Q. How has the CDP process led to measurable, commercial benefits for Skanska?
A. Responding to the investor request for climate change data through CDP helps us to focus on carbon as a strategic priority, to understand and mitigate our environmental impacts, as well as helping us to identify opportunities to deliver greener projects.
Carbon equals money. This is true now and due to legislation and fiscal instruments, such as tariffs taxes and Emissions Trading Schemes, the correlation between carbon and money will be increasingly close. In addition, construction is a resource-intensive industry. To save resources, carbon and money we need to know where the costs and opportunities are, both within Skanska and our supply chain.
By understanding our impact, we can take action to reduce carbon emissions and, at the same time, save costs. This will be achieved in partnership with others, including our clients, designers, and supply-chain. For example, a joint venture calculating the carbon footprint of the UK’s M25 motorway identified opportunities that resulted in reducing carbon emissions by approximately 27% in total and financial savings of US61million. More examples can be found on Skanska’s website.
A proactive approach to carbon and resource efficiency often attracts the attention of forward-thinking clients. This creates business opportunities for Skanska, since we have a high level of competency within our organization, which enables us to deliver financially sound green and carbon efficient projects.