Thursday 24 September 2020

Swedish mechanical components firm SKF joins RE100 initiative

Swedish bearing and seal manufacturing company SKF has joined an initiative targeting the use of 100% renewable electricity.

The announcement supports its previous commitment to achieve carbon neutrality across its global manufacturing operations by 2030.

SKF – which offers solutions around the rotating shaft, including bearings, seals, lubrication and maintenance services - has joined RE100, a global initiative bringing together global businesses committed to using 100% renewable electricity.

The mechanical components company plans to source as well as self-generate renewable energy such as solar and wind to power its operations globally.

Kent Viitanen, President of Bearing Operations said: “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 at the Climate Group added: “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.”