Skanska

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Skanska specializes in construction, development of commercial properties and residential projects

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3.6

Overall Excellence Rating

Industry

Construction

Category

Construction & Project Development

ESG/Ethical Impact

2022 was a strong year for Skanska despite challenging market circumstances. The Construction stream had an impressive year, delivering strong profitability and building a historically high order backlog. Within Project Development, we are navigating weaker housing markets, yet continued to deliver attractive gains from divestments in Commercial Property Development. We launched Investment Properties, a new business stream, at the beginning of last year, with the aim of providing stable cash flows and creating value through the long-term asset management of Skanska-developed office properties. Our financial position remains strong. With a robust balance sheet and low reliability on the credit market, we can make the most of business opportunities when they arise. This is especially important in the cyclical property market where opportunities to buy land often improve in weaker markets. Our financial po- sition also ensures stability for our customers, suppliers, subcontractors and other business partners. We remain committed to our climate target and believe that demand for sustainable and climate-resilient buildings and infrastructure will continue to increase. During 2022, we con- tinued our journey towards net-zero carbon emissions, we focused on reducing our own emissions, and made strategic decisions in planning and designing future projects in our property development business. Sustainability and the built environment Our combined Scope 1 and 2 emissions declined in 2022, and are now 55 percent below our 2015 baseline. Our commitment to keeping up the pace to reach our target of net-zero carbon emissions, both in our own operations and in our value chain by 2045, is reflected in the inclusion of emission reduction targets in the long-term incentive program for the top 400 leaders in Skanska.

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Awards Received

2023

Revenues

$15,600,000,000.00

Website Traffic

Employee Rating

4.3

Customer Rating

4.5

Company Size

10000+

ESG Risk Rating

3

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