SKF awarded top sustainability ratings

The EcoVadis assessment evaluates 21 sustainability criteria across four key themes: Environment, Labour and Human Rights, Ethics and Sustainable Procurement. The 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.

The EcoVadis assessment evaluates 21 sustainability criteria across four key themes: Environment, Labour and Human Rights, Ethics and Sustainable Procurement. The 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.

The CDP Climate Change score provides a snapshot of a company's disclosure and environmental performance. The scoring methodology provides a comparable dataset across the market. To earn leadership recognition (A/A-), companies must show environmental leadership, disclosing action on climate change. They must demonstrate best practice in strategy and action as recognised by frameworks such as the TCFD and others.

SKF has committed to achieve net zero status for all its operations by 2030 and to have a supply chain with net zero greenhouse gas emissions by 2050. As solid progress towards these goals, 2021 saw year-on-year reduction of scope 1 and 2 emissions of 3.2% - adding up to a 45% absolute reduction since 2006. In 2021, SKF also reached a 50% share of renewable electricity used at its facilities around the world. 

For further information, please contact:
PRESS: Carl Bjernstam, Group Communication
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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