SKF Achieves CDP 'A' Score for Environmental Leadership
SKF, a leader in bearing technology and services, has been recognized for its outstanding commitment to environmental management. The company has achieved an impressive 'A' score from CDP, a global not-for-profit organization that helps companies disclose their environmental impact and make positive changes.
For the year 2025, nearly 20,000 companies were assessed through CDP's platform, which focuses on transparency in corporate environmental performance. SKF's achievement places it among the elite group of companies that demonstrate extensive disclosure and effective governance in environmental issues.
Sofie Runius Cederberg, the Head of Sustainability at SKF, expressed pride in the recognition received from CDP. She noted, "This recognition highlights our continuous progress and reflects the dedication of our teams in driving positive changes. It also serves as a reminder of our responsibility to continue advocating for a sustainable world."
Sherry Madera, the CEO of CDP, underscored the importance of high-quality data in empowering organizations. She stated, "Quality data allows leaders to make earth-positive decisions that ensure long-term viability and protect natural ecosystems. This showcases what can be achieved when transparency is established as the foundation for action."
The CDP Climate Change score is an important benchmark that measures how companies disclose their environmental performances. It enables comparisons across various industries. By being awarded a leadership status, SKF has been recognized for aligning its strategies with major frameworks, such as the Task Force on Climate-related Financial Disclosures (TCFD), and applying best practices in sustainability.
SKF has also set ambitious goals for itself, committing to decarbonizing its operations by 2030 and achieving a net-zero supply chain by 2050. Recent progress includes a notable 59% reduction in Scope 1 and 2 emissions in 2024 compared to a 2019 baseline, which puts the company well ahead of its sustainability trajectory aimed for 2030.
This commitment to climate performance not only positions SKF as a leader in sustainability within its industry but also represents a broader responsibility towards environmental stewardship that echoes throughout its operational practices.
Aktiebolaget SKF
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Frequently Asked Questions
What is the significance of SKF's CDP 'A' score?
The CDP 'A' score signifies SKF's leadership and commitment to environmental sustainability and transparency among global companies.
What are SKF's sustainability goals?
SKF aims to decarbonize all operations by 2030 and achieve a net-zero supply chain by 2050.
Who is the CEO of CDP?
The CEO of CDP is Sherry Madera, who emphasizes the importance of high-quality data for making sustainable business decisions.
What progress has SKF made towards its emissions reduction goals?
As of 2024, SKF has achieved a 59% reduction in Scope 1 and 2 emissions compared to its 2019 baseline.
How does CDP assess companies like SKF?
CDP assesses companies based on their environmental disclosures and governance practices, evaluating their efforts to mitigate climate change impact.
