Sustainability focus areas
We focus on the sustainability areas where we can make the most significant positive contributions to society: Safety, Ethics, Green, Community Investment, and Diversity and Inclusion.
Skanska's sustainability agenda consists of five focus areas that are linked to our values and to our core activities in Construction and Project Development operations. All of these areas relate to our core business and expertise, and are interconnected.
The focus areas are:
- Community Investment
- Diversity and Inclusion
Ultimately, our goal is to grow from being a leader in each area to being an industry leader and authority within sustainability as a whole. Our sustainability leadership is also a business advantage, contributing to delivering profit and creating shareholder value as outlined in our overall strategy and Profit with Purpose business plan.
Skanska is determined to eliminate injuries and support employees' health and well-being.
In 2017, Skanska created a health and well-being strategy that focuses on ensuring healthy workplaces, helping employees and workers to be physically and mentally fit so they can perform at their best and live full lives. This includes providing improved practices to reduce long-term health hazards, such as noise and dust.
Health and well-being is an important way of furthering Skanska's caring culture, which underpins the Group's safety approach.
Acting ethically and transparently is central to Skanska's culture. Following the 2016 launch of a new Code of Conduct, in 2017 all employees were trained on the expected behaviors. Code of Conduct training is consistent across all Group operations, helping align behaviors.
To help keep ethics top of mind, employees are encouraged to have ethical dilemma discussions. Inspiration for these discussions can be found in the growing library of value moments videos, which depict real situations faced by Skanska employees.
During 2017, Skanska set a new green strategy, which focuses on delivering profitable, resilient and zero/low-carbon solutions to customers.
This strategy also involves significantly reducing the Group's carbon footprint by 2030, in alignment with the Paris climate agreement. Such steps support society and customer ambitions, and they reduce energy consumption, carbon, materials and water use – driving Operational Excellence while lowering project costs.
In 2017, the environment organization CDP (Carbon Disclosure Project) recognized Skanska for leadership in managing environmental impacts.
By leveraging the Group's core competencies and business activities, Skanska seeks to address local social challenges, together with customers, partners and communities. The aim is creating shared value that provides long-term benefits to all stakeholders.
In 2017, the Group set a new Community Investment Guideline that focuses on three areas: educating youths; increasing employability; and using design to help improve communities. Efforts continue to further integrate Community Investment into Skanska's business.
Diversity and Inclusion
Skanska continues to make progress toward the Group’s vision of mirroring society’s diversity at all levels, and having leaders who excel in fostering an inclusive culture. Both employee survey results and headcount statistics demonstrate this advancement.
With the 2017 Group-wide employee survey, responses to diversity and inclusion questions were 3 and 6 percentage points higher than the external benchmark.
By improving with diversity and inclusion, Skanska can better connect with customers and stakeholders, and has greater capacity for the creative thinking needed to be most competitive.