Our long-term target is to achieve net-zero carbon emissions in our own operations and in the value chain by 2045. This is line with the Paris Agreement, and we are committed to having our climate target approved as a Science Based Target. To reduce emissions in the value chain and to achieve our climate target we build partnerships for innovation. We participate to develop sustainability standards for buildings and infrastructure. Certification and measurement are important drivers to make sustainability a part of the customer offering. Our GreenBond Impact Report and third-party certifications on projects are ways to meet investor and customer expectations on performance disclosures. We are also working to align our sustainability disclosures with the EU Taxonomy and support the TCFD recommendations for financial reporting of climate-related risks and opportunities.
Skanska has measured and reported on carbon emissions since 2008, now measuring and reporting scope 1, scope 2 and 3 carbon emissions. Over the past few years we have been expanding and improving the quality of our scope 3 data and 2020 will serve as our baseline for scope 3 emissions going forward. Carbon performance follow-up is carried out by the Group Leadership Team and the Board of Directors on a quarterly basis. Materials, energy, carbon and water will continue to be in focus with the climate target as a key driver in our green journey.