AB SKF 2019 AR2
The report highlights SKF's performance in 2019, during which the company achieved a stable operating margin of 10.9% despite falling demand in the second half of the year. Key milestones included the issuance of its first green bond, raising EUR 300 million to fund eligible green projects, and the acquisitions of RecondOil and Presenso to strengthen its circular economy and predictive maintenance offerings. SKF also reduced its manufacturing carbon footprint per tonne of sold bearings by 36% compared to 2015. Additionally, the company inaugurated a new tapered roller bearings factory in Changshan, China, and expanded its Rotating Equipment Performance (REP) fee-based business model.
Company: AB SKF
Sector: Industrials
Country: Sweden
Year: 2019
Type: AR2
Pages: 164
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AB SKF
Annual Report
The report highlights SKF's performance in 2019, during which the company achieved a stable operating margin of 10.9% despite falling demand in the second half of the year. Key milestones included the issuance of its first green bond, raising EUR 300 million to fund eligible green projects, and the acquisitions of RecondOil and Presenso to strengthen its circular economy and predictive maintenance offerings. SKF also reduced its manufacturing carbon footprint per tonne of sold bearings by 36% compared to 2015. Additionally, the company inaugurated a new tapered roller bearings factory in Changshan, China, and expanded its Rotating Equipment Performance (REP) fee-based business model.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Employees