIRKBI accepted the first truckloads of SAF ever to be delivered to Billund Airport; however, due to a surge in global demand, as well as interruptions to the supply, we were only able to secure a volume equal to approx. 8 % of our total usage, resulting in a saving of 125t CO2e. We continue to work with partners and suppliers to secure the delivery of SAF to Billund Airport.