Daily Newsletter

24 August 2023

Daily Newsletter

24 August 2023

Skanska signs contract to build care home in Bergen

The building will be constructed in accordance with the UN's Paris Agreement and will incorporate recycled materials.

August 23 2023

Nordic builder Skanska has been contracted to construct the new Midtbygda care home in Bergen, Norway.

The value of this contract has been estimated at Nkr548m.

The contract will be registered in the 'Nordic' segment of Skanska's order book for this year's third quarter.

Spanning an area of approximately 14,000m², the short-term care home will feature 100 lodging apartments for older residents.

It will also feature a range of public spaces, a day activity centre, rehabilitation and training facilities, a restaurant, and an underground parking garage.

With the project's high sustainability ambitions, construction will involve the use of climate-friendly materials and energy-efficient techniques so that it is in accordance with the UN's Paris Agreement.

The construction site is set to be emission-free and will see the use of recycled and reused materials.

Skanksa also aims to minimise emissions by 85% through the installation of electric construction machinery, hoping that the building will be ‘Paris Proof’ as a result.

The property's plan includes proposals for reusing a considerable amount of components from a previously destroyed structure for use in the development. The goal is to obtain the BREEAM NOR Excellent certification for the building.

Construction is scheduled to commence this October and is expected to be completed in October 2026.   

Earlier in July, Skanska was hired to renovate the Clayton University Center in Bethlehem, Pennsylvania, US.

ESG 2.0 will be less forgiving of poor ESG performers, especially on environmental issues

While ESG 1.0 was driven by voluntary corporate action, ESG 2.0 is being driven by a new wave of government policies. A host of new environmental laws are in the pipeline, relating to mandatory reporting, carbon pricing, and carbon import tariffs, as well as more state support and investment in clean energy technologies. Companies unprepared for ESG 2.0 face higher costs and lost sales.

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