SKF commits to net zero supply chain by 2050
SKF announced its commitment to have a supply chain with net zero greenhouse gas emissions by 2050.
“Having already made significant progress on our journey to reducing emissions from our own operations to net zero by 2030, we are today committing to an even more ambitious goal, spanning our full supply chain. Reaching this goal will require major focus and commitment from our own operations, as well as from our suppliers, partners and customers,” said Rickard Gustafson, President and CEO, SKF.
SKF commits to reduce CO2 emissions in its supply chain by 45 per cent by 2035 and by 60 per cent by 2040. In addition, SKF has pledged to source at least 40 per cent of steel from carbon neutral steel plants by 2040 and to reduce transport-related greenhouse gas emissions by 80 per cent by 2040. This will align with the Paris Climate Agreement to reach net zero global emissions by 2050 and to limit global warming to 1.5°C.
SKF has taken a step towards this goal by investing in more energy efficient manufacturing processes and requiring energy-intensive suppliers of steel and forgings to adopt the ISO 50001 standard for systematic energy management. 85 per cent of all suppliers in scope now have this certification.
“SKF’s heritage lies in products that reduce friction and thereby enable a more sustainable industry. Achieving our new, wider ambitions will require new forms of collaboration. For our part, we are approaching the task with determination, experience and technological innovation.” said Rickard Gustafson.