Introduction by the Chief Executive Officer
Ladies and gentlemen,
Sustainability plays a key role in the implementation of our corporate strategy and is an integral part of our Roadmap 2025. The Roadmap 2025 defines not only our strategic focus and execution program, but also the mid-term targets that we want to achieve. Most notably, this also includes our sustainability targets, which we integrated into the remuneration of our top management in the reporting period.
Our production processes focus on energy efficiency, environmental compatibility, and conservation of resources as reflected in our targets. Our manufacturing processes will be carbon-neutral at all of our production sites worldwide by 2030, representing our contribution to climate protection. In parallel, we are continuously expanding our climate protection ambitions and are gradually incorporating the entire supply chain.
With its different facets and challenges, sustainability is becoming a key management task for the coming years. Sustainability is a mindset and requires a holistic approach. For the Schaeffler Group, creating sustainable value means focusing not only on our own processes and supply chain, but also on our products. Think, for example, of our expertise in electric mobility or wind power. We at the Schaeffler Group particularly see a potential in the generation and use of hydrogen. As a preferred technology partner, we want to be able to offer our customers and business partners sustainable solutions, so that we can master the challenges of the future together.
In the context of the United Nations’ 75th anniversary, the Schaeffler Group has been selected as one of 50 Sustainability and Climate Leaders worldwide. We see this as recognition of the work we have done so far as well as motivation to continue along this path. By joining the United Nations Global Compact, we have committed ourselves to its ten principles. With this Sustainability Report, we also fulfill the associated requirement to report on our progress. We firmly believe that strong international partnerships are especially important when it comes to promoting and establishing sustainability around the world. Our Sustainability Report allows us to present and measure our progress.
I would like to take this opportunity to thank all Schaeffler Group employees, and partners having contributed to the joint success, for their dedication. I hope you find our Sustainability Report 2020 interesting and informative.
Chief Executive Officer