Achievements so far
As with other aspects of our environmental impact, when acting to reduce emissions, SKF follows the principle of "starting in our own back yard”.
Numerous life cycle studies show however, that we have significant opportunities to improve our environmental work, both up and down our value chain.
Back in 2011, we established a set of targets across our value chain where we had a good possibility to reduce energy and CO2:
- Suppliers > SKF’s own operations > Goods transportation > Customer solutions
Please read more on SKF's climate work in the BeyondZero whitepaper
On scope 1 and 2 emissions, the target was set to reduce energy use by 5% compared to baseline 2006, regardless of growth in the business. At year-end 2016, we had managed to reduce energy by 14% and absolute CO2 emissions by 8%, at the same time, our complete business in terms of net sales has grown by 37%.
Achievements 2002 - 2011
The direct ownership and management of SKF's facilities gives the company absolute responsibility and the direct power to minimize the carbon emissions associated with direct energy use. Therefore, in 2002 the Group set up energy and carbon reporting systems for its own facilities and defined clear targets to reduce these emissions by 2007.
Having already achieved these first targets in 2005, 2006 saw the launch of a broader, more aggressive strategy and targets, requiring an absolute reduction in carbon emissions resulting from direct energy use in SKF's facilities of 5% per year - irrespective of volume development.
This new target has been delivered year after year by a strategy focused on reducing energy intensity in the factories and the carbon intensity of the energy used.
The results of these concerted efforts at all SKF facilities in terms of energy efficiency can be seen in the graph below.
The Group's absolute annual energy requirements have been reduced by over 10% during a period between 2002 and 2011 when SKF’s business (net sales) grew by around 54%.