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Introducing ‘Sustainability by Schaeffler’ on Counterman.com
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By Counterman
Schaeffler earlier this month published its 2023 Sustainability Report, highlighting the progress along its “three ESG dimensions.”
“Sustainability is an integral part of our corporate strategy,” Schaeffler CEO Klaus Rosenfeld said. “Schaeffler has always been known for its innovative strength and technological expertise – building on this, we want to bridge the gap between sustainability and cost efficiency. We have set ourselves ambitious targets. Despite all the progress we have made in recent years, we are aware that we still have a fair way to go.”
The
link hidden, please login to viewincludes the definition of 10 actionable areas for the implementation of Schaeffler’s sustainability strategy, which are assigned to the three areas of environment, social and governance (ESG). “Sustainability & Engagement” is a subprogram of “Roadmap 2025,” Schaeffler’s overarching business strategy. The program was updated in 2023 with its Climate Action Plan, which was devised in 2022 and details specific measures for reducing CO2e emissions.
Schaeffler is currently focusing on seven key ESG goals in the implementation of the sustainability strategy, including climate neutrality, efficient use of resources, environmental protection and occupational health and safety.
For example, Schaeffler said it aims to achieve climate neutrality across production and its supply chain by 2030 and 2040, respectively.
The company said it instituted measures in 2023 that will lead to an annual reduction in freshwater consumption of 150,000 cubic meters.
The Schaeffler Group reduced its freshwater consumption by around 9% in the reporting year, with 27 water-saving measures implemented and verified externally in 2023, according to the company. The measures are expected to account for a minimum annual savings of 265,000 cubic meters from 2024.
Among other highlights, the global nonprofit environmental organization CDP awarded Schaeffler an “A” score in the climate-change category for 2023 by for corporate transparency and performance, and an “A-“ in the water category.
In the EcoVadis sustainability rating, Schaeffler improved its score to achieve a total of 79 out of 100 points, earning itself Platinum status again and a repeat ranking in the top 1% in its peer group in 2023.
Focus on Decarbonization
Decarbonization is a key focus area for Schaeffler. Sustainable supply chains (Scope 3 upstream) and the purchase of low-emission materials and services are a few of the strategies Schaeffler is employing in this area.
“Through close and trusting partnerships with our suppliers, we have already achieved initial successes and set the right course,” said Andreas Schick, chief operating officer at Schaeffler. “Transparency and dialog with our suppliers are now crucial to mastering the challenges ahead of us together and achieving our goal of a climate-neutral supply chain in 2040.”
At Schaeffler, the decarbonization of production (Scope 1 and 2) is largely based on the use of renewable energies, increasing energy efficiency and retrofitting plants to use renewable energies. For this reason, the internal generation of renewable energies is being developed at sites across the Schaeffler Group as an extension to the existing energy-efficiency program.
Since 2023, Schaeffler says 100% of the electricity purchased at almost every plant in Europe, Greater China and the Americas has come from renewable sources, with the plants in the Asia/Pacific region set to follow suit in 2024.
The Schaeffler Group has seen a reduction in production-related greenhouse gases of around 24% compared with the previous year, resulting in a decrease from 493,000 tons CO2e tons 375,000 tons CO2e, according to the company.
“Sustainability and innovative strength are firmly rooted in the Schaeffler Group’s DNA,” said Uwe Wagner, chief technology officer at Schaeffler. “This is the only way for us to overcome the challenges of tomorrow and pave the way to a sustainable and eco-friendly future.”
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By NAPA
ATLANTA, Oct. 2, 2023 /
link hidden, please login to view/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today that it has published its 2023 Sustainability Report. The new report highlights GPC's approach to sustainability that looks inward to global operations and outward to how the company helps improve its vast network that includes teammates, suppliers, customers, communities and investors. "At GPC, we embrace our role in the global sustainable economy," said Paul Donahue, chairman and chief executive officer. "We are proud to share GPC's 2023 Sustainability Report, which highlights our work as One GPC Team to make significant progress on our environmental, social and governance initiatives. Thank you to our teammates, partners and suppliers who strive for excellence every day and deliver exceptional service for our customers and the communities in which we work and live."
VIEW THE REPORT HERE:
link hidden, please login to view About Genuine Parts Company
Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The company's Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal. The company's Industrial Parts Group distributes industrial replacement parts in the U.S., Canada, Mexico and Australasia. In total, the company serves its global customers from an extensive network of more than 10,000 locations in 17 countries and has approximately 58,000 employees. Further information is available at
link hidden, please login to view. SOURCE Genuine Parts Company
For further information: CONTACTS: Investor Contact: Tim Walsh, 678.934.5349, Senior Director - Investor Relations; Media Contact: Heather Ross, 678.934.5220, Vice President - Strategic Communications
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By Counterman
Schaeffler has been named a 2023 Automotive News PACE Award finalist for its eRocker system.
The electromechanical valve-deactivation technology is one of 34 automotive innovations recently named a finalist in the annual competition that identifies and celebrates the latest game-changing innovations from the plant floor to the product to the showroom floor.
The Schaeffler eRocker system is an electromechanical valve system used to deactivate the exhaust valves of the engine. The system consists of three main components: a dual-pin electromagnetic actuator; two slider bars; and either eight (four-cylinder) or 12 (six-cylinder) switchable roller finger followers.
The system currently is in production with a major global automaker on both a six-cylinder and four-cylinder gasoline engine, Schaeffler noted.
According to the company, Schaeffler’s eRocker systems offers a number of unique advantages over competitive systems, including: full switching performance throughout the entire engine temperature/speed range; relatively simple integration within the cylinder head; independent operation of oil pressure from the cylinder head; and a reduced total system cost.
“Schaeffler is honored that our eRocker System has been recognized as an Automotive News PACE Award finalist among an outstanding group of global automotive innovators,” said Jerry Dixon, vice president valvetrain, Schaeffler. “Our eRocker System is an example of how innovations on internal combustion engines can offer further benefits to hybrid vehicle drivetrains.”
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By Counterman
Schaeffler recently expanded its range of front-end auxiliary-drive (FEAD) components in the U.S. and Canadian markets with the introduction of a new belt tensioner under its INA-brand product line.
With the addition of the FT0800 to its product portfolio, Schaeffler now provides belt-tensioner coverage for the latest Honda Accord, Civic and CR-V models.
The INA FT0800 provides belt-tensioner coverage for Honda L15BE, L15B7 and L15BY engines, totaling more than 900,000 vehicles in operation in the United States. A complete application listing is available
link hidden, please login to view. As a hydraulic damped tensioner, FT0800 contains optimized belt pre-tension due to its rotatable fixing eyes and is suitable for modern Honda engines with cylinder deactivation that targets fuel reduction. In general, hydraulic tensioners such as FT08000 can be used to lower the belt pre-tension to a minimum by still controlling FEAD performance, according to Schaeffler.
“We have conducted thorough research on various engines, resulting in the development of replacement components that are specifically designed to meet the requirements of each unique engine,” said Harsha Majji, Schaeffler product manager.
In conjunction with its
link hidden, please login to view service brand, Schaeffler provides technical tips and service information for the INA product line. “Schaeffler provides intelligent repair solutions in the four key systems: valvetrain, timing drive, front-end auxiliary drive and cooling systems,” added Roger Gillette, Technical Services Group leader. “With the REPXPERT service brand, you are provided with technical information, trainings, product catalogs and repair support for INA products, as well as chassis and transmission products.”
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