AB SKF

Diversified Support Services
SKF-B.ST
SEK 170 (1.5)%
Share price
$ 7.8 bn
Market Cap
$ 9.1 bn
Enterprise Value

Carbon footprint

41 Ton
GHG emissions per $ 1 mln investment
1.5x the weighted average for S&P 500
FY2021
How is this calculated?
-3.1%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -5.1% weighted average for S&P 500
FY2022
How is this calculated?

AB SKF aims to achieve carbon neutrality for Scope 1 + 2 by 2030


This target has not been verified as science based according to SBTi
AB SKF's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

AB SKF's GHG emissions (market-based) (Kt of CO2e)
AB SKF's Carbon intensity (Tons per 1 USDm)

AB SKF's carbon footprint

AB SKF reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 370 Kt (-12 /-3.1% y-o-y). Also positively, carbon intensity declined to 39 t (-6.4 /-14.2% y-o-y).

AB SKF reported Scope 3 emissions for the the twelve months ending31 December 2021 at 1,060

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2030, which translates into the estimated reduction of -41 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

AB SKF aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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