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. 

Read a dedicated article on our global website to learn more about our science-based climate target. 

Biodiversity is the variety of life on earth. It covers different species of plants, birds, animals, insects, and soils. It provides the basis for several goods and services – often called ecosystem services – that society, business and economies depend on. 

Around 60 per cent of the world’s ecosystem services are being degraded or used unsustainably, which has a huge environmental and financial impact. The collective cost to the global economy of mismanaging our natural environment is estimated at $6.6 trillion per year. At current rates this figure is estimated to increase to $28 trillion by 2050. 

We recognise that our business has the potential to create a negative impact on local biodiversity. However, there are opportunities for us to leave a positive legacy by enhancing biodiversity as a result of our operations. Our efforts range from implementing endemic plants, bird and insect houses and beehives in our projects, to setting up community gardens next to our buildings or arranging rescue transfers from our constructions sites for different animal species. 

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.

Care for life is one of Skanska’s values reflected in treating the health and safety of people who build and use the places we create 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. 

Learn more about the idea of healthy buildings where people reach their full potential by visiting our dedicated page. 

We operate in communities whose lives and livelihoods may be affected by the places we shape. Keeping that in mind, we develop 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. 

We want to be a good neighbor

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. 

Introduced in 2008, Seop invites all Skanska employees to become shareholders in Skanska Group and creates incentives to contribute to Skanska’s performance through matching shares and shares based on business unit performance.

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.

Good corporate governance ensures that Skanska is managed responsibly, efficiently and in a sustainable way on behalf of all of our stakeholders including (but not limited to) shareholders, customers, suppliers, society and employees.

As a Swedish public limited company with shares listed on Nasdaq Stockholm, Skanska is subject to a variety of external rules that affect our corporate governance. In addition, Skanska has adopted internal rules to govern the Group as well as processes for monitoring compliance with external and internal rules by all business units and functions in the Group. Skanska’s ethical and sustainability endeavors are an integral part of the business.

For certain categories of suppliers or were deemed necessary, we conduct a risk-based assessment followed by due diligence. Mandatory ethical due diligence is carried out for intermediaries, joint venture partners and sellers or buyers of land or real estate assets. We ensure that we also know the ultimate beneficial owners of the parties we do business with. 

We use a global database for sanctions screening, which automatically checks all active suppliers every 24 hours. We review our supply chain to make sure we have a shared commitment to sustainability issues such as human rights, labor rights, environment, ethics and safety, and sustainable procurement. We have zero tolerance for all forms of bribery and offer anti-bribery trainings to our employees with special focus on those in higher-risk roles

Skanska has been a signatory of the United Nations Global Compact since 2001 and continues to support its ten principles, relating to human rights, labor, environment and anti-corruption. 

We support the rights of all people as described in the Universal Declaration of Human Rights adopted by the United Nations and in the conventions of the International Labor Organization. 

Skanska also follows the guiding policies of Transparency International and applies the Precautionary Principle.