Ab Skf

AB SKF, a machinery and equipment company headquartered in Sweden, has set ambitious climate commitments. For the reporting year 2025, the company reported a total of approximately 4.93 billion kg CO2e. This breaks down into approximately 51.2 million kg CO2e for Scope 1 emissions, and approximately 39.1 million kg CO2e for Scope 2 market-based emissions. Scope 3 emissions were substantial, totalling approximately 4.84 billion kg CO2e, with purchased goods and services (approximately 2.74 billion kg CO2e) and the use of sold products (approximately 1.80 billion kg CO2e) being the largest contributors.

SKF is committed to decarbonising its operations with a goal of achieving net-zero greenhouse gas emissions across its value chain by 2050, based on a 2019 baseline. Near-term targets include a commitment to reduce absolute Scope 1 and Scope 2 GHG emissions by 95% by 2030 compared to the 2019 baseline. This commitment has been verified by the Science Based Targets initiative (SBTi). Additionally, SKF aims for a 31% absolute reduction in Scope 3 emissions from purchased goods and services, upstream transportation and distribution, and the use of sold products by 2030. For the longer term, the company commits to maintaining at least a 95% absolute reduction in Scope 1 and 2 emissions from 2030 through 2050, and a 90% absolute reduction in specific Scope 3 categories by 2050.