Veidekke
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 94 is higher than 97% 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 reported total carbon emissions of approximately 1,114,630,000 kg CO2e, with significant contributions from Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions were about 57,898,000 kg CO2e, while Scope 2 emissions totalled approximately 53,532,000 kg CO2e (market-based). The majority of emissions stemmed from Scope 3, which accounted for around 1,003,199,000 kg CO2e, highlighting the extensive impact of their supply chain and product use. In 2023, Veidekke's emissions in Norway were reported at approximately 46,825,000 kg CO2e for Scope 1 and about 42,610,000 kg CO2e for Scope 2 (market-based). The company has set ambitious reduction targets, aiming for a 50% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2018 baseline, and a 90% reduction by 2045. For Scope 3 emissions, they target a 50% reduction by 2030 and 90% by 2045, using a 2020 baseline. Veidekke is committed to achieving net-zero greenhouse gas emissions across its value chain by 2045. This commitment aligns with the Science Based Targets initiative (SBTi) and supports the UN’s two-degree target. The company’s reduction strategies include a focus on biogenic emissions and removals from bioenergy feedstocks, ensuring a comprehensive approach to their climate impact.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | - | 00,000,000 | - | 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 |
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.
Veidekke is participating in some 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.
