RVBA-SKANSConstruction & Contractors

Skanska — in detail

Full extracted data, every event in the company's history we've captured, and (soon) external news. The full ratios diagnostic with peer benchmarks lives at /ratios.

Reference sources (3/5)

Source documents
Recent disclosure
Multi-year metrics
Targets
Certifications

External news

No ESG-relevant news ingested yet for this company. Run python -m pipeline.news_gdelt to backfill. Sourced from GDELT 2.0 (3-month trailing window).

Data by year· every metric + key events per year

Each year shows the firm's reported metrics on the left and the most material events on the right. Up to 10 events per year; the full event log is one click further.

2025

sustainability report ↗

Governance

workforce board female pct

38%

2024

sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	149,000
Scope 2 (market-based)	6,000
Scope 3	1.2M
Cat 1 · Purchased goods	775,000
Cat 2 · Capital goods	0
Cat 3 · Fuel + energy	46,000
Cat 4 · Upstream transport	0
Cat 5 · Waste in operations	3,000
Cat 6 · Business travel	14,000
Cat 7 · Employee commuting	0
Cat 11 · Use of sold products	380,000
Gross carbon footprint	1.4M
Net carbon footprint	1.4M

Energy (kWh)

Electricity	258M
Fuel (stationary + mobile)	780M
Heat / steam	50M
Total energy	1.1B
Renewable energy	(455M)
Non-renewable / hydrocarbon	633M
Renewable electricity %	99%

Nature

waste landfill t

6% of self-generated waste

Social

workforce board female pct	33%
workforce female pct	20%
workforce management female pct	24%
h s lost time injury rate	2per 1000000 hours
h s fatalities	1count

Governance

audit assurance climate levelⓘ	1scale 0-2
board diversity pct	33%
esg linked executive pay yn	1boolean

P&L highlights (USD)

Headcount (FTE)	26,276people
Revenue	176.5B
Cost of revenue	(162B)
Gross profit	14.5B
Total operating expenses	(169.7B)

Balance sheet highlights (USD)

Property, plant & equipment	9.1B
Right-of-use (leased) assets	3B
Total assets	171.2B
Total debt	21.8B
Cash & equivalents	18.4B

Market & shares

Market cap (FY-end)

95.8B

Events 2024· 28

99% renewable electricity; transition to electrified production

In 2024, 99% (vs 93% in 2023) of electricity consumed came from renewable sources. Skanska is transitioning towards electrification of own production. 37% of total sales volume from quarry sites in Sweden produced with a partly electrified production line. Increased Group-wide use of renewable electricity has been a key factor in reducing scope 2 emissions. Renewable energy (excluding heating/cooling) reached 42% in 2024 vs 21% in 2020.

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Primary: Fuel & fleet electrification — diesel onsite machinery

Diesel accounts for ~75% of Skanska's own fuel-related emissions (scope 1), used primarily for on-site machinery and electric generators. Key levers: efficiency improvements, increased electrification of production lines (quarries, asphalt plants), and increased use of biofuels. Fuel-derived renewables share increased from 15% (2020) to 26% (2024).

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Dependent: Use-of-sold (scope 3 category 11) – buildings energy efficiency

Use of sold products is the dominant single scope 3 category for the Project Development streams (380 ktCO2e in 2024, down from 890 ktCO2e in 2020). Calculated using 50-year expected lifetime for buildings and 100-year for infrastructure, recognized upon divestment. Office buildings divested by commercial development units delivered 25% expected energy reduction vs national NZEB market standards. 100% of divested office value was LEED Platinum/Gold, BREEAM Excellent or WELL certified.

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Sustainable water management focus

Skanska promotes sustainable water usage by integrating water efficiency solutions: greywater systems, flow control taps, rainwater harvesting, smart irrigation. Specific demand seen in Central Europe due to increased drought frequency. Modřanský Cukrovar project will save residents ~50% drinking water (97,000 liters/day) via greywater + rainwater systems.

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Dependent: Use-of-sold-products: energy-efficient buildings

Annual expected energy reduction of 25% in divested office buildings developed by commercial development business units in Nordics, Europe and USA compared to market standards (NZEB/ASHRAE benchmarks). Use of sold products (scope 3 category 11) is the largest lifecycle emission category at 380,000 tCO2e in 2024. 100% of divested commercial offices in 2024 certified LEED Platinum/Gold, BREEAM Excellent, or WELL.

