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ACT: Our climate plan

Since launching our climate target to become carbon-neutral across our value chain by 2045, we’ve built on our strong foundation with a Climate Plan called ACT. A summary for Awareness, Customer success and Transformation, ACT is how we move from words to action.

The climate crisis is putting pressure on our lives, placing it at the top of the world agenda. Major stakeholders in business, finance, politics, and science agree to act. We need to be part of the solution. Since launching our climate target to become carbon-neutral across our entire value chain by 2045, we’ve built on our strong foundation with a Climate Plan called ACT.

There’s great potential in transforming our business. We need to build awareness, and strong leadership to capture the business opportunity.

-  Anders Danielsson, Group President & CEO

Tackling the climate crisis is both a necessary responsibility and vital business opportunity. Sustainability is widely perceived as one of the most important disrupting drivers of the construction and development industry in the next decade. The construction sector accounts for about 40 percent of global energy-related carbon emissions (IEA, 2019). As key emitters of carbon, all players in the industry’s value chain will need to develop strategies for dealing with or leading disruption, to survive and thrive.

Leading the way

We want to become leaders in shaping a carbon neutral future. Based on market research, industry benchmarks and data analysis, Skanska ACT encompasses our global markets’ plans and business cases. Consisting of three building blocks: Awareness, Customer success and Transformation, all contain crucial elements from our different markets, each connecting actions and performances on a local as well as global level.

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The reduction of our own carbon emissions by - 34% since 2015 is a great achievement and just the beginning.

- Lena Hök, Group Senior Vice President of Sustainability

Awareness

To act as a change-maker for a climate smarter society we need to drive awareness of sustainable construction and development. Under our vast roof of competence, we know that every decision made counts. Starting from within our own organization, following up on our structures, data, and business decisions, we can lead by example. By advocating and communicating how we’re measuring our targets and financial models, we aim to spread awareness and transform the business towards a more conscious one.

Customer success

Cross-industry collaboration for sustainability innovation and success is necessary to solve the climate crisis. Low and zero carbon solutions will happen in unison with our partners and customers through the increased use of digital tools, smarter energy solutions and low-carbon offerings. We participate to develop sustainability standards for buildings and infrastructure. Third party certification and measurement are important drivers to make sustainability a part of the customer offering.

Transformation

The actions to reduce carbon emissions range from the planning phase through construction to demolition. We’re constantly transforming our operations to become climate smarter. This includes the choice of materials, pursuing resource efficiency and circularity. In addition, transitioning to renewable fuels, increasing our use of electricity from renewable sources, efficient transport solutions that make greater use of electrification and automation and strategic partnership for innovation will further decrease our emissions.