Schaeffler earns EcoVadis platinum sustainability rating, joins top 1% of companies
Sustainability rating agency EcoVadis has awarded Schaeffler its platinum medal, placing the company among the top 1% of 150,000 evaluated firms.
- 87 out of 100
- 81 out of 100
- 150,000
- Top 1%
What Happened
Schaeffler has been awarded the platinum medal by sustainability rating agency EcoVadis, improving from a gold rating in the previous year. The annual assessment covers four core themes: environment, labor and human rights, ethics, and sustainable procurement. This recognition places Schaeffler among the top 1% of the 150,000 companies evaluated by EcoVadis worldwide.
- Gold – 81 out of 100 points
- Platinum – 87 out of 100 points
- Top 1%
“The EcoVadis platinum rating substantiates our progress in embedding sustainability consistently across our value chain. It is a meaningful recognition of our ongoing commitment and the combined achievements of many teams throughout the company. This success strengthens our resolve to continue on this path.”
“This platinum rating confirms that our commitment to sustainability is having an impact across all key areas. It sends out a strong message about the progress we have made together, reinforces Schaeffler’s credibility with customers, partners and further stakeholders, and demonstrates the strategic embedding of sustainability in the company.”
- Stronger environmental performance and transparency, supported by enhanced climate and Scope 3 reporting
- Documented measures in labor and human rights, including employee programs, health and safety, working conditions, and diversity
- Improved governance, ethics and compliance management system
- Progress in implementing sustainable procurement practices
Why this matters
The platinum rating shows Schaeffler's sustainability efforts are paying off, which can boost its credibility with customers, partners, and investors. For a beginner, this means the company is being externally recognized for environmental and social responsibility, potentially influencing purchasing or investment decisions.
Terms in This Story
- EcoVadis
- A sustainability rating agency that assesses companies on environmental, social, and ethical performance.
- Platinum rating
- The highest level of recognition in EcoVadis's rating system, indicating top-tier sustainability management.
Summarised from the linked release; details can be imperfect — always verify against the original source.