Schaeffler is named as one of the United Nations’ 50 Sustainability & Climate Leaders

Date: Wednesday 21 April 2021

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Schaeffler Group has been selected as one of the 50 worldwide Sustainability & Climate Leaders of the United Nations (UN) on the occasion of its 75th anniversary. The common objective of this initiative is to achieve the 17 goals for sustainable development set by the organisation.

“For us, the appointment of the Schaeffler Group as one of the Sustainability & Climate Leaders of the UN is not just recognition of the work we have done to date, but both an incentive and an obligation to continue implementing our sustainability strategy with the utmost consistency,” said Klaus Rosenfeld, Chief Executive Officer of Schaeffler AG. “As part of this impressive initiative, we will do everything in our power to realise our sustainability and climate targets and thus make our contribution to achieving the 17 sustainability goals set by the UN.”

A prerequisite for the admission into the 50 Sustainability & Climate Leaders is a clearly defined sustainability strategy and corresponding corporate objectives. As a corporate value, sustainability has been firmly anchored in the Schaeffler Group's activities for many years and is an integral component of its corporate strategy.

“Sustainable corporate success to us means assuming ecological and social responsibility – in production, through the use of our products, and with the involvement of our suppliers,” said Corinna Schittenhelm, member of the Board of Managing Directors of Schaeffler AG, with responsibility for HR and sustainability.

Schaeffler was convincing in the selection process and now represents the automotive and industrial supplier sector in the DACH (Germany, Austria, Switzerland) region. For the Schaeffler Group, it is not only the ecological footprint of its own production facilities that plays a major role. The development and production of technologies for the optimal use of renewable energies is also an important contribution to climate protection. Schaeffler’s components, systems, and service solutions make specific contributions to sustainable changes in a wide range of industries – for example, in the electrification of the powertrain for vehicles and in the manufacture of large-sized bearings for wind turbines.

A good initial overview of Schaeffler’s sustainability activities is provided by a documentary that was officially broadcast on 15th April 2021 by media partner Bloomberg and published on https://www.50climateleaders.com.

Since 2020, selected targets have been integrated into the variable remuneration of managers. Furthermore, Schaeffler is continuously developing its employees with comprehensive training programmes and measures for retraining and further qualifications. Further details and background information on sustainability at Schaeffler can be found in the recently published sustainability report. This report provides information on key figures and objectives, illustrating the development of the Schaeffler Group towards greater sustainability. The report is available in digital format and the content can be accessed via an interactive microsite: www.schaeffler-sustainability-report.com

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