SKF Secures Prestigious EcoVadis Platinum Rating for Unprecedented Fourth Year

  • SKF awarded the EcoVadis Platinum Medal, ranking in the top 1% of over 100,000 companies for sustainable practices.
  • The company excels in GHG management, decarbonization efforts, and has science-based targets for sustainability.
  • SKF’s commitment to sustainability is deeply integrated into its corporate strategy and global operations.

SKF, a global pioneer in bearing and seal manufacturing since its inception in Gothenburg, Sweden, in 1907, has once again been distinguished with the EcoVadis Platinum Rating. This prestigious accolade underscores SKF’s unwavering commitment to sustainable business practices, placing it in the elite top 1% of over 100,000 evaluated companies worldwide.

Founded over a century ago, SKF has been at the forefront of bearing technology, contributing significantly to the evolution of the automotive and industrial sectors. Its innovative spirit was sparked by Sven Wingquist’s invention of the self-aligning ball bearing in 1907, a breakthrough that solved critical performance issues in machinery and laid the foundation for the company’s success. SKF’s growth has been propelled by strategic corporate management and a commitment to product development, exemplified by the invention of the spherical roller bearing in 1917, which remains a cornerstone of its product line today.

SKF’s extensive portfolio encompasses bearings and units, seals, lubrication systems, and services that include maintenance and reliability services, engineering consultancy, and training. This diverse offering caters to a wide range of industries, from automotive to aerospace, where precision and reliability are paramount.

EcoVadis, a renowned provider of business sustainability ratings, assessed SKF across 21 sustainability criteria spanning environment, labor and human rights, ethics, and sustainable procurement. The company demonstrated exceptional strengths in several areas, including its robust policies, meticulous reporting, advanced greenhouse gas (GHG) management system, and ambitious decarbonization targets aligned with science-based objectives.

Magnus Rosén, Head of Sustainability at SKF, remarked on the significance of this achievement, highlighting how sustainability is ingrained in SKF’s ethos, strategy, and global impact efforts. This recognition from EcoVadis not only celebrates SKF’s sustainable goals and value chain integration but also reflects the company’s core mission to foster a positive, enduring impact worldwide.

In line with its vision for sustainability and innovation, SKF has established itself as a trusted partner to many high-profile customers across various sectors. The company’s enduring focus on sustainability, combined with its rich heritage of industrial excellence and innovation, positions SKF as a leader in advancing manufacturing sustainability.

As we celebrate this achievement, we are reminded of SKF’s journey from its humble beginnings to becoming a global leader in the manufacture and maintenance of advanced bearing technologies. SKF’s legacy is built on innovation, quality, and a profound commitment to sustainability, principles that continue to guide its operations and contributions to the manufacturing sector.

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