Climate Change Data

Sweco AB (publ)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:66,449 tCO2e/year
Scope 1 Emissions:8,707 tCO2e/year
Scope 2 Emissions:6,426 tCO2e/year
Scope 3 Emissions:51,317 tCO2e/year
Renewable Energy Share:37% of total energy use
Total Energy Consumption:54,321 MWh/year
Carbon Intensity:3.3 tCO2e/FTE

ESG Focus Areas

  • Climate change mitigation and adaptation
  • Energy transition
  • Circularity
  • Biodiversity
  • Urban planning

Environmental Achievements

  • Reduced Scope 1 emissions by 5% compared to 2022
  • Increased share of fossil-free vehicles to 59% (from 42% in 2022)
  • Achieved 98% renewable energy at offices in Sweden

Social Achievements

  • Decreased voluntary employee turnover to 11.6% (from 13.9% in 2022)
  • Launched EDGE leadership program
  • Established LGBTQ+ employee network in the UK

Governance Achievements

  • Converted EUR 400 million credit facility into a sustainability-linked loan
  • Zero confirmed incidents of corruption
  • Updated Code of Conduct to clarify human rights responsibilities

Climate Goals & Targets

Long-term Goals:
  • Climate neutral operations by 2040
Medium-term Goals:
  • Achieve climate neutrality in its own operations by 2040
  • Achieve 40% share of female employees in the Group by 2040
Short-term Goals:
  • Halve emissions by 2030

Environmental Challenges

  • Shortage of qualified professionals, especially engineers
  • Difficulty in meeting Do No Significant Harm (DNSH) criteria for EU Taxonomy
  • Increased travel emissions due to increased project activity
Mitigation Strategies
  • Implemented mobility budget for employees to promote sustainable travel
  • Developed Carbon Accounting Principles (CAP) and Futureproofed digital tool for emissions management
  • Actively recruiting and developing future talent through various programs

Supply Chain Management

Responsible Procurement
  • Sweco’s Code of Conduct for partners

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions that may damage assets and cause operational interruptions
Transition Risks
  • Changes in policy and legislation
  • Sudden and unexpected changes in the market and economy
  • Failing to meet established climate targets
Opportunities
  • Increased demand for consulting services regarding climate change mitigation and adaptation
  • Sustainable transformation drives technological development and consulting demand

Reporting Standards

Frameworks Used: GRI, TCFD, UNGC, CDP, GHG Protocol, SBTi

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 27001 (being implemented)

Third-party Assurance: PricewaterhouseCoopers

UN Sustainable Development Goals

  • SDG 6
  • SDG 7
  • SDG 9
  • SDG 11
  • SDG 13

Sweco contributes to these goals through its client projects and own operations.

Sustainable Products & Innovation

  • Twinfinity, a cloud-based platform for digital twins