The Schaeffler Group is a publicly listed family business with a strong foundation in its values that shapes its corporate culture and entrepreneurial activity. Economic success, long-term orientation, and awareness of the social and environmental concerns of its own business are traditionally inseparably interlinked at Schaeffler. These values are the compass that sets the company's course for the future and implements the strategy “Mobility for tomorrow”.
Sustainability in concrete terms
Corporate strategy and values
Climate change, urbanization, globalization, and digitalization are megatrends that are changing life and work around the world at great speed. This is particularly evident in mobility. Whether within cities, on the major transportation routes that connect them, or in the industrial sector, mobility is being redefined everywhere. Schaeffler is actively shaping these changes.
Understanding of sustainability
Guided by the company values, Schaeffler creates the conditions for long-term, profitable growth. In terms of the Schaeffler Group's understanding of sustainability, this means being economically successful while at the same time assuming responsibility for the environment and society.
Materiality and stakeholder management
The Schaeffler Group defines its central fields of action with a materiality analysis. On this basis, a materiality matrix with 17 essential issues was prepared for the 2018 reporting year. For continuous discussions in the relevant subject areas, the Schaeffler Group maintains a dialog with its stakeholders all over the world.
The Schaeffler Group is constantly working to improve its sustainability performance. The Head of Sustainability coordinates groupwide sustainability activities and reports to the Executive Board as driving force.
Schaeffler aspires to have a positive influence outside of the company on global economic, social, and ecological development. Schaeffler contributes to ten of the United Nations Sustainable Development Goals (SDGs) with its activities.
Memberships of the Schaeffler Group
The Schaeffler Group is a member of industry and interest groups and other organizations with a social mission. The following is a list of memberships where company executives are active, in which Schaeffler participates through projects or working groups or provides funding beyond the usual membership fees. The memberships are strategically significant for the company or its industry and are related to the 17 essential issues from the materiality matrix. The list also meets the requirements of Indicator 102-13 of the Global Reporting Initiative Standards.
The Schaeffler Group is a partner of Blue Competence, an initiative of the VDMA with the goal of promoting sustainability in mechanical and plant engineering and to publicize sustainable solutions in the industry. With this partnership, the Schaeffler Group is committed to complying with the 12 sustainability principles of mechanical and plant engineering.
Charta der Vielfalt (Diversity Charter)
The Schaeffler Group is committed to diversity within the company and also made its commitment known publicly with the signing of the “Charta der Vielfalt” (Diversity Charter) in May 2008. It is committed to the standards of the Charta der Vielfalt (Diversity Charter) and relies on a corporate culture based on integration and mutual respect.
econsense - Forum für Nachhaltige Entwicklung der Deutschen Wirtschaft e.V. (Forum for Sustainable German Economic Development) is an association of leading global companies and organizations active in the German economy with the goal of promoting sustainable development in the economy and sharing social responsibility. The Schaeffler Group has been a member of the corporate network since September 2016.
A detailed list of memberships for 2018 can be found here: