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United Nations Department of Economic and Social Affairs Sustainable Development

SKF launches aggressive new climate strategy and partners with WWF to reduce greenhouse gas emission

#SDGAction38904
Description
Description
SKF establishes new strategy and targets aimed at reducing Carbon emmisions along it's full value chain. WWF recognizes the transformative, tough nature of these targets by making SKF a Climate Saver.
Implementation of the Project/Activity

SKF has had a long history of working on enviromental issues in general and climate change in particular, but with this new strategy (acknowledged by WWF) the Group has raised the bar on our performance and contribution. The targets and related strategy will require incresed focus and resources accross the business, from R&D, product development, manufacturing, logisics and sales.

May 8th 2012 SKF announced targets for their new climate strategy and have partnered with the WWF in their Climate Savers Programme. 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 which will both improve energy efficiency and support more environmentally friendly energy production.

Partners
The commitment will require the active participation of many parties including SKF suppliers and customers. Although they will not be formally identified in the commitment, the nature of the targets set means that they will be involved in realsing these commitment, WWF

Goal 7

Ensure access to affordable, reliable, sustainable and modern energy for all

Goal 7

7.1

By 2030, ensure universal access to affordable, reliable and modern energy services

7.1.1

Proportion of population with access to electricity

7.1.2

Proportion of population with primary reliance on clean fuels and technology

7.2

By 2030, increase substantially the share of renewable energy in the global energy mix
7.2.1

Renewable energy share in the total final energy consumption

7.3

By 2030, double the global rate of improvement in energy efficiency
7.3.1

Energy intensity measured in terms of primary energy and GDP

7.a

By 2030, enhance international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology, and promote investment in energy infrastructure and clean energy technology
7.a.1

International financial flows to developing countries in support of clean energy research and development and renewable energy production, including in hybrid systems

7.b

By 2030, expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries, in particular least developed countries, small island developing States, and land-locked developing countries, in accordance with their respective programmes of support

7.b.1

Installed renewable energy-generating capacity in developing and developed countries (in watts per capita)

Reduce the total annual energy use of the SKF Group by 5 % below the 2006 level by 2016. Reduce the energy use per production output by 5% year-on-year during the period (2012-2016).
Require that 100% of our energy intensive suppliers are certified according to the new Energy Management Standard ISO 50001 by the end of 2016.
Reduce CO2 emissions/tonne-km for all transport managed by SKF Logistics Services by 30% below 2011 level by 2016.
Increase the revenue from the BeyondZero portfolio from SEK 2.5 billion in 2011 to SEK 10 billion in 2016. Beyond Zero portfolio = SKF products and solutions that help cusomters save energy, reduce carbon emmisions.
Financing (in USD)
1100000000
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False
Action Network
Sustainable Energy for All (SE4All)
This initiative does not yet fulfil the SMART criteria.
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Timeline
01 January 1970 (start date)
01 January 2016 (date of completion)
Entity
N/A
SDGs
7
Geographical coverage
UK, Sweden
More information
Countries
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