Climate objectives over the value chain
SKF’s climate strategy is focusing on CO2, which is concluded to be the most significant greenhouse gas produced as a result of our business activities.
The targets and activities are based on the life-cycle thinking - to reduce impact over the value chain, for SKF – and our business partners.
Climate objectives 2025
SKF own operations
– 40% CO2 emissions from manufacturing per tonne of sold products.
– 40% CO2 emissions from goods transportation per tonne of shipped products to end customers.
Raw material and components
Support SKF’s energy intensive suppliers to get certified according to ISO 50001
Products and solutions
Support our customers to reduce their CO2 emissions
Status year-end 2018
SKF's own operations-24% CO2 emissions per tonne sold bearings and units
Goods transportation-8% CO2 emissions per tonne
Suppliers ISO 5000176% certified Major energy intensive suppliers certified at year end 2018
Customer solutions4.1 billion SEK Support customer in reducing CO2 emissions by SKFs' products and services
In our own manufacturing, since 2006, we increased our business (net sales) by 40% and at the same time reduced absolute energy demand energy. But we need to do more.
But we need to do more...
For goods transportation SKF said that we would reduce the CO2 intensity (CO2 emissions per tonne-kilometre) by 30% between 2012 and 2016. This was achieved by 2016 when the annual emissions were reduced by 31%.
Now we focus on the next phase...
On raw materials and purchased goods, SKF said that all major suppliers that are energy intensive shall be certified to ISO 50001 energy management (as is SKF). By the end of 2016, 84% are certified and the rest are working towards certification.
In 2017, we increased the scope of suppliers and continue to support energy management in the supply chain...
With customer solutions we reported aggregated avoided emissions (Scope 4) 2012-2016. From 2017, SKF will not provide such aggregated data. In the objectives for 2025, we have selected four key areas of our business that stick out as highly relevant to reduce emissions - renewable energy, electric vehicles, recycling industry and bearing remanufacturing...