What Company is This?
Veidekke began with road construction in Norway in 1936. Today, the company builds roads, tunnels, bridges, and houses throughout Scandinavia. Veidekke employs just under 8,000 people, is listed on the Oslo Stock Exchange, and had a revenue of NOK 43.1 billion in 2025. Veidekke is the only Norwegian company included in this analysis.
What Are the Results?
Veidekke ties with A. P. Møller-Mærsk and YIT in second-to-last place with a total score of 16%. The company’s General Supply Chain Sustainability score is 27%, with subcategory scores of 25% for Target-Setting and Progress and 17% for Use of Supply Chain Levers. For the respective Steel Supply Chain Sustainability subcategories, Veidekke scores 13% and 0%, and zero for Disclosure. These scores are identical to YIT’s across all subcategories.
What Are the Highlights?
In the General Supply Chain category, Veidekke earns partial points for its SBTi targets because it lacks a disaggregated target for purchased goods, although it has an interim target covering scopes 1, 2, and 3 to reduce emissions by 50.4% and a net-zero target for 2045. The company also scores partial points for setting requirements for suppliers to reduce greenhouse gas emissions and other environmental impacts, and disclosing the number of inspections carried out with subcontractors and suppliers (189 in Norway and 815 in Sweden) in 2025. Veidekke is one of the very few companies on the Scoreboard to earn partial points for having a policy against deforestation, and is the only company whose deforestation policy includes time-bound targets for achieving 100% third-party certification and 100% traceability. Partial points are also awarded for including sustainability as an evaluation criterion when selecting suppliers.
In the Steel Supply Chain Sustainability category, Veidekke scores partial points for only one indicator: disclosure of the share of recycled steel in its annual production cycle. Veidekke reports this more granularly than any other company on the Scoreboard, disclosing the share of recycled steel across four categories: 100% for reinforcement steel, 71% for steel components, 36% for piles/sheet piling, and 58% for structural steel.
Where Can the Company Improve?
Veidekke scores zero points in the General Supply Chain Sustainability category for not requiring science-based targets from suppliers, not reporting the share of suppliers that have set them, not requiring water reduction targets or disclosures of water usage from suppliers, and not implementing incentives and control systems to improve water management and eliminate deforestation from its supply chain. For all other Steel Supply Chain Sustainability indicators, Veidekke scores zero, leaving significant room for improvement.
