Potential offtaker

Skanska AB

www.skanska.se

Estimated electricity consumption

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Countries of production presence

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Skanska AB is a Swedish multinational construction and development company that operates in the building construction sector. Founded in 1887, the company has a long-standing reputation for providing innovative and sustainable solutions to the construction industry. With a presence in over 80 countries worldwide, Skanska is committed to decarbonisation and reducing its carbon footprint through the use of renewable energy sources.

Skanska's commitment to decarbonisation is reflected in its corporate energy strategy, which focuses on reducing the company's carbon emissions through the use of renewable energy sources. The company has set ambitious targets to reduce its carbon footprint, and is working towards achieving net-zero carbon emissions by 2045. To achieve this goal, Skanska is investing in renewable energy sources such as wind and solar power, and is also exploring new technologies such as hydrogen fuel cells and energy storage solutions.

One of the key initiatives that Skanska has implemented to achieve its decarbonisation goals is the use of corporate power purchase agreements (PPAs) for renewable energy. A corporate PPA is a long-term agreement between a company and a renewable energy provider, which guarantees a fixed price for renewable energy over a set period of time. By using corporate PPAs, Skanska is able to secure a stable and predictable source of renewable energy, while also reducing its carbon footprint and supporting the growth of the renewable energy sector.

Skanska has already signed several corporate PPAs for renewable energy, including agreements with wind and solar power providers in the UK and the US. These agreements will provide Skanska with a reliable source of renewable energy for its operations, while also helping to drive the growth of the renewable energy sector.

In addition to using corporate PPAs, Skanska is also investing in renewable energy projects of its own. The company has developed several wind and solar power projects in Sweden, and is also exploring new technologies such as energy storage and hydrogen fuel cells. By investing in renewable energy projects, Skanska is not only reducing its carbon footprint, but is also helping to drive the transition to a low-carbon economy.

Skanska's commitment to renewable energy and decarbonisation is also reflected in its approach to building construction. The company is a leader in sustainable building design, and has developed several innovative solutions to reduce the energy consumption of buildings. For example, Skanska has developed a concept called "Deep Green Buildings", which are buildings that are designed to be highly energy-efficient and to generate their own renewable energy. These buildings use a range of technologies such as solar panels, geothermal heating and cooling, and energy-efficient lighting and appliances.

Skanska is also committed to reducing the carbon footprint of its construction operations. The company has implemented a range of measures to reduce the emissions associated with its construction activities, including the use of low-emission vehicles and equipment, and the adoption of sustainable construction practices. Skanska is also working to reduce the embodied carbon of its buildings, which is the carbon emissions associated with the production and transportation of building materials.

In conclusion, Skanska AB is a leading construction and development company that is committed to decarbonisation and the use of renewable energy sources. The company's corporate energy strategy focuses on reducing its carbon footprint through the use of corporate PPAs and renewable energy projects, while its approach to building construction is focused on sustainable design and reducing energy consumption. Skanska's commitment to decarbonisation and renewable energy is not only good for the environment, but is also helping to drive the transition to a low-carbon economy.

✓ Science Based Targets member
✓ Declared Net Zero commitment