Schaeffler receives an ‘A’ score in the climate change category
Posted to News on 12th Feb 2024, 09:09

Schaeffler receives an ‘A’ score in the climate change category

Schaeffler has been awarded an A' score in the climate change category for 2023 by the global non-profit environmental organisation CDP for its commitment to corporate transparency and performance.

Schaeffler receives an ‘A’ score in the climate change category

(See Schaeffler at MachineBuilding.Live, 2 October 2024, on stand 22)

Based on data obtained from the CDP questionnaire on climate change, Schaeffler is one of the few companies assessed in 2023, numbering in excess of 21,000, to achieve an A' score.

CDP runs the world's largest environmental database. Once a year, it collects data and information from companies on their greenhouse gas emissions and climate risk profiles, as well as on their reduction targets and strategies. This confirmation of Schaeffler's A' rating in the area of climate change is a strong signal and confirmation of the successful manner in which we are implementing our sustainability strategy. I am nevertheless aware that there is still a lot to be done to achieve our ambitious goals, states Schaeffler CEO Klaus Rosenfeld.

The inclusion in the CDP A List 2023 is testament to the high-quality and complete data provided, which has not only given the company a holistic overview of environmental ramifications, but also serves as a basis for sustainable transformation and facilitates the process of pursuing climate protection goals. Schaeffler's current classification also reflects ongoing improvements in the company's data collection, a transparent climate reporting system, and the integration of climate protection into its business processes.

Overall, Schaeffler has kept pace with the increased level of requirements in most of the climate change categories evaluated by CDP, for example, in areas such as the Schaeffler Group's corporate strategy and its initiatives aimed at reducing and reporting on emissions.

The transparency demonstrated by Schaeffler in climate-related risk management and in the disclosure of opportunities and risks as encountered in the transformation of the e-mobility business unit for example also played a supporting role in the pleasing CDP result. Target transparency is also underpinned by the validation of Schaeffler emissions targets, which were classified as scientifically-based in 2022 by the Science Based Targets initiative (SBTi).

A further contribution to the positive result was also made by the Schaeffler Climate Action Plan, which was developed in 2022 and includes the company's target of achieving climate-neutral production by 2030 and a climate-neutral supply chain by 2040.

Schaeffler (UK) Ltd

Unit 308, Fort Dunlop
Fort Parkway
B24 9FD

+44 (0)121 313 5830

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