Agenda 4 plus One
Excellence program of the Schaeffler Group to implement the strategy “Mobility for tomorrow.” The program includes the five categories customer focus, operational excellence, financial flexibility, leadership and talent management, and – as a “plus One” – securing long-term competitiveness and value creation. These categories are in turn assigned to 16 strategic initiatives that are globally significant and were chosen from a large number of initiatives.
In the Automotive division, the Schaeffler Group offers expertise as a reliable partner to nearly all automotive manufacturers and important suppliers for the complete drive train – for the motor, transmission, chassis, and auxiliary units in passenger vehicles and commercial vehicles. The business area Automotive Aftermarket is active worldwide in the parts business.
Battery Electric Vehicle = a vehicle powered purely by electricity.
Formerly Carbon Disclosure Project; a nonprofit organization.
Coalition of Environmentally Responsible Economies; U.S. association of ethical investors and environmental organizations.
Charta der Vielfalt (Diversity Charter)
Corporate initiative to support diversity in companies and institutions. Organizations should create a working environment that is free of prejudice. All employees should feel valued – independent of their sex, nationality, ethnic origin, religion or world view, disability, age, or sexual orientation and identity.
Cogeneration plants or combined heat and power plants.
Compliance Management System.
Code of Conduct;code that defines rules for employees and typically includes directives and prohibitions that companies – in this case the Schaeffler Group – impose on themselves or accept.
Ensuring adherence to all rules and regulations that apply to a process.
Compliance Fit & Proper
Initiative of the Schaeffler Group to implement certain compliance requirements and measures as part of the One Schaeffler portfolio.
Legal and factual regulatory framework for the management and supervision of a company.
Customer Satisfaction Index; key figure for measuring customer satisfaction.
Corporate Social Responsibility; designates the social responsibility of a company.
CSR Guideline Implementation Law (German: Richtlinie-Umsetzungsgesetz); law on strengthening companies’ nonfinancial reporting in management reports and group management reports.
Initiative of the excellence program “Agenda 4 plus One” to coordinate, establish, and expand the Schaeffler Group's digital activities. Taking the perspective of the customer, it represents four central digital business scenarios (Products and Services, Machines and Processes, Analyses and Simulations, User Experience and Customer Value) on which the Schaeffler Group focuses.
Diversity can relate to many things, including sex, ethnicity, age, disability, sexual orientation, religion, lifestyle.
Energy Data Management System of the Schaeffler Group.
Environment, Health, and Safety.
EU Eco-Management and Audit Scheme, according to which the Schaeffler Group site were validated.
Energy, Environment, Health, and Safety.
Environmental, Social and Governance; three central factors in measuring sustainability and the ethical effects of an investment in a company.
EU General Data Protection Regulation, according to which rules for processing personal data by private companies and public entities are being standardized across the EU.
Shortened form of expatriate; typically denotes a skilled employee who is temporarily sent by an internationally active company for whom they work to a foreign branch office.
Group of 20; an informal group of 19 states and the European Union that has existed since 1999.
Global Key Account Management; at Schaeffler, responsible for expanding customer relations worldwide according to standardized principles.
Global Reporting Initiative; an organization founded in 1997 that uses a participatory procedure to develop criteria for the preparation of sustainability reports.
Group Compliance and Risk Committee
Central committee of the Schaeffler Group for the group-wide coordination of information exchange about risks.
Hybrid Electric Vehicle.
House of Governance
Model that summarizes/represents the essential elements of Corporate Governance (Compliance Management, Risk Management, Internal Control, and Internal Auditing).
Global norm for quality management systems of companies in the automotive industry.
International Chamber of Commerce.
Internal Combustion Engine.
IDW PS 980
Standard for verifying compliance management systems.
International Labour Organization; a UN organization concerned with formulating international work and social standards.
Division of the Schaeffler Group that comprises business with customers in the areas of Mobility, Production Machinery, Energy and Raw Materials, and Aerospace.
