What are Mission Vision & Core Values of Skanska Company?

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What are the Mission, Vision, and Core Values of Skanska?

Mission and vision statements are foundational for any successful enterprise, guiding decisions and fostering corporate identity. For a global project development and construction group like Skanska, these statements are crucial given its expansive operations across various markets. They are not merely declarations but serve as the bedrock for navigating complex projects and fostering innovation.

With over 135 years in operation, Skanska is a leading construction and project development company, reporting a global revenue of $16.8 billion in 2024. Its mission, vision, and core values shape its corporate identity and ensure long-term value creation. For a deeper analysis of its strategic position, consider the Skanska BCG Matrix.

The Skanska company mission focuses on delivering innovative and sustainable solutions for its people, customers, and communities. This commitment is underpinned by a strong emphasis on Safety, Ethics, Green initiatives, Community Investment, and Diversity and Inclusion. These elements are integral to Skanska's core business and influence its surroundings, reflecting a dedication to positive societal impact.

Sustainable Solutions

Skanska provides innovative and sustainable solutions, aiming for net-zero carbon emissions by 2045.

Safety and Ethics

A core value, safety is paramount, ensuring secure environments for all stakeholders.

Green Initiatives

The company has reduced Scope 1 and 2 emissions by 61% since 2015.

Community Investment

Skanska actively contributes to community development and well-being.

Diversity and Inclusion

Fostering an inclusive environment is central to Skanska's corporate culture.

Customer-Centric Approach

Working with customers to co-create value and positive societal contributions.

Skanska's mission statement clearly targets its people, customers, and communities, emphasizing the delivery of innovative and sustainable solutions. The core offerings span a wide range of projects, from buildings and infrastructure to homes and commercial properties, all framed within a commitment to sustainability and positive societal impact. A key value proposition lies in its holistic approach, integrating safety, ethics, environmental responsibility (Green), community investment, and diversity and inclusion into its operations. For instance, Skanska's commitment to 'Green' is evident in its goal to achieve net-zero carbon emissions by 2045, having already reduced Scope 1 and 2 emissions by 61% since 2015 and Scope 3 emissions by 37% since 2020. This mission is highly customer-centric and innovation-focused, aiming to co-create value by influencing customers and contributing to society. A concrete example is the Portland International Airport redevelopment, which opened its first phase in 2024, featuring a 36,400 square meter mass timber roof and extensive use of natural elements, reflecting Skanska's dedication to sustainable and pleasing user experiences. For more details on the Skanska company mission, vision, and values, explore this article on Mission, Vision & Core Values of Skanska.

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This vision is distinctly future-oriented and aspirational, setting clear, measurable targets for operational excellence and integrity. Its scope is comprehensive, aiming for perfection across critical areas of business performance, safety, environmental stewardship, and ethical conduct. This 'five zeros' vision appears realistic yet highly ambitious, pushing for continuous improvement in an industry prone to challenges.

Zero Loss-Making Projects

A core aspect of the Skanska vision is to eliminate financial losses on projects, ensuring sustainable profitability and efficient resource management.

Zero Work Site Accidents

Safety is paramount, with a commitment to achieving zero accidents on all construction sites, protecting employees and stakeholders.

Zero Environmental Incidents

Skanska aims to prevent all environmental harm, promoting sustainable construction practices and minimizing ecological footprints.

Zero Ethical Breaches

Maintaining the highest standards of integrity, the company strives for zero ethical violations in all business operations.

Zero Defects

A commitment to delivering flawless projects, ensuring high-quality outcomes and client satisfaction.

Sustainable Future

Skanska's vision for sustainable construction includes building for a better society, creating innovative solutions for future generations.

The aspiration for 'zero work site accidents' is particularly impactful in the construction sector, where safety is paramount. The company also articulates a broader Skanska vision statement, stating, 'We see a world where sustainability is simply built into living. Together with our partners, we are building for a better society, creating innovative and sustainable solutions that support living beyond our lifetime.' This long-term outlook aligns with the company's current trajectory, as evidenced by its strong focus on green construction and sustainable development highlighted in its 2024 and 2025 reports, including projects like the Jamaica Bus Depot designed to support New York's transition to electric buses. For more details on their operational strategies, consider reading about the Revenue Streams & Business Model of Skanska.

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Skanska's core values are fundamental to its operational framework, guiding its strategic decisions and daily activities. These principles define the company's approach to business, emphasizing integrity, collaboration, and a strong commitment to its stakeholders.

The company's four core values are Care for Life, Act Ethically & Transparently, Be Better – Together, and Commit to Customers. These values collectively shape Skanska's corporate culture and its pursuit of building a better society.

Care for Life

This value reflects Skanska's dedication to the health and safety of people and the planet. It includes rigorous safety protocols and a commitment to achieving net-zero carbon emissions by 2045, with Scope 1 and 2 carbon emissions 61% lower than the 2015 benchmark as of 2024.

Act Ethically & Transparently

This core value emphasizes individual responsibility, integrity, and transparency in all business practices. It fosters a culture where employees adhere to a strict Code of Conduct and lead by example, promoting trust with clients and partners.

Be Better – Together

This value highlights the importance of collaboration, continuous learning, and inclusivity within Skanska. In 2024, 86% of employees agreed that different points of view are encouraged, fostering an environment where collective expertise enhances project outcomes.

