What Company is This?
Skanska is a Swedish project development and construction company founded in 1887. It is one of the world’s largest in its sector, operating in the Nordics, Europe, and the USA and employing approximately 25,900 people. Skanska’s operations are divided into four business areas: Construction, Residential Development, Commercial Property Development, and Investment Properties. Skanska’s revenue for 2025 was SEK 179 billion. Skanska is listed on the Stockholm stock exchange.
What Are the Results?
Skanska is the weakest-performing company on the Sustainable Steel Scoreboard, even though the company improved its score by 3 percentage points from last year. The company scores 23% in General Supply Chain Sustainability, higher than both Electrolux and Scania in this category, and 3% in Steel Supply Chain Sustainability, where it previously scored zero. In the General Supply Chain Sustainability category, Skanska scores 14% for the Target-Setting and Progress, and 17% for the Use of Supply Chain Levers subcategories. In the Steel Supply Chain Sustainability category, the company scores 4% for Target-Setting and Progress, 4% for Use of Supply Chain Levers, and zero points for Disclosure.
What Are the Highlights?
Skanska earns partial points in the General Supply Chain Sustainability category for its science-based climate targets covering Scopes 1, 2, and 3, as it lacks a disaggregated target for upstream/purchased goods, and its 2045 net-zero target is not SBTi-verified. While Skanska does not disclose a specific process for monitoring suppliers for compliance with greenhouse gas emissions and other environmental impacts, it does disclose the approximate number of audits it conducts annually. Skanska is one of the few companies on the Scoreboard to score any points for committing to eliminate deforestation in its supply chains, scoring 25% for this indicator through its commitment to procuring timber that is legally and sustainably sourced, with preference toward the Forest Stewardship Council or Programme for the Endorsement of Forest Certification (PEFC) standards or equivalent. Skanska also discloses that it includes social and environmental criteria in its supplier prequalification process.
Skanska earns partial points in the Steel Supply Chain Sustainability category for only two indicators: disclosing the share of materials recycled, including steel, but not disaggregating it, and for Skanska UK, one of its country organisations, being a SteelZero member. The latter scores 25% rather than the full 50% awarded for buyer coalition membership, to reflect that membership applies to a single country organisation rather than the whole group, while assuming that internal learning and information sharing on target-setting and steel decarbonisation occur across the group.
Where Can the Company Improve?
Skanska scores zero for a long list of indicators. In the General Supply Chain Sustainability category, it scores zero for not requiring science-based targets from suppliers, not reporting the share of suppliers that have set them, not requiring suppliers to set water reduction targets, and not implementing incentives and control systems to improve water management and eliminate deforestation from its supply chains. In the Steel Supply Chain Sustainability category, Skanska scores zero for not: disclosing disaggregated greenhouse gas emissions for steel, setting targets and reporting progress on the procurement of lower-emission and fossil-free steel, setting a target for the use of recycled steel, participating in ResponsibleSteel as a member or engaging suppliers regarding certification, disclosing arrangements with suppliers to incentivise investment in and scale up production of fossil-free steel, or integrating improved recyclability of steel into product design and manufacturing.
