Company Directory - Skanska AB
Company Details - Skanska AB
Skanska AB
WebsiteStockholm, Sweden
ISIN: SE0000102721
Skanska AB is a multinational construction and development company based in Sweden. The company is involved in construction, project development, and infrastructure projects, operating globally across commercial, residential, and public sectors.
CCI Score
CCI Score: Skanska AB
28.94
-0.12%
Latest Event
Sustainable Supply Chain Initiative
Skanska AB outlined a new sustainable supply chain strategy on March 17, 2025, emphasizing robust due diligence practices, third-party audits, and a commitment to safe and fair working conditions. The initiative includes setting a Sustainable Supply Chain Guideline and strict policies against human trafficking and forced or child labor.
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DISSENTER
Skanska AB is currently rated as a Dissenter.
Latest Events
- MAR172025
Skanska AB outlined a new sustainable supply chain strategy on March 17, 2025, emphasizing robust due diligence practices, third-party audits, and a commitment to safe and fair working conditions. The initiative includes setting a Sustainable Supply Chain Guideline and strict policies against human trafficking and forced or child labor.
+90
Labor Relations and Human Rights Practices
March 17
Skanska's explicit commitment to demanding safe and fair working conditions, and its zero tolerance for human trafficking, forced or child labor reinforces labor rights and supports marginalized workers. This proactive measure aligns with anti-fascist principles supporting ethical labor practices.
+85
Supply Chain Ethics
March 17
By instituting a Sustainable Supply Chain Guideline and strengthening its due diligence process via third-party audits, Skanska demonstrates a commitment to ethical sourcing and supply chain transparency. This initiative mitigates risks of complicity in labor abuses that are often associated with exploitative practices.
- MAR172025
Skanska has published a comprehensive Code of Conduct that emphasizes ethical business practices, transparency, anti-corruption measures, and inclusion, with mandatory training for all employees to uphold these standards.
+75
Business Practices and Ethical Responsibility
March 28
Skanska’s Code of Conduct demonstrates a commitment to ethical behavior by instituting rigorous standards on transparency, anti-corruption, and inclusion. By mandating training for all employees, the company fosters a workplace culture that is resistant to exploitative practices and aligns with progressive, anti-authoritarian principles. This proactive policy supports fair business practices and corporate responsibility.
- JAN142025
Skanska published its Code of Conduct outlining its commitment to ethical business practices through robust internal training programs and by mandating that its supplier base adhere to these same standards, ensuring integrity throughout its operations.
+70
Business Practices and Ethical Responsibility
March 28
The Code of Conduct emphasizes Skanska's commitment to ethical business practices, transparency, and employee training, reinforcing strong corporate governance and sustainable practices which support anti-authoritarian values.
+80
Supply Chain Ethics
March 28
The Code explicitly requires that its ethical standards be embedded throughout its supply chain. This proactive measure minimizes the risk of unethical practices among suppliers and supports robust supply chain ethics, aligning with anti-fascist values of accountability and social justice.
- OCT142024
Skanska, in collaboration with UK anti-slavery charity Unseen and other major construction firms, launched a campaign including a short film to raise awareness of modern slavery on UK construction sites ahead of Anti-Slavery Day.
+80
Labor Relations and Human Rights Practices
March 28
The campaign against modern slavery shows a robust commitment to protecting worker rights and challenging labor exploitation in the construction sector. By partnering with anti-slavery charity Unseen, Skanska is actively addressing human rights abuses within labor practices.
Skanska joins forces with industry partners to campaign against modern slavery
+70
Supply Chain Ethics
March 28
The initiative includes an effort to educate and enhance transparency within the supply chain regarding modern slavery risks. This approach promotes ethical procurement practices and supports broader efforts to secure labor rights in complex construction sector supply chains.
Skanska joins forces with industry partners to campaign against modern slavery
- JUL012024
LobbyFacts data records a meeting involving Skanska AB with high-level EU Commission officials on 1 July 2024. The record also notes duplicate entries due to post-listing data adjustments by the Commission, highlighting the company's active engagement in the EU political arena.
-20
Executive Political Engagement
March 28
The documented meeting with EU Commission officials underscores Skanska AB's direct engagement in high-level political processes. While engaging with democratic institutions is not inherently nefarious, such activities can serve as a channel for corporate influence over policy, which may contribute to regulatory capture. From an anti-authoritarian perspective, this active political engagement is concerning as it potentially undermines transparency and democratic accountability.
- JUN062024
Skanska UK has updated its modern slavery and human trafficking policy, detailing comprehensive measures including mandatory staff training, rigorous supplier due diligence, and regular audits to ensure that forced labor and human trafficking are eradicated from its operations and supply chains. The policy, updated on 06/06/2024, reinforces adherence to international human rights standards and ethical labor practices.
+90
Labor Relations and Human Rights Practices
March 28
The policy demonstrates a strong commitment to labor rights by enforcing transparent recruitment, compulsory anti-slavery training for all employees, and clear consequences for breaches. This proactive approach mitigates risks of modern slavery and supports marginalized workers.
