Sustainability

Sustainability

Sustainability entails responsibility, risk and business opportunities. Veidekke takes a structured approach to achieving sustainability throughout the value chain.

Sustainability is an increasingly important aspect in Veidekke's strategies and processes, incentives, and financial instruments. Sustainability in Veidekke covers the full ESG spectrum, including:

• Environment: Climate emissions, climate risk and other environmental factors
• Social: Human rights, gender equality, skills development, sick leave, and injuries
• Governance: Risk management, supplier follow-up, corruption risk, whistleblowing, reporting standards, the board's role in ESG follow-up, and strategic ESG opportunities


Veidekke has set quantitative targets in several areas, with particular attention to:

• reducing greenhouse gas emissions in accordance with the Paris Agreement, and achieving climate neutrality by 2045
• avoiding serious injuries and reducing the total number of injuries
• achieving more diversity in the organisation

Governance and responsibility

Sustainability is integrated into the group's strategy and management systems. The board of directors is overall responsible, and the day-to-day responsibilities are directed by the group management.

Material topics

We base Veidekke’s sustainability work on our latest materiality analysis, which looks at opportunities and risks facing Veidekke, and what our most important stakeholders are concerned about. The analysis is carried out in accordance with the GRI (Global Reporting Initiative) framework. The material topics also indicate which of the UN's 17 sustainability goals Veidekke can contribute the most to achieving. The materiality analysis provides a foundation for setting specific sustainability goals.

Reporting

Veidekke issues annual reports which discuss the impact from the group’s operations on the environment, climate and society, our efforts to limit negative consequences, as well as how operations are affected by climate change, laws and regulations, and other changes in the operating environment. Reports are prepared in accordance with the Global Reporting Initiative (GRI) framework.

Veidekke provides responses to selected investor surveys and has committed to the UN Global Compact’s 10 principles for responsible business practices.

Our reporting on climate risk and reduction of greenhouse gas emissions is rated ‘A’ by the international organisation CDP Climate Change.

Veidekke’s material topics