Target

Carbon dioxide emissions reduction

SKF's monitoring and reporting of greenhouse gas emissions are carried out in accordance to the Greenhouse Gas (GHG) Protocol developed by the World Business Council on Sustainable Develeopment (WBCSD) and the World Resource Institute (WRI). The Protocol characterizes an organization's greenhouse gas inventory into three scopes, as explained in the diagram below.

SKF has voluntarily reported all direct and some indirect CO₂ emissions resulting from manufacturing operations since 2002. The first CO₂ emission reduction target was defined to aim for a 10% reduction by 2007 (compared with 2002). This target was successfully accomplished in 2005 with a 13% reduction in CO₂ emissions, despite production volume increased.

Hence, a new target was defined in 2006 to achieve annually a minimum 5% reduction irrespective of production volume increases.

SKF reached an absolute reduction of 50,000 tonnes CO₂ emissions, or 9.1% compared to the 2007 total, surpassing the target by some 4 percentage point. It is worth noting that the total Group's CO₂ emissions from Q1 to Q3 2008 were reduced by more than 5% compared to the same quarters of 2007, despite higher production volumes.

The close correlation between manufacturing production and energy use achieved during this period is an indication that the energy management approach applied throughout the company is operating successfully.

• Actions on reducing direct and indirect emissions
• CO₂ emission report