Veidekke Sustainability Profile
Veidekke ASA, headquartered in Norway, is a prominent player in the construction and property development industry. Founded in 1936, the company has established a strong presence across Scandinavia, with significant operations in Norway, Sweden, and Denmark. Veidekke is renowned for its diverse portfolio, which includes building construction, civil engineering, and asphalt production, setting it apart through a commitment to sustainability and innovation. With a focus on high-quality craftsmanship and customer satisfaction, Veidekke has achieved notable milestones, including recognition for its environmentally friendly practices and community engagement. As one of the largest construction companies in Norway, Veidekke continues to lead the market, driven by its core values of collaboration and responsibility, making it a trusted partner in the industry.
DitchCarbon Score
How does Veidekke'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
Veidekke's score of 97 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Veidekke's reported carbon emissions
In 2024, Veidekke ASA reported total greenhouse gas emissions of approximately 1,114,630,000 kg CO2e, with Scope 1 emissions at about 57,898,000 kg CO2e, Scope 2 emissions at approximately 53,532,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 1,003,199,000 kg CO2e. This data reflects a comprehensive approach to emissions reporting, covering all relevant scopes. Veidekke has set ambitious climate commitments, aiming to reduce its greenhouse gas emissions per unit of value added by 50% by 2030 and 90% by 2050, using 2013 as a baseline. These targets are aligned with the UN’s two-degree target. Additionally, the company has committed to achieving net-zero emissions across its entire value chain by 2045, with specific near-term targets of reducing absolute Scope 1 and 2 emissions by 50% by 2030 from a 2018 base year, and Scope 3 emissions by 50% from a 2020 base year. The company has made notable progress, achieving a reduction of approximately 40.4% in its Scope 1 and 2 emissions from 2020 to 2023. Furthermore, Veidekke's long-term targets include a 90% reduction in both Scope 1 and 2 emissions by 2045, as well as a 90% reduction in Scope 3 emissions within the same timeframe. Veidekke's climate strategy is robust, with a clear focus on reducing emissions across all scopes, demonstrating its commitment to sustainability and climate action in the construction and engineering sector.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000,000 | - | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 00,000,000 | - | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is Veidekke's Industry?
How Carbon Intensive is Veidekke's Location?
Veidekke's Scope 3 Categories Breakdown
Veidekke's Scope 3 emissions, which increased by 1% last year and decreased by approximately 31% since 2020, 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 "Purchased Goods and Services" being the largest emissions source at 62% of Scope 3 emissions.
Top Scope 3 Categories
Veidekke'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.
Veidekke has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Veidekke's sustainability data and climate commitments