Put companies on watchlist
Schaeffler AG
ISIN: DE000SHA0159
WKN: SHA015
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

Schaeffler AG · ISIN: DE000SHA0159 · EQS - Company News (105 News)
Country: Germany · Primary market: Germany · EQS NID: 1511183
13 December 2022 10:04AM

Schaeffler AG: CDP score – Schaeffler achieves “A” for performance on climate change and water security


EQS-News: Schaeffler AG / Key word(s): Sustainability
Schaeffler AG: CDP score – Schaeffler achieves “A” for performance on climate change and water security

13.12.2022 / 10:04 CET/CEST
The issuer is solely responsible for the content of this announcement.


CDP score – Schaeffler achieves “A” for performance on climate change and water security
  • For the first time, Schaeffler has made it onto CDP’s A-list for performance on climate change and water security
  • Score puts Schaeffler among top one percent of participating companies
  • Schaeffler Group earns recognition for environmental transparency
  • CDP score is an endorsement of Schaeffler’s sustainability strategy


Herzogenaurach | December 13, 2022| 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 analyzed as part of the scoring process to have achieved “A” status in two categories. In total, data from more than 18,700 companies were analyzed and disclosed. CDP runs the world’s largest environmental disclosure database. Once each year, it collects data on the CO2 emissions, climate risk profiles and reduction targets and strategies of companies all around the world. “This outstanding result for Schaeffler sends an important signal to our stakeholders, who pay close attention to CDP scores,” said Schaeffler CEO Klaus Rosenfeld.

Environmental leadership is an ongoing journey
Making it onto the A-list is the hardest transition to achieve in the CDP scoring system and is a feat managed by very few companies. “This shows that we are on the right track with our sustainability focus as part of our Roadmap 2025,” Klaus Rosenfeld said. “Having said that, we know that we still have a long way to go, and that implementing our sustainability strategy in the current environment will continue to pose a significant challenge.” Schaeffler’s pleasing CDP performance also reflects ongoing improvements in the company’s environmental data collection, greater integration of climate considerations into its business processes, and transparent reporting.

Climate-neutral supply chains by 2040
Schaeffler achieved the latest CDP score due to a number of factors, including its target of achieving climate neutrality in its supply chain by 2040, its embrace of the opportunities posed by e-mobility, and the actions taken under its 2021 energy efficiency program. CDP also looked favorably upon the fact that all electricity used at all of Schaeffler’s sites in Europe came from renewable sources. This year, for the first time, the climate change questionnaire also included a module on biodiversity. The score awarded in the water category is based on a range of factors, including selected water-related measures implemented by Schaeffler in 2021, a detailed description of the company’s management processes for water-related risks, and the inclusion of water among the performance targets for the short-term, variable component of management compensation. The use of climate scenario analysis was also taken into account.

Gold standard for environmental transparency
The CDP scoring system is regarded worldwide as the gold standard in corporate environmental transparency. In 2022, over 680 investors with over US$130 trillion in assets and more than 280 major purchasers representing over US$6.4 trillion in procurement spend called on thousands of companies to disclose their environmental data through the CDP platform. CDP uses detailed and independent methodologies to assess each participating company, awarding scores from A to D- based on the level of detail and comprehensiveness of the company’s disclosures, the company’s recognition and management of environmental risks, and its demonstration of best practices in environmental stewardship in combination with leadership on environmental matters, as evidenced by steps such as committing to ambitious targets.

Full details of the Schaeffler Group’s commitment to sustainability are available in its latest sustainability report:
www.schaeffler-sustainability-report.com/2021


Schaeffler Group – We pioneer motion

As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking developments in the fields of motion and mobility for more than 75 years. With innovative technologies, products, and services in the fields of CO₂-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of approximately EUR 13.9 billion in 2021. With around 83,000 employees, Schaeffler is one of the world’s largest family companies. With more than 1,800 patent applications in 2021, Schaeffler is Germany’s second most innovative company according to the DPMA (German Patent and Trademark Office).
 

Contact

Dr. Axel Lüdeke
Head of Group Communications & Public Affairs
Schaeffler AG, Herzogenaurach, Germany
phone: +49 9132 82 8901
email: axel.luedeke@schaeffler.com
 
   Renata Casaro
   Head of Investor Relations
   Schaeffler AG, Herzogenaurach, Germany
   phone: +49 9132 82 4440
   email: ir@schaeffler.com
 
Matthias Herms
Head of Communications Finance and Sustainability
Schaeffler AG, Herzogenaurach, Germany
phone: +49 9132 82 37314
email: matthias.herms@schaeffler.com
 
   Christoph Herrmann
   Manager Investor Relations
   Schaeffler AG, Herzogenaurach, Germany
   phone: +49 9132 82 4440
   email: ir@schaeffler.com
 


13.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Schaeffler AG
Industriestr. 1-3
91074 Herzogenaurach
Germany
Phone: 09132 - 82 0
E-mail: ir@schaeffler.com
Internet: www.schaeffler.com
ISIN: DE000SHA0159
WKN: SHA015
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1511183

 
End of News EQS News Service

1511183  13.12.2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1511183&application_name=news&site_id=boersengefluester_html
Visual performance / price development - Schaeffler AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.