Description/achievement of initiative
SKF establishes new strategy and targets aimed at reducing Carbon emmisions along it's full value chain. WWF recognizes the transformative, tough nature of these targets by making SKF a Climate Saver.
SKF has had a long history of working on enviromental issues in general and climate change in particular, but with this new strategy (acknowledged by WWF) the Group has raised the bar on our performance and contribution. The targets and related strategy will require incresed focus and resources accross the business, from R&D, product development, manufacturing, logisics and sales.
May 8th 2012 SKF announced targets for their new climate strategy and have partnered with the WWF in their Climate Savers Programme. The SKF climate strategy includes aggressive targets for reducing greenhouse gas (GHG) emissions for SKF, its suppliers and logistics operations, as well as from its customer solutions.
To support its customers, SKF also announced the launch of the BeyondZero portfolio including products and solutions which will both improve energy efficiency and support more environmentally friendly energy production.
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure
The commitment will require the active participation of many parties including SKF suppliers and customers. Although they will not be formally identified in the commitment, the nature of the targets set means that they will be involved in realsing these commitment, WWF