About the Sustainability Report

This Sustainability appendix complements Peab’s Sustainability Report 2020 which is integrated into the Annual Report. The Sustainability Report follows the financial year and comprises the period January 1 to December 31, 2020. This is Peab’s tenth Sustainability Report and is prepared according to GRI Standards: level Core.

The Sustainability Report is published once a year and the last one, the Sustainability Report for 2019, was published on April 7, 2020. The Sustainability Report has not been reviewed by a third party.

Peab signed Global Compact 2012 and the Annual and Sustainability Report make up the Group’s Communication on Progress, the annual report to Global Compact. In accordance with the decision by Peab’s President and CEO the company will continue to follow Global Compact.

The Sustainability Report includes the statutory sustainability report according to the Annual Report Act chapter 6 paragraph 11.

Scope

The report comprises the Group’s business in Sweden, Norway, Finland and Denmark and all the companies over which Peab has operational control. Based on the materiality analysis the report focuses on the issues that reflect the areas where the business has the most significant impact from a sustainable perspective. Peab’s report focuses on three areas; Social, Environment and Economic which comprise a total of eleven sustainable aspects.

Changes in the report

During the year it was decided to delete Peab’s own disclosure Mentorship that was included in 2019. As of this report that disclosure is integrated into Peab Life.

In addition some small changes were made in the formulation of our environmental goals where the concept substances was replaced by products and material efficiency was replaced by resource efficiency.

Access to sustainable data increased in 2020, in part through the acquisition of YIT’s Nordic paving and mineral aggregates operations through which the business grew in existing countries and Denmark was added as an operations country. The scope of this year’s report also expanded when it became possible to include more suppliers. These changes have a certain effect on comparability regarding a number of disclosures – where last year we only reported data for Sweden, Norway and Finland this year we are reporting figures from all four operations countries.

The expanded scope is the result of the acquisition from YIT but also stems from our ongoing quality assurance work which will continue in 2021.

In cases where boundaries and/or accounting principles have changed in one of the specific disclosures for one of the reported years, it will be noted in the text or table directly connected to the given information.

More information about Peab can be found at www.peab.com.

For information about Peab’s sustainability work please contact: Maria Hernroth, Head of Sustainability, maria.hernroth@peab.se