Controlling sustainability

The Schaeffler Group is constantly working to improve its sustainability performance. The Head of Sustainability coordinates groupwide sustainability activities and reports to the Executive Board as a driving force.

The Steering Committee for Sustainability is a panel of experts comprised of representatives of relevant departments. It supports the head in the development of strategic sustainability goals and metrics for assessing and managing the corresponding sustainability performance.

The Sustainability Roadmap, which lists all strategic sustainability goals and the measures and timelines for their implementation, was used as a work and process monitoring tool for this purpose. The Roadmap is updated and, if needed, adapted every year in cooperation with the responsible departments. It also contains cross-references to show which SDGs are addressed with the corresponding measures.

Monitoring objectives

Schaeffler monitors its objectives in the area of non-financial services on the basis of key figures. During the year, key figures are collected on, e.g. environmental concerns (including energy consumption, waste, greenhouse gas emissions), employee concerns (such as accident rate and the proportion of women), social concerns (customer satisfaction and quality), human rights, and fighting corruption and bribery as part of standardized processes.

In the 2018 fiscal year, 38 key figures were checked as part of Limited Assurance for the separate non-financial report (GNFK). They are published in the GNFK 2018. Further key figures can be found in this Schaeffler Group sustainability report. The key figures are regularly and especially currently checked for accuracy as part of the reorganization of the sustainability department.

The key figures and further information about them are available under Key figures on sustainability.

Outlook

Schaeffler has continued to develop its internal sustainability organization since January 1, 2019. For this purpose, a separate area, assigned to the Chief Human Resources Officer, will be set up that will combine responsibility for sustainability, environmental protection and occupational medicine and safety under new management.

With this step, Schaeffler is giving sustainability management more weight and, with the involvement of selected stakeholders, is reorienting its sustainability strategy. The adapted strategy will be presented in detail in the sustainability report 2019.