About the Sustainability Report

This sustainability appendix complements Peab’s Sustainability Report 2021 which is integrated into the Annual Report. The Sustainability Report follows the financial year and comprises the period January 1 to December 31. This is Peab’s eleventh 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 2020, was published on April 6, 2021. The Sustainability Report has not been reviewed by a third party. We have however, for this year’s reporting, engaged a third party to do a pre-​assurance of our sustainability processes and reporting procedures with the intention of conducting a limited assurance of Peab’s sustainability reporting as of 2022.

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 and changes in the report

The report comprises the Group’s business in Sweden, Norway, Finland and Denmark and all the companies over which Peab has operational control. No material changes in the organization or value chain have occurred during the year.

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. With the adoption of the new business plan for 2021-​2023 we revised our prioritized sustainability aspects. Peab’s report focuses on three areas; social, environment and economic which comprise a total of 8 (11) material sustainable aspects. Read more here. Compared to 2020 the following changes have been made concerning our environmental aspects:

  • The work environment and safety culture replace the aspect Health and the work environment
  • Education and development for the young replace the aspect Peab Life
  • Quality ensured supply chain replace the aspect Responsibility in the supply chain
  • The aspects Customer and supplier cooperation and Skills recruitment have been deleted since they are now integrated into our management
  • Peab Life is included in Education and development for the young

In addition to the revision of our prioritized sustainability aspects, as of this year Peab reports waste according to the updated standard GRI 306 Waste version 2020, which compared to previous versions more specifically includes the entire value chain. All told the changes in our prioritized sustainability aspects entail the following for reported disclosures:

  • GRI 206-1, GRI 302-3, GRI 305-4, GRI 306-1, GRI 306-2 and GRI 306-3 are new GRI disclosures that Peab reports
  • GRI 404-3 has been deleted since we consider 404-1 better describes Peab’s work with education
  • Our own disclosures added in 2021 include:
    • Percent of women recruited during the year in relation to the education market
    • Sick leave

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: Juha Hartomaa, IR, juha.hartomaa@peab.se.