AB SKF
Carbon footprint
Primary Climate Goal
AB SKF aims to achieve carbon neutrality for Scope 1 + 2 by 2030
GHG emissions and Carbon intensity
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.