+85
Supply Chain Ethics
March 28
The policy sets out detailed processes for conducting due diligence on suppliers and third-party audits to prevent labor exploitation, indicating a strong adherence to ethical supply chain practices.
- JAN012024
According to OpenSecrets, Skanska AB made political contributions totaling $100,796 during the 2024 cycle, with no reported lobbying or outside spending. This disclosure raises questions about the role of corporate contributions in influencing political processes.
-10
Political Contributions and Lobbying Efforts
March 28
Skanska AB's political contributions, while moderate in amount, still represent corporate engagement in political financing. Although the company reported no lobbying activities— which is a relatively positive sign—the act of contributing funds to political campaigns remains a concern from an anti-fascist perspective, as it could potentially be used to shape policy in ways that undermine democratic accountability.
- JAN012024Skanska AB Lobbying Profile
-21.70
OpenSecrets' profile on Skanska AB details its historical lobbying activities since 1998 and notes that the company has not reported lobbying on specific bills in 2024. This reflects the company's longstanding engagement in political influence through lobbying, which raises concerns about corporate efforts to sway public policy in favor of business interests.
-25
Political Contributions and Lobbying Efforts
March 28
The profile highlights Skanska AB's historical lobbying practices, a tool frequently used by corporations to influence legislation and regulatory measures. Although there is no reported lobbying on specific bills in 2024, the sustained engagement over the years raises concerns about the company's political influence, which is viewed negatively from an anti-authoritarian, progressive perspective.
- OCT052023
Skanska AB Executive Vice President Mats Williamson addressed the Swedish Parliament, advocating for the use of public-private partnerships (PPPs) as a method to deliver major infrastructure projects more efficiently and sustainably. He highlighted the benefits of innovative, long‐term solutions over traditional low-cost procurement models, suggesting that a shift in project delivery could lead to improved public value.
+60
Executive Political Engagement
March 28
The executive's public engagement before a democratic institution to advocate for improved, sustainable infrastructure procurement demonstrates positive involvement in public and political behavior. This initiative supports innovation and long-term benefits for society by encouraging more effective public project delivery, reflecting a commitment to democratic processes and public accountability.
- JUL012023
Skanska actively participated in the Almedalen week on Gotland, where it hosted 10 seminars and appeared in 50 panels to discuss progressive issues such as enhancing construction industry standards and integrating social aspects into public procurement, thereby engaging with political leaders and public sector officials.
+50
Executive Political Engagement
March 28
Skanska's active and open engagement in the Almedalen forum—marked by hosting seminars and participating in a wide array of panels—demonstrates a commitment to participating in public discourse and advocating for progressive reforms in industry standards and public procurement. This form of executive political engagement contributes positively by fostering dialogue among political and public sector leaders to address societal challenges.
Skanska in Sweden meets public clients at gigantic political summer event
- JAN012023
Skanska issued a detailed response to an AFL-CIO report that alleged nonpayment of wages and anti-union subcontracting practices on a Nashville hotel project. In its response, the company clarified that the incident was isolated and attributable to the actions of lower-tier subcontractors. Skanska also emphasized its practice of soliciting competitive bids from both union and nonunion subcontractors, noting that it routinely awards contracts to unionized firms when they are the lowest responsible bidders. The response highlights both the corrective measures taken and a reliance on subcontractor performance for labor standards.
+20
Labor Relations and Human Rights Practices
March 28
The company's response addresses serious allegations regarding wage nonpayment and claims of favoring nonunion subcontractors by asserting that the incident was isolated and beyond its direct control. Its actions in resolving lien claims and highlighting its practice of awarding contracts to unionized firms when competitive demonstrate a commitment to labor rights, albeit with a deflection of full responsibility in its supply chain. This measured response is viewed as a modest positive step for labor relations.
Response by Skanska - Business & Human Rights Resource Centre
- SEP302021
A joint venture project involving Skanska was involved in union busting tactics that restricted union access, contributing to a series of serious accidents and safety shutdowns on the HS2 project in London. The refusal to allow union safety representatives has been linked to compromised worker safety on site.
-80
Labor Relations and Human Rights Practices
March 28
The article details that the Costain/Skanska/Strabag joint venture employed union busting tactics by preventing union safety reps from communicating with workers, which is directly linked to a number of serious accidents and safety shutdowns on the HS2 project. Such practices undermine labor rights and worker safety, reflecting negatively on the company’s commitment to ethical labor relations.
- JAN012013
According to data from OpenSecrets, Skanska AB spent $20,000 on lobbying activities in 2013. This expenditure is interpreted as a corporate effort to influence public policy in ways that may prioritize corporate interests over those of workers and marginalized communities.
-30
Political Contributions and Lobbying Efforts
March 28
The lobbying expenditure, while modest in absolute terms, reflects a broader pattern of corporate political engagement that can contribute to undue influence over democratic processes and policy-making. From an anti-fascist perspective, such activities are concerning as they often support policies that favor corporate power and potentially undermine workers' rights and social equality.
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