Sweco’s climate targets approved by Science Based Targets initiative (SBTi)

Sweco has received the validation and approval of its near-term emissions reduction targets by the Science Based Targets initiative (SBTi). The climate targets cover emissions across the company’s Scope 1, 2 and 3 and are consistent with the goals of the UN Paris Agreement.

As Europe’s leading architecture and engineering consultancy, Sweco is committed to actively supporting the transition to a low-carbon society. The setting of science-based targets for the company’s own emissions reductions is one important step on Sweco’s decarbonisation pathway. 

In the near-term, Sweco has committed to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 90 per cent and Scope 3 GHG emissions by 30 per cent by 2030 from a 2020 base year. The targets have been validated and approved by SBTi and are consistent with halving total emissions by 2030. 

“We are pleased to have our near-term climate targets validated by SBTi, confirming their alignment with what the latest climate science considers necessary to limit global warming to 1.5⁰C. This is a testimony to Sweco’s climate action ambitions. As architects and engineers, we are uniquely positioned to influence and design sustainable solutions that meet the challenges of climate change and the SBTi validation is a clear signal for our clients and suppliers to join us in transforming society together,” says Åsa Bergman, President and CEO of Sweco. 

Sweco’s long-term target remains to reduce emissions across the company’s value chain and to achieve climate neutrality by 2040. 

Sweco’s climate targets and footprint in brief

• Reduce absolute Scope 1 and 2 GHG emissions by 90 per cent by 2030 from a 2020 base year (SBTi approved).
• Reduce absolute Scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, waste management, business travel and employee commuting by 30 per cent by 2030 from a 2020 base year (SBTi approved).
• Achieve climate neutrality by 2040. 
• Sweco’s climate footprint in 2023 amounted to 66,449 tonnes CO2e. Compared with the base year 2020, in 2023, Scope 1 emissions decreased 25 per cent, Scope 2 emissions were down 36 per cent and Scope 3 emissions increased 18 per cent as a consequence of increased business activities. In total, emissions increased 2 per cent in 2023 compared with the base year 2020.

About SBTi
The SBTi is a global partnership between Carbon Disclosure Project (CDP), the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Science-based targets provide a clearly defined pathway for companies and financial institutions to reduce greenhouse gas emissions, helping to prevent the worst impacts of climate change and to future-proof business growth. Targets are considered science-based if they are in line with the level of decarbonisation required to keep global warming to well below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C. 
 

For additional information, please contact:
Anna E Olsson, Head of Press, Sweco Group, +4670 557 33 26, anna.e.olsson@sweco.se 
 

Sweco plans and designs the sustainable communities and cities of the future. Together with our clients and the collective knowledge of our 22,000 architects, engineers and other experts, we co-create solutions to address urbanisation, capture the power of digitalisation, and make our societies more sustainable. Sweco is Europe’s leading engineering and architecture consultancy, with sales of approximately SEK 29 billion (EUR 2.5 billion) in 2023. The company is listed on Nasdaq Stockholm. www.swecogroup.com.