Invention disclosures are the starting point for possible patent applications. Ideas and inventions created by employees of the Schaeffler Group are reported to the central Patent Department and evaluated in terms of their possible use for a patent application.
Global standard for environmental management systems.
Internationally recognized, voluntarily employed guideline that supports organizations in meeting social responsibility.
Global norm for energy management systems.
Global norm for quality management systems.
ISO TS 16949:2009
Replaced on October 1, 2016 by the IATF 16949.
Key Performance Indicator; performance indicator with which the progress or degree of fulfilling important goals is measured.
Mobility for Tomorrow
Strategy of the Schaeffler Group consisting of four essential elements: Vision and Mission, Eight Strategic Cornerstones, the excellence program “Agenda 4 plus One” with its 16 strategic initiatives, and the “Financial Ambitions 2020” of the Schaeffler Group.
Modern Slavery Act; British law on reporting obligations regarding the avoidance of human trafficking and forced labor in the supply chain.
National Action Plan for Business and Human Rights; initiative of the German federal government to respect human rights in global supply chains, based on the UN Guiding Principles for Business and Human Rights.
Net Promoter Score
Key figure for measuring customer satisfaction.
Nonfinancial report that capital market-oriented companies are required to publish according to EU Guideline 2014/95/EU or Sections 289b et seq. HGB and Sections 315b et seq. HGB. Schaeffler fulfills its reporting obligations through a consolidated separate nonfinancial report.
Net Promoter Score; key figure for measuring customer satisfaction.
Organisation for Economic Co-operation and Development; international organization with 35 member states committed to democracy and a market economy.
Original Equipment Manufacturer.
Occupational Health Management.
Occupational Health and Safety Assessment Series; OHSAS 18001 represents a standard for a work safety management system.
Motor vehicle with a hybrid drive possessing an accumulator that can be charged from both an internal combustion engine and the power grid.
Reasonable Country of Origin Inquiries; country of origin tests of raw materials or minerals being used in order to prevent the production of these materials from contributing to financing violent conflicts.
Expenditures for research and development in percent of sales.
The Schaeffler Academy combines all of Schaeffler’s activities for employee development worldwide, supports strategic corporate goals, promotes a culture of lifelong learning, and thus enables employees to reach their personal and professional goals.
Schaeffler Value Added
Central management key figure for value-oriented management that compares earnings before interest and taxes with cost of capital.
Supplier Code of Conduct.
Scope 1 Emissions
Emissions that come from emissions sources within the considered organization (e.g., from power plants or vehicle fleets belonging to the company).
Scope 2 Emissions
Emissions that arise from energy production outside of the organization (e.g., from district heating).
Scope 3 Emissions
All other emissions caused by the company’s activities but not under a company’s control (e.g., by suppliers).
Sustainable Development Goals; 17 goals for sustainable development of the United Nations that are intended to help secure sustainable development on the economic, social, and ecological level.
Socially Responsible Investment; financial investments that take into consideration investors’ ethical or sustainable conceptions of value in addition to following financial investment goals.
Groups who are affected by, involved with, or hold an interest in the company.
Sustainability means utilizing natural resources in a way that observes the particular economic, environmental and social conditions without neglecting the interests of future generations.
Three Lines of Defense Model
Model that assigns clear responsibility for dealing with risks to the company’s continued existence and development and is based on the principle that primary responsibility for a risk lies with its originator.
Transport Management System; bundles transport orders in worldwide supply network.
United Nations; organization of states founded in 1945 with 193 members (as of March 2018) that are committed to maintaining peace through international cooperation and collective security.
United Nations Global Compact; with around 13,000 companies and organizations from the public, politics, and academia in 170 countries, the largest initiative worldwide for responsible corporate management. Following ten universal principles, it pursues an inclusive and sustainable world economy to the benefit of all people, communities, and markets.