SKF commits to net-zero-emissions supply chain by 2050

SKF, Lansdale, Pa., has announced its commitment to have a supply chain with net zero greenhouse gas (GHG) emissions by 2050. As milestones toward the goal, the company commits to reducing CO₂ emissions in its supply chain by 45% by 2035 and 60% by 2040. In addition, SKF has pledged to source at least 40% of steel from carbon-neutral steel plants by 2040 and reduce transport-related GHG emissions by 80% by 2040. This will align with the Paris Climate Agreement to reach net zero global emissions by 2050 and limit global warming to 2.7 degrees F.

The company has invested in more energy-efficient manufacturing processes and is requiring energy-intensive suppliers of steel and forgings to adopt the ISO 50001 standard for systematic energy management. Eighty-five of all suppliers in scope now have this certification.

From 2022 the group’s manufacturing site in Gothenburg, Sweden, will become the third site to achieve net zero status. The other two sites are Tudela, Spain, and Steyr, Austria.