SKF Launches New Energy Strategy, Partners with WWF to Reduce GHG Emissions

SKF, Sweden, this week announced targets for its new climate strategy and reported that it has partnered with the WWF's Climate Savers Program. The SKF climate strategy includes aggressive targets for reducing greenhouse gas (GHG) emissions for SKF, its suppliers, and logistics operations, as well as from its customer solutions. To support its customers, SKF also announced the launch of the BeyondZero portfolio including products and solutions that will both improve energy efficiency and support more environmentally friendly energy production.

"With our new climate strategy, we intend to be a leader in our sector to reduce emissions from our own operations, but also to lead the way in helping our suppliers and customers reduce their emissions," says Tom Johnstone, SKF president and CEO. "We are very proud to join with WWF as the first industrial engineering company to be accepted into the Climate Savers Program and look forward to continue using our engineering knowledge to make the world a cleaner place for us all."

SKF and WWF agree that there is a substantial role for the business community to play as a driving force behind the transition to a low-carbon economy and intend to work together in the Climate Savers Program to reduce SKF's emissions of GHGs, with particular focus on carbon dioxide.

"SKF is in a unique position as an industrial engineering company to influence the emissions of many companies within a range of segments. They show their level of commitment through their targets, which go beyond the direct emissions of the company itself and also drive positive change across their entire supply chain. We are particularly encouraged by the way in which SKF is willing to take the lead on quantifying and communicating environmental benefits enabled by their products and solutions," says Håkan Wirtén, secretary general of WWF Sweden.

SKF's updated climate strategy includes the following targets:

Reduce total annual energy use of the SKF Group by 5% below the 2006 level by 2016
Reduce energy use per production output by 5% year-on-year during the period 2012 - 2016
Require that 100% of the company's energy intensive suppliers are certified according to the new Energy Management Standard ISO 50001 by the end of 2016
Reduce carbon dioxide emissions/metric ton-km for all transport managed by SKF Logistics Services by 30% below 2011 level by 2016
Increase revenue from the BeyondZero portfolio from SEK 2.5 billion in 2011 to SEK 10 billion in 2016.

SKF is a global supplier of bearings, seals, mechatronics, lubrication systems, and services that include technical support, maintenance and reliability services, engineering consulting, and training. It is represented in more than 130 countries and has some 15,000 distributor locations worldwide.

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