ESG, we call it sustainability
At Skanska, we shape sustainable places to support healthy living beyond our lifetime. We implement climate-smart solutions at each stage of the lifecycle of office buildings we create. We create office spaces that support the health and safety of users and visitors and contribute to the development of local communities and support their needs.
In everything we do, we apply the highest ethical standards and require the same from our employees, subcontractors and suppliers. By taking these actions, we’re working towards achieving our own sustainability aspirations and helping our customers meet theirs.
Watch the video about our ESG strategy
[E] - Environmental
Our goal is to transition to low-carbon construction across all our projects and ultimately reach net-zero carbon emissions by 2045. This includes an interim target to reduce our own emissions (scope 1 and 2) by 70 percent by 2030 and the value chain emissions from our project development (scope 3) by 50 percent by 2030.
Our climate target is science-based according to the requirements of the Science-Based Targets Initiative (SBTi). It has been accredited to be in line with the reductions required to keep global warming to 1.5°C, the goal of the Paris Agreement.
We take a holistic approach to designing and building low-carbon projects, incorporating resource efficiency, recycling, renewable energy, electrification and digitalization. A key factor is an innovation in production and the use of materials to reduce embodied carbon.
[S] - Social
Care for life is one of Skanska’s values reflected in treating the health and safety of people who build and use our offices as our priority. We implement innovative technical solutions, design construction processes and work methods that reduce health and safety risks on construction sites and operations. By doing so we minimize the number of workplace incidents and create spaces that support the well-being of tenants and visitors.
Diverse and inclusive teams outperform homogenous and non-inclusive ones. They also foster an environment of creativity and innovation and help us achieve our business objectives. Skanska is committed to being an equal opportunity employer, attracting and developing a diverse workforce and providing inclusive workplaces where all people feel a sense of belonging.
We operate in communities whose lives and livelihoods may be affected by the places we shape. Keeping that in mind, we develop office projects with foresight and consideration for their long-term needs. This involves listening to these needs and designing sustainable spaces that are inclusive and encourage activity. By doing so we want to have a positive social impact.
[G] - Governance
A fair and ethical business
We are committed to doing business with the highest degree of integrity and transparency and we expect those we work with to share these values. ‘Act Ethically and Transparently’ is one of our values, and our comprehensive Code of Conduct is key to our ability to live up to it. It stipulates how all employees should work and interact every day with colleagues, customers and other stakeholders. It is supplemented by the Supplier Code of Conduct, which all our subcontractors, suppliers, consultants, intermediaries and agents must adhere to. The Supplier Code of Conduct is included in our agreements with these parties and outlines the expectations we have for the partners we do business with. It also requires that the same principles flow down the suppliers’ own supply chains.
Visit our dedicated page to find out more.
Our office buildings are climate-smart and support the well-being of their users, as confirmed by relevant globally recognized certifications: LEED and WELL respectively. Additionally, in Poland, our projects are subject to ‘Building without barriers’ (Orig. ‘Budynek bez barier) certification, which confirms that they support various needs of tenants and visitors, including those of individuals with disabilities, parents with children, seniors and those who do not speak Polish.
Delivering on purpose
We have an ambition and ability to contribute to the United Nations Sustainable Development Goals (SDGs). We have identified seven goals that are of particular importance for us, given the nature of our business:
- Gender equality
- Decent work and economic growth
- Industry, innovation and infrastructure
- Sustainable cities and communities
- Responsible consumption and production
- Climate action
- Peace, justice and strong institutions
Visit a dedicated section on our global website to find out about actions we are taking to contribute to the delivery of these goals.
20+years of sustainability reporting
We have long-term experience in reporting on environmental, social and governance matters, and to share this experience with our customers as ESG reporting becomes a regulatory requirement and market standard. Between 1997 and 2002 we published reports focused on our environmental impact. Since 2002 we have been producing a progress review of our sustainability efforts: firstly in form of a separate publication, which was followed by including sustainability into our annual report to reflect its strategic importance.
Visit a dedicated section on our global website to explore our latest annual and sustainability report and the archive of historical publications.
At Skanska, we shape sustainable places to support healthy living beyond our lifetime.