Schaeffler AG 2024 Annual Report with Sustainability Disclosures
Company: Schaeffler AG
Sector: Manufacturing
Country: Germany
Year: 2024
Type: Annual Report with Sustainability Disclosures
Pages: 267
The report details Schaeffler AG's financial and sustainability performance for the fiscal year 2024, highlighting the successful completion of the business combination with Vitesco Technologies Group AG. This merger significantly expanded the company's business and technology portfolio, particularly in electronics, sensors, and control units, leading to a realignment into four product-focused divisions. Environmentally, the company achieved its target of sourcing 100% of purchased electricity from renewable energy at all locations with annual consumption over 150 MWh, including all 104 plants. Additionally, the company completed and commissioned its new technology center in Herzogenaurach to pool development expertise for sustainable mobility and energy ecosystems.
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