Schaeffler Group Unveils 2024 Sustainability Report Integrating Vitesco Merger Data, Achieves Top CDP Ratings 

Schaeffler Group Unveils 2024 Sustainability Report Integrating Vitesco Merger Data, Achieves Top CDP Ratings

(IN BRIEF) The Schaeffler Group has released its 2024 Sustainability Statement as part of its Annual Report, fully aligning with EU CSRD and ESRS standards. This marks the first time the report integrates data from the recent merger with Vitesco Technologies Group AG, with subsidiary data included since the fourth quarter. CEO Klaus Rosenfeld reiterated the company’s ongoing commitment to ecological and social responsibility, emphasizing transparency and adherence to European reporting standards. The report highlights significant sustainability initiatives and performance metrics for 2024, with the company earning top CDP ratings—an “A” in climate change and an “A-” in water security—and receiving the Handelsblatt Global Transition Award 2024 for its contribution to a 1.5°-compliant economy. These achievements underscore Schaeffler’s leadership in sustainability and its forward-looking objectives for a greener future.

(PRESS RELEASE) HERZOGENAURACH, 5-Mar-2025 — /EuropaWire/ — The Schaeffler Group has once again underscored its unwavering commitment to sustainability by releasing its 2024 Sustainability Statement, now incorporated into its Annual Report in full compliance with the EU’s Corporate Sustainability Reporting Directive (CSRD) and prepared in line with the European Sustainability Reporting Standards (ESRS). This comprehensive report marks a significant milestone as it is the first to integrate data from the recent merger with Vitesco Technologies Group AG, with Vitesco’s subsidiary information being included since the fourth quarter. The document provides an in-depth look at the Group’s sustainability efforts across the entire value chain, reaffirming its dedication to both ecological and social responsibility.

CEO Klaus Rosenfeld stressed that sustainability remains a top priority even after the merger with Vitesco, noting that the combined expertise and data have strategically enhanced the Group’s sustainable business practices. “We stand by our responsibility and, together with our customers and partners, will continue to pursue innovative solutions that enable sustainable operations,” he stated, emphasizing the importance of transparency and uniform European reporting standards. The statement not only highlights key initiatives and performance metrics for 2024 but also reflects the strategic evolution of the Group’s sustainability approach.

In addition to outlining its ongoing projects, the Schaeffler Group’s efforts have been validated through outstanding ratings in sustainability assessments. The company proudly maintained its position among the industry’s leaders by achieving an “A” in the climate change category and an “A-” in water security, as per the latest CDP ratings. Moreover, the Group was honored with the Handelsblatt Global Transition Award 2024, a recognition of its exemplary climate performance and its proactive contribution to advancing a 1.5°-compliant economy. The detailed report is available online, providing stakeholders with transparent insights into the Group’s sustainability journey and its forward-looking objectives for a greener future.

For more details, please visit www.schaeffler.com/en/media/dates-events/annual-press-conference.