Ab Skf

Ab Skf's reported carbon emissions

AB SKF, headquartered in SE and operating within the Machinery and equipment n.e.c. (29) industry, reported total global greenhouse gas emissions of approximately 4.93 billion kg CO2e for the year 2025. The company has set ambitious climate commitments: * **Net-Zero by 2050:** SKF aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050, using 2019 as a base year. * **Near-Term Scope 1 & 2 Reduction:** SKF is committed to reducing its absolute Scope 1 and Scope 2 emissions by at least 95% by 2030, compared to the 2019 baseline. This target has been verified by the Science Based Targets initiative (SBTi). * **Near-Term Scope 3 Reduction:** For Scope 3 emissions, SKF aims for a 31% absolute reduction by 2030, relative to the 2019 baseline. This reduction specifically targets emissions from purchased goods and services, upstream transportation and distribution, and the use of sold products. * **Long-Term Scope 3 Reduction:** Looking further ahead, SKF plans to achieve a 90% absolute reduction in Scope 3 emissions by 2050, covering purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, and end-of-life treatment of sold products, from a 2019 base year. In terms of reported emissions data: * For 2025, Scope 1 emissions were approximately 51.2 million kg CO2e, and Scope 2 (market-based) emissions were approximately 39.1 million kg CO2e. Scope 3 emissions for 2025 were substantial, with purchased goods and services accounting for approximately 2.74 billion kg CO2e and the use of sold products contributing approximately 1.80 billion kg CO2e. * In 2024, Scope 1 emissions were approximately 8.2 million kg CO2e (combining fugitive and stationary combustion), and Scope 2 (market-based) emissions were approximately 7.7 million kg CO2e. Scope 3 data was not fully disclosed for this year. * For 2023, Scope 1 emissions were approximately 8.7 million kg CO2e, and Scope 2 (market-based) emissions were approximately 8.0 million kg CO2e. Scope 3 data was not fully disclosed for this year. * In 2022, Scope 1 emissions were approximately 47.6 million kg CO2e (stationary combustion), and Scope 2 (market-based) emissions were approximately 240 million kg CO2e. Scope 3 emissions included approximately 6.4 million kg CO2e from business travel. * For 2021, Scope 1 emissions were approximately 55.9 million kg CO2e, and Scope 2 (market-based) emissions were approximately 312 million kg CO2e. Scope 3 emissions included approximately 3.99 million kg CO2e from business travel and 227 million kg CO2e from upstream transportation and distribution. * In 2020, Scope 1 emissions were approximately 49.8 million kg CO2e, Scope 2 (market-based) emissions were approximately 330 million kg CO2e, and total Scope 3 emissions were approximately 144 million kg CO2e. * For 2019, the total emissions were approximately 5.15 billion kg CO2e. Scope 1 emissions were approximately 64.6 million kg CO2e, and Scope 2 (market-based) emissions were approximately 361 million kg CO2e. Significant Scope 3 categories included purchased goods and services (approximately 3.30 billion kg CO2e) and the use of sold products (approximately 1.01 billion kg CO2e).