SKF: Advancing decarbonisation through ResponsibleSteel

At SKF, we believe that the journey to net zero must be a collective one, built on shared standards, collaboration across the value chain, and a commitment to continuous improvement. As a global industrial technology leader and significant buyer of steel, purchasing more than half a million tons annually, we recognise the important role we play in supporting the transformation of the steel industry.

Steel is a critical material in our products and represents around 70% of our upstream carbon footprint. In recognition of this, we’ve made the decarbonisation of our steel supply chain a strategic focus. However, we also recognise that genuine progress needs more than internal ambition; it requires industry-wide alignment and credible frameworks to guide action.

That’s why SKF joined ResponsibleSteel. We see ResponsibleSteel as a vital platform for advancing a shared understanding of what responsible steel production looks like - one that integrates environmental, social, and governance (ESG) principles with robust standards for emissions and broader sustainability performance. The initiative’s multi-stakeholder governance and assurance frameworks provide the transparency and consistency needed to support informed decision-making and accelerate change.

We are proud to have contributed to the development of ResponsibleSteel’s International Production Standard, which provides a much-needed framework for measuring and improving the climate performance of steel producers. We actively encourage our steel suppliers to engage with the ResponsibleSteel Standard and consider how it can support their own sustainability journeys. Through SKF’s Sustainability Standard for Suppliers, we promote alignment with ResponsibleSteel’s 13 Principles and reporting expectations with steel and steel component suppliers. We believe that by raising awareness and fostering dialogue around ResponsibleSteel’s approach, we can help build momentum for more sustainable practices across the value chain.

In parallel, we are working closely with selected steelmakers to explore and scale low-carbon technologies. This includes partnerships to develop steel made from recycled content and hydrogen-reduced iron (H-DRI), as well as pilot projects that demonstrate the feasibility of greener steel in industrial applications. These collaborations are helping to demonstrate what’s possible and inspire broader adoption across the sector.

We also use our voice to advocate for systemic change. Through our involvement in initiatives such as ResponsibleSteel and SteelZero, we support the development of policy and market mechanisms that can accelerate the transition towards a net-zero steel industry. We believe that demand-side signals from buyers, combined with clear standards and supportive policy, are key to unlocking investment and innovation.

At SKF, we see responsible steel not only as a material choice but as a strategic lever for climate action, resilience, and long-term value creation. We’re proud to stand with ResponsibleSteel and its members in advancing this vision, and we look forward to continuing the journey together.