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Dependent: Supply-chain materials — concrete, steel, asphalt, cement, bitumen

Purchased goods and services (scope 3 cat 1, limited to cement, concrete, steel, bitumen, asphalt) account for 775,000 tCO2e in 2024 — the largest scope 3 category by far. Materials represent ~54% of Skanska's average value-chain emissions footprint (2020-2024). Decarbonisation depends on supplier transition (low-carbon cement substitutes, recycled asphalt, green steel).

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Aligned with UN SDGs 5, 8, 9, 11, 12, 13, 16

Skanska actively supports the UN Sustainable Development Goals, with the greatest impact on goal 11: Sustainable cities and communities. Identified sub-targets where business contributes: 5.1, 5.5, 8.4, 8.7, 8.8, 9.1, 9.4, 11.1, 11.2, 11.3, 11.6, 11.7, 12.2, 12.4, 12.5, 13.1, 16.5.

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Primary: Renovation/retrofit revenue stream

8% of Group revenue in 2024 came from renovation of existing buildings. Skanska sees a growing market segment driven by regulations targeting energy efficiency in properties. Building reuse and refurbishment optimizes resource use and avoids embodied carbon of new construction.

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No explicit removals programme; focus on absolute reduction

Skanska's climate transition plan focuses primarily on absolute emission reductions (design for efficiency, low-carbon materials, energy) rather than offsets or removals. The SBTi-approved targets cover scope 1, 2, and 3 reductions toward net-zero by 2045. The report does not mention purchase of durable removal credits (DAC, BECCS, biochar) nor offset retirements as part of the inventory. Carbon intensity in own operations (scope 1+2) reduced from 2.60 in 2015 to 0.88 tCO2e/SEK M revenue in 2024.

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SBTi-validated net zero target by 2045

Skanska's near-term science-based emission reduction targets are approved by the Science Based Targets initiative. Net-zero carbon emissions in own operations and value chain by 2045. Interim targets: 70% reduction scope 1+2 by 2030 (vs 2015 baseline); 50% reduction scope 3 by 2030 in development streams (vs 2020 baseline).

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2023

sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	146,000
Scope 2 (market-based)	16,000
Scope 3	1M
Cat 1 · Purchased goods	709,000
Cat 2 · Capital goods	0
Cat 3 · Fuel + energy	41,000
Cat 5 · Waste in operations	3,000
Cat 6 · Business travel	15,000
Cat 11 · Use of sold products	246,000
Gross carbon footprint	1.2M
Net carbon footprint	1.2M

Energy (kWh)

Electricity	237M
Fuel (stationary + mobile)	750M
Heat / steam	58.4M
Total energy	1B
Renewable energy	(397M)
Non-renewable / hydrocarbon	648M
Renewable electricity %	93%

Nature

waste recycled t	79%
waste landfill t	5%

Social

workforce management female pct	25%
workforce board female pct	38%
h s lost time injury rate	3per 1000000 hours
h s fatalities	0count
workforce female pct	20%
h s total recordable injury rate	1,076total cases

Governance

audit assurance climate levelⓘ	1scale 0-2
board independence pct	100%
board diversity pct	38%
esg linked executive pay yn	1yes/no

Circularity

recycled content input pct

23%

P&L highlights (USD)

Headcount (FTE)	27,256people
Revenue	157.1B
Cost of revenue	(153.9B)
Gross profit	3.2B
Total operating expenses	(161.9B)

Balance sheet highlights (USD)

Property, plant & equipment	8B
Right-of-use (leased) assets	3.1B
Total assets	155.2B
Total debt	17.8B
Cash & equivalents	17.9B

Market & shares

Market cap (FY-end)

76.6B

Events 2023· 33

93% renewable electricity, increased biofuels in fleet and quarry operations

93 percent of electricity consumed comes from renewable sources, up from 87% in 2022. Key factors in fuel emission reduction include efficiency improvements, increased electrification and increased use of biofuels (renewable fuels share of fuel rose from 16% to 24% in 2023). 35% of Swedish quarry sites have replaced diesel with electricity in the production line. Hyllie Terrass sources 100% renewable electricity from E.ON supplemented by rooftop solar + battery. Powerhouse Lade in Norway uses heat pumps, thermal wells, solar and solar-hybrid panels to be energy-positive over the building lifetime.

