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Skanska
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Exponential Framework
Standing firm in uncertain times - delivering world-leading results in climate solutions enablement
Skanska's Leadership in the Exponential Framework
Where Skanska Can Have the Biggest Impact: Pillars 1 & 2: Operations + Value Chain (60%)
As a construction company, Skanska's impact spans both their own operations (equipment, sites) and their massive material supply chain. Concrete and steel procurement decisions drive most of their footprint.
Highlighted areas show where Skanska demonstrates climate leadership
Click any highlighted category to see evidence
Real Estate & Construction
REITs, developers, construction
Cut Operational Emissions
Scope 1 & 2 emissions from own facilities and fleet
Decarbonize Value Chain
Scope 3 upstream emissions from suppliers and materials
Why These Weights?
Skanska's climate impact is primarily through construction operations and building energy use (P1: 40%). Embodied carbon in materials represents significant secondary impact (P2: 30%). Green building solutions and net-zero buildings add tertiary impact (P3: 20%).
Climate Performance Across Five Pillars
Detailed assessment of commitment and reporting across each transformation pillar
Cut Operational Emissions
Commitment
70% Scope 1&2 reduction by 2030, net zero by 2045 across all operations
- 70% reduction in Scope 1&2 by 2030 (vs 2015 baseline)
- Net zero emissions by 2045 (all scopes)
- 99% renewable electricity across global operations
Progress & Evidence
61% reduction achieved - significantly ahead of 2030 trajectory
- 61% S1&2 reduction achieved (155,000 tCO2e in 2024)
- 99% renewable electricity globally; 100% in Sweden
- 38% renewable fuels in Q4 2024; UK fleet 60% BEV
- Electric Site Vikan: world's first emission-free quarry
Decarbonize Value Chain
Commitment
50% Scope 3 reduction by 2030 through low-carbon materials and supplier engagement
- 50% Scope 3 reduction by 2030 (vs 2020 baseline)
- ConcreteZero: 30% low-carbon concrete by 2025, 50% by 2030
- 100% net-zero steel by 2045
Progress & Evidence
37% Scope 3 reduction achieved - 74.66% of 2030 target complete
- 37% Scope 3 reduction achieved (ahead of trajectory)
- Green Concrete: 50% emission reduction, sales tripled 2021-22
- Rebetong: 100% recycled concrete aggregates in Czech Republic
- Basalt fiber + alkali-activated concrete: 50%+ carbon cut
Build & Scale Solutions
Commitment
Industry-transforming tools and net-zero buildings portfolio
- EC3 tool: free, open-source embodied carbon calculator
- Net-zero buildings across markets (LEED Platinum, Living Building)
- Circular construction at scale with material recovery
Progress & Evidence
EC3 tool now de facto industry standard with 16,000+ materials
- EC3: 16,000+ materials, 50 founding partners, Building Transparency nonprofit
- 1550 on the Green Houston: 45% embodied carbon reduction (9,711 tons saved)
- Hyllie Terrass: NollCO2 pre-certified, 31% carbon reduction
- Moynihan Train Hall: 70% historic stonework salvaged
Mobilize Finance & Investment
Commitment
100% green/sustainability-linked central financing; SEK 5.7B green bonds
- 100% of central financing is green or sustainability-linked
- Green Bond Framework aligned with EU Taxonomy
- Internal carbon pricing in project decisions
Progress & Evidence
Pioneer in construction green finance since 2014
- SEK 5.7B green bonds outstanding (first corporate issuer 2014)
- USD 75M NIB sustainability-linked loan
- EUR 250M committed credit facilities to 2026
- 15% of top 400 leaders' SEOP tied to emissions targets
Shape Policy & Narrative
Commitment
Active policy advocacy for EU procurement reform and building codes
- Procurement for Impact: EU 2026 procurement reform advocacy
- Swedish building code climate declaration development
- ConcreteZero, Building Transparency, CEO Alliance founding member
Progress & Evidence
Shaping regulations rather than merely responding to them
- Procurement for Impact paper: €2T EU public spending lever
- NollCO2 certification pilot partner (Sweden's net-zero building standard)
- Swedish 2027 carbon limit values input
- WorldGBC coalition letter signatory (60+ organizations)
Company Details
Legal entity information and industry classification
Company Details
Industry Classification (GICS)
Legal Entity Identifier (LEI)
Wikidata
LinkedInLinkedIn Profile
"Using knowledge & foresight to shape the way we live, work, and connect."
Skanska Group uses knowledge & foresight to shape the way people live, work, and connect. More than 138 years in the making, we’re one of the world’s largest development and construction companies, with 2024 revenue totaling SEK 177 billion. We operate in select markets throughout the Nordics, Europe and the United States. Together with our customers and the collective expertise of our 26,300 + teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime. Founded in Sweden in 1887 as a maker of concrete, we were driven by a dual purpose: to innovate and build what’s good for people and society. Today we develop, design and build everything from healthy and green office buildings to smart homes and infrastructure. We partner to innovate, and we continue to hold our founding values at the heart of everything we do. Skanska Linkedin Page House Rules We welcome and encourage participation. However, there are some rules we ask everyone to follow in order to maintain a friendly and respectful community. We will remove any posted content that is not aligned with Skanska's values and Code of Conduct, including: Text, images or video containing profanity, sexually graphic or offensive language, spam, illegal content – laws that govern the use of copyrights, trade secrets, etc. will be followed.
Sources & References
Data sources and documentation supporting this profile
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