Materiality

Business-critical topics

Our interaction with stakeholders helps us identify, assess, and understand the issues material to our business.

Why materiality matters

Stakeholder engagement

We listen to our stakeholders and ensure we build positive feedback loops with them.

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Risk management

We assess risks and inter dependencies in a volatile market to remain competitive.

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Identifying key opportunities

We identify risks to enable win-win situations for our stakeholders and co-create value on a large scale.

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Key steps in the materiality assessment process

1

Identify stakeholders

2

Conduct initial
stakeholder outreach

3

Identify and prioritize
issues to be measured

4

Design and launch
survey

5

Interview
chosen stakeholders

6

Ask stakeholders
to rank ESG topics
in terms of importance

7

Analyse
insights gathered

8

Benchmark results
against peers and
competitors

Schaeffler Group conducted a comprehensive analysis with 1,000 stakeholders and identified xx material issues. These issues are integral and help support the delivery of our business strategy. The assessment will be conducted every two years to keep it relevant.

Material issues for Schaeffler India

Environmental

  • Water management
  • Solutions for low carbon mobility
  • Emissions management
  • Energy management
  • Waste management
  • Material sourcing
  • Transportation and logistics

Social

  • Diversity and inclusion
  • Safety and working conditions
  • Total quality and product safety
  • Labour management
  • Respect for individuals
  • Employee advancement
  • Employee engagement

Governance

  • Compliance
  • Data security and data protection
  • Ethics and transparency
  • Stakeholder engagement
  • Community engagement