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SBTi-validated net-zero 2045 with 1.5°C alignment

Skanska's near-term science-based emission reduction targets are approved by SBTi. Targets: -70% scope 1+2 by 2030 (vs 2015), -50% scope 3 by 2030 (vs 2020), net-zero by 2045.

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Climate target added to long-term incentive program (Seop 6)

Starting 2023, a carbon emission reduction target is included in the Skanska Employee Ownership Program (Seop 6). For top 400 leaders, up to 15% of performance shares linked to climate target and 7% annual carbon emission reduction in scope 1 and 2.

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No removal credits — focus on emissions reductions and certifications

Skanska's net-zero 2045 strategy focuses on direct emission reductions across own operations and value chain via low-carbon materials, electrification, renewable energy, circularity and refurbishment, rather than carbon credit offsets or durable removals. The Group does not disclose any carbon removal or offset volumes in 2023. NollCO2 certification (Sweden Green Building Council) requires that the climate impact of a building's entire life cycle be accounted for and balanced with production of renewable energy over the building's lifetime — Hyllie Terrass is aiming for this.

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Dependent: Purchased goods (cement, steel, asphalt, bitumen) — scope 3 cat 1

Purchased materials account for ~52% of value chain emissions (2020-2023 average). Skanska focuses on engaging suppliers for low-carbon concrete, mass timber substitution (Portland International Airport reduced embodied carbon by 3,900 tonnes by using mass timber vs steel), and concrete admixture innovations. At Hyllie Terrass, working with concrete provider UPB enabled low-carbon precast concrete façade saving ~3,000 tonnes CO2.

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Divested LaGuardia Terminal B ownership

Skanska divested its 32% ownership of LaGuardia Terminal B in New York for USD 115 M (~SEK 1.2 billion) to existing partners MI LaGuardia CTB, LLC and Vantage Airport Group.

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Energy benchmark changed from ASHRAE to NZEB

Benchmark changed from ASHRAE to NZEB for the KPI 'Energy reduction in new office buildings'.

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Primary: Low-carbon concrete and recycled asphalt in own production

16% (15) of Swedish concrete production in 2023 was low-carbon concrete. Internal expert forum scales solutions including cement-free concrete, biochar in concrete and cement-replacing binders. New Vällsta asphalt plant outside Stockholm, operational from 2023, can produce 100% recycled asphalt and cuts CO2 per tonne of asphalt by up to 50% vs similar plants. Average reused asphalt content in new mixes was 23% (Sweden).

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Aligned with seven UN SDGs

Reports alignment with SDGs 5 (Gender Equality), 8 (Decent Work), 9 (Industry/Infrastructure), 11 (Sustainable Cities — primary focus), 12 (Responsible Consumption), 13 (Climate Action), 16 (Peace and Justice).

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Primary: Electrification of construction equipment and biofuels

Increased use of electric machinery and biofuels is a key driver of scope 1+2 reductions, contributing to 60% reduction vs 2015. Recent trials of electric excavators in the USA followed successful use in the Nordics. In Stockholm's Slakthusområdet (largest fossil-free project in Nordics), 10% of on-site machines are electric and remainder runs on HVO renewable fuel.

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2022

sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	164,000
Scope 2 (market-based)	18,000
Scope 3	1.7M
Cat 1 · Purchased goods	864,000
Cat 3 · Fuel + energy	42,000
Cat 5 · Waste in operations	3,000
Cat 6 · Business travel	9,000
Cat 11 · Use of sold products	770,000
Gross carbon footprint	1.9M
Net carbon footprint	1.9M

Energy (kWh)

Electricity	228M
Fuel (stationary + mobile)	752M
Heat / steam	43.4M
Total energy	1B
Renewable energy	(318M)
Non-renewable / hydrocarbon	706M
Renewable electricity %	87%

Nature

waste landfill t

Social

h s fatalities	5count
workforce female pct	20%
h s lost time injury rate	3per 1000000 hours
workforce management female pct	25%
workforce board female pct	38%

Governance

board independence pct	75%
audit assurance climate levelⓘ	1category
esg linked executive pay yn	1boolean

Circularity

circular revenue pct

11%

P&L highlights (USD)

Headcount (FTE)	28,380people
Revenue	161.6B

Balance sheet highlights (USD)

