Annual and Sustainability Report 2022

See our film - 135 years of history

We build for a better society

More than 135 years in the making, we are one of the world’s largest project development and construction companies, operating across select markets in the Nordics, Europe and the USA. With our knowledge and foresight, we are shaping the way people live, work and connect.

A unique combination of global experience, local expertise and financial strength empowers us to take on the most complex construction projects in the world. Our ability to understand the needs of local communities makes us a trusted partner for large commercial and residential projects that require deep understanding and collaboration. Asset management strengthens our presence across the whole value chain, from project development and construction to property investment. And we see sustainability as a guiding principle for our operations.

With the collective know-how of our 28,000 employees, and together with our partners, we are building for a better society, creating innovative and sustainable solutions that support living beyond our lifetime. And as we do so, we build long-term value for our shareholders and society at large.

2022 in brief

18.62

SEK, Earnings per share

3.7%

Operating margin – Construction

8.1%

ROCE — Project Development

-55%

Reduction of carbon emissions from our own operations (scope 1 and 2) since 2015.

100%

Certified buildings, share of commercial development divestments 2022

Share of total value, corresponding to SEK 8.3 billion, of divested offices in the commercial development business stream certified by LEED Platinum or Gold, or BREEAM Excellent, or WELL.

-39%

Energy reduction in new office buildings

Annual expected energy reduction in divested office buildings developed by Skanska Commercial Development units in the Nordics, Europe and USA, in relation to the LEED certification system’s established baseline.

Message from our
President and CEO

With a highly skilled organization we stay true to the strategy that has proven resilient in the challenging market circumstances of recent years.

Anders Danielsson, President and CEO

Strategy & targets

At Skanska, we build for a better society through a variety of projects. Our reputation as a trusted partner is built on our experience and knowledge. We aim to provide industry-leading shareholder value by shaping sustainable places where people can live and work.

Our targets reflect our ambition to remain an industry leader – operationally, financially and within sustainability.

Strategy

Targets

Operations

Our operations are focused on four business streams: Construction, Residential Development, Commercial Property Development and Investment Properties. Collaboration across business streams creates synergies for our operations.

Residential Development

Commercial Property Development

Investment properties

Sustainability

Being a responsible business, inside and out, means having a strong and committed health and safety approach that protects lives and people’s well-being. It means acting fairly and ethically, exercising integrity in all decisions and being a trusted business partner with respect to the supply chain. It means operating with care for the local environment and communities. It involves using our full potential by embracing diversity and creating inclusive environments.

Creating transformative solutions drives our business forward and enables our customers to succeed in fulfilling their sustainability goals. These solutions need to be low in carbon, circular, smart and sustainable. Achieving this involves knowledge, insight, and learning. We partner to share knowledge, and to develop and innovate net-zero solutions for the built environment. Our goal is to transition to low-carbon construction across all our projects and ultimately achieve net-zero carbon emissions by 2045. As we move forward, scaling these solutions will be critical for a full industry transformation that will lead to net-zero living. Our vision of shaping healthy, inclusive and resilient places involves forming partnerships with local communities to cultivate social value and design for long-term needs. We envision a world where sustainability is simply built into living, and a future filled with healthier, more climate-smart, more resilient societies – places shaped together, for all. Lastly, as regulatory, and societal demands increase, we must meet those expectations responsibly by offering full transparency in accurate, relevant and quality sustainability reporting with environmental, social and governance (ESG) disclosures.