Veidekke ASA is a leading construction and property development company headquartered in Oslo, Norway. Established in 1936, Veidekke has evolved into one of Scandinavia’s largest contractors, operatin... Veidekke ASA is a leading construction and property development company headquartered in Oslo, Norway. Established in 1936, Veidekke has evolved into one of Scandinavia’s largest contractors, operating across Norway, Sweden, and Denmark. The company’s core functions span the full spectrum of construction and civil engineering, including infrastructure projects such as roads, railways, airports, power production facilities, and recycling plants. Veidekke ASA is also prominent in building residential complexes, schools, healthcare facilities, cultural venues, hotels, and commercial offices, offering both new construction and renovation services for public and private sectors. Besides construction, the firm produces essential materials like asphalt and aggregates, supporting its extensive infrastructure operations. Veidekke ASA serves as the parent of several specialized subsidiaries involved in construction materials, engineering, and property development, reflecting a diversified approach within the industrial and commercial services sector. With a workforce numbering over 7,800, Veidekke is recognized for its significant market presence and its impact on development projects that shape Scandinavian urban and rural environments.
In 2024, 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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2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B 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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7.1 CCM/CCA - Construction of new buildings
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7.2 CCM/CCA - Renovation of existing buildings
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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Total Taxonomy Non-Eligible B Opex
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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 CE - Renovation of existing buildings, 7.2 CCM/CCA - Renovation of existing buildings
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2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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Total Taxonomy Non-Eligible B Capex
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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 CE - Renovation of existing buildings, 7.2 CCM/CCA - Renovation of existing buildings
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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 (A1, A2, A, B, and A+B), 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 Annual Report 2024
b. Veidekke's Annual Report 2023
c. Veidekke's Annual Report 2022
Insights into Veidekke's Revenues from Sustainable Activities
In 2024, Veidekke reported EU Taxonomy-eligible revenues of NOK 38.17 billion, representing 92.2% of its total turnover. Of this amount, NOK 1.52 billion of Veidekke's revenues was classified as EU Taxonomy-aligned, indicating that 3.7% 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 Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Veidekke's revenues become more sustainable over time?
Compared to the previous year (2023), Veidekke's taxonomy-aligned revenues decreased by 43.94%, suggesting that Veidekke may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
How much of Veidekke's revenue is eligible under the EU Taxonomy?
In 2024, Veidekke reported that NOK 38.17 billion of its revenue was eligible under the EU Taxonomy, representing 92.2% of the company's total turnover. Of this amount, NOK 1.52 billion (3.7% of total revenue) was classified as Taxonomy-aligned. This means that 88.5% 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 2024, Veidekke reported that NOK 1.52 billion of its revenue was aligned under the EU Taxonomy, representing 3.7% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Veidekke's Eligibility & Alignment Overview
Veidekke's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Veidekke's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Veidekke reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 3.7%
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 2024, Veidekke reported that NOK 1.53 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 3.7% of the company's total revenue,indicating that Veidekkehas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Veidekke's CAPEX from Sustainable Activities
In 2024, Veidekke reported EU Taxonomy-eligible CAPEX of NOK 807.00 million,representing 87.8% of its total CAPEX. Of this amount, NOK 5.00 million of Veidekke's CAPEX was classified as EU Taxonomy-aligned, indicating that 0.6% 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
How much of Veidekke's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Veidekke reported that NOK 807.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 87.8% of the company's total CAPEX. Of this amount, NOK 5.00 million (0.6% of total CAPEX) was classified as Taxonomy-aligned. This means that 87.2% 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 2024, Veidekke reported that NOK 5.00 million of its CAPEX was aligned under the EU Taxonomy, representing 0.6% 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 A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Veidekke's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Veidekke reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.6%
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 Veidekke is investing in climate-related solutions?
In 2024, Veidekke allocated NOK 5.52 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.6% 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 2024, Veidekke reported EU Taxonomy-eligible OPEX of NOK 706.00 million,representing 88.8% of its total operating expenses (OPEX). Of this amount, NOK 5.00 million of Veidekke's OPEX was classified as EU Taxonomy-aligned, indicating that 0.7% of the company's operating expenses 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
How much of Veidekke's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Veidekke reported that NOK 706.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 88.8% of the company's total OPEX. Of this amount, NOK 5.00 million (0.7% of total OPEX) was classified as Taxonomy-aligned. This means that 88.1% of Veidekke's OPEX is eligible but not aligned, indicating that these expenditures 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 OPEX is aligned with the EU Taxonomy?
In 2024, Veidekke reported that NOK 5.00 million of its OPEX was aligned under the EU Taxonomy, representing 0.7% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Veidekke's Eligibility & Alignment Overview
Veidekke's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Veidekke's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Veidekke reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.6%
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 of Veidekke's operational budget supports climate-related solutions?
In 2024, Veidekke allocated NOK 4.78 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.6% of the company's total OPEX,indicating that Veidekkehas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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