Skanska is updating its climate target to include a reduction of its own emissions by 70% by 2030, with 2015 as the base year.
The Swedish builder-developer’s previous target was a 50% reduction in the period, but it said it had already cut emissions by 40% and that there was a need “to drastically increase the pace toward a carbon-neutral society”.
Its goal for carbon neutrality by 2045 remains.
“The message in the report from the Intergovernmental Panel on Climate Change (IPCC) this autumn is clear,” said Anders Danielsson, chief executive of Skanska AB. “Society must make further efforts to drastically reduce carbon emissions. Goal-oriented initiatives in all markets now show that we are highly successful in our efforts toward achieving carbon neutrality by 2045 throughout the value chain.
“We are now increasing the pace by tightening the interim target.”
For projects developed by Skanska, the target is a 50% reduction in emissions in the value chain by 2030, compared with 2020.
“The construction sector accounts for 40% of the world’s energy-related carbon emissions. This is a major challenge, but we are also part of the solution,” said Lena Hök, the company’s senior vice president for sustainability.
“The large amount of emissions originates from production of materials such as concrete, steel and asphalt, as well as the use of our buildings. Achieving the goal of becoming carbon neutral requires innovation and partnership with various players. We also want to see more stringent climate requirements in public procurements.”