Sustainability is one of SKF’s strategic drivers, and in our company we define sustainability with SKF Care.
This is the framework of how we operate throughout the Group. The main policy document supporting this is the SKF Code of Conduct. All other internal policies are subordinate this.
Business, Environment, Employees and Communities are the four dimensions of SKF Care. What we do creates shared value between all these dimensions.
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SKF Care is what we mean by sustainability. What we care about for long term success and creating positive impact.
Profitable growth without compromising our commitment for the environment and society.
Integrating environmental lifecycle management into our core business and processes.
To respect and protect the rights of our employees, whilst providing them with equal opportunities for personal and professional growth.
Our Community Care programme represents the means for us to actively engage in our communities. We believe when a society grows, SKF grows with it.
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.
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. Read here on our stakeholder engagements and materiality process.
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 needs to be considered in the decision making process.