Ab Skf Sustainability Profile
Ab SKF, commonly known as SKF, is a leading global supplier of bearings, seals, and lubrication systems, headquartered in Gothenburg, Sweden. Founded in 1907, SKF has established itself as a pioneer in the engineering industry, with a strong presence in Europe, North America, and Asia. The company is renowned for its innovative solutions in rotating equipment performance, offering a diverse range of products that enhance reliability and efficiency. With a commitment to sustainability and advanced technology, SKF has achieved significant milestones, including the development of smart bearings and predictive maintenance solutions. As a market leader, SKF is recognised for its extensive expertise and high-quality offerings, making it a trusted partner across various sectors, including automotive, aerospace, and industrial machinery.
DitchCarbon Score
How does Ab Skf's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ab Skf's score of 97 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Ab Skf's reported carbon emissions
In 2024, AB SKF reported total carbon emissions of approximately 3.2 billion kg CO2e, comprising 45,853,000 kg CO2e from Scope 1, 125,505,000 kg CO2e from Scope 2, and 167,448,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for a 95% reduction in absolute Scope 1 and Scope 2 emissions by 2030, using 2019 as the base year. Additionally, AB SKF targets a 31% reduction in Scope 3 emissions within the same timeframe. The company is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. This long-term goal includes a 90% reduction in Scope 3 emissions by 2050, also based on 2019 levels. AB SKF's initiatives are aligned with the Science Based Targets initiative (SBTi), ensuring that their targets are consistent with the global effort to limit warming to 1.5°C. Overall, AB SKF's proactive approach to reducing carbon emissions reflects its commitment to sustainability and climate responsibility, with significant milestones set for the near and long term.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2006 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 000,000,000 | 00,000,000 | - | - | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Ab Skf's Industry?
How Carbon Intensive is Ab Skf's Location?
Ab Skf's Scope 3 Categories Breakdown
Ab Skf's Scope 3 emissions, which increased by 2% last year and increased by approximately 8% since 2015, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 49% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 842% of Scope 3 emissions.
Top Scope 3 Categories
Ab Skf's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ab Skf has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Ab Skf's sustainability data and climate commitments