Skanska tightens its 2030 emissions reduction target

The company has upped its ambition for reducing emissions from 50% to 70% over the next decade

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Project development and construction giant Skanska has tightened its climate target to include a 70% emissions reduction goal by 2030.

It is an update to its previous target of 50% during the same period as it believes the need to drastically increase the pace towards a carbon-neutral future.

Skanska has also already reduced carbon emissions in its own operations by 40% compared with 2015 levels and has retained its goal for carbon neutrality by 2045.

For projects developed by the company, it is targeting a 50% reduction in emissions in the value chain by 2030, compared to 2020 levels.

Anders Danielsson, CEO of Skanska AB said: “The message in the report from the Intergovernmental Panel on Climate Change (IPCC) this autumn is clear. Society must make further efforts to drastically reduce carbon emissions. Goal-oriented initiatives in all markets now show that we are highly successful in our efforts toward achieving carbon neutrality by 2045 throughout the value chain. We are now increasing the pace by tightening the interim target.

“By offering climate-smart solutions, we are helping our customers to meet their climate targets. The work on minimising our greenhouse gas emissions goes hand in hand with increased efficiency, better use of resources and lower costs, as well as meeting our customers’ needs.”