Company Directory - SKF AB
Company Details - SKF AB
SKF AB
WebsiteGothenburg, Sweden
ISIN: SE0000108656
SKF AB is a global leader in bearing technology and services, focusing on sustainable solutions in logistics. The company designs, manufactures, and services a range of products including bearings, seals, and lubrication systems for various industries.
CCI Score
CCI Score: SKF AB
-14.71
0.01%
Latest Event
SKF AB Lobbying Expenditure in 2023
The OpenSecrets profile on AB SKF indicates that the company spent $240,000 on lobbying activities in 2023, which reflects its involvement in political lobbying efforts.
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ENABLER
SKF AB is currently rated as an Enabler.
Latest Events
- DEC312023
The OpenSecrets profile on AB SKF indicates that the company spent $240,000 on lobbying activities in 2023, which reflects its involvement in political lobbying efforts.
-60
Political Contributions and Lobbying Efforts
March 29
AB SKF's reported expenditure of $240,000 on lobbying in 2023 raises concerns about its use of corporate funds to influence political processes. From an anti-fascist perspective, such lobbying efforts can contribute to maintaining corporate influence over policy, potentially undermining democratic accountability and transparency.
- DEC312023
AB SKF spent $320,000 on lobbying activities in 2023, as reported by OpenSecrets. This expenditure highlights the company's active engagement in political lobbying, which can be viewed as an exertion of corporate influence in policymaking.
-50
Political Contributions and Lobbying Efforts
March 29
SKF AB's reported lobbying expenditure of $320,000 in 2023 shows a significant use of financial resources to influence political processes. From a left‑leaning anti‑fascist perspective, heavy lobbying by corporations can help reinforce status quo power dynamics and undermine progressive reforms, which warrants a negative score.
- SEP012023
SKF has updated its Conflict Mineral Policy to ensure ethical sourcing by enforcing due diligence among suppliers, respect for human rights and worker rights, and compliance with global conflict minerals regulations.
+80
Labor Relations and Human Rights Practices
March 29
The updated policy clearly emphasizes the importance of respecting human and worker rights by requiring suppliers to undertake due diligence. This commitment aligns with progressive ethical business practices and supports marginalized workers in the supply chain.
+80
Supply Chain Ethics
March 29
The policy mandates rigorous supply chain due diligence to ensure that materials are conflict-free and that suppliers adhere to internationally recognized standards. This proactive measure reinforces SKF's commitment to ethical sourcing and supply chain integrity.
- DEC312022
SKF AB spent $320,000 on lobbying in 2022, as reported by OpenSecrets. This expenditure reflects the company's active engagement in political lobbying, which may contribute to undue influence in policymaking and undermine democratic accountability.
-40
Political Contributions and Lobbying Efforts
March 29
The reported lobbying expenditure of $320,000 indicates that SKF AB is investing in influencing political decisions. From an anti-fascist perspective, such corporate lobbying can increase the risk of undermining democratic processes and public accountability, favoring corporate interests over those of marginalized communities.
- JAN012022
AB SKF spent $320,000 on lobbying efforts in 2022, as reported by OpenSecrets. The expenditure focused on manufacturing-related issues, indicating the company's engagement in influencing policy debates.
-50
Political Contributions and Lobbying Efforts
March 29
The reported $320,000 spent on lobbying in 2022 raises concerns about the company’s role in shaping policy in ways that may benefit corporate interests over democratic accountability. Such lobbying efforts are viewed through an anti-fascist lens as undermining progressive reforms and empowering corporate influence in politics.
- DEC312021
According to data compiled by OpenSecrets, SKF AB spent $230,000 on lobbying activities during the year 2021. This expenditure indicates the firm's engagement in efforts to influence policy through direct lobbying, raising concerns about corporate influence in democratic processes.
-20
Political Contributions and Lobbying Efforts
March 29
SKF AB's documented lobbying expenditure of $230,000 in 2021, as reported by OpenSecrets, demonstrates the company's involvement in influencing public policy behind closed doors. From an anti-fascist perspective, such political lobbying can undermine democratic accountability and serve corporate interests at the expense of broad-based, inclusive governance.
- JAN012002
SKF has demonstrated a longstanding commitment to human rights by endorsing the Universal Declaration of Human Rights and the Global Compact. The company formalized these principles in its Code of Conduct in 2002, outlining responsibilities towards customers, employees, society, and the environment.
+80
Labor Relations and Human Rights Practices
March 29
SKF's early and formal commitment to human rights, as demonstrated in its Code of Conduct since 2002, aligns with international standards such as the UDHR, the Global Compact Ten Principles, and ILO guidelines. This proactive approach supports fair labor practices and ethical business behavior, reflecting a strong anti-authoritarian stance.
Industries
- 332991
- Ball and Roller Bearing Manufacturing
- 333613
- Mechanical Power Transmission Equipment Manufacturing
- 333615
- Packaging Machinery Manufacturing