- Performance in our property businesses (Residential Development, Commercial Property Development and Investment Properties) was significantly impacted by lower sales volumes, asset impairment charges and changes in fair market values due to weaker property markets.
- weak property markets resulted in a return on equity outcome in 2023, below our long-term target.
- weaker property market in 2023, there was a decrease in emissions from the categories materials and other.
- Activity in the Nordic housing market has been low in 2023.
- The real estate investor market has been hesitant.
- Tenant demand remains polarized in the Swedish office market.
Skanska AB (publ)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Skanska AB (publ) disclosed greenhouse gas emissions of 161.0K tonnes CO2e. By scope: Scope 1: 16.0K tonnes CO2e; Scope 2: 35.0K tonnes CO2e; Scope 3: 110.0K tonnes CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
161.0K tonnes CO2e
2023
Renewable Energy
93%
of total energy
Energy Use
750.0K MWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 16.0K tonnes CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 35.0K tonnes CO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 110.0K tonnes CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 161.0K tonnes CO2e |
| 2022 | 1.9M tCO2e/year (Scope 1 2 & 3) |
| 2021 | 216.0K tCO2e/year (Scope 1 and 2) |
| 2019 | 490.7K tCO2e (Scope 1 and 2 market-based) |
| 2011 | 432.0K tCO2e (Scope 1) and 76100 tCO2e (Scope 2) |
| 2010 | 442.3K tCO2e (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 60 percent reduction of carbon emissions from our own operations (scope 1 and 2) compared to our base year of 2015.
- Share of total divestment value, corresponding to SEK 3.5 billion, of divested offices in the Commercial Property Development business stream, certified with LEED Platinum or Gold, or BREEAM Excellent, or WELL. Includes properties divested to Skanska Investment Properties.
- Reduced carbon emissions in our own operations, scope 1 and 2, by 60 percent compared to base year 2015, and 11 percent compared to 2022.
- 93 percent of the electricity we consume comes from renewable sources; this portion has increased from 87 percent in 2022.
- 5.4 (6.8) percent of generated waste went to landfill, which is an improvement from last year but not meeting our target of less than 5 percent.
- 79 (72) percent of total waste was recycled
🎯 Climate & Sustainability Targets
🔜 Short-term
- 70 percent decrease of carbon emissions from our own operations (scope 1 and 2) by 2030
- 50 percent decrease of carbon emissions in the value chain (scope 3) by 2030
🔭 Long-term
- net-zero carbon emissions in its own operations and its value chain (scope 1, 2 and 3) by 2045
🌱 ESG Focus Areas
ResponsibilityClimateResilience