An organisation’s success is no longer measured just by its financial performance. Its contribution to conservation of the environment and its ability to conduct business in a responsible manner are equally important factors. At Schaeffler, we have always been aware of our impact on society and the environment and have consciously worked towards giving back.
Our sustainability strategy, ‘responsibility for tomorrow’ outlines our specific focus areas in this domain. Our annual sustainability targets across these focus areas act as guiding posts that ensure we are on the right track, even in the most challenging times.
We have identified the Sustainable Development Goals (SDGs), set by the United Nations General Assembly, which are aligned with our focus areas.
Sustainability is at the core of our policies when engaging with both internal and external stakeholders. We undertake effective sensitisation of people across different functions and business segments on the importance of achieving our sustainability targets.
As part of its CSR programme, Schaeffler India has consolidated its activities and focus exclusively on a few core areas, which will make a meaningful impact on the community and make a difference. HOPE is Schaeffler India’s umbrella initiative encompassing the values, vision and mission of the organisation. Through this initiative, Schaeffler India strives to contribute to the motto – (May everyone be happy). It is derived from the four core areas of focus – Healthcare, Occupational skill, Preservation of national heritage, art and culture and Empowerment of society. Under HOPE, Schaeffler India runs a number of initiatives for the four focus areas.
Likewise, we have put in place policies to ensure we partner with organisations, which conduct their business in a responsible manner. These are applied across our entire supply chain, right from sourcing of raw materials to delivery of final products to the customers.
We have a comprehensive ‘Supplier Code of Conduct’ document that covers policies around fair competition, prohibition of forced or child labour, and safety in the working environment, besides focusing on working with integrity.
Our plants and operations have received various certifications, namely, ISO 14001 – Environment Management (EMS), EMAS III – Eco-Management and Audit, ISO45001 – Occupational Health and Safety and ISO 50001 – Energy Management (EnMS).