Non-financial targets and sustainability

Peab’s operations improve everyday life where people live their lives. 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 targets regarding operating margin, net debt/equity ratio 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 always 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 last 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 and quarterly monitor our target of a contracting trend in serious accidents.

The number of serious accidents increased after the third quarter of the year to 66 for the latest twelve-month period, compared to 49 for the full year 2025. During the third quarter 2026 there were 17 serious accidents, of which 13 involved our own employees and four concerned employees of subcontractors. Deviations are not equally spread out within Peab but they are largely concentrated to certain units where particular measures are underway.

At the same time the number of workplace accidents leading to more than four days absence, excluding the day of injury (LTI4), contracted. For our own employees the number of LTI4 was 22 compared to 29 in the second quarter 2026. Workplace accidents per one million hours worked, LTIF4, calculated on a twelve-month period contracted to 5.6 from 5.9 after the third quarter 2026. This entails that accidents leading to absence have gone down while serious accidents have gone up.

We are working intensely on turning the negative trend in workplace accidents around, 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. It contains a question about employees’ willingness to recommend Peab as an employer (eNPS) and our target is for the eNPS score to 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 then 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), demonstrating how much our em­ploy­ees are interested in contributing to de­vel­oping 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.

By 2045 Peab will be climate neutral. Our sub-targets up to 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 upstream) 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 works closely together 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 regarding equal opportunity. 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 third quarter

  • Peab’s subsidiary Swecem upgraded the facility for production of Merit in Oxelösund with the support of the Swedish Environmental Protection Agency’s project the Climate Leap. The investment comprised improvements in managing raw material, intake and dosing as well as upgrading the existing milling plant. Production capacity has increased by 50 percent which corresponds to an annual reduction of emissions by more than 55,000 tons CO₂e.
  • The Peab Group carried out its annual work environment week with activities pertaining to the theme safe and secure work environments. The aim of the theme was to raise knowledge about how we can work in a structured manner with safe behaviors and increase awareness about how actions impact security, well-being and the work environment.
  • Peab participated in several conversations about some of the most crucial social matters of the future during Frihamn Days in Gothenburg. These covered everything from the future labor market to sustainable urban development.
  • The third round of the Construction Year, Peab’s apprenticeship program for women, ended. Apprentices in the program have now started on the qualification period required to get their professional qualification certificate. All the apprentices that completed the Construction Year were hired by Peab. A fourth round of the Construction Year has been launched.
  • This year’s trainee program of newly graduated engineers, 35 in total, was the largest number ever. Now they will put their theoretical knowledge into practice and gain experience in their future professions over the coming year.
  • Peab was one of the co-organizers of Finland’s biggest prao week in the construction industry. This year 50 youths visited several different construction companies and workplaces over the week to learn more about the opportunities and jobs the industry offers.
  • In Norway Peab became a partner in Kunskapsarenan, which is a national meeting place for reuse and circular material management in the construction industry. It is run by the Circular Resource Centre and gathers together actors from various sections of the industry to develop solutions, share experience and increase reuse of construction material.

Lövberga elderly care home

Stenungsund