Non-financial targets and sustainability

Peab’s operations are aimed at improving everyday life where people live their lives and building sustainable communities. Building everything from homes, schools, retirement homes and hospitals to bridges, roads and other infrastructure is the core of our sustainability work. Collaboration between business areas in the processing chain and local presence are two cornerstones in our business model that create value for our customers, promote business conduct and social responsibility as well as aid us in reducing our climate and environmental impact.

We monitor our business based on nine external targets, of which three are financial and based on segment reporting and six are non-financial targets. Both our external and internal financial and non-financial targets are categorized under the strategic targets Most satisfied customers, Most profitable company, Best workplace and Leader in social responsibility. All our targets refer to our industry. We report the targets quarterly, semi-annually or annually. In this report we report the outcome of the four targets regarding operating margin, net debt/equity ratio, recommend Peab as an employer (eNPS) and serious accidents.

Most satisfied customers

TARGET: Customer Satisfaction Index (CSI) always higher than 75

It is imperative for a long-term, sustainable relationship that Peab deliver on its obligations to customers. Our annual customer survey shows how well we meet customers’ expectations. In our measurement method of Customer Satisfaction Index (CSI) each business area equals a fourth of the rating for the Group’s compiled CSI result. In 2025 CSI amounted to 80 (78) which is a clear improvement and well above over our target of higher than 75. We are pleased to see that all four business areas have improved their CSI ratings. In connection with the CSI survey we also ask customers how they perceive Peab based on a number of factors. Our personnel received the top rating while reliability and price worthiness maintain high ratings. Almost 2,100 customers participated in the autumn survey.

Best workplace

Serious accidents

TARGET: Zero vision and contracting trend in serious accidents

A safe and healthy work environment is the foundation of our business. Everyone should be able to be at our workplaces under safe, secure and healthy conditions, despite the fact that there are risks involved in the work we do. Peab has a vision of zero workplace accidents. In order to approach it we have set the target of a contracting trend in serious accidents that we monitor quarterly and which includes everyone at our workplaces.

The number of serious accidents after the second quarter of the year was 55 for the latest twelve month period, which can be compared to 49 for the full year 2025. During the second quarter 2026 there were 16 serious accidents compared to nine in the corresponding period last year. Nine of these accidents involved our own employees and seven concerned employees of subcontractors. The increase of serious accidents in the second quarter occurred in paving and civil engineering operations while the number of accidents in construction operations decreased.

We also monitor the number of workplace accidents with more than four days absence, excluding the day of injury (LTI4), and workplace accidents according to the same definition per one million hours worked (LTIF4) for our own employees. During the second quarter of the year the number of LTI4s was 29 (30 in the first quarter 2026) and the LTIF4 frequency rate calculated on a twelve month period was 5.9 (5.6 for the full year 2025).

We continue to work with a laser focus on preventing workplace accidents and achieving a steadfast downward trend in line with our zero vision.

Attractive employer (eNPS)

TARGET: eNPS always over benchmark

We should be the best workplace in the industry and thereby the obvious choice of employer. Twice a year we hold our personnel survey The Handshake so that co-workers and teams can continuously develop. It contains a question on employees’ willingness to recommend Peab as an employer (eNPS) where the target is that the eNPS score should be above the benchmark for the industry and manufacturing trade.

In the spring sur­vey the eNPS value was 33 (31) which continues to be well above the Nordic bench­mark that was 16 (17). The most apparent increase in the eNPS value was among female skilled work­ers. In the survey employees continue to value collaboration with co-workers and community while many note their appreciation of Peab’s core values and culture in the comments. Par­tic­i­pa­tion continued to be high at 89.8 percent (88.6). This shows the high interest our em­ploy­ees have in contributing to the de­vel­opment of our busi­ness.

Leader in social responsibility

Carbon dioxide intensity

TARGET 2030:
Scope 1+2: -60% carbon di­ox­ide in­ten­si­ty (own production)
Scope 3: -50% carbon di­ox­ide in­ten­si­ty (input goods and purchased services)

Peab’s operations generate greenhouse gas emissions primarily by using various materials in production like concrete, steel and asphalt. Two other major sources of carbon emissions in production are energy consumption and transportation. As community builders we also have a comprehensive perspective on our climate work and strive to contribute to a sustainable society on the whole by building, for example, solar power plants and railroads or by building in such a way that people can live more sustainably.

