The Schaeffler Group has announced it will be operating as a climate-neutral company from 2040.
This objective will cover the entire supply chain and has been underpinned by mid-term sustainability targets. The Schaeffler Group will, therefore, accelerate the pace of the Sustainability Roadmap it adopted in 2019.
The company’s own production facilities (Scope 1 and 2) will already be climate neutral from 2030, and by 2025 it aims to prevent as much as three-quarters of its production emissions.
The emissions from intermediates and raw materials occurring in the supply chain (Scope 3 upstream) will be reduced by 25% by 2030. The Schaeffler Group aims to achieve climate neutrality in this area as well by 2040. The base year for all calculations is 2019.
To achieve these targets, the company will focus on tangible reduction measures, and only unavoidable emissions will be neutralised by means of carbon offsetting.
Klaus Rosenfeld, Chief Executive Officer of Schaeffler AG, said: “Sustainability plays a key role in implementing our corporate strategy. The decarbonisation of the Schaeffler Group by 2040 is a top priority for us. Through our defined targets and specific measures, we are doing our part to help achieve the objectives of the Paris Climate Agreement. In doing so we are strengthening our position as a preferred technology partner and supplier of sustainable solutions and products, for example in the electric mobility and renewable energy segments.”
