AB SKF 2024 IR
The report highlights SKF's performance in 2024, during which the company maintained a resilient adjusted operating margin of 12.3% despite challenging market conditions. SKF achieved a 59% reduction in Scope 1 and 2 greenhouse gas emissions compared to the 2019 baseline, driven by increased sourcing of renewable electricity. The company also initiated the separation of its Automotive business to establish it as an independent listed entity. Additionally, SKF successfully produced its first prototype bearing made from hydrogen direct reduced iron steel, marking a significant step toward decarbonizing its value chain.
Company: AB SKF
Sector: Industrials
Country: Sweden
Year: 2024
Type: IR
Pages: 175
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AB SKF
Annual And Sustainability Report
The report highlights SKF's performance in 2024, during which the company maintained a resilient adjusted operating margin of 12.3% despite challenging market conditions. SKF achieved a 59% reduction in Scope 1 and 2 greenhouse gas emissions compared to the 2019 baseline, driven by increased sourcing of renewable electricity. The company also initiated the separation of its Automotive business to establish it as an independent listed entity. Additionally, SKF successfully produced its first prototype bearing made from hydrogen direct reduced iron steel, marking a significant step toward decarbonizing its value chain.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
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:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees