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SKF is a Swedish multinational company that operates in the ball and roller bearing sector. The company was founded in 1907 and has since grown to become a global leader in the industry. SKF's products are used in a wide range of applications, from automotive and aerospace to industrial machinery and renewable energy.

In recent years, SKF has made a concerted effort to reduce its carbon footprint and become more sustainable. The company has set ambitious targets for decarbonisation and has implemented a range of measures to reduce its energy consumption and greenhouse gas emissions.

One of the key initiatives that SKF has undertaken is the implementation of a corporate energy strategy. The company has set up a dedicated team to manage its energy use and has implemented a range of measures to reduce its energy consumption. These include the installation of energy-efficient lighting and heating systems, the use of renewable energy sources, and the implementation of energy management systems.

SKF has also entered into several corporate power purchase agreements (PPAs) with renewable energy providers. These agreements allow SKF to purchase renewable energy directly from the source, reducing its reliance on fossil fuels and helping to decarbonise its operations. The company has also invested in its own renewable energy projects, including the installation of solar panels at its manufacturing facilities.

In addition to its energy initiatives, SKF has also implemented a range of measures to reduce its carbon footprint. These include the use of more sustainable materials in its products, the implementation of circular economy principles, and the reduction of waste and emissions in its manufacturing processes.

SKF's commitment to sustainability has been recognised by a range of organisations. The company has been included in the Dow Jones Sustainability Index for several years running and has been awarded a range of certifications and accolades for its sustainability efforts.

Overall, SKF is a company that is committed to reducing its environmental impact and becoming more sustainable. Through its corporate energy strategy, corporate PPAs, and investment in renewable energy, the company is taking proactive steps to decarbonise its operations and reduce its reliance on fossil fuels. With its focus on sustainability, SKF is well-positioned to thrive in a world where environmental concerns are becoming increasingly important.

✓ Re100 member
✓ Science Based Targets member
✓ Declared Net Zero commitment