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Corporate Responsibility

Society

For the Schaeffler Group, acting sustainably means taking responsibility for people, the environment, and society. The company is involved in numerous social projects.

Schaeffler FAG Foundation

Schaeffler FAG Foundation

The Schaeffler Group’s social commitment has grown throughout the company’s history. Ever since it was founded in 1983, the Schaeffler FAG Foundation has worked to promote knowledge, research, and learning in the fields of science and technology. More than 1,000 contacts with renowned universities and institutes worldwide ensure close networking between the foundation and the scientific community. With its Innovation Award, Schaeffler not only provides financial support to the winners but also contributes to the public recognition that such outstanding theses and innovations deserve.

However, universities are not the only place where Schaeffler relies on new spirit of research and innovation – Schaeffler’s FAG Foundation also recognizes school projects, including documentary films about renewable energies, the construction of a miniature Formula 1 racing car, and research into new environmentally friendly OLED lighting technology. Dedication and a fascination with technology are the force that drives Germany forward as a center of innovation and keeps us competitive. That is why the foundation invests around € 30,000 in these monetary prizes every year.


Education and science

We have been involved in the international “Formula Student Germany” competition since 2004, and have been gradually expanding our commitment. 2014 saw Schaeffler’s first appearance as the main sponsor of the event at Germany’s Hockenheim Ring, which involved more than 110 teams from 28 nations with a total of 3,600 participants.

The design competition included teams from twelve German universities and provided an ideal platform for students to test their theoretical engineering expertise in practice during the competition and, at the same time, to develop a comprehensive understanding at numerous different levels. “Formula Student Germany” thus creates valuable points of contact between the Schaeffler Group and the next generation of engineers.

Education and knowledge

Charitable projects

Charitable projects

In India, we are involved in the “HOPE” program to promote health and social justice. As part of this aid project, we began construction of a hostel for deaf and disabled female students in Vadodara, western India, in 2014. Construction was completed in February 2015. Schaeffler also deployed mobile healthcare stations in the region surrounding its plant in Savli, western India. These mobile stations are staffed by specialist medical personnel and can visit up to 40 villages every month, which means they can provide more than 40,000 people with preventive and curative healthcare.

A camp is also held once every month that is attended by specialist doctors such as gynecologists and dermatologists. This project is planned to last three years, after which it will be adapted to suit the relevant requirements based on the experience gathered.

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