Glossary
A
Agenda 4 plus One
The Schaeffler Group’s program for the future to help execute the strategy “Mobility for tomorrow”. It includes the five categories Customer focus, Operational excellence, Financial flexibility, Leadership and talent management, as well as Securing long-term competitiveness and value creation. A total of 20 strategic initiatives that have significance worldwide and have been selected from a variety of initiatives are in turn assigned to these categories.
Automotive
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.
Automotive Aftermarket
New division established effective January 1, 2018. With its Automotive Aftermarket division, the Schaeffler Group is represented worldwide in the spare parts business, offering both products and services.
C
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.
CHP
Cogeneration plants or combined heat and power plants.
CMS
Compliance Management System.
CoC
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.
CSR
Corporate Social Responsibility; designates the social responsibility of a company.
CSR RUG
CSR Guideline Implementation Law (German: Richtlinie-Umsetzungsgesetz); law on strengthening companies’ nonfinancial reporting in management reports and group management reports.
D
Diversity
Diversity can relate to many things, including sex, ethnicity, age, disability, sexual orientation, religion, lifestyle.
E
EHS
Environment, Health, and Safety.
EMAS
EU Eco-Management and Audit Scheme, according to which the Schaeffler Group site were validated.
EnEHS
Energy, Environment, Health, and Safety.
EU GDPR
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.
EUR
Euro.
Expat
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.
G
GRI
Global Reporting Initiative; an organization founded in 1997 that uses a participatory procedure to develop criteria for the preparation of sustainability reports.
GWh
Gigawatt-hour.
I
IATF 16949
Global norm for quality management systems of companies in the automotive industry.
Industrial
Division of the Schaeffler Group that comprises business with customers in the areas of Mobility, Production Machinery, Energy and Raw Materials, and Aerospace.
ISO 14001
Global standard for environmental management systems.
ISO 50001
Global norm for energy management systems.
ISO 9001
Global norm for quality management systems.
K
KPI
Key Performance Indicator; performance indicator with which the progress or degree of fulfilling important goals is measured.
M
Mobility for tomorrow
The Schaeffler Group’s strategy, consisting of 4 key elements: vision and mission, 8 strategic pillars, the excellence program “Agenda 4 plus One” comprising 20 strategic initiatives, and the Schaeffler Group’s Financial Ambitions 2020.
MSA
Modern Slavery Act; British law on reporting obligations regarding the avoidance of human trafficking and forced labor in the supply chain.
N
NAP
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.
NFR
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.
NGO
Nongovernmental Organization.
O
OECD
Organisation for Economic Co-operation and Development; international organization with 35 member states committed to democracy and a market economy.
OEM
Original Equipment Manufacturer.
OHM
Occupational Health Management.
OHSAS 18001
Occupational Health and Safety Assessment Series; OHSAS 18001 represents a standard for a work safety management system.
R
RCOI
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.
S
SCoC
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).
SDGs
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.
SR
Sustainability Report.
Stakeholders
Groups who are affected by, involved with, or hold an interest in the company.
Sustainability
Sustainability means utilizing natural resources in a way that observes the particular economic, environmental and social conditions without neglecting the interests of future generations.
T
TMS
Transport Management System; bundles transport orders in worldwide supply network.
U
UNGC
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.