SKF to phase out its own fossil gas use with a SEK 3 billion decarbonization investment frame

Rickard Gustafson, President and CEO, says: "I am very pleased to announce this next step in our Decarbonization and Net Zero approach. This is just another example of our commitment towards the achievement of the goals set out in the Paris Climate agreement. We act on this commitment both with actions like this and through all our various engagement and advocacy activities." Rickard Gustafson, President and CEO, says: "I am very pleased to announce this next step in our Decarbonization and...

Rickard Gustafson, President and CEO, says: "I am very pleased to announce this next step in our Decarbonization and Net Zero approach. This is just another example of our commitment towards the achievement of the goals set out in the Paris Climate agreement. We act on this commitment both with actions like this and through all our various engagement and advocacy activities."

"The scale and urgency of the climate crisis demands an even greater focus and speed of action. These investments, coming with a clear frame, will help us reach our goal to decarbonize our own operations by 2030. To achieve this is an absolute key element of our strategy."

SKF has reduced its Scope 1 and 2 emissions by 46% since 2015. This has been achieved by focusing on energy efficiency as well as efficient production and use of materials, while continually increasing the share of renewable energy used in the Group's operations around the world. More than half of the electricity used in SKF's operations comes from renewable energy sources.

Aktiebolaget SKF
(publ)

For further information, please contact:
PRESS: Carl Bjernstam, Acting SKF Media & Press Director
tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: [email protected]

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
tel: 46 31-337 2104; mobile: 46 705-472 104; [email protected]

 

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