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SKF

Industry:machinery ISIN:SE0000108227 Country:SE CRR:B-

Company Profile:
The SKF Group is a leading global supplier of products, customer solutions, and services in the business of rolling bearings and seals. The company has around 120 production sites in 24 countries.



Strengths/weaknesses profile:
Strengths:
  • group-wide implementation of health and safety management systems and downward trend of accident rate
  • implementation of a certified environmental management system at all major installations with significant environmental risks
  • increase in resource efficiency in recent years, e.g. regarding energy and water consumption
  • policy on the abandonment of political donations

Weaknesses:
  • lack of transparency regarding measures to reduce and substitute the use of hazardous and toxic substances
  • lack of transparency regarding training and education performance indicators



Reasons for inclusion in the Index:
As one of the world’s largest producers of roller bearings, the company makes an important contribution to increasing energy efficiency and to cutting fuel and energy consumption in almost all sectors of industry through its many measures to optimize roller bearings. In addition, the company has significantly cut its own CO2 emissions in recent years.