SKF awarded EcoVadis Platinum Medal for fifth consecutive year

The EcoVadis assessment evaluates 21 sustainability criteria across four core themes: Environment, Labour and Human Rights, Ethics and Sustainable Procurement. SKF's rating identified several strengths across the Group's business, including advanced reporting on sustainability issues and sustainability management systems. As well as scoring highly across all areas, EcoVadis highlighted SKF's strong decarbonization ambition with approved science-based targets, the high level of coverage of ethics actions throughout company operations and an exceptional level of sustainable procurement actions. SKF's supplier code of conduct and training of buyers on social and environmental issues within the supply chain was also noted.

The EcoVadis assessment evaluates 21 sustainability criteria across four core themes: Environment, Labour and Human Rights, Ethics and Sustainable Procurement. SKF's rating identified several strengths across the Group's business, including advanced reporting on sustainability issues and sustainability management systems. As well as scoring highly across all areas, EcoVadis highlighted SKF's strong decarbonization ambition with approved science-based targets, the high level of coverage of ethics actions throughout company operations and an exceptional level of sustainable procurement actions. SKF's supplier code of conduct and training of buyers on social and environmental issues within the supply chain was also noted.

EcoVadis' business sustainability ratings are based on international sustainability standards, such as the Ten Principles of the UN Global Compact, the International Labor Organization (ILO) conventions, the Global Reporting Initiative (GRI) standards and the ISO 26000 standard. The ratings provide an evidenced-based analysis on performance and an actionable roadmap for continuous improvement.

Aktiebolaget SKF 
      (publ)

For further information, please contact:

PRESS: Sian How, Sustainability Communications Lead
mobile: +447970 737470; e-mail: [email protected] 

INVESTOR RELATIONS: Sophie Arnius, Head of Investor Relations
tel: 46 31-337 8072; mobile: 46 705-908 072; e-mail: [email protected] 

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