SKF Celebrates Third Consecutive Year with 'A' Grade from CDP for Climate Change Leadership
SKF Achieves Prestigious 'A' Score from CDP for Environmental Leadership
In a remarkable achievement for corporate environmental responsibility, SKF has been awarded an 'A' score from the Carbon Disclosure Project (CDP) for the third consecutive year. This recognition highlights SKF's continuous commitment to addressing climate change and fostering sustainability within its operations. The CDP, a leading global non-profit organization, evaluates nearly 20,000 companies annually, making this achievement a significant hallmark of excellence in environmental governance.
Sofie Runius Cederberg, Head of Sustainability at SKF, expressed pride in receiving the prestigious rating. She remarked, "This recognition underscores our ongoing progress and reflects the dedication of our employees to drive positive change. While we take pride in our sustainability leadership, we are also reminded of the work ahead as we strive for a more sustainable society."
The score awarded by the CDP serves as a benchmark for corporate disclosure and environmental performance, allowing for comparisons across various industries. By securing an 'A' score, SKF not only showcases its commitment to robust climate action but also aligns its strategies with international frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD). Furthermore, this score demonstrates SKF's implementation of best practices in sustainability across its operations.
As part of its overarching sustainability goals, SKF has set ambitious targets for decarbonization. The company is committed to eliminating carbon emissions across all operations by 2030 and aims to achieve a net-zero supply chain by 2050. This commitment to change is already in motion, evidenced by SKF's impressive progress with a 59% reduction in Scope 1 and 2 emissions in 2024, as compared to the base year of 2019. This trajectory keeps SKF well on track to meet its 2030 targets.
Sherry Madera, CEO of CDP, added, "High-quality data empowers leaders to make earth-positive decisions that both secure long-term competitiveness and protect our natural systems. Transparency acts as a foundation for meaningful action in battling climate challenges, demonstrating what is possible when companies prioritize sustainability."
SKF's achievement exemplifies the company's relentless pursuit of sustainability and its ongoing efforts to lead by example in the global marketplace. As environmental concerns gain prominence worldwide, SKF's high rating serves as a model for other corporations seeking to implement responsible practices and embrace transparency in their sustainability efforts.
In conclusion, SKF's recognition from CDP reflects not only its achievements but also the company's ongoing commitment to sustainability. The journey towards a sustainable future requires continuous efforts, and SKF is determined to sustain its leadership role in climate action and environmental conservation. As the company looks ahead, it remains dedicated to driving forward initiatives that promote ecological sustainability, ensuring a positive legacy for future generations.
For further inquiries, please contact:
Press Relations: Karin Markhede
Phone: +46 70 758 87 30
Email: [email protected]
Investor Relations: Sophie Arnius
Phone: +46 31-337 8072
Email: [email protected]
Topics Environment）
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