Climate impact

Veidekke seeks to promote sustainability both in its industry and in the context of urban and social development, and is working to reduce climate impacts in construction and civil engineering supply chains. The group has adopted specific targets to achieve substantial reductions in its own greenhouse gas emissions, and aims to phase out fossil fuels entirely in the longer term. This is reflected in Veidekke’s environmental policy, which provides that the group shall:

  • operate in accordance with The Paris Agreement
  • integrate an environmental perspective into all activities
  • provide environmental expertise which adds value for customers
  • monitor the business’s environmental impact in order to reduce it
  • impose environmental and climate requirements on partners
  • ontribute beyond the group’s own operations, through engagement with trade organisations, educational institutions, R&D bodies, authorities and politicians.

How climate change impacts Veidekke (climate risk)

For Veidekke, climate change and society’s response entails increased financial risk due to physical damage to assets and changes in operating conditions. However, Veidekke’s strong environmental expertise and broad portfolio of green products and services will enable the group to pre-empt statutory changes, proactively adapt the business and attract customers with a particular focus on climate and the environment.

In 2019, Veidekke surveyed climate risk in its industrial operation. The insights gained are now playing an important role in the group’s risk assessments and strategic planning, and corresponding surveys are planned for the other business areas.



Veidekke’s climate impact

1.  Reduction of greenhouse gas emissions linked to energy consumption Veidekke has adopted the objective of reducing its own greenhouse gas emissions per unit of value added by 50% by 2030, and by 90% by 2050, using 2013 as a baseline. The group is currently evaluating what measures will be required to achieve the 2030 target.

 

From 2018 to 2019, Veidekke’s emissions from own operations fell by 4%, to 113,283 tonnes of CO2, while emissions per NOK 1,000 in revenue were reduced by 12%, to 2.9 kg of CO2. Some 53% of Veidekke’s total greenhouse gas emissions are attributable to the industrial operation (primarily asphalt production).

Some of the measures implemented to reduce energy consumption and greenhouse gas emissions are:

  • Fossil-free construction sites
  • Electrification of machinery and vehicles
  • Renewable energy carriers in asphalt production
  • Higher proportion of low-temperature asphalt
  • Asphalt reuse
  • Reduction of emissions in other parts of the supply chain
  • Mobility solutions

2.  Responsible use of materials and environmentally-friendly products

 

Measures to ensure responsible use of materials and more environmentally-friendly products include:

  • Environmental certification
  • Wood as a construction material
  • New type of low-carbon concrete
  • Cooperation on circular solutions

 

Customer satisfaction

Health and safety

Expertise

Compliance

Climate impact

Productivity

Contact us for more information

Catharina Bjerke

Sustainability director, Veidekke ASA , Oslo

T: +47 21 05 50 00

catharina.bjerke@veidekke.no