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 89 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ab Skf's reported carbon emissions
In 2024, AB SKF reported total greenhouse gas emissions of approximately 3,177,767,000 kg CO2e globally, with Scope 1 emissions at about 45,853,000 kg CO2e and Scope 2 emissions at approximately 125,505,000 kg CO2e. In India, the company recorded Scope 1 emissions of about 2,176,000 kg CO2e and Scope 2 emissions of approximately 26,805,000 kg CO2e. AB SKF has set ambitious climate commitments, aiming for a 95% reduction in absolute Scope 1 and 2 emissions by 2030, using 2019 as the base year. This target is part of their broader goal to achieve net-zero greenhouse gas emissions across the value chain by 2050. Additionally, the company aims for a 31% reduction in absolute Scope 3 emissions, which include emissions from purchased goods and services, upstream transportation, and the use of sold products, by 2030. The company has also committed to a 40% reduction in CO2 emissions per tonne of bearings sold by 2025, relative to 2015 levels. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect AB SKF's commitment to sustainable practices and climate responsibility.
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| 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 | 155,611,000 | 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.
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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