SKF - EU Taxonomy Data: Eligible & Aligned Revenues, CAPEX & OPEX

SKF's EU Taxonomy Data Preview

In 2024, SKF was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.

The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.

SKF has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of SKF are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.

turnoveropexcapex

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Turnover Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Taxonomy Eligible A Turnover Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Turnover Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Opex Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Taxonomy Eligible A Opex Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Opex Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Capex Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Taxonomy Eligible A Capex Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Capex Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000

Verified Sources Behind SKF’s EU Taxonomy Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore SKF’s data sources below and access millions more through our Disclosure Search.

a. SKF's Annual Report 2024

b. SKF's Annual Report 2023

c. SKF's Annual Report 2022

Insights into SKF's Revenues from Sustainable Activities

In 2024, SKF reported EU Taxonomy-eligible revenues of SEK 37.61 billion, representing 38% of its total turnover. Of this amount, SEK 212.00 million of SKF's revenues was classified as EU Taxonomy-aligned, indicating that 0% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

SKF's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

How is SKF's taxonomy-aligned revenue distributed across the EU environmental objectives?

In 2024, SKF reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 0%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much revenue does SKF earn from selling climate-related solutions ?

In 2024, SKF reported that SEK 0 of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 0% of the company's total revenue,indicating that SKFhas limited exposureon solutions that support climate action through its commercial activities.^a

Insights into SKF's CAPEX from Sustainable Activities

In 2024, SKF reported EU Taxonomy-eligible CAPEX of SEK 2.60 billion,representing 40% of its total CAPEX. Of this amount, SEK 14.00 million of SKF's CAPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

SKF's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

How is SKF's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

In 2024, SKF reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 0%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much SKF is investing in climate-related solutions?

In 2024, SKF allocated SEK 0 of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0% of the company's total capital expenditure,indicating that SKFhas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.^a

Insights into SKF's OPEX from Sustainable Activities

In 2024, SKF reported EU Taxonomy-eligible OPEX of SEK 2.00 billion,representing 38% of its total operating expenses (OPEX). Of this amount, SEK 9.00 million of SKF's OPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

SKF's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

How is SKF's taxonomy-aligned OPEX distributed across the EU environmental objectives?

In 2024, SKF reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 0%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much of SKF's operational budget supports climate-related solutions?

In 2024, SKF allocated SEK 0 of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0% of the company's total OPEX,indicating that SKFhas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.^a

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SKF AB

SKF's EU Taxonomy Data Preview

Verified Sources Behind SKF’s EU Taxonomy Data

Insights into SKF's Revenues from Sustainable Activities

SKF's Contribution to Environmental Objectives

How is SKF's taxonomy-aligned revenue distributed across the EU environmental objectives?

How much revenue does SKF earn from selling climate-related solutions ?

Insights into SKF's CAPEX from Sustainable Activities

SKF's Contribution to Environmental Objectives

How is SKF's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

How much SKF is investing in climate-related solutions?

Insights into SKF's OPEX from Sustainable Activities

SKF's Contribution to Environmental Objectives

How is SKF's taxonomy-aligned OPEX distributed across the EU environmental objectives?

How much of SKF's operational budget supports climate-related solutions?

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