Morgan Sindall targets net-zero emissions by 2030 edie.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from edie.net Daily Mail and Mail on Sunday newspapers.
Skanska’s group revenue dropped by a tenth to SEK 158.6bn (£13.7bn) following coronavirus disruptions.
In its results for the year to 31 December 2020, the company blamed the drop from SEK 176.8bn (£15.3bn) on COVID-19 disruptions, particularly in Europe and the USA, and on clients deciding to “postpone ramp-up of new projects”. Skanska also bid more selectively in the year with the aim of achieving a higher profit, its management said, which also contributed to the fall in revenue.
The group’s profit rose to SEK 9.3bn (£805m) from SEK 6.4bn (£554m) the previous year. The company attributed this to acting “quickly and decisively” when the pandemic hit and “strong gains” from its commercial property development division during the year. The profit improved after the group’s UK business had been hit the previous year by goodwill impairment charges totalling £29.8m for its infrastructure services business.
In the past two years, most of the UK’s largest construction firms have unveiled targets for cutting carbon emissions. However, with a distinct lack of standards, they can be tough to compare.
Zak Garner-Purkis investigates
In 2014, Interserve set itself a “big, hairy, audacious goal” – or BHAG, as ex-finance director Tim Haywood liked to call it.
The BHAG would see the contractor halve its carbon emissions by 2020 and, to achieve it, Haywood would do something unprecedented: as well as being Interserve finance director, he would also act as its head of sustainability.
The problem for Interserve was that its big, hairy, audacious goal was just that – too ambitious.
Skanska to build new office building in London, UK, for GBP 180M, about SEK 2 billion
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ÖSTERSUND, Sweden, Dec. 22, 2020 /PRNewswire/
Skanska has signed a contract with British Land PLC to build Blossom Street, London. The contract is worth GBP 180M, about SEK 2 billion, which will be included in the order bookings for Europe in the fourth quarter of 2020.
Skanska will construct about 46,300 square meters of commercial, retail, public realm and residential units, as well as install the mechanical, electrical and public health services for the development.
The building is targeting environmental standards to achieve BREEAM excellent.
Skanska redundancies revealed constructionnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionnews.co.uk Daily Mail and Mail on Sunday newspapers.