In 2045 Peab will be climate neutral. Our sub-targets by 2030, with 2015 as the base year, are to reduce carbon dioxide intensity by at least 60 percent in our own operations (Scope 1 and 2) and for input goods and purchased services (Scope 3 upstreams) by at least 50 percent.

The outcome for 2025 shows that carbon dioxide intensity in our own operations, pertaining to fuel and energy, has gone down by 58 percent since 2015. The transition to green energy is a positive factor while the change in Sweden of the reduction obligation has a counterproductive effect.

Carbon dioxide intensity for input goods and purchased services comprises concrete, cement, asphalt/bitumen, steel, waste, transportation and machine services and business trips. At the end of 2025 carbon dioxide intensity was down by seven percent since 2015. The outcome for the whole year was impacted by items affecting comparability that mainly refer to the much higher emission factor for bitumen, and that as of 2025 the target monitoring includes more input goods such as the binder for fundament reinforcement. An increase in the volume of bitumen purchased also impacted the outcome. Peab has a tight dialogue with suppliers, customers and other partners to reduce our carbon footprint in Scope 3.

We work actively to increase the scope and quality of our metrics of greenhouse gases emissions, which is apparent in the data reported for 2025.

Equal opportunity recruitment

TARGET: Equal opportunity recruitment, skilled workers and white-collar workers
The portion of women recruited to jobs close to production should always be higher than the education market 

Peab wants to take advantage of all the competence society has to offer and contribute to nudging the entire industry forward. Our target is that the portion of women recruited to Peab for our core skills should always be higher than the portion of women who have graduated with, for us, relevant degrees on the education markets. We are focused on core skills in production (skilled workers) and in production management and production support (white-collar workers).

At the end of 2025 the portion of women in new recruitments was 13.7 (10.6) percent in production and processing. The target for 2025 was at least 8.0 percent. The portion for new recruitment in production management and production support rose to 43.8 (39.1) percent compared to our target of at least 30.0 percent.

Activities during the second quarter

  • Operations in Finland joined the initiative of the Finnish Minister of Climate and the Environment “Circular Economy Green Deal” to strengthen work on the circular economy in projects, production and material use in the construction industry. Through this commitment Peab will systematically develop procedures for reusing material, high value recycling and in general, make material flows more efficient based on a life cycle perspective.
  • In collaboration with Lahti City and Lappeenranta-Lahti University of Technology LUT Peab tested a new asphalt solution with recycled asphalt produced through a lower temperature method and fossil free fuel where bio-based lignin partially replaces bitumen. The tests showed a potential carbon footprint reduction by more than 90 percent.
  • Peab’s R&D department concluded a study that shows how crushed concrete has an unused potential to capture carbon dioxide. Demolishing buildings and facilities creates huge amounts of crushed concrete. If the concrete is allowed to remain onsite for awhile instead of transporting it away directly, it can recapture part of the carbon emissions generated in production through a so-called carbonization process. The project will now be followed up and focus on measuring and verifying. The study has been nominated for “The Innovation of the Year” by The Development Fund of the Swedish Construction Industry, SBUF.
  • The result from a joint research project led by Swerock proves that concrete with reduced climate impact has very low emissions and does not affect indoor environments. This result strengthens Peab’s work on developing and using more sustainable material in projects. The project was financed by SBUF and comprised literature studies, analyses of cases of damages and laboratory metrics.
  • Peab published an investor report for its outstanding green bonds. The report describes the projects the bonds have financed and the impact they have had.
  • The Construction Year, Peab’s trainee program for women, finished its third year in operation and all the trainees continued to be employed by Peab. A fourth round will begin in the autumn with over 20 new trainees after a record number of applicants to the program.
  • Some 70 students graduated in the spring from The Peab School’s three high schools. The Peab School has been operating for 20 years and since the beginning 2006 more than 2,000 students have received an education there.
  • In line with Peab’s newly adopted inclusion strategy an inclusion council was created in each country with representatives from the business areas, trade unions and support functions. These work together with an overarching Nordic council to make advances in inclusion work.