SKF allocates EUR 300 million to green investments

- Advertisement -

GÖTEBORG, Sweden, Dec. 6, 2021 /PRNewswire/ — SKF has reached a significant milestone, with a total of EUR 300 million now allocated to investments in accordance with SKF’s Green Finance Framework. The funding comes from the Group’s 10-year Green Bond and is an important part of SKF’s focus on reducing its own emissions as well as increasing investments in R&D, production, testing and remanufacturing capacity for products used in industries such as renewable energy generation, electric vehicles and railway applications. 

Niclas Rosenlew, Senior Vice President and CFO, says: “It’s fantastic to be able to see the impact and wide breadth of projects which this funding is supporting. These investments are essential in contributing to the transformation of SKF and the industries which we support.”

SKF’s Green Finance Framework has been independently evaluated by the Center for International Climate Research (CICERO).

Aktiebolaget SKF

      (publ)

For further information, please contact:

PRESS: Carl Bjernstam

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

patrik.stenberg@skf.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/skf-allocates-eur-300-million-to-green-investments,c3466307

The following files are available for download:

https://mb.cision.com/Main/637/3466307/1505831.pdf

20211206 SKF allocates EUR 300 million to green investments

https://news.cision.com/skf/i/skf-remanufacturing,c2988463

SKF Remanufacturing

https://news.cision.com/skf/i/niclas-rosenlew,c2988464

Niclas Rosenlew

https://news.cision.com/skf/i/solar-panels-on-skf-building,c2988465

Solar panels on SKF building

Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Agrigate Global takes no editorial responsibility for the same.