- Data coverage challenges in GHG emissions, energy, and water consumption calculations
- Difficulties in data standardization for district heating emission factors
- Challenges in accurately tracking waste data and its final destination
- Indirect human rights risks related to stakeholders' activities
Baltic Horizon Fund
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Baltic Horizon Fund disclosed greenhouse gas emissions of 7.5K tCO2e/year. By scope: Scope 1: 493 tCO2e/year; Scope 2: 5.5K tCO2e/year; Scope 3: 1.5K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
7.5K tCO2e/year
2023
Renewable Energy
91% (electricity); 52% (total energy)
of total energy
Water Usage
66.9K m3/year
2023
Waste
2.3K tons/year
2023
Energy Use
31.2K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 493 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.5K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 7.5K tCO2e/year |
| 2022 | 9.0K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced absolute GHG emissions by 17% compared to 2022 (primarily due to property sales, but also asset-level improvements)
- 91% of the Fund's electricity came from renewable sources in 2023
- Achieved 100% BREEAM certification coverage across the entire portfolio
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain 4-star GRESB evaluation
- Achieve 100% green lease coverage
- Maintain 14% taxonomy-aligned assets
📅 Medium-term
- Achieve 30% energy intensity reduction
- Cooperate with only non-fossil energy suppliers by 2030
- Achieve operational net-zero carbon emissions by 2030
🔭 Long-term
- Operational net-zero carbon emissions by 2030
- B or better EPC for new acquisitions
🌱 ESG Focus Areas
Climate ChangeRenewable EnergyEnergy EfficiencyHuman RightsTenant EngagementCommunity EngagementGovernance