Process by which digital 3D design data is used to build up a component in layers by depositing material, for instance in the form of fine powder.
Abbreviation of “Aftermarket Kitting Operation”: project to establish a state-of-the-art assembly and packaging center.
With its Automotive Aftermarket division, the Schaeffler Group is represented worldwide in the spare parts business, offering both products and services.
In the Automotive Technologies 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.
Allows for safe and reliable vehicle steering by purely electronic means.
Abbreviation of (formerly) “Carbon Disclosure Project”: non-profit organization that evaluates and provides corporate information for investors, companies and governments in the areas of climate, water and forests.
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.
Abbreviation of “Corporate Health Management”.
Abbreviation of “combined heat and power plants” or cogeneration plants.
Abbreviation of “Compliance Management System”.
Abbreviation of “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 that all rules and regulations applicable to a process are adhered to.
Set of legal and constructive requirements for the management and supervision of companies.
Abbreviation of “Corporate Social Responsibility”: describes the social responsibility of a company.
CSR Directive Implementation Act
(German: “Richtlinie-Umsetzungsgesetz”); law on strengthening companies’ nonfinancial reporting in management reports and group management reports.
Diversity with respect to aspects including gender, ethnic origin, age, disability, sexual orientation, and religion.
Abbreviation of “electric mobility”: mobility that is powered by electricity. This includes electric and hybrid vehicles. Ranging from high-voltage hybrid modules and electric axles through to wheel hub motors – the Schaeffler Group offers a broad range of products for the age of electrified powertrain architectures
Abbreviation of “Environment, Health, and Safety”.
Abbreviation of “Eco-Management and Audit Scheme”: community eco-management and audit scheme setting out requirements under which Schaeffler Group locations are validated.
Abbreviation of “energy, environment, health and safety”.
Abbreviation of “Group Compliance and Risk Committee”: The Schaeffler Group’s centralized committee responsible for coordinating the flow of information about risks throughout the organization.
Social dimension of gender. Refers to the culturally specific and historically variable roles, expectations, values, and orders associated with the respective gender.
Abbreviation of “Global Key Account Management”: responsible at Schaeffler for expanding customer relationships worldwide according to uniform principles.
Abbreviation of “Separate non-financial group report” (German: “Gesonderter nichtfinanzieller Konzernbericht”): refers to the reporting option according to the CSR Directive Implementation Act Sections 289, 315 German Commercial Code.
To finance or refinance projects related to clean transportation, Rrnewable energy, eco-efficient and/or circular economy adapted products, production technologies and processes, and energy efficiency.
Abbreviation of “Global Reporting Initiative”: an organization founded in 1997 that uses a participatory procedure to develop criteria for the preparation of sustainability reports.
Abbreviation of “Gigawatt-hour”.
Global norm for quality management systems of companies in the automotive industry.
IDW AsS 980
Standard for auditing compliance management systems.
Division of the Schaeffler Group that includes the business with customers in the mobility, production machinery, energy and raw materials, and aerospace sectors.
Refers to the integration of industrial production with state-of-the-art information with communications technology.
Globally recognized standard for environmental management systems.
Globally valid norm for data protection management systems.
Globally valid norm for energy management systems.
Globally valid norm for quality management systems.
Abbreviation of “Key Performance Indicator”: performance indicator that measures the progress or the degree of achievement of key objectives.
Abbreviation of “Lost Time Injuriy Rate”: standard key figure to record accidents at work; defined as occupational accidents from one lost day per 1 million hours worked.
Modern Slavery Act
British law on reporting obligations regarding the avoidance of human trafficking and forced labor in the supply chain.
Abbreviation of “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.
Abbreviation of “Nongovernmental Organization”.
Abbreviation of “Organisation for Economic Co-operation and Development”: international organization with 35 member states committed to democracy and a market economy.
OPTIME is a condition monitoring solution designed for comprehensive condition monitoring across entire mashine and equipment parks at any time.
Abbreviation of “Reasonable Country of Origin Inquiries”: screening of the country of origin of raw materials or minerals used, in order to prevent the extraction of these raw materials from contributing to the financing of armed conflicts.
Research and development expenses as a percentage of revenue.
Part of the Automotive Aftermarket division; offers numerous services covering every aspect of products and repair solutions.
In order to continue the transformation of the Schaeffler Group, the corporate strategy was furhter developed in 2020. The Roadmap 2025 is thus the successor to the strategic concept “Mobility for tomorrow” released in 2016.
Schaeffler Academy combines all personnel development activities at Schaeffler worldwide. It supports strategic corporate objectives, promotes a culture of lifelong learning, and enables employees to achieve their personal and professional goals.
Schaeffler Value Added
Central indicator for value-based management, which compares earnings before interest and taxes with the cost of capital.
Abbreviation of “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).
Abbreviation of “Sustainable Development Goals”: The United Nations’ 17 goals for sustainable development, intended to help secure sustainable development on the economic, social, and ecological level.
Abbreviation of “Sustainability, Environment, Health and Safety”: This department is part of the Human Resources function and is, among other things, responsible for sustainability management at Schaeffler.
Abbreviation of “Self-Assessment-Questionnaire”: a questionnaire aiming succesively improving the sustainability performance of suppliers.
Schaeffler’s 48 Volt hybrid module (mild hybrid) facilitates the introduction of hybridization and offers attractive potential for reducing CO2. The disc-shaped, compact hybrid module for electrifying vehicles with manual transmissions is mounted as one unit between the engine and the transmission. The module requires neither changes to the transmission nor a water cooling system. Power can be recuperated by braking
Abbreviation of “Task Force on Climate-related Financial Disclosures”: Expert commission of the G20 Financial Stability Board, developing reporting guidelines for climate-related risks.
Three Lines of Defense Model
Model assigning clear responsibility for dealing with risks to the company’s continued existence or development and based on the principle that primary responsibility for a risk lies with its originator.
Abbreviation of “Trusted Information Security Assessment Exchange”: standard for information security defined by the automotive industry.
Abbreviation of “United Nations Global Compact”: The worldwide largest initiative for responsible corporate management, with around 13,000 companies and organizations from the public, political, and academic sector in 170 countries. Following ten universal principles, it pursues an inclusive and sustainable world economy for the benefit of all people, communities, and markets.
Abbreviation of “previous year” (German: “Vorjahr”).