Sustainability targets

The Schaeffler Group is reporting the progress of its sustainability targets on a regular basis. In addition to focusing on internal management, the company also wants to create greater clarity in external communication regarding the status of its sustainability performance.

With two strategic targets set, in the reporting year, in the areas of freshwater withdrawal und carbon-neutral production, the company promotes measures for climate and environmental protection throughout its value chain.

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. Additionally, the respective target achievement status and the corresponding target deadline by which the measures will be implemented are outlined.

Strategic target

 

Measures (extract)

 

Status

 

Target deadline

Energy Efficiency

 

 

 

 

 

 

100 GWh cumulated annual efficiency gains through implementation of energy efficiency measures by 2024

 
  • Implementation of measures for optimized heating and compressed air systems
  • Implementation of measures for optimized machines and machine cooling
  • Implementation of intelligent lighting concepts on LED basis

 

27 %

 

2024

Renewable Energy

 

 

 

 

 

 

100 % purchased power from renewable sources by 2024

 
  • Increase the share of purchased green power to 100 %
  • As of 2020, 100 % of purchased power in Germany with renewable energy

 

56 %

 

2024

Carbon-Neutral Production

 

 

 

 

 

 

CO2 reduction by 2030 compared to base year 2019

 
  • Implementation of the Schaeffler Climate Program to reduce CO2 emissions in the production
  • Increasing the share of renewable energies
  • Expansion of energy efficiency measures

 

26 %

 

2030

CDP Rating

 

 

 

 

 

 

“A-”-rating for CDP Climate Score by 2021

 
  • Increase the transparency regarding climate-relevant data, e.g. Scope 3 emissions
  • Cooperation with customers and suppliers to reduce emissions in the value chain
  • Based on a scenario analysis, description of climate-relevant opportunities and risks, as well as their influence on the business strategy
  • Description and expansion of the supply chain engagement

 

100 %

 

2020/21

Freshwater Supply

 

 

 

 

 

 

20 % reduction of freshwater supply by 2030

 
  • New target adopted by the Sustainability Committee
  • Conducting risk analyses and developing a strategic concept

 

new target

 

2030

Sustainable Suppliers

 

 

 

 

 

 

90 % of purchasing volume of production material from suppliers with sustainability self-assessments by 2022

 
  • Implementation of four initiatives or campaigns for onboarding more suppliers to NQC platform
  • Specific onboarding for suppliers from divisions or regions in selected projects

 

34 %

 

2022

Accident Rate

 

 

 

 

 

 

10 % average annual reduction of accident rate (LTIR) by 2024

 
  • Implementation of appropriate measures taking local conditions into account
  • Conceptual design of the Safe Work@Schaeffler project

 

100 %1)

 

2024

1)

Interim target set for 2020 of 4.7 was exceeded.