Sustainability targets
As part of the realignment and restructuring of its sustainability activities, Schaeffler has developed five management-related targets in the reporting period and will report on their progress from now on.
In addition to focusing on internal management, Schaeffler also wants to create greater clarity in external communication regarding the status of its sustainability performance. For this reason, the detailed targets at a departmental level will not be published this year.
The strategic objectives include measures that the company wants to use to apply in order to achieve positive environmental, social, and economic effects through its business activities and to create sustainable company value. Time frames are also defined within which Schaeffler intends to implement the measures.
Strategic goal |
Measures (extract) |
Goal deadline |
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CDP Rating |
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“A-”-rating for CDP Climate Score by 2021 and at least “B” by 2020 |
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2020/21 |
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Sustainable Suppliers |
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90% of purchasing volume of production material from suppliers with sustainability self-assessments by 2022 |
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2022 |
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Renewable Energy |
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100% of purchased power from renewable sources until 2024 |
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2024 |
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Energy Efficiency |
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100 GWh cumulated annual efficiency gain through implementation of energy efficiency measures until 2024 |
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2024 |
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Accident Rate |
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10% average annual reduction of accident rate (LTIR1)) by 2024 |
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2024 |