SKF AB
SKF's Climate Target Data Preview
As of 2024, SKF has disclosed 11 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 9 absolute reduction targets and 2 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into SKF ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2025 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target* | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target | Scope 3 - Upstream Transportation and Distribution (Cat. 4) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target* | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2035 |
Absolute-based Target | Scope 3 - Upstream Transportation and Distribution (Cat. 4) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2035 |
Absolute-based Target* | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2040 |
Absolute-based Target | Scope 3 - Upstream Transportation and Distribution (Cat. 4) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2040 |
Absolute-based Target | Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2050 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Bearing Sold/Delivered | Copy restricted. Please purchase to unlock this data.  b, a | 2025 |
Intensity-based Target | Scope 3 - Upstream Transportation and Distribution (Cat. 4) | Metric Tonnes of CO2 equivalent (mtCO2e) per Tonne of Goods | Copy restricted. Please purchase to unlock this data. b, a | 2025 |
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Verified Sources Behind SKF’s Climate Targets Data
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Insights into SKF's Greenhouse Gas Emissions Pathways
As of 2024, SKF has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a b
Does SKF have a target to reduce the emissions from its operations?
As of 2024, SKF has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a b
SKF's most ambitious operational target is to reduce these emissions by 95% by 2030, compared to a baseline of 419,008 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a b
As of 2024, SKF is ahead of schedule on its operational emissions reduction target, having achieved 62.21% of the planned reduction. a b
SKF's Operational (Scope 1+2) Emissions Pathway
Does SKF have a target to reduce the emissions from its value chain?
As of 2024, SKF has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a b
SKF's most ambitious value chain target is to reduce these emissions by 90% by 2050, compared to a baseline of 3,109,861 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a b
As of 2024, SKF is lagging behind on its value chain emissions reduction target, having achieved 3.7% of the planned reduction. a b