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2. About the report

Schaeffler India Limited’s Integrated Annual Report is prepared in accordance with the international Integrated Reporting framework, issued by the Value Reporting Foundation. This report reflects our commitment to stakeholders for transparent communication and provides a detailed assessment of our ability to create sustainable value in the short, medium, and long term.

The report focuses on the Company’s achievements, its model of value creation, holistic performance, strategy, risk management, megatrends and opportunities and financial and non-financial performance including Environmental, Social, and Governance (ESG) initiatives.

January 01, 2023 – December 31, 2023

The report covers the strategic, financial, and non-financial performance of businesses, including various manufacturing operations and supply chains.

The report extends beyond financial reporting and includes non-financial performance, opportunities, risks, and outcomes attributable to or associated with our key stakeholders, which have a significant influence on our ability to create value.

The integrity of the information presented in this report is verified by the management and the Board of Schaeffler India Limited to the best of their knowledge.

At Schaeffler India, we believe value creation is focused on optimising value (outcomes and outputs) for our stakeholders. This is a consequence of how we allocate and enhance our ‘capitals’. The capitals are stocks of value that are increased, decreased, or transformed through the activities of the organisation.

Input ▸ Outputs
Outcome ▸ Stakeholders

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We apply the principle of materiality to assess what information should be included in the integrated annual report. We focus particularly on those issues, opportunities, and challenges that impact materially on the ability to create and deliver value in the short, medium, and long term.

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Apart from abiding by the guiding principles and content elements of the International Framework, this report abides by the following frameworks, guidelines, and standards:

• National Voluntary Guidelines (NVGs)
• Companies Act, 2013 (and the rules made thereunder)
• Indian Accounting Standards
• Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Secretarial Standards issued by the Institute of Company Secretaries of India
• Global Reporting Initiative (GRI) (core option) standards
• Sustainability Accounting Standards Board (SASB) standards

Disclaimer: The Company is not liable with regard to any data/information appearing in this report, taken from the public domain.

To aid navigation and indicate cross-referencing, the following icons have been used in the report.

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