Ab Skf
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 78 is higher than 88% 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 Scope 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, also by 2030. The company has also committed to a 40% reduction in CO2 emissions per tonne of sold products by 2025, relative to 2015 levels. These targets align with the Science Based Targets initiative (SBTi) and reflect AB SKF's commitment to sustainable practices and climate responsibility.
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| 2015 | 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 |
| 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 |
| Scope 3 | 3,584,000 | - | - | 0,000,000,000 | 000,000,000 | 0,000,000 | - | - | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ab Skf is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
