SKF Continues to be Included in the FTSE4 Good Index Series
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SKF USA, Inc.
890 Forty Foot Rd., P.O. Box 352
Lansdale, PA, 19446
Press release date: October 6, 2011
SKF today announced that for the 11th consecutive year the company has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements for remaining as a member of the FTSE4Good Index Series. The company received a 4.7 rating out of 5 for the newly launched Environmental, Social and Governance (ESG) factors.
"The six criteria themes in the FTSE ESG rating are already a part of the SKF Care program focused on sustainability. We see this as part of our responsibility for doing business in the world we operate in - it's simply a way of working at SKF," says Tom Johnstone, SKF President and CEO. "We are proud to be recognized for our efforts."
FTSE4Good is a responsible investment index that is created by the independent financial index company, the FTSE Group. The FTSE ESG ratings cover around 2,400 securities, including all constituents of the FTSE All World Developed Index. The six ESG criteria themes cover environmental management, climate change, human and labour rights, supply chain labour standards, countering bribery, and corporate governance.
The index series is designed to identify and facilitate investment in companies that meet globally recognized corporate responsibility standards. The FTSE Group states that companies in the index series are doing more to manage their social, ethical and environmental impacts and are better positioned to capitalize on the benefits of responsible business practice.
SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has 15,000 distributor locations worldwide. Annual sales in 2010 were SEK 61,029 million and the number of employees was 44,742. www.skf.com