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 construction industry, particularly in the Nordic region, with significant operations in Sweden, Norway, and Finland.
Specialising in construction work (45), Peab offers a diverse range of services, including residential and commercial building, infrastructure development, and project management. The company is recognised for its commitment to sustainability and innovation, setting it apart in a competitive market.
With a strong market position, Peab has achieved numerous accolades for its projects and corporate responsibility initiatives, solidifying its reputation as a trusted partner in the construction sector.
+13 vs industry average
Peab’s score of 39 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Construction Work has typical carbon intensity
Industry performance
The Construction Work industry has reduced its overall emissions by 33% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Peab's reported carbon emissions
Peab, a construction firm headquartered in SE, is committed to reducing its carbon footprint. For the reporting year 2024, Peab reported total emissions of approximately 1,117,000,000 kg CO2e. This figure encompasses Scope 1 emissions totalling about 176,000,000 kg CO2e, Scope 2 emissions at approximately 14,500,000 kg CO2e (market-based), and substantial Scope 3 emissions amounting to approximately 910,000,000 kg CO2e.
In 2023, Peab's total emissions were approximately 1,120,000,000 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 around 950,000,000 kg CO2e. The previous year, 2022, saw total emissions of approximately 1,332,000,000 kg CO2e, including Scope 1 emissions of about 216,000,000 kg CO2e, Scope 2 at approximately 16,000,000 kg CO2e (market-based), and Scope 3 at around 1,100,000,000 kg CO2e.
Peab has set ambitious climate targets. By 2030, the company aims to reduce carbon dioxide intensity by at least 60% in its own operations (Scope 1 and 2), with a base year of 2015. Additionally, Peab targets a reduction of at least 50% in Scope 3 intensity for input goods and purchased services by 2030, also referencing 2015 as the base year. Looking further ahead, Peab's most long-term goal is to achieve climate neutrality no later than 2045, aligning with the 1.5-degree target of the Paris Agreement. These targets are classified as intensity-based for near-term and long-term scopes.
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Peab’s Climate Goals (2030 & 2050)
4 goals2045
Peab’s most long-term target is to be climate neutral no lat…
Peab’s most long-term target is to be climate neutral no later than 2045, which is aligned with the 1.5 degree target in the Paris Agreement…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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