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SKF Allocates EUR 300 Million to Green Investments

GÖTEBORG, Sweden, Dec. 6, 2021 /PRNewswire/ — SKF has reached a significant milestone, with a total of EUR 300 million now allocated to investments in accordance with SKF’s Green Finance Framework. The funding comes from the Group’s 10-year Green Bond and is an important part of SKF’s focus on reducing its own emissions as well as increasing investments in R&D, production, testing and remanufacturing capacity for products used in industries such as renewable energy generation, electric vehicles and railway applications. 

Niclas Rosenlew, Senior Vice President and CFO, says: “It’s fantastic to be able to see the impact and wide breadth of …

Full story available on Benzinga.com

Source Here: benzinga.com

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