Veidekke ASA is a leading Scandinavian construction and property development company founded in 1936, initially as a cobblestone manufacturer and layer, and now one of the largest in Norway and the fo... Veidekke ASA is a leading Scandinavian construction and property development company founded in 1936, initially as a cobblestone manufacturer and layer, and now one of the largest in Norway and the fourth largest in the region. Headquartered in Oslo, Norway, it operates across Norway, Sweden, and Denmark through segments including Construction Norway, Infrastructure Norway, Construction Sweden, Infrastructure Sweden, and Denmark/Hoffmann. The company undertakes diverse projects such as residential and non-residential buildings like schools, healthcare facilities, offices, hotels, and shopping centers; civil engineering for roads, railways, bridges, tunnels, power stations, and airports; as well as asphalt production, aggregates, road maintenance, and industrial waste recycling. With approximately 7,800 employees and annual revenue exceeding $3.75 billion, Veidekke ASA emphasizes employee ownership and sustainability, targeting net-zero emissions by 2045 with validated science-based goals for GHG reductions. Its integrated model supports public, commercial, and residential sectors, contributing significantly to regional infrastructure and urban development.
In 2025, Veidekke was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Veidekke has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Veidekke are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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3.1 CE - Construction of new buildings, 7.1 CCM/CCA - Construction of new buildings
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3.2 CCM/CCA - Manufacture of equipment for the production and use of hydrogen, 3.2 CE - Renovation of existing buildings
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6.14 CCM/CCA - Infrastructure for rail transport
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7.1 CCM/CCA - Construction of new buildings
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7.2 CCM/CCA - Renovation of existing buildings
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a
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c
0000000
Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Opex
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b
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Total Taxonomy Eligible Opex
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3.1 CE - Construction of new buildings, 7.1 CCM/CCA - Construction of new buildings
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b
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3.2 CE - Renovation of existing buildings, 7.2 CCM/CCA - Renovation of existing buildings
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0000000
Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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3.1 CE - Construction of new buildings, 7.1 CCM/CCA - Construction of new buildings
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b
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0000000
3.2 CE - Renovation of existing buildings, 7.2 CCM/CCA - Renovation of existing buildings
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b
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6.14 CCM/CCA - Infrastructure for rail transport
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a
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0000000
7.1 CCM/CCA - Construction of new buildings
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a
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0000000
7.2 CCM/CCA - Renovation of existing buildings
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a
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Limited Data Preview
You are viewing a limited preview of Veidekke’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Veidekke’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Veidekke’s data sources below and access millions more through our Disclosure Search.
a. Veidekke's Integrated Report 2025
b. Veidekke's Annual Report 2024
c. Veidekke's Annual Report 2023
d. Veidekke's Annual Report 2022
Insights into Veidekke's Revenues from Sustainable Activities
In 2025, Veidekke reported EU Taxonomy-eligible revenues of NOK 38.87 billion, representing 90.1% of its total turnover. Of this amount, NOK 4.59 billion of Veidekke's revenues was classified as EU Taxonomy-aligned, indicating that 10.6% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Veidekke's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Veidekke's revenues become more sustainable over time?
Compared to the previous year (2024), Veidekke's taxonomy-aligned revenues increased by 186.49%,highlighting Veidekke's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Veidekke's revenue is eligible under the EU Taxonomy?
In 2025, Veidekke reported that NOK 38.87 billion of its revenue was eligible under the EU Taxonomy, representing 90.1% of the company's total turnover. Of this amount, NOK 4.59 billion (10.6% of total revenue) was classified as Taxonomy-aligned. This means that 79.5% of Veidekke's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Veidekke's eligible revenue is aligned with the EU Taxonomy?
In 2025, Veidekke reported that NOK 4.59 billion of its revenue was aligned under the EU Taxonomy, representing 10.6% of its total turnover.a
This moderate level of alignment indicates that Veidekke has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Veidekke's Eligibility & Alignment Overview
Veidekke's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Veidekke's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2025, Veidekke reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 10.6%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Veidekke earn from selling climate-related solutions ?
In 2025, Veidekke reported that NOK 4.57 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 10.6% of the company's total revenue,indicating that Veidekkehas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Veidekke's CAPEX from Sustainable Activities
In 2025, Veidekke reported EU Taxonomy-eligible CAPEX of NOK 975.35 million,representing 89.4% of its total CAPEX. Of this amount, NOK 68.00 million of Veidekke's CAPEX was classified as EU Taxonomy-aligned, indicating that 6.2% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Veidekke's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Veidekke's increased its investment in sustainable activities over time?
Compared to the previous year (2024), Veidekke's taxonomy-aligned CAPEX increased by 933.33%,highlighting Veidekke's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Veidekke's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2025, Veidekke reported that NOK 975.35 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 89.4% of the company's total CAPEX. Of this amount, NOK 68.00 million (6.2% of total CAPEX) was classified as Taxonomy-aligned. This means that 83.2% of Veidekke's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Veidekke's eligible CAPEX is aligned with the EU Taxonomy?
In 2025, Veidekke reported that NOK 68.00 million of its CAPEX was aligned under the EU Taxonomy, representing 6.2% of its total capital investment.a
This low alignment reflects that Veidekke is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Veidekke's Eligibility & Alignment Overview
Veidekke's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Veidekke's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2025, Veidekke reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 6.2%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Veidekke is investing in climate-related solutions?
In 2025, Veidekke allocated NOK 67.64 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 6.2% of the company's total capital expenditure,indicating that Veidekkehas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Veidekke's OPEX from Sustainable Activities
In 2025, Veidekke reported that 0% of its its total operating expenses (OPEX) was EU Taxonomy-eligible. Of this, 0% was classified as EU Taxonomy-aligned, indicating that these operating activities substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Veidekke's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Veidekke's increased its spending in sustainable activities over time?
Compared to the previous year (2024), Veidekke's taxonomy-aligned OPEX decreased by 100%, suggesting that Veidekke may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
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