AB SKF 2023 AR2
The report outlines SKF's performance and strategic progress in 2023, highlighting a 3.8% organic sales growth and an improved adjusted operating margin of 12.5%. Key achievements include the validation of the company's Scope 1, 2, and 3 emissions reduction targets by the Science Based Targets initiative (SBTi) and the allocation of SEK 3 billion to meet energy and decarbonization goals by 2030. Additionally, SKF inaugurated a new greenfield factory in Monterrey, Mexico, localizing its supply chain for electric and commercial vehicles. The company also completed its group-wide efficiency program, achieving SEK 2 billion in annual savings.
Company: AB SKF
Sector: Industrials
Country: Sweden
Year: 2023
Type: AR2
Pages: 160
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AB SKF
Annual Report
The report outlines SKF's performance and strategic progress in 2023, highlighting a 3.8% organic sales growth and an improved adjusted operating margin of 12.5%. Key achievements include the validation of the company's Scope 1, 2, and 3 emissions reduction targets by the Science Based Targets initiative (SBTi) and the allocation of SEK 3 billion to meet energy and decarbonization goals by 2030. Additionally, SKF inaugurated a new greenfield factory in Monterrey, Mexico, localizing its supply chain for electric and commercial vehicles. The company also completed its group-wide efficiency program, achieving SEK 2 billion in annual savings.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
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
Workplace Fatalities
Net Zero Target
Employees