Does SKF perform environmental due diligence in connection to company acquisitions?
SKF has a global system for environmental management, which has been certified to ISO 14001 since 1998. This covers all the operations listed except due diligence/mergers and acquisitions. SKF has rules for due diligence/mergers and acquisitions in an internal document ‘The Acquisition and Divestment Process’. SKF conducts extensive environmental due diligence on all potential acquisitions. This includes compliance with health and safety regulations as well as environmental compliance. The Group also conducts similar assessments, using consultant specialists, on its facilities prior to divestment.
