Peab Sustainability Profile
Peab AB, commonly referred to as Peab, is a leading construction and civil engineering company headquartered in Sweden (SE). 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 various sectors, including residential, commercial, and infrastructure projects, delivering innovative solutions that meet the evolving needs of its clients. Peab is renowned for its commitment to sustainability and quality, offering a range of services from project development to construction management. With a strong market position, Peab has achieved notable milestones, including numerous awards for its environmentally friendly practices and community engagement. The company's dedication to excellence and its extensive portfolio of successful projects solidify its reputation as a trusted partner in the construction sector.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Peab's score of 62 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Peab's reported carbon emissions
In 2024, Peab reported total carbon emissions of approximately 1,117,000,000 kg CO2e, with Scope 1 emissions at about 176,000,000 kg CO2e, Scope 2 emissions at approximately 14,500,000 kg CO2e (market-based), and Scope 3 emissions reaching about 910,000,000 kg CO2e. In 2023, their total emissions were approximately 936,000,000 kg CO2e, with Scope 1 at about 173,000,000 kg CO2e, Scope 2 at approximately 15,000,000 kg CO2e (market-based), and Scope 3 at about 900,000,000 kg CO2e. Peab has set ambitious climate commitments, aiming to reduce carbon dioxide intensity by at least 60% in their own operations (Scope 1 and 2) and by at least 50% for input goods and purchased services (Scope 3) by 2030, using 2015 as the baseline year. Furthermore, Peab's long-term goal is to achieve climate neutrality by 2045, aligning with the 1.5-degree target of the Paris Agreement. These targets reflect Peab's commitment to addressing climate change and reducing greenhouse gas emissions across all scopes.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 101,974,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 2,806,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 14,109,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Peab's Industry?
How Carbon Intensive is Peab's Location?
Peab's Scope 3 Categories Breakdown
Peab's Scope 3 emissions, which decreased by 4% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
Peab's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Peab has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
