Schaeffler Group Releases CSRD-Compliant Sustainability Report

The Schaeffler Group has announced its first Corporate Sustainability Reporting Directive (CSRD)-compliant sustainability statement, highlighting its commitment to sustainability post-merger with Vitesco. The 2024 Sustainability Report, part of Schaeffler's Annual Report 2024, adheres to European Sustainability Reporting Standards (ESRS), focusing on transparency.

CEO Klaus Rosenfeld reaffirmed that sustainability remains a priority for the company. The report integrates Vitesco's data since the fourth quarter of 2024, reflecting the merger's impact on sustainability metrics. Schaeffler's efforts are recognized with favorable sustainability ratings, achieving 'Leadership' status in CDP ratings for climate change and water security.

The group's sustainability initiatives are pivotal in aligning with global goals, earning accolades like Handelsblatt’s Global Transition Award for climate performance. The comprehensive statement encapsulates Schaeffler's 2024 sustainability focus and progress, underscoring its dedication to ecological and social responsibility across its value chain.