In 2023, SKF conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 150,108a | 155,412a | 170,582a | |
Total Waste Recovered | 111,986a | 123,180a | 135,518a | |
Total Hazardous Waste Generated | 22,821a | 23,709a | 24,122a | |
Non-Hazardous Waste Disposed | 30,885a | 24,851a | 25,764a |
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In 2023, SKF generated a total of 150,108metric tonnes of waste.a
Of this amount, 74.6% of SKF's total waste generated was recovered through methods such as recycling, reuse, or composting, while 25.4% was disposed of through landfilling, incineration, or combustion.a
In 2023, SKF reported a total waste generation of 150,108 metric tonnes, of which 74.6% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that SKF is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2021, SKF's total waste generation decreased by 12%, including a further 3.41% drop in 2023, highlighting a consistent and deliberate reduction in waste production over time.a
Over the same period, SKF's waste recovery rate declined by 6.09%, with a further 5.88% drop in 2023, underscoring a weakening in waste diversion performance and a potential drift away from circular waste strategies.a
Overall, while SKF has successfully reduced its total waste generation, its waste recovery efforts have also declined. This pattern could suggest a shift in strategy away from circular treatment methods or a lag in recovery infrastructure development.
In 2023, SKF generated a total of 150,108 metric tonnes of waste.a
Of this amount, 15.2% of SKF's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment.84.8% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.a
Since 2021, SKF's total waste generation decreased by 12%, with an additional 3.41% decline in 2023, suggesting a consistent and deliberate effort to minimize waste generation at the source.a
Over the same period, the share of hazardous waste increased by 7.51%, while holding steady in 2023, pointing to potential stagnation in efforts to reduce harmful waste types after a period of worsening performance.a
Overall, SKF's waste and hazardousness trends are mixed or inconclusive. A more detailed review of its materials, industry standards, and operational changes would help clarify the net environmental impact of its waste strategy.a
In 2023, SKF reported that 22,821 metric tonnes of its total waste output were classified as hazardous. This represents 15.2% of its overall waste generation.a
The company treated this hazardous waste using a combination of methods.A majority (68.29%) was diverted from disposal through recovery-oriented treatments such as recycling or reuse. This suggests that SKF has established processes to reduce the environmental burden of its most harmful waste streams.a