Property, plant & equipment	7.8B
Right-of-use (leased) assets	3.3B
Total assets	151.6B
Total debt	14.7B
Cash & equivalents	10B

Market & shares

Market cap (FY-end)

69.3B

Events 2022· 36

Primary: Energy efficiency of developed buildings

Skanska reduced operational energy intensity 36% between 2015 and 2022 (6.33 MWh/SEK M vs 9.94 MWh/SEK M). New office buildings divested in 2022 use 39% less energy than the LEED baseline. 100% of office divestments (SEK 8.3bn) were LEED Platinum/Gold, BREEAM Excellent or WELL-certified. Tools include digital twin (Intellekt in UK delivering 35% energy reduction in one project).

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Primary: Electrification of construction machinery and vehicles

Skanska is deploying electric heavy machinery on fossil fuel-free building sites in Sweden and Norway, with Norway most advanced — 17 electric excavators plus other electrical machinery in use. Quarries in Sweden replaced diesel with electricity for the production line at 30% of sites in 2022 (collaboration with Volvo).

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Primary: Low-carbon concrete and cement

Concrete has among the highest embodied carbon. Skanska Betong launched a collection of low-carbon concrete mixes in 2019 that replace cement with slag or fly ash, reducing climate impact by up to 50%. 15% of concrete produced by Skanska Betong in 2022 was low-carbon (up from 5% in 2021). 41% of this was used within Skanska in Sweden.

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Biodiversity Net Gain pilot in UK

Skanska in the UK started applying the biodiversity net gain (BNG) approach to civil works projects starting in 2020. BNG will be mandatory in UK legislation from November 2023. Examples include Mindenhurst army base redevelopment improving non-linear habitats by 3%, linear by 6%, river by 19%.

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Limited assurance on GHG, H&S, energy, waste reporting

External auditors EY performed limited assurance on Skanska AB's greenhouse gases, health and safety, energy and waste reporting for 2022.

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Primary: Fleet & site machinery electrification + renewable fuels (HVO100)

Fuel usage (mainly diesel in on-site machinery and electric generators) accounts for ~90% of Skanska's own emissions. Norway runs 17 electric excavators plus other electric machinery on fossil-fuel-free building sites. In Sweden, 30% of quarry sites have replaced diesel with electricity on the production line (partnership with Volvo). Construction projects such as Gottorps Hage in Sweden fueled all on-site equipment with HVO100 renewable diesel. Business units set fuel/vehicle targets in their climate plans.

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Investment Properties business stream launched

Investment Properties business stream launched in 2022 with aim of building portfolio of high-quality Swedish office properties valued at SEK 12-18 billion. Portfolio at year-end 2023 totaled SEK 5.1 billion across 5 properties.

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New business stream: Investment Properties launched 2022

Skanska introduces a new business stream within the Group, Investment Properties, starting 2022. This will build a portfolio of Swedish office properties to generate rental income and stable cash flows. Includes revised financial targets including new ROCE ≥6% target for Investment Properties.

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Aligned with SDGs 5, 8, 9, 11, 12, 13, 16

Skanska supports the UN SDGs and lists subtargets for seven relevant SDGs: 5 (Gender equality), 8 (Decent work), 9 (Industry, innovation, infrastructure), 11 (Sustainable cities — primary focus), 12 (Responsible consumption), 13 (Climate action), 16 (Peace, justice, strong institutions).

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Scope 2 location and Scope 3 use of sold products restated for 2022

Scope 2 Location-based emissions for 2022 and Scope 3 Use of Sold Products emissions for 2022 adjusted due to updated emission factors.

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2021

sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	194,000
Scope 2 (market-based)	22,000
Scope 3	1.7M
Cat 1 · Purchased goods	950,000
Cat 3 · Fuel + energy	45,000
Cat 5 · Waste in operations	12,000
Cat 6 · Business travel	5,000
Cat 11 · Use of sold products	695,000
Gross carbon footprint	1.9M
Net carbon footprint	1.9M

Energy (kWh)

Electricity	226M
Fuel (stationary + mobile)	834M
Heat / steam	26.6M
Total energy	1.1B
Renewable energy	(316M)
Non-renewable / hydrocarbon	771M
Renewable electricity %	78%

