Peab
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 49 is higher than 71% 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 2023, Peab reported total carbon emissions of approximately 936,000,000 kg CO2e, with emissions distributed across various scopes: 173,000,000 kg CO2e from Scope 1, 15,000,000 kg CO2e from Scope 2 (market-based), and 900,000,000 kg CO2e from Scope 3. This represents a significant portion of their overall emissions, highlighting the importance of addressing both direct and indirect emissions in their climate strategy. Peab has set ambitious reduction targets aimed at achieving a 60% reduction in carbon dioxide intensity in their own operations (Scope 1 and 2) by 2030, using 2015 as the baseline year. Additionally, they aim to reduce emissions from input goods and purchased services (Scope 3) by at least 50% by the same year. These targets align with their long-term commitment to become climate neutral by 2045, in accordance with the 1.5-degree target set by the Paris Agreement. The company's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported by Peab AB (publ). The focus on both operational and supply chain emissions underscores Peab's comprehensive approach to tackling climate change and enhancing sustainability within the construction industry.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 101,974,000 | 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 |
| Scope 3 | 14,109,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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 not participating in any of the initiatives that 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.
