TCFD index

The requirements of the Task Force on Climate-related Financial Disclosures (TCFD) apply to the following areas: Governance, Strategy, Risk Management, and Metrics & Targets. The aim of TCFD-compliant reporting is to properly report on the risks and opportunities of climate change and thus strengthen the stability of the financial market. Since the CDP climate questionnaire incorporates most of the TCFD requirements, the Schaeffler Group already reports on the following information:

TCFD core elementsRequired informationCDP questionnaire 2023 reference
Disclosure of the organization’s governance around climate-related risks and opportunities
A. Board of Managing Director’s oversight of 
climate-related risks and opportunities
B. Management’s role in assessing 
and managing climate-related 
risks and opportunities
Disclosure of the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material
A. Description of climate-related 
opportunities and risks
C2.1, C2.1a, C2.2, C2.3, 
C2.3a, C2.4, C2.4a
B. Impact of climate-related 
risks on the organization’s 
businesses, strategy, and 
financial planning
C2.1.b, C2.3, C2.3a, C2.4, 
C2.4a, C3.1
C. Resilience of the organizational strategyC3.1
Risk Management 
Disclosure of how the organization identifies, assesses, and manages climate-related risks
A. Organization’s processes 
for identifying and assessing
 climate-related risks
C2.2, C2.2a
B. Organization’s processes 
for managing 
climate-related risks
C. Integration of processes for identifying, 
assessing, and managing climate-related 
risks into the organization’s overall 
risk management
Metrics & Targets
Disclosure of the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material
A. Metrics used by the organization to assess 
climate-related risks and opportunities
C4.1, C4.2
B. Disclosure of Scope 1, Scope 2, and Scope 3 
greenhouse gas (GHG) emissions
C6.1, C6.3, C6.5
C. Targets used by the organization to manage 
climate-related risks and opportunities
C4.1, C4.1a, C4.2, C.4.2a, 
C.4.2b, C4.2c
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