Nature

waste landfill t

4% of self-generated waste

Social

h s fatalities	3count
workforce female pct	19%
workforce management female pct	24%
workforce board female pct	43%
h s lost time injury rate	3per 1000000 hours

Governance

audit assurance climate levelⓘ	1scale 0-2
board diversity pct	43%
esg linked executive pay yn	1boolean

P&L highlights (USD)

Headcount (FTE)	30,051people
Revenue	147.6B
Cost of revenue	(128.2B)
Gross profit	19.4B
Total operating expenses	(135.6B)

Balance sheet highlights (USD)

Property, plant & equipment	7.3B
Right-of-use (leased) assets	3.3B
Total assets	139B
Total debt	15B
Cash & equivalents	10.9B

Market & shares

Market cap (FY-end)

98.3B

Events 2021· 30

Primary: On-site machinery electrification and biofuel switch

Scope 1 emissions account for ~90% of own emissions; diesel for on-site machinery is ~half of scope 1. Skanska is electrifying excavators (e.g. ZED project in Norway, eight electric machines in operation, reducing emissions up to 98% per machine when powered by renewable electricity) and switching diesel to HVO biofuel across UK sites for ~90% emissions reduction.

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SBTi validation of climate targets

Climate targets validated by Science Based Targets initiative as in line with the Paris Agreement.

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Joined Leadership Group for Industry Transition (LeadIT)

Skanska joined LeadIT, a partnership of companies and countries committed to the Paris Agreement, in 2021.

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TCFD alignment in progress

Skanska is applying climate-based scenario analysis aligned with TCFD recommendations, cooperating with WBCSD since 2019 to implement TCFD and business-centric climate scenario analysis.

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UN Global Compact signatory since 2001

Skanska has been a signatory of the United Nations Global Compact since 2001 and continues to support its ten principles relating to human rights, labor, environment, and anti-corruption.

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Increasing renewable electricity share; PPAs, solar PV, geothermal

Skanska increased its share of renewable electricity from 36% (2019) to 78% (2021). Renewable energy is 29% of total energy. The company invests in solar PV at sites (e.g. Scilla project: 1,400 sqm of solar cells covering 60% of property electricity needs; Karlskrona solar cell plant expansion). On UK sites, hydrotreated vegetable oil (HVO) replaces diesel across all projects, certified under International Sustainability and Carbon Certification scheme.

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Primary: Biofuel substitution (HVO replacing diesel)

In the UK, Skanska is switching from high-emission fuels to hydrotreated vegetable oil (HVO) across all UK projects to power all site plant and equipment. Estimated 90% CO2e reduction. Trialled in HS2 Phase One — 100% diesel-free project replacing diesel with HVO, avoiding approximately 250 tonnes CO2e.

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Dependent: Use-of-sold-products: energy efficiency of completed buildings

Use of sold products accounts for 41% of scope 3 (695 ktCO2e in 2021), covering projects' energy use over their expected life cycle. Skanska achieved -30% expected annual energy reduction in divested office buildings developed by Commercial Property Development vs LEED baseline. Projects use WELL/LEED/BREEAM certifications; 84% of divested commercial buildings (SEK 6.1bn) were certified.

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Divested UK infrastructure services business

Operating income in Europe includes a gain of SEK 370 M related to divestment of the infrastructure services business in the UK.

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Increase to 78% renewable electricity; biofuels (HVO) replacing diesel; on-site solar

Skanska has increased renewable electricity from 36% (2019) to 78% (2021). The Group is electrifying fleet (e.g. emission-free excavators in Norway via ZED project reducing emissions up to 98%), switching diesel to hydrotreated vegetable oil (HVO/Green D+) across UK sites for ~90% CO2e reduction, and integrating on-site solar on developments (Scilla, Täby Park solar generates 270 MWh covering 60%+ of property electricity needs). Total renewable energy share of consumption excluding heat/cooling is 29% in 2021.

