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.
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
