The pandemic has had a huge impact on society at large. By getting involved in the fight against COVID-19, Schaeffler aimed to offer immediate, direct sup- port to specific communities and individuals, but also contribute to well-being in the long-run. This was implemented by offering communities tools to pre- vent future outbreaks (e.g., washing basins), as well as empowering them to take action on their own (e.g., through educational courses). At the early stage of the pandemic, Schaeffler set up the “SUF-Schaeffler Special Fund” together with Shanghai United Foundation (SUF), to support the areas affected by the pandemic. The fund included RMB 6 million donated by Schaeffler and added RMB 360,000 donated by Schaeffler Greater China employees. The donations were allocated in three stages, based on the developing needs within the pan- demic. The fund has been used to provide anti-epidemic materials and daily supplies in the areas affected, as well as for epidemic prevention in schools and post-epidemic rehabilitation. “Handwashing”, the main educational proj- ect of the donation, is still under way and will cover more schools in the future. The special fund will also contribute to post-epidemic rehabilitation.

Source: More Than A Market Booklet 2021