Veidekke

Veidekke's reported carbon emissions

Veidekke's Climate Commitments and Emissions Overview Veidekke, headquartered in Norway, has established robust climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2045. The company has set near-term targets to achieve significant reductions in its emissions. **Emissions Data:** * **2025:** Veidekke reported total emissions of approximately 961,358,000 kg CO2e. This includes Scope 1 emissions of about 68,267,000 kg CO2e, Scope 2 emissions (market-based) of roughly 42,209,000 kg CO2e, and Scope 3 emissions totalling approximately 850,883,000 kg CO2e. The largest contributor to Scope 3 emissions was purchased goods and services, accounting for around 574,866,000 kg CO2e. * **2024:** Total emissions were approximately 1,126,632,000 kg CO2e. Scope 1 emissions were about 69,901,000 kg CO2e, Scope 2 emissions (market-based) were approximately 53,532,000 kg CO2e, and Scope 3 emissions totalled about 1,003,199,000 kg CO2e. Purchased goods and services were again the largest Scope 3 category at approximately 623,803,000 kg CO2e. * **2023:** Total emissions stood at approximately 1,109,831,000 kg CO2e. This comprised Scope 1 emissions of about 68,941,000 kg CO2e, Scope 2 emissions (market-based) of approximately 44,308,000 kg CO2e, and Scope 3 emissions totalling about 996,582,000 kg CO2e. Purchased goods and services constituted the dominant Scope 3 category, at approximately 709,854,000 kg CO2e. * **2022:** Total reported emissions were approximately 1,200,797,000 kg CO2e. This included Scope 1 emissions of about 67,663,000 kg CO2e, Scope 2 emissions (market-based) of roughly 34,161,000 kg CO2e, and Scope 3 emissions at approximately 1,098,973,000 kg CO2e. Purchased goods and services represented the largest portion of Scope 3 emissions, at approximately 779,213,000 kg CO2e. * **2021:** Only Scope 3 emissions data was reported for this year, totalling approximately 1,265,529,000 kg CO2e. The largest contributors were purchased goods and services (around 894,140,000 kg CO2e) and upstream transportation and distribution (approximately 129,464,000 kg CO2e). * **2020:** Veidekke reported total emissions of approximately 1,605,823,000 kg CO2e. This figure included Scope 1 emissions of about 108,048,000 kg CO2e, Scope 2 emissions (market-based) of approximately 52,119,000 kg CO2e, and Scope 3 emissions totalling approximately 1,445,657,000 kg CO2e. Purchased goods and services were the largest Scope 3 component at roughly 998,436,000 kg CO2e. * **2019:** Scope 1 and 2 emissions were reported as approximately 109,529,000 kg CO2e. * **2018:** Total emissions were approximately 1,172,252,000 kg CO2e, comprising Scope 1 emissions of about 111,707,000 kg CO2e, Scope 2 emissions (market-based) of approximately 58,888,000 kg CO2e, and Scope 3 emissions of approximately 1,001,657,000 kg CO2e. Purchased goods and services were the largest Scope 3 category at approximately 1,000,420,000 kg CO2e. * **2017:** Scope 1 and 2 emissions were reported as approximately 106,867,000 kg CO2e. * **2016:** Scope 1 and 2 emissions were approximately 99,771,000 kg CO2e. * **2015:** No specific emissions data was provided for this year. **Climate Commitments and Targets:** Veidekke is committed to the UN's two-degree target and has set ambitious reduction goals: * **Net-Zero:** The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2045. * **Near-Term Targets (2030):** * A reduction of absolute Scope 1 and 2 emissions by 50.4% by 2030, using a 2020 baseline. * A reduction of absolute Scope 3 emissions by 50.4% by 2030, also from a 2020 baseline. * An intensity target to reduce greenhouse gas emissions per unit of value added by 50% by 2030, with 2013 as the baseline year. * Specific targets related to Land Use, Land-Use Change and Forestry (FLAG) emissions include a reduction of absolute Scope 1 and 3 FLAG GHG emissions by 30.3% by 2030 from a 2020 baseline. * **Long-Term Targets (2045):** * A reduction of absolute Scope 1 and 2 emissions by 90% by 2045, from a 2020 baseline. * A reduction of absolute Scope 3 emissions by 90% by 2045, from a 2020 baseline. * An intensity target to reduce greenhouse gas emissions per unit of value added by 90% by 2050, using 2013 as the baseline year. * Specific FLAG targets include reducing absolute Scope 1 and 3 FLAG GHG emissions by 72.0% by 2045 from a 2020 base year. Veidekke has integrated climate considerations into its management systems and has achieved ISO 14001 certification for its operations in Norway and parts of Sweden. The company actively analyses its operations, sets Key Performance Indicators (KPIs), and implements concrete action and climate plans to reduce emissions throughout its value chain.