Veidekke ASA

Common Name
Veidekke
Country
Norway
Sector
Industrials
Industry
Engineering & Construction
Employees
7,868
Ticker
VEI
Exchange
OSLO BORS
Description
Veidekke ASA is a renowned construction and property development company originating from Norway, known for its comprehensive involvement in infrastructure, commercial buildings, and residential prope...

Veidekke's GHG Emissions Data Preview

In 2023, Veidekke completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Veidekke has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Veidekke's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Veidekke amounted to 61,792 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Veidekke decreased by 9.57%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Veidekke's Scope 1 Emissions Over Time

20182020202120222023030 k60 k90 k120 ktCO2e-16%-16%-15%-10%
  • Total Scope 1
  • Year-over-Year Change

What are Veidekke's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Veidekke were 60,149 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Veidekke reduced its Scope 1 emissions over time?

Since 2018, Veidekke's Scope 1 emissions have decreased by 46.15%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Veidekke's Scope 1 emissions decreased by 10.13%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Veidekke's Scope 2 emissions?

In 2023, Veidekke reported Scope 2 greenhouse gas (GHG) emissions of 44,308 tCOâ‚‚e using the market-based method and 1,643 tCOâ‚‚e using the location-based method.

Has Veidekke reduced its Scope 2 emissions over time?

Since 2018, Veidekke's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Veidekke 's emissions have plateaued with no significant change in its energy consumption footprint.

Compared to the previous year (2022), Veidekke's Scope 2 emissions (Location-Based) rose by 16.86% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Veidekke use for Scope 2 reporting?

In 2023, Veidekke reported its Scope 2 emissions using the market-based method and using the location-based method.

Veidekke's Scope 2 Emissions Over Time

20182020202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Veidekke's Value Chain Emissions

In 2023, Veidekke reported 958,349 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Veidekke includes a breakdown across 13 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Veidekke's Scope 3 Emissions Over Time

20202021202220230350 k700 k1.05 M1.4 MtCO2e-11%-16%-8%
  • Total Scope 3
  • Year-over-Year Change

What are Veidekke's Scope 3 emissions?

In 2023, Veidekke reported total Scope 3 emissions of 958,349 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 87.83% of these emissions originated from upstream activities such as purchased goods and capital goods, while 12.17% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Veidekke's Scope 3 emissions remained relatively stable, indicating that Veidekke 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Veidekke disclose?

In 2023, Veidekke reported emissions for 13 out of the 15 Scope 3 categories defined by the GHG Protocol.

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Veidekke's Scope 3 emissions?

In 2023, the largest contributors to Veidekke's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 722,324 tCOâ‚‚e (75.37%)
  • Use of Sold Products (Cat. 11): 71,528 tCOâ‚‚e (7.46%)
  • Upstream Transportation and Distribution (Cat. 4): 58,346 tCOâ‚‚e (6.09%)

Veidekke's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(7.5%)Purchased Goods andServices (Cat. 1)(75.4%)UpstreamTransportation andDistribution(Cat. 4)(6.1%)

Insights into Veidekke's Total Carbon Footprint

In 2023, Veidekke reported a total carbon footprint of 1,020,141 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.4% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Veidekke's total carbon footprint was Scope 3 emissions, accounting for 93.94% of the company's total carbon footprint, followed by Scope 1 emissions at 5.9%.

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