Skanska

No leading practices were identified for the company in the governance and strategy area

GHG emissions 

The company is reducing its scope 1, 2 and 3 greenhouse gas emissions in 2021 compared to the previous year and has a year-over-year reduction compared to the baseline year 2015. The company sets a target to reduce 70% of scope 1 & 2 emissions and 50% of scope 3 emissions by 2030 compared to the baseline year in 2015. The company’s targets are aligned with a 1.5-degree trajectory. 

No leading practices were identified for the company in the social inclusion and community impact area

Sustainability strategy and accountability 

Skanska discloses its process for identifying and prioritising its most relevant sustainability impacts as well as the outcome of this process, in relation to its sustainability strategy. While the company discloses some sustainability targets such as GHG emissions and reports consistently against all its targets, no evidence that the company has group wide targets on key sustainability topics for the most material parts of its value chain based on the SBTN Sectoral Materiality Tool such as non-GHG air pollutants, water use and soil pollutants could be found in the public domain. 

No evidence was found that Skanska links performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. The company does not disclose whether its highest governance body has expertise regarding nature-related topics. 

Stakeholder engagement 

Skanska does not disclose an overview of the issues raised during its stakeholder engagement activities. The company does not disclose its process for engaging with stakeholder groups beyond its materiality assessment. 

Lobbying 

While Skanska discloses some trade associations of which it is a member, this is not a complete list covering all geographies. The company does not disclose a clear and detailed framework for assessing alignment of its trade associations with nature-positive policies. The company does not report (potential) misalignment between the lobbying activities of its trade associations and nature-positive policies. 

Impact and dependencies assessment 

While Skanska discloses the implementation of the biodiversity net gain assessment tool in its operations in UK, no evidence the company implements such a tool at the group level with the explanation of methodology and outcome. The company does not disclose any assessment of its impacts on nature, including biodiversity, in its supply chain. The company does not disclose any assessment of its dependencies on nature within its own operations and its upstream business relationships. 

Key areas and species 

Skanska does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency. 

Ecosystem conversion and restoration 

No evidence was found regarding Skanska’s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets. 

Resource exploitation and circularity 

No evidence was found regarding Skanska’s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets. The company does not disclose efforts to improve soil health. 

Water 

Skanska does not disclose relevant information related to water, in its operations or supply chains.  

Solid and air pollution 

Skanska does not disclose relevant information related to pollution in its operations or supply chains.  

Invasive species 

Skanska has not identified any activities that could lead to the introduction of invasive alien species in its own operations. 

Safe, clean, healthy and sustainable environment

Skanska does not disclose a commitment to respecting local communities’ right to a safe, clean, healthy and sustainable environment or to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders. 

Indigenous peoples’ and land rights 

Skanska does not disclose a commitment to respecting Indigenous Peoples’ rights or land rights of local communities. 

While Skanska conducts a materiality and risk assessment to identify the main risks to the business and it has identified human rights broadly as a risk, it has an opportunity to specify that it conducts human rights due diligence that includes a process for identifying human rights risks and impacts through its business relationships. No evidence that the company describes its process for assessing its human rights risks and discloses what it considers to be its salient human rights issues was found. No evidence was found that the company has a global system in place to act on, prevent or mitigate its salient human rights issues. No evidence that the company provides an example of the conclusions reached and actions taken or to be taken on at least one of its salient human rights issues as a result of assessment processes was found.

While Skanska discloses the categories of stakeholders it engages with generally on sustainability issues, it is not clear if these stakeholders are those whose human rights have been or may be affected by its activities. No evidence that the company provides examples of its engagement with stakeholders whose human rights have been or may be affected by its activities was found.

Skanska has a publicly available policy statement which shows it is committed to respecting the health and safety of workers. The company has a publicly available policy statement which shows it expects its suppliers to commit to respecting the health and safety of their workers. While the company states that it permit wages in compliance with applicable laws, it has an opportunity to disclose a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage. No evidence that the company describes how it determines a living wage for the regions where it operates was found. While the company states that it expects its suppliers to pay wages that are sufficient for workers and their families to fulfil their basic needs, it has an opportunity to disclose how it works to support the payment of a living wage by its suppliers. No evidence that the company discloses the proportion of its total direct operations workforce covered by collective bargaining agreements was found. While the company states that it encourages its suppliers to respect employees’ right to freedom of association and the right to collective bargaining, it has an opportunity to describe how it works to support the practices of its suppliers in relation to those.

Skanska discloses a tax strategy, but it is not applicable to all its operations. The company takes steps to identify and address bribery and corruption. The company includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships. In a public policy statement, the company discloses its approach to lobbying and political engagement. No evidence that the company has a publicly available policy statement that specifies that it does not make political contributions was found.