SKF AB

SKF AB has adopted a structured approach to governing its climate-related lobbying, chiefly through indirect channels, but does not disclose governance processes for direct advocacy. It has "procedures and guidance in place, following the principles of the Global Standard on Responsible Corporate Climate Lobbying" to ensure that "organizations in which we are members are in line with the principles set out in the SKF Code of Conduct and the Paris Climate Agreement 1,5 degree target." Group Sustainability, "through the Director of Sustainability, is maintaining a list of all organizations to which the SKF Group Companies are a member of," and this list "is reviewed and updated annually together with the local business areas," with clear escalation measures stipulating that "if an organization does not comply with these principles the issue shall be escalated and SKF shall endeavor to change the organization or exit." The policy also clarifies that "only the CEO may comment on political issues on behalf of the company," delineating responsibility for direct lobbying. However, the company does not disclose any formal review or monitoring procedure for direct engagement with policymakers or a board-level oversight mechanism specific to its lobbying activities, nor does it cite any third-party assessments of its climate-lobbying alignment.