The Circular Economy – Ellen MacAthur – Report

To most people, a solar farm or a geothermal plant is simply a power producer. Scientists and engineers see far more potential. They envision offshore wind turbines capturing and storing carbon beneath the sea, and geothermal plants producing essential metals for powering electric vehicles. Electric vehicle batteries, too, can be transformed to power homes, saving their owners money.  “In a 2021 study, we showed that covering all 4,000 miles of California’s canals with solar panels would save more than 65 billion gallons of water annually by reducing evaporation. That’s enough to irrigate 50,000 acres of farmland or meet the residential water needs of more than 2 million people,” writes engineering professor Roger Bales of the University of California, Merced. They would also expand renewable energy without taking up farmable land.

Long-term thinking and responsible actions have always characterized the culture of the Schaeffler Group as a family business. To us, sustainability means enabling a future worth living by fostering the growth of the Schaeffler Group with a long-term view and continuity for the benefit of all stakeholders. Led by our company values sustainable, innovative, excellent, and passionate the company provides the basis for long-term, profitable growth.  The new Roadmap 2025 defines three strategic priorities – innovation, agility, and efficiency. The subprogram “Sustainability & Engagement” anchors sustainability in the corporate strategy Roadmap 2025. The sustainability committee defined seven concrete sustainability targets.