What are Mission Vision & Core Values of Skanska Company?

The Mission, Vision & Core Values of Skanska centers on innovation and sustainability. This dual focus guides Skanska's strategic direction, influencing its project selection and operational practices. The goal is to benefit stakeholders, including employees, clients, and the broader community.

Skanska targets a diverse customer base. This includes individuals, businesses, and public entities. They offer a wide array of services, from building construction to infrastructure development, catering to various needs across Europe and North America.

Skanska actively integrates advanced technologies into its projects. This includes the use of Building Information Modeling (BIM) and digital project management tools. These technologies improve efficiency and enhance project outcomes.

Skanska's commitment to sustainability is evident in its green construction practices. They prioritize the use of sustainable materials and energy-efficient designs. For example, Skanska aims to achieve net-zero carbon emissions by 2045.

Skanska has made significant strides in reducing its environmental footprint. By 2024, the company reported a 61% reduction in Scope 1 and 2 emissions compared to 2015. Furthermore, they achieved a 37% reduction in Scope 3 emissions compared to 2020, demonstrating their commitment to lowering carbon emissions across their value chain.

Skanska's mission extends beyond environmental concerns to include social responsibility. They focus on creating positive impacts within the communities where they operate. This includes supporting local initiatives and promoting ethical business practices.

The 'five zeros' vision is aspirational, pushing Skanska towards eliminating negative outcomes. It's a long-term goal that drives strategic planning and operational excellence. This vision reflects Skanska's long-term vision for the future.

The vision covers financial performance, safety, environmental impact, ethical conduct, and quality. This comprehensive approach demonstrates Skanska's approach to corporate responsibility. It aims to create a positive impact across various dimensions.

The vision serves as a catalyst for continuous improvement initiatives. It encourages the company to identify and mitigate risks. This commitment is a key aspect of Skanska's commitment to sustainability and overall excellence.

Skanska's commitment is demonstrated through robust safety programs and adherence to its Code of Conduct. Investment in technology supports the reduction of defects and environmental incidents. These actions showcase examples of Skanska's mission in action.

While achieving absolute 'zero' is challenging, the vision provides a clear direction. It motivates strategic planning and operational execution. This long-term perspective is crucial for understanding Skanska's vision and values explained.

Skanska integrates its vision into every project it undertakes, ensuring that its core values are reflected in its operations. This integration is a key factor in how Skanska integrates its vision into projects.

Skanska's digital transformation efforts are directly linked to its Skanska mission of sustainability and efficiency. The company is investing heavily in technologies like AI-powered project management tools to reduce waste and improve project outcomes. This commitment is reflected in their reported achievements, such as a 10% reduction in carbon emissions from their operations in 2023 compared to the previous year.

The "five zeros" vision (zero accidents, zero environmental incidents, zero ethical breaches, zero defects, and zero lost time injuries) provides clear, measurable targets that influence day-to-day operations and long-term strategic goals. Skanska's commitment to safety is evident in its continuous efforts to reduce lost time injury rates. For example, in Norway, Skanska reported a 20% decrease in lost time injury rates in 2024 compared to 2023, demonstrating the direct impact of their Skanska core values on workplace safety.

Skanska's success is measured by tangible outcomes that align with its mission and vision. Key performance indicators (KPIs) include reductions in carbon emissions, improvements in safety performance, and the successful delivery of complex, sustainable projects. The company's commitment to sustainability is also reflected in its financial performance. For instance, Skanska’s revenue from green projects has increased by 15% in the last two years, demonstrating the financial benefits of aligning with its values.

Skanska's focused approach to its home markets allows it to concentrate its expertise and resources on areas where it can have a significant impact and build for a better society. This strategic focus enables Skanska to build strong relationships with local stakeholders and tailor its projects to meet specific regional needs. This strategic focus has led to increased project wins in their core markets, with a 12% increase in new orders in North America in 2024.

The decision to invest in and develop sustainable properties, such as LEED-certified buildings, is a direct outcome of their commitment to sustainability. Skanska’s investment in green building projects has yielded significant returns, with LEED-certified projects often commanding higher market values and attracting environmentally conscious tenants. Skanska's commitment to sustainable development is also evident in its partnerships with organizations focused on green building practices, further solidifying its position as a leader in the industry.

Skanska actively engages with its stakeholders, including employees, clients, and communities, to ensure its actions align with its Skanska principles. This engagement fosters trust and collaboration, enabling Skanska to deliver projects that meet the needs of all parties involved. Skanska’s commitment to transparency and open communication, as outlined in their annual reports and sustainability disclosures, underscores their dedication to building strong relationships with all stakeholders. To learn more about the financial aspects of Skanska, you can read about Owners & Shareholders of Skanska.

Leadership plays a pivotal role in reinforcing Skanska core values and integrating them into the company culture. This top-down approach ensures that the mission and vision are consistently communicated and upheld throughout the organization.

The emphasis on safety, for instance, is driven from the top down, with leaders promoting a safety-first mindset and investing in safety programs. This commitment is evident in the company's safety performance metrics, which are closely monitored and continuously improved.

Skanska communicates its mission and values through various channels to all stakeholders. This ensures that everyone understands the company's principles and how they guide its actions.

The company website, annual reports, and internal communications are primary channels for disseminating information about its mission, vision, and values. This transparency builds trust and reinforces the company's commitment to its stakeholders.

Skanska demonstrates alignment between its stated values and actual practices through various initiatives and projects. These examples showcase how the company’s core principles are put into action.

Involvement in community investment projects and commitment to diversity and inclusion are concrete examples of Skanska's values in action. These initiatives reflect the company's dedication to social responsibility and creating a positive impact on society. For more insights, check out the Marketing Strategy of Skanska.

Skanska utilizes formal programs and systems to ensure alignment between its values and operational practices. These structured approaches help maintain consistency and drive progress toward Skanska goals.

The Sustainability Action Plan, Safety Leadership Program, and initiatives focused on innovation and diversity are key examples. The integration of data governance into their business management system also supports data-driven decision-making aligned with their goals.