Skanska

Construction & Engineering / Real Estate Development

SKA-B.ST

SEK 173 0.32

Share price

$ 7.2 bn

Market Cap

$ 8.3 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.93x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -5.1% weighted average for S&P 500

FY2022

Skanska aims to achieve net zero for Scope 1 + 2 by 2045

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6.3% weighted average for S&P 500

FY2022

Skanska aims to reduce Scope 3 by 50% by 2030 from a base year 2020

1.5°C

GHG emissions and Carbon intensity

Skanska reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 216 Kt (-49 /-18.5% y-o-y). Also positively, carbon intensity was down at 13 t (-1.8 /-12.3% y-o-y).

Skanska's Scope 3 emissions decreased to 1,706 Kt (-239 /-12.3% y-o-y).

The company is committed to achieving net zero for Scope 1 + 2 by 2045, which translates into the estimated reduction of -9 Kt per annum over the period of FY2022 - FY2045. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 50% by 2030 from a base year 2020, which translates into the estimated reduction of -82 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	216	194	22	1,706	16,825	13
2020Q4	265	193	72	1,945	18,151	15
2019Q4	291	213	78		18,529	16
2018Q4	332	275	57		19,871	17
2017Q4	347	276	71		18,488	19
2016Q4	386	313	73
2015Q4	402	322	80