https://newsletter.en.creamermedia.com
Business|Energy|Manufacturing|Renewable Energy|Safety|SKF|Sustainable|Water|Manufacturing |Products|Environmental|Bearings|Operations
Business|Energy|Manufacturing|Renewable Energy|Safety|SKF|Sustainable|Water|Manufacturing |Products|Environmental|Bearings|Operations
business|energy|manufacturing|renewable-energy|safety|skf|sustainable|water|manufacturing-industry-term|products|environmental|bearings|operations

SKF launches Green Finance Framework

17th January 2020

     

Font size: - +

This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.

SKF  (0.06 MB)

SKF launched a Green Finance Framework. By engaging in green financing, SKF’s funding strategy will become more aligned with the Group’s climate objectives, to reduce CO2 emissions from its own manufacturing and supply chain operations as well as supporting customers to reduce their emissions.

Within the Green Finance Framework, SKF intends to finance investments that support the transition to a low-carbon, climate resilient growth and lower environmental impact.

Niclas Rosenlew, Senior Vice President and CFO, says: “Sustainability is integrated into our strategy and business models. Our products help to reduce friction, energy and water consumption. Our offerings have always had an impact in these areas and by making sure our financing structure also contributes to a more sustainable world, we are taking the next step in our sustainability strategy.”

SKF’s climate objectives focus on reducing emissions across the entire value chain. With 2015 as the base year, SKF aims to reduce its CO2 emissions from manufacturing per tonne of sold bearings and transported goods by 40%, respectively. The Group is well on its way to achieving these goals ahead of the target of 2025.

Niclas Rosenlew says: “We are currently making substantial investments in our own operations to increase flexibility, improve productivity and safety, as well as to decrease our environmental footprint. Our position within the cleantech field also enables us to contribute to the growth of industries such as renewable energy and electric vehicles.”

SKF’s Green Finance Framework follows the Green Bond Principles and the Green Loan Principles. The Green Finance Framework has been independently evaluated by the Center for International Climate Research (CICERO). Within the Green Finance Framework, SKF’s intention is to issue a green bond in the near future. The Green Finance Framework is available for download at https://www.skf.com/group/investors/green-finance-framework.

Edited by Creamer Media Reporter

Comments

Projects

Latest News

Showroom

Weir
Weir

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir
Weir

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:2.351 2.475s - 199pq - 2rq
Subscribe Now