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 86 is higher than 100% 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 2023, AB SKF reported total carbon emissions of approximately 3,177,767,000 kg CO2e, with emissions distributed across various scopes: 45,853,000 kg CO2e (Scope 1), 204,024,000 kg CO2e (Scope 2), and 1,614,721,000 kg CO2e (Scope 3). The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, using 2019 as the base year. For near-term targets, AB SKF has committed to a 95% reduction in absolute Scope 1 and Scope 2 emissions by 2030, alongside a 31% reduction in Scope 3 emissions, which include purchased goods and services, upstream transportation, and the use of sold products. Long-term, the company aims to maintain at least a 95% reduction in Scope 1 and 2 emissions from 2030 through 2050, and a 90% reduction in Scope 3 emissions by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect AB SKF's commitment to sustainable practices within the electrical equipment and machinery sector, headquartered in Sweden.
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| 2007 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 9,700,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 40,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 3 | 20,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 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.
