The way we make our business

This is the way we run our operations - how we act as an employer, supplier, customer, business partner and corporate citizen - and the main connections from our activities to the Global Goals.

Conducting business with high ethical standards

We conduct business in line with SKF Code of Conduct, this means that we:

  • Comply with applicable laws and regulations
  • Act against all kinds of corruption and non-competitive behaviour
  • Source materials and service responsibly and conflict free
  • Respect human and labour rights

We also take action against counterfeit business.

Offering decent work in a safe and fair working environment

This means that we 

  • Provide employment and decent work 
  • Provide safe and secure working environments for all employees 
  • Ensure equal pay for work of equal value and promote equal opportunities for leadership 
  • Respect labour rights in our value chain 
  • Work actively against the use of forced labour and child labour in our value chain

Reducing emissions and effluents into air, water and soil

Working to increase eco-efficiency in our operations means that we

  • Reduce GHG emissions resulting from our operations 
  • Adopt clean and environmentally sound technologies in our manufacturing processes, including reduction of chemicals and substances that have a negative impact on human health or the environment 
  • Manage waste and residuals in an environmentally sound manner

Being a good steward of resources

We utilize human, natural and financial resources for the long-term which means that we 

  • Invest in health, wellbeing and development for our employees and making sure to have the right person in the right place 
  • Increase energy efficiency of our operations and those of our suppliers 
  • Increase material efficiency, reuse and recycling in our value chain 
  • Increase water efficiency 
  • Achieve higher levels of economic productivity through diversification, technological upgrading and innovation 
  • Improve financial efficiency to use financial capital in the most effective way

Industry collaborations for sustainable development

We collaborate with other businesses to overcome sustainability challenges for example via:

  • UN Global Compact
  • International Chamber of Commerce
  • Railsponsible

Offering vocational training and supporting basic education and development

We set up or support vocational training to develop the skills needed for our own and the local communities development, by for example

  • In vehicle repair and entrepreneurship for underprivileged youth
  • In collaborating with technical colleges and high schools


We also do sponsorship, and our social policy exists to stimulate and promote sponsorship and collaboration benefiting the communities where we operate such as:

  • Volunteer work
  • Financial support in basic needs, education, sports, health, etc.
  • In-kind giving
SKF logo