Sustainability is extremely important to Schaeffler. With the publication of the Sustainability Report 2023, the company is not only creating transparency for its stakeholders but also highlighting its progress. As Schaeffler CEO Klaus Rosenfeld comments: “Sustainability is an integral part of our corporate strategy"
The Science Based Targets initiative (SBTi) has validated the Schaeffler Group’s targets for reducing greenhouse gas emissions as being in conformity with SBTi criteria and recommendations and hence in line with what the latest climate science considers necessary in order to meet the goals of the Paris Agreement.
The Schaeffler Group has been recognized by the global not-for-profit environmental organization CDP for its leadership in disclosure and performance relating to climate change and water security. Schaeffler has improved its score from “A-” to “A” regarding both climate change and water security, an achievement that puts it among just a handful of the companies.