Sustainability? Triple bottom line? CSR?
What does this mean? For SKF it starts and ends with SKF Care – including the dimensions of Business, Environment, Employees and Communities. Long-term success is about balancing these aspects properly. For SKF, all aspects need to be considered in the decision making process.
In order to maintain performance, we cannot do everything, we need to focus on the most important aspects and deal with them in a systematic approach. The most important issues for SKF are:
- Customer satisfaction
- Business conduct
- Financial performance
- Health and safety
- Positive and engaging workplace
- Responsible sourcing
- Energy and climate
- Systematic environmental protection
- Local community relations
- Equality, human and labour rights
For an brief description of these aspects and what makes them important over SKF's value chain, please refer to our Annual Report, page 13.
These have been established from the overall risks and opportunities managed by SKF, in combination with formal and informal stakeholder dialogue. Most of the issues include one or more aspects as defined by the GRI G4 sustainability reporting guidelines, please refer to our GRI G4 table for the details.
Including stakeholder views
SKF workes in different ways to interact with key stakeholder groups. This allows us to better understand different perspectives and concerns and can respond promptly to external trends. Read here on our stakeholder engagements and materiality process.
External drivers and trends
SKF’s strategy is developed and refined through an understanding of the external drivers and trends which have the potential to impact our markets, regions and industries. These are some of the high level external drivers of relevance to SKF.