SKF Annual Report 2024 published online; significant decarbonization milestone reached [Yahoo! Finance]
SKF AB S/ADR (SKFRY)
NASDAQ:AMEX Investor Relations:
skf.com/group/investors/investor-relations
Company Research
Source: Yahoo! Finance
The Report focuses on SKF's value creation activities for customers, shareholders, and other stakeholders by outlining the Group's strategic transformation, operational progress and financial performance. Major updates include a revised Remuneration Report for increased transparency and an extended Sustainability Report. "Also in 2024, we diligently executed on our strategy to further strengthen us as a company. The initiated process to establish Automotive as an independent business is one key example of these value-adding activities. I firmly believe that we today are in a better position to capitalize on profitable growth opportunities as demand recovers," says Rickard Gustafson , President and CEO. The Annual and Sustainability Report also highlights the progress towards SKF's 2030 decarbonization target of a 95% reduction in scope 1 and 2 emissions from a 2019 baseline. In 2024, a 59% reduction was achieved, which is well ahead of the verified Science Based Targets initiative
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News
- AB SKF (OTCMKTS:SKFRY) was upgraded by analysts at BNP Paribas to a "hold" rating.MarketBeat
- AB SKF (OTCMKTS:SKFRY) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- After COP30 - SKF brings industry together to accelerate sustainable transformation [Yahoo! Finance]Yahoo! Finance
- AB SKF (OTCMKTS:SKFRY) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating.MarketBeat
- SKF hosts Capital Markets Day; announces updated strategy and new financial targets [Yahoo! Finance]Yahoo! Finance