Status of initiative: N/a
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.

Implementation methodologies

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

Partner(s)

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
Deliverables
2016
Require that 100% of our energy intensive suppliers are certified according to the new Energy Management Standard ISO 50001 by the end of 2016.
2016
Increase the revenue from the BeyondZero portfolio from SEK 2.5 billion in 2011 to SEK 10 billion in 2016. Beyond Zero portfolio = SKF products and solutions that help cusomters save energy, reduce carbon emmisions.
2016
Reduce CO2 emissions/tonne-km for all transport managed by SKF Logistics Services by 30% below 2011 level by 2016.
2016
Reduce the total annual energy use of the SKF Group by 5 % below the 2006 level by 2016. Reduce the energy use per production output by 5% year-on-year during the period (2012-2016).
Sustainable Development Goals and targets
Goal 7
Resources devoted to implementation
Financing (in USD)
1,100,000,000 USD
SMART
This initiative does not yet fulfil the SMART criteria.
SDGs
Information
Location: UK, Sweden
Date of completion: 2016
Operating in countries
Partner connections
Contact information/focal point(s)
, rob.jenkinson@skf.com

Documents
#SDGAction633
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