Sustainability targets

Towards a greener planet

We are characterised by our innovative strength and technological expertise, which allows us to align sustainability with efficiency.

In the calendar year 2022, India presented its Intended Nationally Determined Contribution (INDC) to the United Nations Framework Convention on Climate Change, focusing on a collection of fair and balanced commitments. Our sustainability objectives are in harmony with the Indian Government’s goal of establishing a net-zero global environment.

Schaeffler India sustainability targets

At Schaeffler India, we acknowledge the responsibility of businesses to help address the world’s most pressing issues, such as climate change. Our sustainability strategy is aligned closely with the three ESG dimensions - Environment, Social, and Governance - taking into account our core areas of focus and the requirements of our external stakeholders.

We have developed an ambitious and structured programme with long-term goals to advance our commitment to sustainability.

Parameter Target Progress

Energy efficiency

By CY24

4 GWh cumulated annual efficiency gains via the implementation of energy efficiency measures

In CY23

1.38 GWh

Renewable energy

By CY24

100% purchased power from renewable sources

31% of the power consumed in 2023 was from Renewable Energy

Employee safety

By CY24

10% average annual reduction in accident rates (LTIFR)

0.15 Accident rate

Women in leadership

By CY25

8% female employees

5% female employees

Freshwater supply

By CY30

20% reduction of freshwater supply compared to the base year CY19

6,511 m3

Climate-neutral supply chain

By CY40

CO2 reduction in the supply chain (Scope 3 upstream)

Climate-neutral production

By CY40

CO2 reduction in own production (Scope 1 and 2)*

* compared to the base year CY19