The company has pledged to reduce CO₂ emissions in its supply chain by 45% by 2035 and by 60% by 2040. Additionally, SKF will source at least 40% of the steel it utilizes from carbon-neutral steel plants by 2040. It will also reduce emissions related to transportation by 80% by 2040.
 
“Having already made significant progress on our journey to reducing emissions from our own operations to net zero by 2030, we are today committing to an even more ambitious goal, spanning our full supply chain,” said Rickard Gustafson, president and chief executive of SKF. “Reaching this goal will require major focus and commitment from our own operations, as well as from our suppliers, partners and customers.”
 
Read the full press release here.