SKF AB
SKF's GHG Emissions Data Preview
In 2024, SKF completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
SKF has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  b | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  b | Copy/Paste is a PRO feature.  b | 0000000 |
b
bVerified Sources Behind SKF’s Greenhouse Gas (GHG) Emissions 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.
Insights into SKF's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of SKF amounted to 438,108 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of SKF decreased by 12.47%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
SKF's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are SKF's Scope 1 emissions?
In 2024, the total Scope 1 emissions of SKF were 45,853 metric tons of CO₂ equivalent (tCO₂e).a
Has SKF reduced its Scope 1 emissions over time?
Since 2019, SKF's Scope 1 emissions have decreased by 21.13%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), SKF's Scope 1 emissions decreased by 13.78%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
What are SKF's Scope 2 emissions?
In 2024, SKF reported Scope 2 greenhouse gas (GHG) emissions of 125,505 tCO₂e using the market-based method and 392,255 tCO₂e using the location-based method.a
Has SKF reduced its Scope 2 emissions over time?
Since 2019, SKF's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 24.35%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), SKF's Scope 2 emissions (Location-Based) fell by 12.31% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
What methodology does SKF use for Scope 2 reporting?
In 2024, SKF reported its Scope 2 emissions using the market-based method and using the location-based method.a
SKF's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into SKF's Value Chain Emissions
In 2024, SKF reported 3,006,408 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of SKF includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
SKF's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are SKF's Scope 3 emissions?
In 2024, SKF reported total Scope 3 emissions of 3,006,408 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 58.48% of these emissions originated from upstream activities such as purchased goods and capital goods, while 41.52% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has SKF reduced its Scope 3 emissions over time?
Since 2019, SKF's Scope 3 emissionshave remained relatively stable, indicating that SKF's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2023), SKF's Scope 3 emissions increased by 68.07%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
What categories of Scope 3 emissions does SKF disclose?
In 2024, SKF reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of SKF's Scope 3 emissions?
In 2024, the largest contributors to SKF's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 1,410,542 tCO₂e (46.92%)
- Use of Sold Products (Cat. 11): 1,217,202 tCO₂e (40.49%)
- Upstream Transportation and Distribution (Cat. 4): 167,448 tCO₂e (5.57%)
SKF's Scope 3 Emissions by Categories
Insights into SKF’s GHG Emissions Intensity Compared to Industry Peers
In 2024, SKF reported Scope 1 greenhouse gas (GHG) emissions of 45,853 tCO₂e and total revenues of USD 8,958 millions. This translates into an emissions intensity of 5.12 tCO₂e per millions USD.a
SKF's Scope 1 Emissions Intensity Compared to Peers
How does SKF's GHG emissions intensity compare to its peers?
In 2024, SKF reported a Scope 1 emissions intensity of 5.12 tCO₂e per millions USD. Compared to the peer group median of 8.1, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does SKF rank on GHG emissions intensity within its industry?
In 2024, SKF ranked 9 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
SKF is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into SKF's Total Carbon Footprint
In 2024, SKF reported a total carbon footprint of 3,444,516 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 50.46% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to SKF's total carbon footprint was Scope 3 emissions, accounting for 87.28% of the company's total carbon footprint, followed by Scope 2 emissions at 11.39%.a