Energy Efficiency, GHG Emissions, Industrial  -  March 17, 2025

Skanska Emissions Decline 61%

Skanska announced the construction and development company continued to make progress on its sustainability targets in 2024. 

Carbon emissions in its own operations, or Scope 1 and 2, were 61% lower than the benchmark year 2015, while emissions in its value chain, or Scope 3, were 37% lower than the benchmark year 2020, according to a statement. 

As referenced in its Annual and Sustainability Report for 2024, the company remains committed to its target of reaching net zero carbon emissions by 2045.

The company’s combined Scope 1 and 2 emissions totaled 23,000 tons for the fourth quarter. The reduction is mostly explained by reduced Scope 2 emissions, following an increase in purchase of renewable electricity. 

For the full year, combined Scope 1 and 2 emissions totaled 155,000 tons and  constitutes a 61% reduction compared to its  2015 baseline. Skanska’s carbon intensity stands at 0.45 (0.95) in the fourth quarter, and at 0.88 (1.03) for the full year, compared to 2.60 in 2015. 

Scope 1 emissions are driven by the use of fuels. In the fourth quarter, the share of renewable fuels stood at 38%. For the full year, the share was 26%. Scope 2 emissions are primarily driven by the use of electricity. Group-wide share of renewable electricity was 99% for the quarter and 99% for the full year. 

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