Balco investing in solar panels.
Balco is expanding its head office in Växjö. As a part of the expansion project, the Öman group will be installing solar panels on a new roof. In full operation, the solar cell installation is expected to produce approximately 38,000 kWh per year.
This is yet another step for Balco in increasing sustainability, and one of many targeted initiatives that Balco has taken that are now producing results in the form of an improved ESG risk rating.
In Sustainalytic’s latest assessment of the company, Balco improved its ESG risk rating from 28.6 to 20.8. The goal for 2022 is to fall below 20 and thus attain the ESG risk rating “Low”.