SKF has been awarded an A score in the 2024 CDP Supplier Engagement Assessment (SEA), placing the company among the global leaders in supplier climate action and transparency. This recognition follows SKF’s earlier A rating for Climate from CDP, underscoring the group’s commitment to environmental leadership across its operations and supply chain.
CDP is a global non-profit that runs the world’s only independent environmental disclosure system for companies, capital markets, cities, states and regions to manage their environmental impacts. The SEA evaluates how effectively companies engage their suppliers on climate-related issues, focusing on governance, targets, Scope 3 emissions and value chain engagement. SKF achieved top scores across all categories, including an A in governance and business strategy, targets, Scope 3 emissions and supplier engagement.
Earlier, SKF also received an A rating from CDP for climate, placing it in the top 2% of all companies scored. Over 22 700 companies were scored in 2024, however, just 515 companies achieved an A score, underlining SKF’s sustainability commitment.
SKF has committed to achieving net-zero greenhouse gas emissions across its supply chain by 2050. The company continues to make strong progress toward its 2030 decarbonised operations target and accelerated its decarbonisation efforts in 2024 by achieving a year-on-year emission reduction for scope 1 and 2 emissions of 32%, up from 18% in the previous year. In addition, SKF has made significant strides in renewable energy adoption. In 2024, 72% of SKF’s electricity use came from renewable sources, up from 64% in 2023.
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