Glossary

Within the Schaeffler Group, the Automotive Aftermarket division is responsible for the global spare parts business for passenger cars and commercial vehicles.

As a partner to the global automotive industry for passenger cars and commercial vehicles, the Automotive Technologies division develops and produces components and systems for fully electric and hybrid drives, for internal combustion engines, and for chassis systems.

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.

Corporate initiative to promote diversity in companies and institutions. Organizations should create a working environment that is free of prejudice. All employees should be valued - regardless of gender, nationality, ethnic origin, religion or belief, disability, age, sexual orientation and identity.

Abbreviation of "combined heat and power plants" or cogeneration plants.

Model that strives for an efficient and longest possible use of products and raw materials.

For the Schaeffler Group, climate-neutral means reducing greenhouse gas emissions as far as possible and offsetting remaining emissions, e.g., through sink projects.

Abbreviation of "Compliance Management System".

Abbreviation for "Code of Conduct": The Code of Conduct describes the values and principles of behavior to be followed in letter and spirit by all employees of the Schaeffler Group. Furthermore, compliance with the commands and prohibitions is also expected from the Schaeffler Group's business partners.

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.

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 "Environment, Social and Governance". This refers to factors that are considered to influence a company's corporate social responsibility in the areas of environment, social affairs and corporate governance.

The EU taxonomy is a comprehensive classification system from the European Union that aims to facilitate comparison of the sustainability activities of different companies.

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 the Schaeffler Group for expanding customer relationships worldwide according to uniform principles.

Abbreviation of "Separate non-financial group report" (German: "Gesonderter nichtfinanzieller Konzernbericht"): The Schaeffler Group thus makes use of the option pursuant to section 315b (3) HGB to prepare the GNFK outside the group management report.

Green hydrogen is produced by electrolysis of water, using only electricity from renewable sources. The production is therefore carbon free and more environmentally friendly.

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.

Standard for auditing compliance management systems.

The Industrial division develops and manufactures bearing solutions, drive technology components and systems, as well as service solutions such as monitoring systems for a variety of industrial applications. In addition, the division is working intensively on new products for the hydrogen economy.

Refers to the integration of industrial production with state-of-the-art information with communications technology.

Globally recognized standard for environmental management systems.

Globally recognized guide to help organizations integrate social responsibility into the business process.

Globally valid norm for data protection management systems.

Globally valid norm for energy management systems.

Globally valid norm for quality management systems.

Abbreviation of "Life cycle assessment": it represents a tool that is used to record, evaluate and present the environmental impact of products.

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.

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 38 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.

The Roadmap 2025 represents the Schaeffler Group's corporate strategy.

Abbreviation of "Self-Assessment-Questionnaire".

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.

Abbreviation of "Supplier Code of Conduct".

Direct emissions that come from emissions sources within the considered organization (e.g. heating, cooling generation).

Indirect emissions that arise from energy production outside of the organization (e.g. electricity, district heating).

Includes other indirect emissions in the supply chain (upstream).

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": The Competence Center is part of the Human Resources function and is, among other things, responsible for sustainability management at the Schaeffler Group.

An initiative of the Schaeffler Group aims to systematically evaluate its own plants in accordance with consistently defined sustainability requirements and to implement measures to advance environmental and social aspects.

Abbreviation of "Task Force on Climate-related Financial Disclosures": Expert commission of the G20 Financial Stability Board, developing reporting guidelines for climate-related risks.

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 19,000 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 "Value Balancing Alliance": association of multinational companies that aim to create ways to measure and compare the value of companies' contributions to society, the economy and the environment.