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Veidekke ASA

Common Name
Veidekke
Country
Norway
Sector
Industrials
Industry
Engineering & Construction
Employees
7,976
Ticker
VEI
Exchange
OSLO BORS
Description
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's GHG Emissions Data Preview

In 2024, 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 14 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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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
0000000
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Verified Sources Behind Veidekke’s Greenhouse Gas (GHG) Emissions 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
a. Veidekke's Annual Report 2024

Insights into Veidekke's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofVeidekke amounted to59,176metric 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).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Veidekkedecreased by 5.08%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Veidekke's Scope 1 Emissions Over Time

20202021202220232024025 k50 k75 k100 ktCO2e-18%-14%-10%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Veidekke's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Veidekke were 57,898 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Veidekke reduced its Scope 1 emissions over time?

Since 2020, Veidekke's Scope 1 emissions have decreased by 39.53%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2023), Veidekke's Scope 1 emissions decreased by 4.62%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Veidekke's Scope 2 emissions?

In 2024, Veidekke reported Scope 2 greenhouse gas (GHG) emissions of 53,532 tCOâ‚‚e using the market-based method and 1,278 tCOâ‚‚e using the location-based method.a

Has Veidekke reduced its Scope 2 emissions over time?

Since 2020, Veidekke's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 61.66%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year(2023), Veidekke's Scope 2 emissions(Location-Based) fell by 22.22% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Veidekke use for Scope 2 reporting?

In 2024, Veidekke reported its Scope 2 emissions using the market-based method and using the location-based method.a

Veidekke's Scope 2 Emissions Over Time

20202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Veidekke's Value Chain Emissions

In 2024, Veidekke reported 1,003,199 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Veidekke includes a breakdown across 14of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Veidekke's Scope 3 Emissions Over Time

202020212022202320240400 k800 k1.2 M1.6 MtCO2e-14%-12%-9%+1%
  • Total Scope 3
  • Year-over-Year Change

What are Veidekke's Scope 3 emissions?

In 2024, Veidekke reported total Scope 3 emissions of 1,003,199 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 76.08%of these emissions originated from upstream activities such as purchased goods and capital goods, while 23.92%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Veidekke reduced its Scope 3 emissions over time?

Since 2020, Veidekke's Scope 3 emissionshave decreased by 30.61%, reflecting a declining long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2023), Veidekke's Scope 3 emissions remained relatively stable, indicating that Veidekke's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Veidekke disclose?

In 2024, Veidekke reported emissions for 14 out of the 15 Scope 3 categories defined by the GHG Protocol.a

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 2024, the largest contributors to Veidekke's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 623,803 tCOâ‚‚e(62.18%)
  • Use of Sold Products (Cat. 11): 149,035 tCOâ‚‚e(14.86%)
  • End-of-Life Treatment of Sold Products (Cat. 12): 87,674 tCOâ‚‚e(8.74%)

Veidekke's Scope 3 Emissions by Categories

End-of-LifeTreatment of SoldProducts (Cat. 12)(8.7%)Purchased Goods andServices (Cat. 1)(62.2%)Use of Sold Products(Cat. 11)(14.9%)

Insights into Veidekke’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Veidekke reported Scope 1 greenhouse gas (GHG) emissions of 57,898 tCOâ‚‚e and total revenues of USD 3,652 millions. This translates into an emissions intensity of 15.86 tCOâ‚‚e per millions USD.a

