Schaeffler India is a leading manufacturer of ball and roller bearings in India. The company is a subsidiary of Schaeffler AG, a German multinational company that specializes in the production of precision components and systems for automotive and industrial applications. Schaeffler India has been operating in India for over 50 years and has established itself as a trusted supplier of high-quality bearings to a wide range of industries.

The company has a strong commitment to decarbonisation and sustainability. As part of its corporate energy strategy, Schaeffler India has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy sources. The company has implemented a range of initiatives to achieve these goals, including the installation of solar panels at its manufacturing facilities, the use of energy-efficient lighting and equipment, and the adoption of best practices for energy management.

One of the key initiatives that Schaeffler India has undertaken to reduce its carbon footprint is the implementation of a corporate power purchase agreement (PPA) for renewable energy. Under this agreement, the company has committed to purchasing a certain amount of renewable energy from a third-party supplier over a fixed period of time. This has enabled Schaeffler India to reduce its reliance on fossil fuels and increase its use of clean, renewable energy sources.

The corporate PPA has also helped Schaeffler India to achieve significant cost savings on its energy bills. By purchasing renewable energy at a fixed price, the company has been able to hedge against future price increases in the volatile energy market. This has provided Schaeffler India with greater certainty and stability in its energy costs, allowing it to focus on its core business operations.

In addition to its corporate PPA, Schaeffler India has also implemented a range of other renewable energy initiatives. The company has installed solar panels at its manufacturing facilities, which generate a significant amount of clean energy to power its operations. Schaeffler India has also invested in energy-efficient lighting and equipment, which has helped to reduce its overall energy consumption and carbon footprint.

Schaeffler India's commitment to sustainability extends beyond its own operations. The company is also working with its suppliers and customers to promote sustainable practices throughout its supply chain. Schaeffler India has implemented a range of initiatives to encourage its suppliers to adopt sustainable practices, such as reducing their carbon footprint and increasing their use of renewable energy sources. The company has also worked with its customers to develop more sustainable products and solutions, such as energy-efficient bearings and systems.

Overall, Schaeffler India is a leading example of a company that is committed to decarbonisation and sustainability. Through its corporate energy strategy, the company has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy sources. The implementation of a corporate PPA for renewable energy has enabled Schaeffler India to achieve significant cost savings on its energy bills, while also reducing its reliance on fossil fuels. The company's commitment to sustainability extends beyond its own operations, as it works with its suppliers and customers to promote sustainable practices throughout its supply chain.