SKF AB
Industry Group: Machinery
Country/Region: Sweden
Identifier: OME:SKF.B
SKF’s history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world’s ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Machinery 14 out of 571
Universe
Global Universe 2135 out of 15080
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| GEA Group AG |
12.4
Low
|
5 out of 571 |
| SKF AB |
15.9
Low
|
14 out of 571 |
| Makita Corp. |
27.3
Medium
|
220 out of 571 |
| Donaldson Co., Inc. |
29.3
Medium
|
284 out of 571 |
| Ningbo Deye Technology Co., Ltd. |
39.3
High
|
558 out of 571 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
How do the ESG Risk Ratings work?
Top Material ESG Issues for SKF AB
Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues.
What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted SKF AB's ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