Veidekke's Scope 1 Emissions Intensity Compared to Peers

1001,00010,000200,0002,000,000Scope 1 Emissions (tCO2e)2005002,00010,00050,000Revenues (Millions of USD)KRKSANCKKKalpataru Projects InternationalYear: 2025Scope 1: 82,563 tCO2eRevenue: $M 2,587Scope 1 Intensity: 31.91 tCO2e/$MYITYear: 2024Scope 1: 18,300 tCO2eRevenue: $M 1,894Scope 1 Intensity: 9.66 tCO2e/$MRRRenew HoldingsYear: 2024Scope 1: 26,413 tCO2eRevenue: $M 1,350Scope 1 Intensity: 19.56 tCO2e/$MTokyu ConstructionYear: 2024Scope 1: 31,042 tCO2eRevenue: $M 1,886Scope 1 Intensity: 16.46 tCO2e/$MMulticonsultYear: 2024Scope 1: 589 tCO2eRevenue: $M 560Scope 1 Intensity: 1.05 tCO2e/$MAecon GroupYear: 2024Scope 1: 107,693 tCO2eRevenue: $M 2,949Scope 1 Intensity: 36.51 tCO2e/$MAfryYear: 2024Scope 1: 340 tCO2eRevenue: $M 2,464Scope 1 Intensity: 0.14 tCO2e/$MKKKeller GroupYear: 2024Scope 1: 189,978 tCO2eRevenue: $M 3,748Scope 1 Intensity: 50.69 tCO2e/$MTodaYear: 2024Scope 1: 55,932 tCO2eRevenue: $M 3,450Scope 1 Intensity: 16.21 tCO2e/$MAF GruppenYear: 2024Scope 1: 41,042 tCO2eRevenue: $M 2,665Scope 1 Intensity: 15.40 tCO2e/$MKoninklijke HeijmansYear: 2024Scope 1: 16,871 tCO2eRevenue: $M 2,689Scope 1 Intensity: 6.27 tCO2e/$MSSSanki EngineeringYear: 2023Scope 1: 2,521 tCO2eRevenue: $M 1,433Scope 1 Intensity: 1.76 tCO2e/$MBravida HoldingYear: 2024Scope 1: 15,876 tCO2eRevenue: $M 2,691Scope 1 Intensity: 5.90 tCO2e/$MAAAfcons InfrastructureYear: 2025Scope 1: 244,139 tCO2eRevenue: $M 1,463Scope 1 Intensity: 166.83 tCO2e/$MDof GroupYear: 2024Scope 1: 537,909 tCO2eRevenue: $M 13,653Scope 1 Intensity: 39.40 tCO2e/$MNNNCC LtdYear: 2025Scope 1: 119,629 tCO2eRevenue: $M 2,575Scope 1 Intensity: 46.46 tCO2e/$MToa Corp (Tokyo)Year: 2024Scope 1: 94,300 tCO2eRevenue: $M 1,874Scope 1 Intensity: 50.31 tCO2e/$MCCCHALIECOYear: 2021Scope 1: 18,904 tCO2eRevenue: $M 3,751Scope 1 Intensity: 5.04 tCO2e/$MCTCIYear: 2024Scope 1: 4,683 tCO2eRevenue: $M 3,661Scope 1 Intensity: 1.28 tCO2e/$MBurkhalter HoldingYear: 2024Scope 1: 8,560 tCO2eRevenue: $M 1,277Scope 1 Intensity: 6.70 tCO2e/$MMirait OneYear: 2024Scope 1: 59,262 tCO2eRevenue: $M 3,423Scope 1 Intensity: 17.31 tCO2e/$MNorconsultYear: 2024Scope 1: 579 tCO2eRevenue: $M 918Scope 1 Intensity: 0.63 tCO2e/$MRatosYear: 2024Scope 1: 14,848 tCO2eRevenue: $M 2,915Scope 1 Intensity: 5.09 tCO2e/$MMorgan Sindall GroupYear: 2024Scope 1: 8,056 tCO2eRevenue: $M 5,705Scope 1 Intensity: 1.41 tCO2e/$MBalfour BeattyYear: 2024Scope 1: 130,878 tCO2eRevenue: $M 10,333Scope 1 Intensity: 12.67 tCO2e/$MVeidekkeYear: 2024Scope 1: 57,898 tCO2eRevenue: $M 3,652Scope 1 Intensity: 15.86 tCO2e/$M

How does Veidekke's GHG emissions intensity compare to its peers?

In 2024, Veidekke reported a Scope 1 emissions intensity of 15.86 tCOâ‚‚e per millions USD. Compared to the peer group median of 12.67, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Veidekke rank on GHG emissions intensity within its industry?

In 2024, Veidekke ranked 15 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Veidekke is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Veidekke's Total Carbon Footprint

In 2024, Veidekke reported a total carbon footprint of 1,062,375 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.33% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Veidekke's total carbon footprint was Scope 3 emissions, accounting for 94.43% of the company's total carbon footprint, followed by Scope 1 emissions at 5.45%.a

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