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Corporate Sustainability Officer
Taking active responsibility is part of daily life at all corporate levels at Schaeffler. The Sustainability Strategy, with its four fields of action “Sustainable Management”, “Customers and Products”, “Environment and Energy”, and “Employees and Society” provides the framework. 24 topics with medium to high levels of relevance to the company have been identified within these four fields of action, due to the sustainability-related risks and opportunities they pose.
Based on a principle of value-based management, the Schaeffler Group has already begun to track its sustainability performance with the help of operative financial and non-financial key figures. To this end we have defined a set of key figures for each field of action in the reporting year, used for the operative control of sustainability-related measures.
In the future key figures relevant to the Sustainability Strategy, in addition to the operative figures, will contribute increasingly to our strategic management. One of our medium-term goals is to define, for each field of action, non-financial key performance indicators (KPIs), which will become a part of the group management.
The 17 United Nations Sustainable Development Goals (SDGs) form a recognized framework for the orientation of our corporate responsibility. These objectives are integrated in the strategic and operative developments of the sustainability work at Schaeffler.
To implement the Sustainability Strategy, the Schaeffler Group has implemented an integrated Sustainability Governance structure. The Supervisory Board of the Schaeffler Group is at the top of this organization and the Executive Board reports to it on relevant sustainability developments once a year. A key role is held by the Competence Center for Sustainability, which reports directly to the Executive Board as a source of impulses, coordinates groupwide sustainability activities, is in charge of the performance and issue monitoring and is responsible for transparent communication and stakeholder dialogs.
The Steering Committee for Sustainability is a panel of experts comprised of representatives of relevant departments that meets four times a year. Its tasks include cooperation with the Competence Center for Sustainability on determining the content of sustainability reporting, development of strategic sustainability objectives and KPI definitions.
As a globally active company, regular, open, and constructive dialog with our central stakeholder groups is of paramount importance in terms of our business success. This helps us develop trusting relationships, understand opposing positions, recognize trends, and deepen partnerships.
To define the topics that are particularly relevant to our work, we engage in close exchanges with the most important stakeholders of the Schaeffler Group. Within the framework of our materiality process this year we invited employees, customers and suppliers to participate in an online survey assessing the relevance of 24 sustainability topics for Schaeffler as a responsible company and to formulate sustainability-related expectations for the business. These topics, first defined by means of a comprehensive document analysis for each of our four fields of action, could be supplemented by the surveyed persons.
The results of the materiality analysis were verified by the Sustainability Governance of the Schaeffler Group and used to create a materiality matrix. The Sustainability-Roadmap of the Schaeffler Group lists concrete objectives and measures for each material topic.
The expectations of the different stakeholders are not always readily reconcilable. The main thing is to identify common ground, agree on cooperations or reach compromises that result in win-win situations. An institutional dialog can make a valuable contribution to this process. What we want to do is to include the interests of all stakeholder groups, as well as those of our employees, in the process, and implement measures that address their demands.
The Sustainability-Roadmap of the Schaeffler Group shows the concrete goals and measures that are defined and implemented within the four main fields of action “Sustainable Management”, “Customers and Products”, “Environment and Energy”, and “Employees and Society” to uphold our claim to be a company that takes active responsibility. It provides an assessment of how far our activities have progressed in the area of sustainability. The Sustainability-Roadmap is evaluated, adapted or expanded as needed on an annual basis to reflect progress in the individual fields of action that comprise our sustainability efforts.