Skanska AB sustainability score: 44/100

Skanska reports Scope 1 and 2 emissions since 2015 baseline (402,000 tCO₂e), achieving 61% reduction to 157,000 tCO₂e by 2024. External auditors provide limited assurance on GHG data. Clear breakdown by scope shows Scope 1 declined from 322,000t (2015) to 151,000t (2024).

Skanska quantifies Scope 3 emissions with 2020 baseline (1,945,000 tCO₂e), reporting 37% reduction to 1,225,000 tCO₂e by 2024. However, coverage spans only 1 of 15 GHG Protocol Scope 3 categories. UK operations track embodied carbon in materials; supplier engagement on low-carbon materials evidenced.

Scope 1+2 declined 61% from 2015 baseline; Scope 3 declined 37% from 2020 baseline. Company is 87.77% of planned Scope 1+2 reduction and 74.66% of planned Scope 3 reduction targets. Absolute targets covering operations and partial value chain. Incomplete because Scope 3 covers only 1 of 15 categories.

62% of total energy from renewables in 2023 (397,000 MWh of 1,045,000 MWh total). Trend increasing through renewable energy purchases and biofuel use. Active electrification of equipment underway. Not yet at 90%+ renewable nor RE100 member, but clear transition plan in place.

World Benchmark Alliance ranks Skanska 14th of 62 construction peers with 'modest' nature performance. No group-level biodiversity impact assessment, supply chain nature impact, or ecosystem conversion avoidance disclosed. Skanska UK uses biodiversity net gain tool; ISO 14001 certified group-wide but no TNFD-aligned disclosure.

Skanska reports waste with limited external assurance and states focus on reusing and recycling materials. ISO 14001 certification across operations provides waste management framework. Restricted substance standard for hazardous chemicals. No publicly available circular economy targets with measurable metrics or comprehensive waste reduction data found.

Skanska acknowledges water efficiency as key environmental factor and demonstrates competence through water infrastructure projects built. However, no group-wide quantified water consumption data, reduction targets, or water footprint assessment disclosed. World Benchmark Alliance notes absence of water use targets.

SBTi-validated climate targets aligned with 1.5°C trajectory. Near-term: 70% Scope 1+2 absolute reduction by 2030 (vs 2015); 50% Scope 3 absolute reduction by 2030 (vs 2020). Long-term: 100% Scope 1+2 and 90% Scope 3 reduction by 2045. Company ahead of schedule on both. Reduction-first; no offset reliance.

Skanska publishes integrated Annual and Sustainability Report following ESEF standards and Swedish Annual Accounts Act. External auditors provide limited assurance on GHG, health & safety, energy, waste. EVP Sustainability and Innovation leads; board oversight present. MSCI 'A' rating; FTSE4Good included. No evidence of executive compensation linked to sustainability targets.

No greenwashing lawsuits, regulatory fines, or credible NGO criticism of environmental claims found. InfluenceMap notes positive climate policy engagement; CEO co-signed emissions reduction letters. Trade association memberships include ICC (mixed position) and CBI (positive). Named FT Climate Leader in Europe four consecutive years.