Pandox five focus areas
Pandox’s most important contribution to greater sustainable development is creating resource-efficient properties, sustainable operation, safe and secure environments for employees and guests, and new business opportunities. Pandox is also to contribute to reaching the UN Sustainable Development Goals. The focus is on areas where Pandox can create the most impact, both for the external environment and for the Company
Pandox’s sustainability strategy is based on the Company’s vision and business objectives, its impact on communities in terms of sustainability and climate change, and which issues the stakeholders consider to be important for Pandox to focus on. Current trends and the risks and opportunities identified by the Company are also taken into consideration. Based on these considerations, Pandox has defined the most material sustainability topics and divided them up into five focus areas. Pandox’s targets are presented in the section on each focus area. Sustainability is integrated into Pandox’s business model and into day-to-day work. There are clear activities and targets for sustainability within each focus area. They take into consideration the different ways in which Pandox can work on sustainability within the Property Management business segment compared to within Operating Activities.
|Focus area||Material sustainability topics||Contributes to UN SDGs|
- Reduce energy consumption
- Reduce greenhouse gas emissions and limit climate change
- Climate adaptation of buildings
- Reduce water consumption
- Reduce the volume of waste and food waste
- Increased use of sustainable materials
- Environmental certification of buildings and hotel operations
- Good business ethics and anti-corruption
- Sustainable supply chains
- Zero tolerance for trafficing and prostitution
- Satisfied guests
- Guests health and safety
- Guest integrity and data security
- Attractive workplace that encourages development
- Health and safety in the workplace
- Fair employment terms and equal rights
Read more Sustainability initiatives
Science Based Targets
In 2022 Pandox submitted its commitment to producing climate targets to the Science Based Targets initiative. Pandox’s science-based targets constitute a robust framework for work on topics relating to energy and materials at the Group level.
Climate adaptation of our buildings
Climate change impacts Pandox as a company as well as its properties – and will continue to do so in the future. It is therefore important right now to analyse how Pandox will be impacted and to plan ways to manage potential effects.
In 2022 Pandox started to work on human rights due diligence. A first step in this process was the implementation of an impact assessment. This is part of ensuring that Pandox has robust processes in place to discover, prevent and handle potential breaches and to meet future legal requirements.