With the 2017 Sustainability Report, the Schaeffler Group presents – for the second time – its achievements, ambitions, and goals for responsible corporate management. In the theme of “Our aspiration,” Schaeffler uses brief reports to show how its employees are implementing and living sustainability.
The Sustainability Report 2017 includes a description of the economic, ecological, and social aspects of the company’s activities in 2017. It additionally represents sustainability-related goals of the Schaeffler Group as well as financial and nonfinancial key figures used to measure the sustainability performance of Schaeffler.
The report was formulated in keeping with the GRI standards for sustainability reporting of the Global Reporting Initiative (GRI). It thus complies with the GRI option “In accordance – core.” The GRI also carried out a “Materiality Disclosures Service,” confirming that the general standard indicators 102-40 to 102-49 are properly displayed in the report.
The information in the Sustainability Report refers to the entire Schaeffler Group and its business sectors. Where it seems useful, a reference is made to supplementary information in the Annual Report or to further sources. The reporting period corresponds to the business year that runs from January 1 to December 31, 2017. Editorial deadline for this report was March 20, 2018.
The report was written up by order of the Executive Board of the Schaeffler Group. The Board reviewed and released the report content. The information on economic matters in the Sustainability Report 2017 is based on the Schaeffler Group information from the Annual Report 2017. The report additionally contains nonfinancial information that was reviewed in a business audit in the context of preparing the consolidated separate nonfinancial report.
This document contains forward-looking statements that reflect management’s current views with respect to future events. Such statements are subject to risks and uncertainties that are beyond the Schaeffler Group’s ability to control or estimate precisely, such as future market and economic conditions, the behavior of other market participants, the ability to successfully integrate acquired businesses and achieve anticipated synergies, and the actions of government regulators. If any of these or other risks and uncertainties occur, or if the assumptions underlying any of these statements prove incorrect, then actual results may be materially different from those expressed or implied by such statements. Schaeffler AG does not intend or assume any obligation to update any forward-looking statements to reflect events or circumstances after the date of this report.
The Sustainability Report of the Schaeffler Group is available in German and English; in case of deviations, the German version is considered binding. The most recent Sustainability Report was published for the year 2016; the next will be published in early 2019 for the year 2018.
Questions and comments regarding responsible management of the Schaeffler Group can be addressed to the Corporate Sustainability Officer via email at firstname.lastname@example.org. The Annual Report 2017 contains financial key figures on the business year 2017 of the Schaeffler Group as well as information on business development, business fields, and portfolio changes.
Editorial notice: For better readability, this report generally uses only the masculine form when referring to groups of persons. Unless indicated otherwise, these statements should not be construed to refer to a specific gender. In addition to “Schaeffler Group,” the term “the company” or the short form “Schaeffler” are also used. Deviations of individual pieces of information from this report framework are cited accordingly.