Ab Skf

AB SKF, headquartered in Sweden and operating in the machinery and equipment sector, reported its total Scope 1, 2, and 3 emissions for 2025 as 4,933,834,000 kg CO2e. This figure includes Scope 1 emissions of 51,199,000 kg CO2e, Scope 2 market-based emissions of 39,055,000 kg CO2e, and a significant portion from Scope 3 emissions, which totalled 4,843,580,000 kg CO2e. Key contributors to Scope 3 emissions were purchased goods and services at 2,743,246,000 kg CO2e and use of sold products at 1,803,859,000 kg CO2e.

AB SKF has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050, using a 2019 base year. For near-term targets, AB SKF is committed to reducing absolute Scope 1 and Scope 2 GHG emissions by 95% by 2030 from a 2019 base year. Furthermore, the company pledges to reduce absolute Scope 3 emissions from purchased goods and services, upstream transportation and distribution, and use of sold products by 31% within the same timeframe. Long-term targets include maintaining at least a 95% absolute reduction of Scope 1 and 2 GHG emissions from 2030 through 2050, relative to a 2019 base year, and reducing absolute Scope 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, and use of sold products by 90% by 2050 from a 2019 base year.

Additional reduction targets include a 40% reduction in CO2e emissions from manufacturing per tonne of bearings sold by 2025, against a 2015 baseline, and a 35% reduction in transport-related greenhouse gas emissions by 2030, compared to 2019. The company also states an objective for manufacturing and other operations to become carbon neutral by 2030.