Commit to Customers

This value places the customer at the forefront, driving Skanska to understand and meet client needs with tailored, innovative, and sustainable solutions. This commitment ensures strong client relationships and projects that align with evolving market demands.

These Skanska core values and principles are integral to its operational success and corporate culture. To understand how these values influence the company's strategic decisions, explore the Growth Strategy of Skanska in the next chapter.

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A company's mission and vision statements are foundational, dictating its strategic direction and influencing every decision made. These guiding principles ensure that actions align with the overarching purpose and future aspirations.

Skanska's Mission, Vision, and Core Values

Skanska's mission is to build for a better society, and its vision is to achieve five zeros: zero loss of life, zero customers dissatisfaction, zero accidents, zero defects, and zero environmental impact. These statements are central to the company's strategic decision-making.

• Mission: Building for a better society.
• Vision: Zero loss of life, zero customers dissatisfaction, zero accidents, zero defects, zero environmental impact.
• Core Values: Care for life, respect for individuals, ethical behavior, excellence, and commitment.
• These principles guide Skanska's approach to business, influencing project selection, operational practices, and stakeholder engagement.

Strategic Influence of Mission and Vision

Skanska's mission and vision directly shape its strategic decisions, prioritizing sustainability and digitalization. This focus is evident in investments in advanced technologies and environmentally conscious projects, aligning with the goal of creating sustainable solutions for communities.

Digitalization and Sustainability in Practice

The company actively implements Building Information Modeling (BIM) and automation to enhance project predictability and reduce waste, demonstrating a commitment to its vision of zero defects and zero environmental impact.

Project Examples

The Jamaica Bus Depot project in New York, valued at $480 million, supports electric bus transitions and aims for LEED certification. The SEK 1 billion Malmö Multi-Sports Facility, starting construction in August 2025, integrates sport, sustainability, and community development.

Financial Performance Alignment

Skanska's Construction segment reported a 3.9% operating margin in Q2 2025, an increase from 3.5% in 2024, reflecting effective execution driven by strategic priorities. Q1 2025 revenue rose 15% to SEK 42.3 billion, with operating income up 115% to SEK 1.1 billion.

Core Values in Action

The company's core values, such as ethical behavior and excellence, are embedded in its operations, influencing its approach to business ethics and corporate culture, and are a key consideration for understanding the Target Market of Skanska.

Commitment to Stakeholders

Skanska's mission to build for a better society underscores its commitment to social responsibility and customer focus, ensuring that its development strategies benefit all stakeholders.

Skanska's mission and vision are integral to its strategic decisions, driving innovation and sustainability. Explore core improvements to company mission and vision in the next chapter.

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Skanska's mission and vision statements are foundational to its operations, guiding its strategic direction and corporate culture. Enhancements could focus on greater global emphasis and explicit articulation of societal impact.

Further refining Skanska's mission and vision can amplify its strategic clarity and market resonance.

Global Scope Integration in Mission Statement

Skanska's mission could more prominently feature its global reach, especially considering its substantial $16.8 billion global revenue in 2024, to better reflect its extensive market presence.

Explicit Societal Impact in Vision

While 'the five zeros' is a strong internal goal, a public-facing vision could more explicitly articulate Skanska's ultimate positive contribution to society and global progress.

Technological Advancement in Vision Alignment

Integrating how Skanska leverages emerging technologies like AI and robotics into its vision can better position it for future industry shifts and address challenges like labor shortages.

Connecting Solutions to Global Challenges

The mission statement could more directly link its 'innovative and sustainable solutions' to addressing specific global issues, such as climate resilience, to enhance its aspirational appeal.

The core values of Skanska are deeply embedded in its operations, fostering a culture of integrity, customer focus, and commitment to sustainability. These principles guide the company's approach to business ethics and its interactions with stakeholders. Understanding the Brief History of Skanska provides context for how these values have shaped its long-standing reputation.

Skanska's mission statement is to 'develop and construct sustainable solutions for society.' This purpose statement underscores its commitment to creating value beyond just building structures, focusing on the long-term impact on communities and the environment. The company's vision is centered around achieving 'zero accidents, zero inefficiencies, zero environmental impact, zero defects, and zero tolerance for unethical behavior.' This ambitious vision drives its pursuit of operational excellence and responsible business practices.

The core values of Skanska are often articulated as:

• Customer Focus: Understanding and meeting customer needs.
• Innovation: Seeking new and better ways of working.
• Teamwork: Collaborating effectively to achieve common goals.
• Commitment: Delivering on promises and striving for excellence.
• Respect: Valuing individuals and diversity.

The Skanska company mission and strategy are closely aligned with its vision for sustainable construction. The company actively seeks opportunities to implement innovative building techniques and materials that reduce environmental impact. Skanska's vision for future development includes a strong emphasis on digitalization and smart technologies to enhance efficiency and safety across its projects.

In practice, Skanska's core values and leadership are demonstrated through its commitment to safety, evidenced by its pursuit of zero accidents. Its customer focus is reflected in its efforts to build strong, lasting relationships with clients. The company's dedication to social responsibility is a key aspect of its mission statement for employees and stakeholders alike, ensuring that its operations contribute positively to society.

Skanska's vision statement impact is significant, as it sets a high standard for the entire construction industry. The company's commitment to innovation in building is evident in its research and development efforts, aiming to create more resilient and environmentally friendly structures. This forward-thinking approach, coupled with its strong core values and customer focus, positions Skanska as a leader in sustainable development.