Stakeholder management and materiality analysis

  • Selected partnerships and exchange with stakeholders strengthen the Schaeffler Group’s sustainability performance
  • The 2021 materiality analysis was assessed and validated by internal stakeholders for 2022

Stakeholders and memberships

To establish a shared understanding of sustainability, the Schaeffler Group is involved in a variety of initiatives and associations that promote standardized measures and processes for effective sustainability management. This includes the development of a uniform standard for measuring and monetarily evaluating the environmental and social impacts of companies as part of the Schaeffler Group’s membership in the .

In addition to customers, employees, and suppliers, the most important stakeholders also include investors, analysts, associations, universities, and research institutes. Stakeholders are not only incorporated into the process of defining material topics but also encouraged to share information. Formats such as customer workshops, industry dialogues, and professional exchange with universities were used in the reporting year.

Additional focus is placed on exchange in multi-stakeholder formats such as automotive industry dialogue through the National Action Plan () for the economy and human rights. Working with industry representatives, trade unions, NGOs, and other stakeholders, the Schaeffler Group adopted guidelines for implementing core elements of Human Rights Due Diligence in 2022. For further implementation of the guidelines inside the company and in the value chain, the Schaeffler Group is regularly involved in industry dialogue initiatives, including the development of indicators for measuring the effectiveness of Human Rights Due Diligence.



Dialog formats



Workshops and bilateral talks, industry initiatives and multi-stakeholder formats, trade fairs, answering customer requests

Investors, analysts & banks


Conferences, bilateral talks, roadshows, answering requests, quarterly publications, annual general meeting

Suppliers & service providers


Exchange in the Schaeffler multi-stakeholder dialog, automotive industry dialog, bilateral talks



General information events, employee performance reviews, different training formats, employee survey, ideas management, internal communication formats (e.g., Schaeffler Connect)



Exchange at stakeholder dialogs, multi-stakeholder formats, answering requests

Education & Science


Conceptual and operational cooperation with universities, mentoring program for female students, collaborative research projects, implementation of joint and funded projects



Participation in working groups, position development

Politics & authorities


Bilateral talks, information events for policy makers, participating in forums and events

Results of materiality analysis

Part of NFBBased on the materiality analysis, the Schaeffler Group identified focus areas for the sustainability strategy and defined key topics for reporting. This in-depth analysis is conducted every two years and validated by internal stakeholders in the years between. The most recent detailed analysis was conducted in 2021, during which 13 material topics were identified that cover the five legally defined aspects of Section 315c in conjunction with Sections 289c to 289e of the German Commercial Code (HGB). These were validated with the relevant departments in 2022. Representatives included employees of the strategy, compliance, human resources, and finance functions and the three divisions. The results were confirmed by the Schaeffler Group’s Executive Board.Part of NFB Ende

Results of materiality analysis


stakeholder responses received in connection with the materiality analysis

Part of NFBThe detailed 2021 materiality analysis included a global questionnaire that targeted the most important stakeholder groups. More than 1,000 stakeholder responses were received, including those of employees, customers, and suppliers. The results provided important insights for the company’s sustainability strategy, sustainability management, and sustainability performance and were subsequently discussed with relevant internal stakeholder groups.Part of NFB Ende

Ratings and rankings

Part of NFBThe Schaeffler Group further improved its sustainability ratings and rankings in the reporting year through consistent implementation of the sustainability strategy.


listed in both the CDP climate change rating and water security rating in 2022

The climate change rating has been improved to an “A” (prior year: “A-”) in the reporting year, for example, due to the 2040 target of the supply chain, e-mobility as an opportunity, and measures carried out through the 2021 energy efficiency program. The fact that 100% of the purchased power at all of the European plants came from renewable sources also had a positive impact. The company also managed to improve its CDP water security rating to “A” (prior year: “A-”), which takes into account selected measures from 2021, the management approach for water-related risks, and incorporation of the water target into the management’s short-term, variable remuneration. Thanks to the results in both categories, the Schaeffler Group is among the best 1% of the participating companies.

With 76 out of 100 points, the Schaeffler Group once again achieved Platinum status in the EcoVadis rating (prior year: Platinum status with 75 points), thus positioning the company in the top 1% of the peer group (Manufacture of parts and accessories for motor vehicles) for the second year in a row. Improvements were made particularly in the area of sustainable procurement.

Due to its active commitment, the Schaeffler Group increased its score in the S&P global rating to 54 in 2022 (prior year: 41). Significant improvements were made particularly in the areas of Business Ethics, Information Security/Cybersecurity & System Availability, Product Quality & Recall Management, Climate Strategy, and Occupational Health & Safety

With a score of 9.4 (prior year: 8.8) in the Morningstar Sustainalytics ESG risk rating, the Schaeffler Group was once again allocated to the “negligible risk” category.Part of NFB Ende



Rating scale


Current rating


Previous rating

Climate change


“A” to “D-”, whereby “A” is the best grade and “D-” the worst.





Water security


“A” to “D-”, whereby “A” is the best grade and “D-” the worst.






0 to 100 points, whereby 0 is the worst value and 100 the best.


Points and Platinum status


Points and Platinum status


0 to 100 points, whereby 0 is the worst value and 100 the best.


54/100 Points1)





Five risk categories:
negligible (0-10),
low (10-20),
medium (20-30),
high (30-40),
severe (40+)


“Negligible risk”-core framework


“Negligible risk”-core framework


The number of points refers to the score in the S&P Global Corporate Sustainability Assessment 2022, published on 02/17/2023.


Copyright ©2023 Morningstar Sustainalytics. All rights reserved. More information is available at: Sustainalytics.

Value Balancing Alliance (VBA)
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.
National Action Plan for Business and Human Rights (NAP)
The National Action Plan for Business and Human Rights is an initiative of the German federal government. It aims to combine the forces of various actors from government, business, civil society and trade unions to promote respect for human rights in global value chains.
Formerly known as the Carbon Disclosure Project. A non-profit organization that runs a global disclosure system for environmental data and evaluates the information for investors, companies and governments in the areas of climate, water and forests.
Climate neutrality
The Schaeffler Group has set itself the goal of reducing the climate impact of its corporate activities to an absolute minimum. Specific emission reduction targets have been set for this purpose: The production of the Schaeffler Group (Scope 1 and 2 market-based) will be climate-neutral by 2030, and by 2040, so will the remaining supply chain (Scope 3 upstream, categories 3.1, 3.3, 3.4). In both cases, this means an emission reduction within the respective scope of at least 90 % (base year 2019). Unavoidable emissions are offset by means of compensation measures. The extent and nature of these measures are to be determined in more detail by the respective target years (2030 and 2040).
Environment, Social and Governance (ESG)
The Schaeffler Group considers factors impacting the company in the areas of environment, social affairs and corporate governance.