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Veidekke ASA, commonly referred to as Veidekke, is a leading Norwegian construction company headquartered in Oslo, Norway. Established in 1936, the firm has grown to become one of Scandinavia’s most prominent players in the construction industry, with extensive operations across Norway, Sweden, and Denmark. Specialising in a broad range of construction work, Veidekke’s core services include building construction, civil engineering, and infrastructure projects, distinguished by their focus on sustainable and innovative solutions.
With a strong market position, Veidekke has earned a reputation for delivering high-quality projects that meet rigorous standards for safety and environmental responsibility. Its long-standing history and commitment to excellence have cemented its status as a key player in the construction sector, making it a trusted partner for complex development initiatives across the region.
92
DitchCarbon score
+68 vs industry average
Veidekke’s score of 92 is higher than 96% 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
High
Construction Work has above-average carbon intensity
Industry performance
0.390
20182025
The Construction Work industry has reduced its overall emissions by 39% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Veidekke's reported carbon emissions
Veidekke, a construction company headquartered in Norway, reported approximately 1.13 billion kg CO2e in total Scope 1, 2, and 3 emissions for 2024. This figure is a decrease from 1.2 billion kg CO2e in 2022 and 1.11 billion kg CO2e in 2023.
The company has set several ambitious climate commitments:
- Near-term targets: Veidekke aims to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030, using a 2018 base year. They also commit to reducing absolute Scope 3 GHG emissions (covering purchased goods and services, fuel and energy-related activities, and business travel) by 50% by 2030, with a 2020 base year.
- Long-term targets: The company aims for net-zero greenhouse gas emissions across its entire value chain by 2045, with a 2018 and 2020 base year. This includes a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2045 (from a 2018 base year) and a 90% reduction in absolute Scope 3 GHG emissions by 2045 (from a 2020 base year).
Veidekke's Science Based Targets initiative (SBTi) approved targets indicate their commitment to a 1.5°C warming scenario. These targets cover both near-term and long-term reductions across all scopes of emissions, including FLAG (Forest, Land and Agriculture) emissions. Notably, for FLAG emissions, Veidekke commits to a 30.3% absolute reduction in Scope 1 and 3 by 2030 (from a 2020 base year) and a 72.0% reduction by 2045 (from a 2020 base year), along with a commitment to no deforestation across primary deforestation-linked commodities by December 2025.
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Veidekke’s Climate Goals (2030 & 2050)
7 goals2045
72% reduction in scope 3 total
Veidekke ASA commits to reduce absolute scope 1 and 3 FLAG GHG emissions 72.0% by 2045 from a 2020 base year.
On track72%
2030
50.4% reduction in all scopes
Veidekke ASA commits to reduce absolute scope 1, 2 and 3 GHG emissions 50.4% by 2030 from a 2020 base year.
On track50.4%
2030
30.3% reduction in scope 3 total
FLAG: Veidekke ASA commits to reduce absolute scope 1 and 3 FLAG GHG emissions 30.3% by 2030 from a 2020 base year.
On track30.3%
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
14 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Veidekke5 months ago
92
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Frequently asked questions
Common questions about Veidekke’s sustainability data and climate commitments
In 2024, Veidekke reported total carbon emissions of approximately 961 million kg CO2e. This represents a decrease from roughly 1.13 billion kg CO2e in 2024 and approximately 1.2 billion kg CO2e in 2022. The company's emissions have shown a downward trend, indicating progress in its environmental management efforts. This data reflects Veidekke's direct reporting of its carbon footprint across all scopes, providing a clear picture of its environmental performance in the construction sector.
Data year: 2024
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