SKF Maintains CDP 'A' Rating, Accelerates Decarbonization Progress
Event summary
- SKF has received its third consecutive 'A' score from CDP for climate change leadership.
- Approximately 20,000 companies were scored by CDP in 2025.
- SKF reduced Scope 1 and 2 emissions by 59% in 2024, compared to a 2019 baseline.
- SKF aims to decarbonize operations by 2030 and achieve net-zero supply chain emissions by 2050.
The big picture
SKF’s consistent ‘A’ rating from CDP signals a commitment to transparency and environmental performance, increasingly important for attracting investment and maintaining a competitive edge in the industrial sector. The company’s accelerated emissions reductions demonstrate a proactive approach to climate risk, aligning with growing investor and regulatory pressure for corporate sustainability. This leadership position positions SKF favorably as sustainability becomes a core driver of long-term value creation.
What we're watching
- Supply Chain
- The feasibility of SKF’s 2050 net-zero supply chain target will depend on the willingness of suppliers to adopt similar decarbonization strategies, potentially impacting costs and sourcing flexibility.
- Regulatory Risk
- Increased scrutiny of ESG disclosures and potential revisions to CDP’s scoring methodology could impact SKF’s future ratings and require ongoing adjustments to reporting practices.
- Competitive Pressure
- The extent to which SKF’s sustainability leadership translates into a competitive advantage will be determined by whether competitors prioritize similar initiatives and whether customers increasingly factor ESG performance into purchasing decisions.
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