SKF has signed a framework agreement with the State Forestry Administration in China to plant new forests in remote areas of the country. The project is expected to run for five years. SKF has selected the Swedish University of Agricultural Sciences, a leading research institute in forestry, as a technical partner.
The signing was held in conjunction with the kick-off of the ‘Sweden China Innovation Week’ in Beijing. This marked the 60 year anniversary of diplomatic relations between Sweden and China.
China is aiming to achieve forest coverage of more than 26% by 2050. By investing in these forests, SKF aims to make an environmental as well as a social contribution to local communities.
“We recognise the critical role forests serve in the ecosystem and this project supports our sustainability work and our BeyondZero approach. We are committed to reducing the negative environmental impacts of our operations and to offering new technologies, products and services with enhanced environmental added value to our customers”, says Tom Johnstone, SKF president and CEO.
SKF has a robust process aimed at constantly improving energy usage efficiency, both in the energy demand for manufacturing operations as well as in its facilities. For SKF this has resulted in a reduction in carbon emissions of more than 150 000 tonnes, an absolute reduction of nearly 27% over the past four years.
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