- Sustainability was transferred to the Chief Executive Officer’s division in the reporting year
- Central, strategic decisions are made by the Executive Board
Part of NFBAfter the last meeting in April 2022, the Sustainability Transformation Committee was dissolved as the central decision-making body for sustainability topics, with these responsibilities transferred to the regular agenda of the board meeting, which is attended by the eight members of the Schaeffler AG Executive Board and the four regional CEOs. Until April 2022, the Sustainability Transformation Committee met on a quarterly basis.
Responsibility for sustainability was transferred to the Chief Executive Officer’s division in the reporting year. The Supervisory Board is tasked with monitoring the fundamental decisions of the former Sustainability Transformation Committee and of the Executive Board.
The company also made the decision to introduce additional organizational changes to the sustainability structure in 2023 to ensure decentralized, topic-specific decision-making. As a central decision-making committee, the Executive Board is supported by topic-specific steering groups, which share information on a monthly basis, assess implementation progress, and prepare discussions for the Executive Board. The steering groups are managed according to topic by sponsors defined at the Executive Board level and coordinated by the sustainability strategy department, which reports to the Chief Executive Officer. The company’s global sustainability network does preparatory work for the steering groups according to topic and consists of representatives of all the divisions, functions, and regions in accordance with the Schaeffler Group’s organizational structure. This approach shall ensure the integration of the appropriate departments as well as an efficient, targeted implementation.Part of NFB Ende