Sustainability organization

  • Three regional Sustainability Committees were established
  • The Schaeffler AG Executive Board receives a monthly report on current sustainability developments at the company

Incorporating governance into sustainability management

Bestandteil des GNFK StartFor the Schaeffler Group, sustainable company success means assuming environmental and social responsibility throughout the entire value chain, which is why the company is reinforcing sustainable operations across all of its divisions, functions, and regions.

With the Sustainability Roadmap, the Schaeffler Group addresses key topics such as climate protection, occupational safety, and a sustainable supply chain. The company relies on a Sustainability Committee as a central decision-making body to give these topics the attention they deserve. The Sustainability Committee meets on a quarterly basis and consists of eight Members of the Board of Managing Directors of Schaeffler AG, four regional CEOs, and the function heads of departments associated with sustainability. Based on the Sustainability Coordination Council’s preliminary work, the Sustainability Committee makes central strategic decisions for sustainable development, sets non-financial group targets, and monitors the progress of the Execution Programs.

In 2021, three regional Sustainability Committees were established to anchor sustainability more strongly in the regions, both organizationally and operationally.

Sustainability organization

Sustainability organization (graphic)

The Competence Center Sustainability, Environment, Health and Safety () – as part of the HR function – is responsible for the group-wide sustainability management. It defines performance indicators, supports Execution Programs, conducts internal and external sustainability reporting, and organizes and supports dialogues with key stakeholders. The operational implementation of sustainability-related topics is executed decentralized in various functions, divisions, and regions of the Schaeffler Group.

The monthly Sustainability Performance Report informs the Schaeffler AG Executive Board of current sustainability developments and the status of remuneration-relevant target values.Bestandteil des GNFK Ende

50 Sustainability & Climate Leaders

In recognition of its clearly defined sustainability strategy and consistent sustainability management, the Schaeffler Group was named one of the 50 Sustainability & Climate Leaders worldwide on the occasion of the United Nations’ 75th anniversary. The initiative serves as a platform for leading global companies in different sectors that are involved in the fight against climate change and dedicated to fulfilling the United Nations’ 17 .

To reinforce its global commitment to sustainable development, the Schaeffler Group is a signatory and supporter of the ten principles of the UN Global Compact.

Activities in the UN Global Compact are available at: UN Global Compact

Video documentation of the initiative is available at: Schaeffler one of the 50 Sustainability & Climate Leaders

SEHS
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.
SDGs
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.

GRI

UNGC