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2020

sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	193,020
Scope 2 (market-based)	71,575
Scope 3	1.9M
Cat 1 · Purchased goods	986,777
Cat 3 · Fuel + energy	44,921
Cat 5 · Waste in operations	20,000
Cat 6 · Business travel	4,139
Cat 11 · Use of sold products	835,699
Gross carbon footprint	2.1M
Net carbon footprint	2.1M

Energy (kWh)

Electricity	300.2M
Fuel (stationary + mobile)	821.5M
Heat / steam	26.1M
Total energy	1.1B
Renewable energy	(243.5M)
Non-renewable / hydrocarbon	904.3M
Renewable electricity %	40%

Nature

waste landfill t

Social

h s lost time injury rate	3per 1000000 hours
h s fatalities	2count
workforce female pct	18%
workforce board female pct	43%
workforce management female pct	25%

Governance

board independence pct	100%
audit assurance climate levelⓘ	1scale_0_2

P&L highlights (USD)

Headcount (FTE)	32,463people
Revenue	160.3B
Cost of revenue	(143.5B)
Gross profit	16.9B
Total operating expenses	(147.7B)

Balance sheet highlights (USD)

Property, plant & equipment	6.8B
Right-of-use (leased) assets	6.9B
Total assets	125.6B
Total debt	15.1B
Cash & equivalents	19.5B

Market & shares

Market cap (FY-end)

86.5B

Events 2020· 17

Dependent: Low-carbon materials in supply chain (concrete, steel)

Most emissions come from production of materials such as concrete, steel and asphalt (Scope 3 cat 1 = 986,777 tCO2e). Skanska partners with suppliers like Saint-Gobain on circularity and life-cycle analysis. Projects use Rebetong (100% recycled aggregate concrete with ~12% lower emissions), climate-improved concrete in Hyllie Terrass NollCO2 pilot.

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Aligned with UN SDGs 5, 8, 9, 11, 12, 13, 16

Skanska has identified seven relevant SDGs: Goal 5 (Gender equality), Goal 8 (Decent work), Goal 9 (Industry/infrastructure), Goal 11 (Sustainable cities - particular relevance), Goal 12 (Responsible consumption), Goal 13 (Climate action), Goal 16 (Peace/justice).

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Scope 3 base year set to 2020

In recent years Skanska expanded and improved value chain data quality, establishing 2020 as the base year for scope 3 emissions. Scope 1+2 base year remains 2015. New sustainability reporting system introduced in 2022 enables more granular data collection.

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CDP Climate A-, CDP Water C, MSCI AAA

Skanska holds CDP Climate A- and CDP Water C ratings, and MSCI AAA rating. Listed in OMX Stockholm 30 ESG Responsible Index and FTSE4Good.

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Biochar carbon removals pilot

Skanska launched a biochar pilot in 2020 and purchased its first biochar equipment. Biochar is produced by pyrolysis of organic material from agricultural and forest residues, with estimated climate benefit of 2 tonnes CO2 per tonne biochar produced. First project: Skellefteå Site East in Hedensbyn to char land-development stumps. Skanska does not currently disclose explicit offset retirement volumes for inventory purposes.

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Covid-19 pandemic impact

Covid-19 negatively impacted operations particularly in Construction stream (Europe and USA disruptions, postponed projects). Production efficiency recovered to pre-Covid levels by second half 2020. Revenue declined ~7% but operating income increased due to PPP divestment gains.

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Primary: Circular construction and waste reduction

Self-generated waste to landfill reduced to 4.4% (target 5%). ESS project achieved zero waste to landfill. Hyllie Terrass and Epic projects use upcycled materials (35,221m of reused window frames, 17t reused bricks). Biochar pilot turns wood waste into carbon-negative product with 2 tonnes CO2 climate benefit per tonne produced.

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Primary: Energy-efficient certified buildings (LEED/BREEAM/WELL)

98% of divested commercial buildings (SEK 12.1 bn) were certified WELL, LEED (Platinum/Gold) or BREEAM (Excellent). Divested office buildings achieve 42% annual energy reduction vs LEED baseline. ~130 ongoing/completed projects under external certification in 2020.

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Renewable electricity at 40% of total electricity use; solar/geothermal in projects

40% of Skanska's electricity is renewable (vs 36% in 2019). Total renewable energy share 21% (excluding heat/cooling). Solar PV deployed in projects like Norra Vitsippan (net-zero energy). Industrial symbiosis (e.g., ESS using sugar mill beet sand) and PPA-style heat recovery agreements (ESS-E.ON cooling/recycled heat solution).

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Net-zero carbon emissions target by 2045 including value chain

Skanska has set a target of achieving net-zero carbon emissions by 2045 including the value chain (scope 1, 2 and 3). Interim target is 50% reduction by 2030 vs 2015 baseline. Committed to having target SBTi-validated.

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