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SKF joins the Renewable Energy 100 initiative

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SKF has committed to achieving carbon neutrality for its global manufacturing operations by 2030, announcing its membership in the Renewable Energy 100 (RE100) initiative. This global initiative comprises influential businesses aiming for 100% renewable electricity. President Kent Viitanen emphasized this goal as crucial for competitiveness and sustainability, while director Johan Lannering noted SKF’s role in enhancing energy efficiency globally. The transition to renewable energy is expected to be beneficial for both SKF and its customers.

Positive
  • Joining the RE100 initiative supports SKF's goal of achieving carbon neutrality by 2030.
  • The commitment to renewable energy aligns with SKF's long-term strategy, enhancing competitiveness.
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GOTHENBURG, Sweden, Sept. 23, 2020 /PRNewswire/ -- As part of SKF's goal to achieve Carbon Neutrality for its global manufacturing operations by 2030, the company is pleased to announce that it has joined the Renewable Energy 100 (RE100) initiative.

RE100 is a global initiative bringing together the world's most influential businesses committed to using 100% renewable electricity.

Kent Viitanen, President, Bearing Operations, says: "Achieving Carbon Neutrality by 2030 is an integral part of SKF's overall strategy. We see this as part of our responsibility and we are convinced that making this transition will create a long-term competitive advantage for SKF and our customers. We aim to achieve it by improving energy and material efficiency in our operations whilst increasing the sourcing or self-generation of renewable energy. Our aim to get to 100% renewable energy by 2030 or sooner is fully aligned with the RE100 ambition and approach."

Sam Kimmins, Head of RE100, the Climate Group, says: "We are delighted to welcome SKF to RE100. By transforming their global business operations to renewable electricity, SKF are demonstrating a strong commitment to combat climate change, whilst underlining the business case for renewables. We look forward to seeing other industrial businesses follow their example."

Johan Lannering, Director Group Sustainability & SKF Nova, says: "This is how we address our responsibility as a user of energy, and we are also proud that our products and solutions are key enablers of renewable energy systems such as wind energy and emerging technologies like tidal power. On the demand side, our Rotating Equipment Performance offer is helping industrial companies in all sectors around the world to improve energy efficiency and operational performance."

Aktiebolaget SKF
      (publ)

For further information, please contact:
PRESS: Carl Bjernstam, SKF Group Communication
tel: 46 31-337 2517, mobile: 46 722-201 893, e-mail: carl.bjernstam@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
tel: 46 31-337 2104, mobile: 46 705-472 104, e-mail: patrik.stenberg@skf.com

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SOURCE SKF

FAQ

What is SKF's goal regarding carbon neutrality?

SKF aims to achieve carbon neutrality in its global manufacturing operations by 2030.

What initiative has SKF joined to support its sustainability goals?

SKF has joined the Renewable Energy 100 (RE100) initiative.

Who commented on SKF's commitment to renewable energy?

President Kent Viitanen and Director Johan Lannering shared insights on SKF's renewable energy strategy.

How does SKF plan to achieve its carbon neutrality goal?

SKF plans to improve energy and material efficiency while sourcing or generating renewable energy.

Why is SKF's membership in RE100 significant?

It demonstrates SKF's commitment to using 100% renewable electricity and combatting climate change.

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