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 need to focus on the most important topics and deal with them in a systematic approach. Based on the latest materiality analysis, and referring to GRI standards for sustainability reporting the most important topics are:
- Economic performance
- Anti-corruption and
- competition law
- Customer sustainability performance
- Energy and emissions
- Effluents and waste
- Environmental compliance
- Employment and labor management relations
- Occupational health and safety
- Training and education
- Diversity and equal opportunity
- Human rights
- Supplier social and environmental assessment
- Socioeconomic compliance
For an brief description of these aspects and what makes them important over SKF's value chain, please refer to our Annual Report on pages 125-124.
The topics have been established from the overall risks and opportunities managed by SKF, in combination with formal and informal stakeholder dialogues which we describe more here.
What do you think is most relevant topics for SKF to address?Please provide input with this 5 minute survey.
Sustainable Development Goals
The Global Goals for Sustainable Development set the direction where society wants to go.
Including stakeholder views
SKF works 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.
External drivers and trends
SKF’s strategy is developed to answer to external drivers and trends which have the potential to impact our markets. These are some of the high level external drivers of relevance to SKF.