BusinessSustainability

SKF Achieves Top CDP Climate Ratings, Demonstrating Value Chain Leadership

SKF has secured top ‘A’ ratings in both CDP’s Supplier Engagement Assessment and Climate categories, ranking among the top 2% of companies globally. The recognition highlights SKF’s comprehensive approach to decarbonization across its entire value chain and supplier network.

SKF has demonstrated exceptional climate leadership by achieving dual ‘A’ ratings from CDP in both the Supplier Engagement Assessment and Climate categories for 2024. This prestigious recognition places the bearing and lubrication systems manufacturer among the elite 2% of companies worldwide for environmental transparency and action. The company’s performance underscores its commitment to driving meaningful climate progress throughout its operations and value chain, according to recent analysis of corporate sustainability performance.

SKF’s Comprehensive Climate Strategy Excellence

InnovationSustainability

New Zealand Revises Livestock Methane Reduction Target to 14-24% by 2050

New Zealand has revised its 2050 methane reduction target for livestock and farm sources to 14-24% below 2017 levels. The updated goal reflects a balanced approach between emission reductions and maintaining agricultural exports.

New Zealand has announced a significant revision to its 2050 methane reduction targets for livestock and agricultural sectors, lowering the ambition from previous goals while maintaining a commitment to environmental stewardship. The new target aims for a 14-24% reduction in methane emissions from 2017 levels, down substantially from the previously established 24-47% reduction goal.

Revised Methane Targets for New Zealand Agriculture