AB SKF 2024 SR
The report highlights SKF's progress toward its 2030 decarbonization goals, achieving a 59% reduction in Scope 1 and 2 emissions compared to a 2019 baseline. It details the company's first double materiality assessment in preparation for CSRD and ESRS compliance. Key achievements include reaching an all-time low accident rate of 0.59 and producing the first bearing from green steel using hydrogen direct reduced iron. The company also introduced a shadow carbon pricing policy for steel sourcing and an airfreight avoidance policy to further reduce value chain emissions.
Company: AB SKF
Sector: Industrials
Country: Sweden
Year: 2024
Type: SR
Pages: 69
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AB SKF
Sustainability Report
The report highlights SKF's progress toward its 2030 decarbonization goals, achieving a 59% reduction in Scope 1 and 2 emissions compared to a 2019 baseline. It details the company's first double materiality assessment in preparation for CSRD and ESRS compliance. Key achievements include reaching an all-time low accident rate of 0.59 and producing the first bearing from green steel using hydrogen direct reduced iron. The company also introduced a shadow carbon pricing policy for steel sourcing and an airfreight avoidance policy to further reduce value chain emissions.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Mar 7, 2025
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Other Standards
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