Peab AB, commonly referred to as Peab, is a leading construction and civil engineering company headquartered in Förslöv, Sweden. Established in 1959, Peab has grown to become a prominent player in the Nordic construction industry, with significant operations across Sweden, Norway, and Finland. The company focuses on a diverse range of business areas, including construction, civil engineering, and project development. Peab is renowned for its commitment to sustainability and innovation, offering unique services that encompass everything from residential and commercial building projects to infrastructure development. With a strong market position, Peab has achieved notable milestones, including numerous awards for its environmentally friendly practices and community engagement. The company continues to set industry standards, making it a trusted partner in the construction sector.
How does Peab's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Construction Work industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Peab's score of 41 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Peab reported total carbon emissions of approximately 1.1 million tonnes CO2e, with significant contributions from Scope 1 and Scope 3 emissions. Specifically, Scope 1 emissions were about 173,000 tonnes CO2e, while Scope 3 emissions reached approximately 900,000 tonnes CO2e, indicating a substantial impact from their supply chain and business travel activities. Over the years, Peab has demonstrated a fluctuating emissions profile. In 2022, total emissions were around 1.3 million tonnes CO2e, with Scope 1 emissions at 216,000 tonnes CO2e and Scope 3 emissions also around 1.1 million tonnes CO2e. This trend highlights the company's ongoing challenges in managing emissions, particularly in Scope 3, which often represents the largest share of total emissions for construction and real estate firms. Peab has not publicly outlined specific reduction targets or initiatives in the provided data. However, they have received a score of "B" in their CDP disclosures, reflecting a commitment to transparency and climate action. The company is actively engaged in assessing its carbon footprint and is likely to pursue strategies aimed at reducing emissions in line with industry standards. Overall, Peab's emissions data underscores the importance of addressing both direct and indirect emissions as part of their climate commitments, particularly in the context of the construction sector's significant environmental impact.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|
Scope 1 | 57,370,000 | 000,000,000 | 00,000 | 00,000 | 000,000,000 | 000,000,000 |
Scope 2 | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | 17,676,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Peab is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.